Let me clear the air on my position......
55% Banro shares represent my certainty based on my own personal analysis that I will make large long term gains on Banro. These shares were purchased between .25 and .56 with a dcn of roughly 40 cents.
45% cash was from selling shares purchased between .12 and .19 at .22.
The decision to sell this portion was based on concern of a setup that I am predicting by MarketMakers of Banro to push banro down below 10 cents to the single digits, prior to allowing a gap up event.
I am quite certain I will make money on Banro on my 55% position and have no problems holding it through any further bottoming process that may be in store.
However, the 45% cash I now have will provide substancial powder to take advantage of the bottoming Banro, in the event my fears are realized.
The more dots I connected, the more concerned I became, and hence, decided to share my concerns with the board.
There is an awful lot of convergence with this theory of mine, and it involved things like, a deal that did not close as expected, gold plunging, etc etc.
Well, looking around, the stock is still below my .22 (which helps with my anxiety for the weekend), the deal has NOT been announced, and gold has fallen from 1195 to 1177.
Sure I could be wrong on this one, and if so, I will have to be content with my 55% banro as it runs up into the sky of profits.
Then I will take my cash and move it somewhere else.
But if I'm right, man, I may have just doubled the size of my position. (assuming I buy back at .07)
Now as part of this scenario, if they do bring Banro down, I am still predicting they close the deal, just later than anyone expects, and when they finally do, I could see a jump from .07 to .35 in a day.
Ba ba ba Boooooom
Okay, back to reality. So although my thinking might seem strange, I like what Im doing here.
Best Case: Banro comes down, I double my positon, Banro takes off.
Worst Case: Banro Takes off with 55% of my investment accounts.
I Invest cash in another great investment.
Now I have 2 really good scenarios....not too shabby.
Cheers!
