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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 eInvestor99on Sep 19, 2014 11:53pm
109 Views
Post# 22954712

RE:RE:RE:Where is the actual bottom?

RE:RE:RE:Where is the actual bottom?I am not sure how benandemmiboo knows this about the dump being by GDXJ but it sure sounds right to me. The combined daily volume in Toronto and Ney York makes sense for a dump of 26 million shares, and of course if you dump that much that fast, a lot of people who would normally have bought at 19 cents and 18 cents and so on where out living their lives and not watching the market  moment by moment. And of course panic sets in, people's stop loss orders are triggered and the whole thing snowballs. The TSE drop was so fast it was way ahead of NY and the US guys did not catch up (or down that is) until afterhours trading. I think there is going to be a lot of appetite at 16.5 and 17 cents (Canadian) when markets open on Monday and this is going to drive the price quickly upward. And it is sure dangerous to put your predictions in writing, but I think we will see the price jump Monday to 0.22 or 0.23 and then stumble a bit when the day traders take their profits. Anyways, even if it doesn't go like that, I am personally getting in early grabbing some more shares at 16.5 to 0.17 if I can get them, because that price is a real gift, and it we are not at the real bottom already, we must be very close.
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