Replies to post #33843 on Banro Corp. fka BAA

[JJ8]

Okay fair enough. You seem to have a good handle on the TA voodoo. I have a couple of Fundamental analysis questions for you:

1) What is fair value for Banro share price right now ?

2) Do you know of any producing gold miner out there that is a better value than Banro ?

1) As to 'fair price now':

Not too important to me.

Based on F/A, it appears undervalued right now... depending on the yardstick one chooses if you like forecasts. I do not make forecasts. I follow the market with no bias of ownership of the stock. It could limit my own decision making, let alone others. I let the market dynamic help me decide in both ST/Swing and LT goals as I am in both for this stock. Apparently, the market says 'right now' it's worth $0.351 per share.

2) I do not. That alone is not good enough reason for me. Besides, it is known that still these stocks remain less attractive to most traders/investors as they stay dormant for too many years. Unless more interest begins to develop soon or in the near future, the price may remain approximately in this range for a while. We just do not know at this time.

"The performance of gold is rather uninspiring as it continues a nearly two-year sideways dribble. In fact, I would have to say that, based solely upon the price movement of $GOLD, the outlook leans toward the negative. However, the expected continued weakness in the dollar, and improvement in the sentiment for gold, give us an indication that gold may finally begin to move higher in the longer term. Nevertheless, I still feel like it is about a 50-50 call at this point.

Technical analysis is a windsock, not a crystal ball."

For more info refer to my post #33526 (dated 6/17/15) for Carl Swenlin's recent article titled: Picture Improving Slightly
June 13, 2015 at 11:48 PM