Lots of opinions on where this is heading. I got in at around...

Lots of opinions on where this is heading. I got in at around $6.20 a few days ago. My rationale for buying is as follows;

AFG, CNP etc were in worse position than BNB yet the banks have managed to let them survive so you would expect them to let BNB continue operating normally especially as it is in their best interests. Once this is confirmed, I'd expect the shorters to cover especially since many are already sitting on large profits and the upside in the stock would outweigh the downside. Tax loss selling is also capping BNB but again, post 30th June this will end. Finally, a push above $7.50 will see even more shorts cover. You just need one big insto willing to get in and a big fally could follow. Just my thoughts but I believe the upside outweighs the downside. Whether you are long or short, just make sure your stops are in place. $4.70 and $7.50 are the obvious levels.

Cheers