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


To: Roo who wrote (3297)11/30/1998 2:51:00 PM
From: brad greene  Respond to of 5847
 
Roo,

I totally understand where you are coming from. Every time the stock goes up big and people sell........this happens.

Many of the old timers just ignore it.......You need to understand that all of the way along the climb.....people will be selling. It makes sense. It's smart. I welcome it.

I sold some BANY at 38 cents a few weeks ago. Not much....but it made my wife happy. I wish I hadn't. Oh well.....But anyhow.....weak hands need to give way to the strong. I think that is what is happening. People were selling like mad at 26 cents too. Ooooops!

I will be happy to post on what I see as the risks here....just not now. I need to run. I don't think I can be of much help with any "deep dark secrets" .....as I've been unable to find any. Everything the company has said ....has come to pass. The Dell and Ingram relationships are very real.......and give me much joy. And I think Anything Internet is doing all of the right things to become a rocket.

I know what an Ingram relationship can do......and Dell also. Doublecase should not be lost in all of the Anything Internet excitement....IMO.

So let the short term traders do their thing......they don't care about anything more than clipping a penny or two in one trading session. I guess they are needed to fill in the gaps and build the candlesticks.....

bg

ps. Skuza is rocking one of my houses......this has to be good!



To: Roo who wrote (3297)11/30/1998 3:07:00 PM
From: Jetta  Respond to of 5847
 
Hi Roo,
I am new here and bought shares today.
I will first say I have NOT done a lot of DD on BANY but that is typical for me. what I like most is their interest in Anything Internet. I was in TSQD with a similar relationship to DRIV and watched COOL/WCAP.
I will follow and dig deeper into BANY.
As far as speculating as to why others would sell their shares, it is my opinion that speculating doesn't provide answers and since we can't ask those people we just won't know. I think the best answer is that people buy and sell for all kinds of crazy reasons. A broker I know had an elderly client call to buy BAMM Friday when it was over $40.00 because she didn't want to miss out while the rest of us likely wouldn't touch it at that price (it dipped to 23 today).

I don't think you will find a free site on the net that offers trade history on the level you are looking for. I pay for a service and they only go back 5 days of trade by trade history.

I do think the chart looks very nice
bigcharts.com
nice steady climb up.

Jetta




To: Roo who wrote (3297)11/30/1998 3:15:00 PM
From: Mike Sawyer  Respond to of 5847
 
Well Roo, I can't say I have any thing other than pure speculation but I think that we have some old timers from the .20 cent days taking profits and playing other stocks. There are so many stocks that are doubling and tripling everyday right now that many people are bound to move their BANY money around. Of course I expect many to be back with even more money to play BANY again as the AI stock gets closer to trade day.

I must admit that I thought about selling some stocks (BANY was one) and buying BAMM at 3 5/8 when it had a volume breakout. What a costly mistake that was! Lost a ten bagger and I would have been back in BANY and others today with a few more shares than I would have left with! But I had other things taking my attention and knew the BANY story was about to unfold so I left it alone.

I'm very happy to see the sells on BANY being absorbed without knocking it in the dirt. VERY GOOD SIGN! So far I can't find any bad BANY information. I would like to see them get a large Dell order but that's in the works I'm sure. Time will tell.

I'm long on BANY!

Mike



To: Roo who wrote (3297)11/30/1998 9:21:00 PM
From: dealmakr   Read Replies (2) | Respond to of 5847
 
Roo,

Saw your post earlier, but had to get to the office. In any stock that moves up or down to new levels you will see buyers and sellers appear at certain price points. If going up, you can expect to see profit taking when objectives have been hit, such as a possible 100% return on a buy at a much lower entry. Also new investors will enter as the price action and volume bring additional interest. Daytraders will also pick up on % moves and increasing volume. The story is constantly changing and perspectives on valuation and what someone is willing to pay change along with it. Lately the story line here has been changing very rapidly with the business relationships developed by BANY and the newer relationship with Anything Internet. This will bring a changing of investors IMHO as some old ones grab their profits and new ones look for the future. I don't view it as dumping, but more of a recycling of ownership. Things to look for in determining strength are;

How is the trading supported and liquidity, can selling in size be absorbed by buying and do the MM's besides playing their little games give support by not dropping too far away on no volume? If someone buys @ .62 and without any sells the ask drops to .61, you know its a MM game. Remember that to give liquidity to the trading they have to short to the buyers as the stock runs and balance the book by buying back lower. It just the way the game is played.

Does volume increase with a rising or dropping stock price. Rising equals strength and the opposite is true with selling.

Are there any material developements in the future that will have a substancial effect on current valuation. I can think of one, as I am pretty sure that its on everyones mind that owns BANY.

Remember that in each new level of price that the stock reaches or drops to, you will see new players come and some older ones go. I don't smell any fish, its just a good amount of volume. If you look at the time and sales for up vs. down volume, it should tell the tale.
It is always best for your own DD to ask and question your position of ownership in any stock at all times and make sure that your investment objectives are in line.

Dave




To: Roo who wrote (3297)12/1/1998 7:39:00 PM
From: Ron Harvey  Respond to of 5847
 
<<. . . opinions as to where the selling is coming from (?)>>

It's quite normal to have profit-taking when so many have purchased this stock below $.40 a share. Stop counting pennies and consider percentage gains. If a speculator bought at $.36 he makes 50% when he sells at $.54. I expect that what's going to occur this month will be a contention between profit-takers and those seeking new opportunity. After all, some of today's sellers tripled their money or better, while some buyers expect to triple their money from here. I don't think there's anything puzzling about this. It's just the way the stock market works as it rides on people's emotions.

Meanwhile, the trading today was especially encouraging, and I suspect that savvy momentum players are climbing on the band wagon.