Post by
Arbutus22 on Mar 29, 2021 8:32pm
Musings on Share price drop
Low volume, sp taking a bath, what's driving this? My guess: late filing of financials causing uncertainty, leading to fear based selling. And the lower sp drops, the more fear, the more selling. Low volume speaks, well, volumes, ie., panicked ew sellers. I've been slowly averaging down. The company has been releasing nothing but huge numbers. Unless, there is a fundamental unknown (which is highly unlikely as company must report any material events), sp is big time disconnected from value. And today, Visa announced it is accepting payments made via USDC, the first crypto coin accepted on Visa. Reading between the lines: payment via all crypto coins is growing by leaps and bounds. GLTA
https://www.businesswire.com/news/home/20210329005171/en/Visa-Becomes-First-Major-Payments-Network-to-Settle-Transactions-in-USD-Coin-USDC