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investorwisdom

08/19/15 11:24 AM

#39145 RE: coach tequila #39143

There are investors buying Banro that don't understand Banro. They see the headline numbers and see risk and are forced to sell because of emotions or stop losses or a combination of both. We can see this is evident in the major sell-off fueled by the balance sheet accounting write-down of $50 million. There are big hands invested, seeing that number spooked them, simple as that. Call it a margin call, or call it whatever. You can read into this all you wish, and try to deconstruct the data, but fact of the matter is some people just see a 50 million loss for a company with 165 million debt, and they sold, regardless of the actual facts and the future potential that write down could have to positively impact the bottom line. I get it, and I'm getting more popcorn too, because things are getting really exciting!
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Libertarian74

08/19/15 11:28 AM

#39147 RE: coach tequila #39143

Yep. And 1250 plus gold.