Banro Move Down = tax loss selling / EOY force outs
This whole thing reverses in January.
See below keys for better explanation.
11 Keys to Banro PPS Explosion in Jan 2015
The month the most undervalued stock in Wallstreet meets the following realities.......
Key # 1: End of Tax Loss Selling
Key # 2: End of Forced out Selling
Key # 3: Race to buy back shares sold for Tax Losses
Key # 4: Forced out inst race to buy back in as stock moves upward
Key # 5: Record Banro quarterly profits and prod costs plunge due to oil.
Key # 6: 120 million cash infusion
Key # 7: Namoya Mine Expansion continues, exponential revenue growth
Key # 8: Analyst Upgrades to Banro due to previous keys.
Key # 9: Analyst Upgrades to Sector due to lower prod costs for all mines
Key #10: Gold production costs of < 500's per ounce announced (oil)
Key #11: As stock moves up, it triggers Bull Flags, more Investors become aware of Penny stock Mine with 2 active mines, on the cusp of breaking into the Mid Major Mining industry, with cash to build out mine #3 and #4.