Showing posts with label regionals. Show all posts
Showing posts with label regionals. Show all posts
Thursday, July 22, 2010
BANR
I've been long BANR for the last couple weeks or so since the stock issuance and massive insider buying at $2, followed by a slight move up out of the 1.90-2.10 area. If you aren't long already, this may be a good spot to pick it up around 2 without risking much. I was hoping for a nice sector short squeeze in regional banks to help my position, as occurred in Jan and Apr of this year, but the mini-sector-squeeze fizzled out pretty quickly this time. However, I'm still following my plan on holding BANR for a big move.
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regionals
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