Just my opinion here but..Banro is about to fly.
My reasoning is based on the following....
The drop in price from .45 to .11 was artificial.
During this time, we had an index fund forced sale of 35 million.
News alerts go out to all retail investors warning of "Rumors from bondholders of possible Banruptcy" > that should be criminal.
My guess is we also had 35 million in market maker shorting ahead of that news, along with the colorful images posted in this blog of the world ending, jokes about stock market suckers, etc.
Now we have the stock surging upward. And the timing of this surge is leading into a Sector Wide (Mining Sector) Earnings release, which just happens to be the first Miner Earnings that will be HEAVILY effected by the oil price PLUNGE.
So do I think this move up is for real?
Well lets see we have a correction of an artificial drop from .45 to .115, combined with sector wide blow out earnings on tap.
What do you think?
