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Bullboard - Stock Discussion Forum Galaxy Digital Holdings Ltd T.GLXY

Alternate Symbol(s):  BRPHF

Galaxy Digital Holdings Ltd. is a digital asset and blockchain company. The Company provides institutions, startups, and qualified individuals access to the crypto economy. Its full suite of financial services is custom-made for a digitally native ecosystem, providing multiple business lines: trading, asset management, investment banking, mining, and ventures. Its trading business, Galaxy... see more

TSX:GLXY - Post Discussion

Galaxy Digital Holdings Ltd > WTF..... why such a low bump
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Post by Cremona on Feb 25, 2021 10:11am

WTF..... why such a low bump

GLXY puts out a pr that says they have increased profits by 650 percent quarter over quarter and GLXY only bumps 6 percent.  Was all this built in...?   I know we all expect it to be more profitable in time but this small jump is very disappointing.....I was expecting at least a 20 percent bump.  Who puts out a report like that and only gets 6 percent bump...... come on,  something is amiss. 

I know this is a lightly watched forum but really,  I don't understand,  help. 

Comments please.
Comment by Wiseinvestor23 on Feb 25, 2021 10:58am
The big positive earnings was expected by most shareholders due to rising crypto prices and the share price has jumped dramatically since its volatile trading between 8-12 a share 4-6 weeks ago. The positive news should  result in more consolidation of the share price in17-20 range short term. However as the company brings in more diversified income, the SP should get to 22-25 range by summer ...more  
Comment by Cremona on Feb 25, 2021 11:19am
Thanks Wiseinvestor23,  you bring some good comments to this forum.   I think  you are right in everything you say.   I have been patient holding for over a year, and always believed in Novo.  A price target in the 22-25 range is very reasonable for this year.  I do hold for long term, as I am not a day trader.   The TSE is one market but it will ...more  
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