BNCCORP, Inc. (BNCC)

[10 bagger]

BNCC.. $7.60..

It originally popped on the opening BNCC backed off to the $7.00 level on volume of over 67,000 shares.. That volume and price has given relief for some that are finally breaking even on old purchases.. The additional share offering that was CXL. leaves BNCC with a book of $13.60 and a small float..

BNCC is in the middle of the ND oil boom and is uniquely positioned with a capitol base that may/should be put to use in the financing of new homes and infrasture facilities necessary to house and support ND's 3% unemployment economy.. The existing increased farm values to it's present farm loans are also a source of continued funds for a capitol source for this small town bank when some farm land is converted into cash..

There is one other source of possible upside to BNCC stock.. That is thier footprint within the oil patch and it's value to larger banks wishing to acquire BNCC and move into the area with a base of depositors/customers in place.. I added again today at $7.00.. My upside is a double from here unless ther becomes a bid for BNCC and I would think 1.3X book ($17.68 +) would be appropiate.. hank