Post by
arh0070 on Mar 11, 2023 9:52am
Silicon Valley bank/Jim Cramer
I read today that the Silicon Valley bank which went belly up on Friday was touted by Jim Cramer on CNBC a month ago .It turns out that it was a very large bank (10th in the USA I think).There may be more contagion as I read that another Crypto company had 4 billion dollars of the stable coin USDC in this bank .USDC went slightly below 1 $ which is not a good sign .
I dont listen to Cramer ,one is more likely to make money if you do the opposite of what he says just like Urbani,Moneywise Vancity and all the others who aggressively touted bnxa at 8$ a share And have now disappeared.
I have noticed that BNXA has not made any announcements about new products in a while .Mr Carosas twitter account is denying routine access as I noted before .
Trading extremely low on the pink sheets ,3500 shares of bnxaf were sold at the close on Friday dropped the price to 16.5 cents which is the lowest in a while.
These "straws in the wind" look very ominous to me ,uncertainty in a stock and lack of definitive news rather than unfulfilled promises is always very difficult .This is is just my personal opinion as a private retail investor .
Stock market had a bad day Friday ,Monday will be difficult .Gold did well Friday .