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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three... see more

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > Inflation
View:
Post by arh0070 on May 12, 2021 4:01pm

Inflation

There seems to be a basic lack of understanding of what drives the stock market .
Inflation drives up interest rates ,Higher interest rates impact growth stocks .
BNXA is a growth stock ,NASDAQ down 350 points today .BNXA will not swim against this tide .
You would be amazed how cheap growth stocks will get in a bear market ,Think 2$ or below for BNXA.
Somehow I doubt BNXA will be up tomorrow but always hard to predict day to day patterns.
At some point in time it may become a good buy .If Cryptos go down with everything else then volume will suddenly dry up as it it always does in a bear market then see what happens to bnxa,s revenues .
I am certainly not wishing for a bear market in stocks or Cryptos but it is becoming a possibility .
No matter what the federal reserve and Yellen has to say, in my opinion there is a significant risk we will have a return to the 1970,s ,history has a habit of repeating itself.
Comment by DaNixon on May 13, 2021 9:41am
Sage advice, especially on the history part. At the current rate, BANXa could be at 2$ before May is through. You can only knock 5-10% a day off any stock before it capitulates. And like so many others, it's time to put up consistent financial results to match the SP. Good luck to any longs, myself included, I think preparing for some red days and portfolio pain might be prudent. Cheers.
Comment by Noscams on May 13, 2021 9:55am
Thankyou you a realistic post .
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