Replies to post #4091 on Banro Corp. fka BAA

[stockstreak]

I am still holding and expecting this to go up. Banro seems really undervalued and under appreciated.

[TexasRambler]

I agree, spencaround. Yet here we are, so close to our 52 week low. I don't know what to expect from here so I am prepared for either. If we drop through .4,1 I expect it to go somewhat lower. I will buy more.
It seems the way to play this at this time is sit on the sidelines with cash and watch it fall. Doesn't make any sense with what is going on.
jmo
tex

[braised007]

Another one of my "legends" quote post, this time all courtesy of Warren Buffett:

‘We don’t get paid for activity, just for being right. As to how long we will wait, we’ll wait indefinitely.’

‘Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.’

‘Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.’

‘Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.’

‘If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes.’

‘Price is what you pay. Value is what you get.’

‘The Stock Market is designed to transfer money from the Active to the Patient.’

‘Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.’

‘I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for ten years.’

I cherry picked all of those quotes as they are all relevant to Banro today and the frustration you are feeling. I'm a big fan of Buffett (not necessarily how leans politically), but you can not deny his track record. His reputation speaks for itself. You don't get that rich, and beat the S&P on an annualized basis that long, if you are not smart, patient and wise. The guy has all three in spades.

Banro will continue to go down until gold catches a strong bid, or a surprise catalyst shows up. Put some money in an inverse miners basket to soften the blow a bit. Because of the way Banro moves, there might be people pair trading this; smashing Banro and getting long a different miner, or GLD, or GDX or GDXJ. It goes down every day (LOL) so if you're a trader, the trade is to definitely sell Banro and buy gold or buy silver. That's been a bread winner for 60+ days.

As for how long I will be holding: indefinitely.

[SilverRay]

spec, just take a deep breath :) now review the pps history of TSLA, ICPT.. this is what going to happen to the whole mining sector in not-too distant future.
gold 50% retracement will be complete at $1230, so theres a good chance the new bull market will emerge from that.
banro is just following the whole sector's performance.
im looking at THM to reach a 52 low and to load up on it, and maybe put a bit more to my BAA position, although it's quite substantial already. I wish loncor would come out with a dilution timetable to give me a timeframe on that.
smart money is accumulating minors now. after the momentum is reversed on the gold price, traders will really let it rip.
markets are not linear, i wouldnt time my purchases any later than the end of july 2014.
it's nice tgat baa has shown relative resistance compared to the bullion price decline, so it shows we're near a major bottom for baa. another sign is that some longer-time longs are giving up and selling BAa. it's been described as the sign of the final capitulation stage which is upon us.
if someone needs more adrenalin in their lives, i would really recomnend THM, it's quite comparable to JNUG, when the time is right.
the non-linearity may also excert itself as a very steep recovery. compare to the valve of the steam pressure cooker.