BestDamnPennyStocks.com Update On BANI
BANI took a hard dip this afternoon. You've seen this 3 times before. We watched the trading closely today. If you have a level 2 you would have easily noticed what was going on. If this wasn't a short cover, I've never seen one.
I believe a few of the other dips were caused for the same reason. When you see a market maker sit on the bid for hours on end they are most likely collecting stock at a lower price that they have already sold without having the stock. They have to get it some way so if they can cause a ruckus YOU might just panic and sell them exactly what they need.
Another point is, most of the shares have shown up from the split. Many people are in huge profits. At one point after the split the share price represented as a group almost 90 cents. Many people purchased BANI under 10 cents. The profit for some is downright enormous. They want to bank the profit and celebrate the magnificent, exciting run on a stock. This is a good thing for those that were alerted and purchased the shares in the lower pennies.
Also take note that by the end of the day today it appeared that the bounce has already started. Sometimes the bounce can bring in ridiculous profits quickly. Savvy traders know exactly how to trade these bounces. BANI nor any stock can just keep going up, up, up and never down. These down days are expected and healthy as different levels of support are made.
Like I said, we have seen this before, each time it dipped, BANI came roaring right back bringing spectacular profits to our members. I do have to say, as optimistic as we are by going back and looking at the charts, that just because BANI came roaring back on those occasions does not mean it will happen again, so go with your gut when trading any stock. A lot of how we make money trading penny stocks is gut instinct so use yours!
We give you our opinions and you know what they say about opinions? Everyone has a different one. YOU do what is right for you. We all have different levels of experience which cause us to make our moves. The inexperienced traders will learn. We just don't want you to learn by leaving your profits on the table.
Now, to go back to BANI, yesterdays news was exciting as hell. We loved learning that Snoop Dogg used "The Aristocrat" in his hit video "Those Gurlz" and in Landy's latest Cognac ad. We also took notice that Derrick M. Holmes, CEO, said they are in talks with several other celebrities that will be soon revealed. WE love that because that should mean more news will come soon. It is true that the most famous brands that we all know were started by famous singers, famous actors etc. I believe Holmes is on the right track in trying to brand Banneker this way.
Tomorrow could really be exciting. Watch for a bounce play if the stock dips down in the morning! If you have level 2, make sure to watch the MMs and how they team up. BANI has been insane to say the least. It has been extremely exciting and it was wonderful to see so many members making so much money! WE love it! Keep BANI on your radars tomorrow.
