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Re: None

Friday, 04/04/2014 11:20:09 AM

Friday, April 04, 2014 11:20:09 AM

Post# of 63744
HFT really have nothing to do with Banro....

The reason for such high volume the last several weeks is accumulation and in order to do that to fill an order MM's will drop the price a few times or let it race up a few times to weed out stops, momo traders, and even longs who can't take it anymore. Institutions who are the ones who buy millions of shares are all filled up and ready for holding thru the rest of the year. They will build on any weakness but in banros case they want to see Gold hold the line thru the first quarter of the year and it did that so more than likely it will stay the same or go up a little...which is all they want. They get a great price on a great company and Gold drives it up.. all they have to do is continue to make money and meet targets set for the year in Tonnes, operations, budgets ,etc.... easy.

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