SI Continues a long slow slide.There are a couple of things people need to understand about this company.
1. It makes money on the EXCHANGE of crypto currency, not on the value of it.
2. The value does impact because value impacts volume of exchange.
3. This company is posting incredible earnings quarter after quarter, surpriseing every time.
4. The thing to keep an eye on is competition. How do they stack up, how defendable is their position in this ever increasing market.
Right now they are in a slow decline after running up a lot. It looks like a buying opportunity to me. Looks like some funds are slowly reducing holdings. That sorta makes sense after such a run-up.
The fundamentals say buy, but the market isn't always driven by fundamentals.