BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: dealmakr who wrote (3355)	12/1/1998 5:58:00 PM
From: Mike Sawyer	Read Replies (1) of 5847

Yes David, I did say something close to that. Here's exactly what I had said... "When we break through the .78 cent area we will see this stock move much higher. The last support level above that was $1.12 but it is common for a stock to test a buck before it will go through." We went through .78 today but it was very fast and VERY thin. It was a frenzy of market orders that did it I'm sure. That's why we backed off sharply and have come back to work on .78 cents. The sell volume was not very big on the move down. Just a shaking of trees on a little profit taking. I expect to see more tomorrow. We must break through this .78 cent area with strong support which I think we will have. The next large area of resistance would be $1.12 but I think that we will have to work hard to break the $1 mark. That's a heavy Psychological resistance level from what I've seen before. Just the smell of it signaled profit taking today. Onward Ho! $^)

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