RE:RE:Byn and vgcx both tanking lately Many stocks are oversold but my focus is on these two.
I added between .275 and 0.30 here. I wanted to grab some yesterday but volume and spread weren't big enough for this purpose. Banyan is still a tiny stock in terms of trading. A relative small amount can move the price 5-10% both sides.
Which one to chose between Banyan and Victoria, owning 11% of Banyan is a question or risk/reward. Different stages and so different risk profile and return expectations.
In fact, I was hoping to see Victoria at 20+ with Banyan below 0.30 to switch step by step from one to the others... But I reviewed my timing and already addes here. We know important steps are not far away and market could move in anticipation in September. I did not want to miss the boat...
For VGCX, next quarters earnings should improve dramatically and a merger is in the card as well... Not the right moment to decrease the position : just saying :-)