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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 (2626)7/30/1998 5:27:00 PM
From: dealmakr   Read Replies (2) | Respond to of 5847
 
Brad,

Todays trading opened with the MM's raising the ask price to .58 to snag all of those market buy orders at the open. Not bad with the bid at .50. This is where a little patience on buying could save you a couple of bucks IMO. As the buying dried up the ask was walked down. The bid was then starting to drop to induce selling via panic. I didn't see many falling for it. Volume today was still very good and in the afternoon the spread tightened up. A close of the bid price over the range of .48-.50 over the next few days would mean to me a breakout to higher levels IMHO. It closed today bid at .49 ask .51. The stock is very liquid at this level also for those either buying or selling. Its a great game to play trying to think about all of this stuff, but fundamentally we are lookin good. Still more buying than selling over all and that should lend support to the valuation levels we hope to see. Not in any great rush to get there as my timeframe is still to see the business plan through next year, but any surprises are welcome.

Dave