Post by
arh0070 on May 11, 2021 10:05am
BNXA
Same old song from Urbani as share price heads to 4$ US .He has been consistently wrong for several months in his attempts to pump the stock .Pretty typical track record for pumpers on these bulletin boards ,small retail investors listen ,buy a little and then loose money .
The principal problem for Banxa has been selling and virtually no buying .Urbani buying 100 shares hasn't pushed the price up .Yesterday two relatively big blocks were sold around noon .One between 30-50,000 shares and one somewhat lower .Otherwise virtually absence of buying .
Cryptos had a flash crash yesterday with Ethe dropping in a heartbeat from over 4000$ a unit to 3600$.Decided to sell some of my Ethe yesterday which was purchased at 207$ a unit.one of the people who is an excellent technical analyst of Cryptos is predicting we are close to a top.If you look at the chart of Ethe its parabolic.Nearly all the you tubers talking about Cryptos are bullish ,a bad sign .Technical analysis including Macd,rsi,fractals ,Fibonacci retracements and Elliot wave theory all seem to work incredibly well in Cryptos .
Since Urbani and Van city are clearly so close to Banxa management ,I would be interested to know in the next quarterly report the breakdown of revenue versus geographic area ,ie how much revenue in North America ,versus China /Asia and Australia /Europe .I suspect based on the companies Banxa does business with it is mainly in Asia and China .
Comment by
Erazzarmus on May 11, 2021 11:29am
Banxa's business model works off of transactions...more people, more businesses, more potential transactions...Asia has approximately 8x the population of North America...
Comment by
AverageJoe on May 11, 2021 11:55am
Banxa Thanks you for the commission when you sold your Crypto! That's the beauty up or down doesn't really matter, they make money either way! I'm holding my core on this stock, Crypto is not going away and neither are the commissions