Thinking I am following this board since almost a year now. It is the first I speak on this board.
This stock is collapsing since 1.5 years now from $10 to $1.5. Everyday I heard people saying it's such a bargain at this price. I mean it has never been a bargain if you look at the chart. People has to be realistic here and face reality this stock is going lower. Just look at the chart. Why will BNK make a major bottom today. No reason at all....
The way I see it is they will need at least 2 quarters to show some improvement so probably for Q4. It means over the next 6 months no reason why this downtrend chart will reverse. If you think the contrary you are dreaming as you were dreaming when BNK were at $8 and you were saying it's so cheap....
I f we keep that trend over the next 6 months I compute we can go to between $50 cents and $1
Time will tell but who would have thoug we would at $1.5 1 year ago ? So every is possible.
GLTA