InvestorsHub Logo
icon url

investorwisdom

09/17/13 1:14 PM

#1190 RE: Sparks111111 #1189

That's right BANRO is not just a NYSE but a TSX stock. And it's very important to compare the two. Since up until recently the volume on Banro shares was lead by the TSX exchange with more shares being traded on the TSX versus the NYSE. Now an important change has been taking place, recently BAA on the NYSE has been seeing increasing volume and that volume is now greater on the NYSE than the TSX! What do you think that means? I personally think it means that visibility and awareness is taking place on a massive scale. Banro used to be just a predominantly Canadian stock where most of the trading was taking place, but now the USA NYSE exchange is in the dominant position. Over time more investors are becoming aware of Banro and the market has dramatically grown on a international scale. Now more investors are buying and selling in the USA than in Canada, Banro is really starting to take off in terms of volume! And it's that volume and divergence that will provide the follow through to higher and higher prices when the tide does indeed turn. Now if the volume was stagnating and falling then I would say we are in trouble, but in fact just the opposite is happening! If the market exchanges 1 million shares today at .60 then that means only $600,000 in value of the market cap was traded today. Just because a couple of investors bailed @ .60 we are only talking about $600,000 in valuation of the company, in the entire scheme of what Banro represents, today's action while deplorable, is truly only a drop in the bucket! And to top that off, nobody selling today bought at a lower price, everybody selling is booking a loss. We are in a negative vacuum that is completely and totally unsustainable.