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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?


To: brad greene who wrote (1278)3/20/1998 11:56:00 PM
From: dealmakr   Read Replies (1) | Respond to of 5847
 
Trading action.

Todays trades as everyone has seen were on the downside mostly caused by people moving on. As a trader if you have some profits and want to go on to the next play, you can't lose by taking money off the table. As an investor you have to know what you are buying and why. Sometimes by entering a trade you become an investor by having the trade move swiftly against you. Thats the time to stop and take a look to see if holding is worth it or cut your losses and move on. As was stated todays action and volume would have crushed this stock last week. The stock has shown something here. I had buy orders in at .21&.205 today. Never filled. When the stock was moving down rapidly I wanted to see how far it would go. It held up ok. For those that elect to move on, just keep this one in mind for a possible position as an investor someday. For those that will hang around, I think the long term IMO is good. This is the only stock that I currently own that I have certs on, as I will be around for the long term. After thinking about it I am going to call for 125,000 shares to be certed instead of the 100k. This will give me 170k in cert form. Please update you list.

Dave



To: brad greene who wrote (1278)3/21/1998 11:07:00 AM
From: Larry  Read Replies (1) | Respond to of 5847
 
Brad,

<< I'm more of a buy and hold until full value is recognized.>>

From everything I've read, heard, understand, and tried myself, there is no trading strategy that can beat buying stock, (especially at the bottom) and holding it for the long term. So, my friend, you may unknowingly be one of the better traders on the thread.



To: brad greene who wrote (1278)3/21/1998 11:45:00 AM
From: Larry  Respond to of 5847
 
Brad,

<<I might note that the book value of BANY can't be $2.25 per share. I think that is an old number from 1995....when there were very few shares>>

You're right. Thanks for pointing that out. I got that information off the web site. I'll contact Scott on Monday and get him to update the site with the correct figures.