Monday, April 06, 2020 6:20:41 AM
The positive side of this scenario... This isn't a typical OTC crap shoot Ticker. This is a real community bank that weathered the storm of the financial crisis(Just Barely) and they have re-built quite nicely since the lowly lows of sub-penny carnage we witnessed over a decade ago. I can't believe I'm saying that, "over a decade ago". With that said, there will be support and buyers at many levels if it trails downward. In the long term this will likely emerge from an initial RS slump and enter much higher ground.
Although, once again this current economic scenario we're in could factor in as a major disruptor in the big picture scenario creating much more resistance moving forward if it does hit a larger slump. How much and to what extent remains to be seen... and again this is just my opinion but I believe we have a long road ahead of us as a country and of course economically.
Hope everyone is doing well!!! Stay Safe out there, and remain hypervigilant.
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