Bullboard - Stock Discussion Forum Silvergate Capital Corp SICP

Financial Services Banks - Global

Silvergate Capital Corporation is a holding company for Silvergate Bank (the Bank). The Bank is a provider of financial infrastructure solutions and services for the digital currency industry. The Company's platform, known as the Silvergate Exchange Network, provides payments, lending and funding solutions for an expanding class of digital currency companies and investors. The Bank provides... see more

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Silvergate Capital Corp > Drop continues

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Post by JCSunsfan on May 10, 2021 2:31pm

Drop continues

Quality stock on sail IMO. ARK is selling so its driving the price down. I wonder if a little market manipulation is going on.

This company has surprised to the positive for 6 quarters straight. YOY profits have increased from .19 in Q4 19/20 to Q1 2021. Growing at more than a 120% rate and sporting a PE of 55 which is a bargain for that kind of growth.

This is a moment to get a quality stock on sale. If you are thinking that the price might drop more, dollar cost averaging in might be the best option.

When it pops, it will pop quickly.