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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Comment by TheGoldenBearon Aug 20, 2014 12:40pm
194 Views
Post# 22860645

RE:experts out there...

RE:experts out there...My take is much more conservative. When the first half of the day looks like this......a strong move up that tapers off and trades sideways during lunch hour, I suspect one of two things will happen. Option No. 1 is that the price increase today is mostly day traders and penny flippers and they will sell off in the afternoon and we will close where we opened at 0.25/0.26. Option No. 2 is that people feel that they missed out on the move up, but at around 1PM the stock price will start to move up again and people will rush in producing the inversion of the first half of the day. You can see it often when a stock pops like this on good news. It looks like a spiral galaxy, and if you want I can find and post a pic for you. Or go look at POET technologies (PTK) on thurs, august 7th.

I suspect we will have option 2 today, for a close around 0.32. People are figuring out just how much this financing has changed Banro's future for the better, and the 0.29 that seemed expensive at midday will seem cheap at 2PM.
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