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Re: hokies21 post# 16537

Sunday, 01/11/2015 2:57:28 PM

Sunday, January 11, 2015 2:57:28 PM

Post# of 63744
The institutions paid much higher prices (> $1) to buy their shares. They have been liquidating their shares here in the pennies into year end 2014 and so this is a negative. But net/net it is a positive IMO that they ever bought in the first place since they would have done their due diligence and the fundamentals for Banro have arguably gotten better despite the Institutions liquidating. Now why would institutions be selling when they should actually be buying ? I can only speculate: tax loss selling, rules regarding minimum market cap and/or share price, forced selling due to redemptions, avoiding the embarrassment of holding a position that is down > 90% and that is in the most despised sector of the market, etc.


While I am new to investing, isn't that rather unusual for major banks to be in on stocks trading in pennies? I would think that is a positive sign that those major banks are willing, and continue to hold.

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