Tuesday, July 20, 2010

Banro Corporation (BAA) - Purchase $1.84

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This is a daily chart of Banro Corporation (BAA).  Frankly, I regard BAA as a silly stock that cannot be taken seriously (well, except to trade).
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Banro will get pushed down into the lower Bollinger Band as long as the manipulators can hold the ball under water.  But when they lose their grip on the ball it come flying out of the water and, however briefly, into the air.  
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I probably could have been a little more patient for a slightly lower price.  I need to work on that.  My TSI trading record has been updated to reflect this purchase.
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Click on the chart to ENLARGE

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