What's up with BANY's price lately?
The last several days (weeks?) the price has been inching down on light volume, and almost all of the larger orders were sells. Today, it looks like nearly ever trade was a buy, almost 30,000 shares total, and the price didn't get that much stronger. Something is seriously bogus with those 300 shares (>$250 isn't even worth the commission IMO) being traded at the bid at the end of the day.
Sounds like trading may still be a little ways off, does anyone know if ANYI still thinks they'll be able to become "effective" on ~April 5, or will they definitely have to wait until the SEC reviews their response to the SEC comments? Also sounds like BANY may have some late-breaking doublecase news in the pipeline.
All the internut backdoors seem to be on fire this week (SFE, BNYN, KLOC, KLOCZ, WCAP, DLIA, ...), wonder if anyone covering them will give BANY another look. BANY seems to have reached a bottom, but you can never tell. Under $0.85 looks like a very good risk/reward proposition IMO, I especially like it when a stock like BANY has such low volume, and very little discussion on SI;) |
