Current Trade

Monday, December 20, 2010

One thing for sure... BAN.TO

The market has every known thing factored into the price... take BAN.TO... for instance  ...just released a PP for 30 million shares @ .50 cents ...talk about the selling pressure recently in order to take positions likely held by insiders..... however a pretty positive spin for a good looking chart to suggest a reason to buy. Post financing I love it. We may get lucky and see some NR selling to drift to the .50 cent range PP where it would technically be a great buy for risk control in this traditionally down week... but it's not likely unless a house magically appears to clean up a position, making room  for the PP of a client... we have block support @ .55 (100k) with a range gap to .59 on the open showing on level II...  that could change closer to the open.

GLTA Lostoutwest

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