Ken, I'm not hyping here, you will not be sorry if you get BANY at ~$1. It will double, at least to $2. These little dips are just MM games. I have been playing BB stocks for almost a year now, and the pattern of lowering the bid on low volume is classic. The pattern today is the same as yesterday. A couple new people get in at the open, MM raises ask to get highest price, then drops bid to get shares cheaper. Right now, while we're waiting for a trading date for ANYI, the MMs will have there games, but when the word gets out, we'll have consecutive double digit % gains. The word will spread about this one IMO. We have solid support ~$1, but even if we get a little below that, it means nothing with such light volume. Heck, I made a coupel buys a few days ago were I was a large % of total volume and I raised the ask almost $0.15 all by myself. We haven't even had a volume day of 1 million yet. The word is not out, but whne it is, the valuation of BANY will be figured easyily to be $2-3, and maybe as high as $4-5. The trading float is absolutely tiny. If you don't believe me, call one of the MMs (like I did) and they'll tell you there are so few tradeable shares that almost every buy of 5,000 shares movesthe prcie by $0.10.
Good luck. |
