Post by
Dannygo on Jun 22, 2016 10:08am
Math
Around 9:25am, I watched closely LRE and BNK . As of yesterday, both yield were the same 10%. LRE 0.47 to 0.52; BNK 2.0 to 2.2. At 9:30am LRE investors were more "excited" so I bought BNK at open 2.01. If something go wrong, LRE will become 0.16; BNK will become 1.1. This is what I see.
Comment by
yetta on Jun 22, 2016 10:14am
I'm guessing that BNK movement isn't as "exciting" cuz of the Albanian factor (Albania needs to approve also right?) - one additional contributor of uncertaintly. Good luck though!
Comment by
Dannygo on Jun 22, 2016 10:25am
Albania approved on May 10. See below link: https://sonoranweeklyreview.com/bankers-petroleum-acquisition-by-geo-jade-gets-approval-in-albania-china-tsebnk/ It appears even China Gov't side approved.
Comment by
yetta on Jun 22, 2016 10:37am
I see. I don't follow BNK. Very strange that it wouldn't have jumped higher today but I'm glad. I hope it stays down here until I get my LRE cash. I doubt it will.