Post by
arh0070 on Mar 25, 2021 9:08am
Banxa
The booster club keeps on recommending buying Banxa which is highly speculative ,has a high cash burn rate all the time while the cryptos are falling in price (Just go look this morning at the losers versus gainers on Coinbase this morning ,virtually everything is down a minimum of 10%.)Sure glad I sold out at the top and now only have a small position .One of the best indicators I have used through the years on Stockhouse is the "booster club indicator.If everyone is wildly bullish and breathlessly encouraging everyone to buy it is a highly successful negative indicator ,ie you do the exact opposite to make money .
Thanks booster club for making me a lot of money on banxa ,when they all stop posting I may buy back, not sure yet .
Cramer just came out and recommended selling half your gold and putting it into cryptos .Cramer is almost always wrong so likely a strong buy signal for gold and sell all cryptos ,we are in for a severe correction or a bear market at worst after a parabolic rise .
Comment by
Urbani on Mar 25, 2021 9:19am
BNXA... Under short attack ... Revenues coming out in April for March... and our resident shorter is back... Going to be 6 x revenues here... Crazy... Market Cap...