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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 (2192)	6/25/1998 8:06:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 5847

Brad, For TA I'm no wiz. I just watch the trading and see where support and resistance levels are. This stock has been banging around between .18 and .28 for the last 6 months for the most part. .18 is very strong support and .28 is resistance. The key is watching how much stock is being bot on upticks as compared to how much is being sold on the bid. When the Orgas spike hit the volume of buy orders overwhelmed the MM's. You saw what happened after .18 was taken out on the ask. Took better than 400k shares to do it. Didn't take nearly as much this time. Because there is a hell of a lot less to take out. The company has also gained some strong fundamental support evidenced by this weeks announcement with Ingram Micro. That makes the support of the stock that much stronger. Remember not too long ago if a 10k sell hit the bid it was dropped. Its been standing up pretty good this week so far. At the close the ask was raised to .29, this in itself doesn't mean that much, but maybe tells me that there are buyers orders in at prices above .26 and it shows to the MM's. This stock is in a lot stronger hands today than a month or 2 ago. By watching the block trades on upticks and seeing the prices paid, I believe that folks are onboard that are looking for the stock to appreciate north of here. The key to overcoming that .28 resistance is for that level or better to be on the bid side for 2 days or more. That would show me that stronger support has occured as all of the cheap .18-.22 shares are being held for the most part. This is not to say that games can't start occuring as the price increases. In fact I believe that they will. Its just going to be that much harder for them to pull it off as stronger hands are here lending support on the buy side. I did talk to Scott today briefly and asked him if any interest is coming in, he said yes. The website on stockguide hasn't generated much response for BANY so far, but I'll bet that everyone that reads it gets a little interested. Also told that BANY is having some problems with their website at Doublecase, but should be rectified shortly. This is why the autho message keeps on coming up. Nothing else to report except that he said Cameron is happy with the new interest in the company and better valuation in the stock price. My take on what will happen if we go to a new level is that we will see some selling at around the .36-.42 area as some will be taking their doubleout profits from buying between .18-.22. Then depending on what else comes out from the company such as another deal coming together a possible run to test old highs. The better the news the stronger and farther the movement can be. The one that would make me the most happy is when BANY says that they are NOW a reporting company. This will take away a lot of doubt about what the company is all about and can be viewed as a step towards bigger things. Who knows though what will be the next one taken out of the oven. Man I'm getting carpel tunnel from being long winded here. I personaly feel better now about my investment than I have in a long time. Its all starting to come together. Just my own opinions here folks. Dave PS: Mike thank you for posting the trading log. Being away from the puter, I still like to see the buying and selling and size of trades.