Just a general comment on BNK -About 18 months ago when BNK began making strong upward moves from 50cents it typically would rise 10-15 cents in a short period of time - then pullback a bit - consolidate then move higher again.
We are seeing a similar pattern begining to form again.
The early morning pullback evaporated quickly once the short term players had cashed in their profits.
We could still see some more consolidation, - but for those that have been in this stock for sometime (and held through the ugly market dowturn) there is simply no reason to sell now.
Thats not to say there wont be pullbacks from time to time - no doubt there will be - but the overall trend is up.
This trend is unlikely to be reversed now unless there is another serious collapse in oil prices.
With the summer driving season approaching it will take a brave investor to bet against a gradual increase in oil.
This can be a dangerous stock to day trade. Not infrequently, - on its original bull run over a year ago, - it was easy to be tempted to cash a profit only to find the stock take off again leaving one standing at the station as the train pulled out again.
I expect to see frequent posts on this board now by those who are trying to play this game by giving dire warnings of a pullback AFTER they cash in their position