Banyan Corporation (BNYN)

[Debaser52]

Agreed. Unfortunately the more a stock spikes and falls back down the lower that spike can sometimes be. The rationale being that everyone starts inching their sells lower to avoid the rush!! We defeat ourselves to protect profit, it's a weird dynamic but we see it all the time. Clearly the last spike occured with apparently far fewer O/S shares so it reamins to be seen how that might affect any 'run' now. This company is a no brainer to me but, as we all know, the OTC (while better than pink or grey) doesn't have the pricing rules that could reasonably be applied in big boards. Rumour and momo tend to do more than news down here. News tends to cause a sell off because people fear the "Buy on rumour, sell on news" so again it self-perpetuates.
Anyway, I'm gonna plug away with flips until a run then will have to work out my tolerances there. GLTA.