Banxa Holdings Inc V.BNXA

Bnxa

[arh0070]

The pumpers often disappear when a stock falls in price .Some snake oil salesmen seem to have recently shown up.
Mr market and the "in the know" investors know what's going on ,which is why there is persistent selling .
Two facts are quite obvious ,BNXA is totally dependent upon the health of the Crypto market which is looking quite sick right now .To propose otherwise is total none sense and complete denial.
Don't believe me, look what happens to banks and brokerage stocks when the stock market crashes ,they go down and often more than the market goes down as they are leveraged to the market .
Same for BNXA ,if the cryptos are in a bear market (and I hope that they are not ,technicals also suggest it is not yet a bear market)then BNXA revenues will fall as rapidly as they have risen .
So we watch and wait to see what happens to the Cryptos which have had a rapid and brutal correction.

[AverageJoe]

Although it doesn't make sense at all, the bnxa price is moving with Bitcoin price like a miner whether it makes sense or not isn't important. The market is even ignoring its excellent performance and income which is completely counter intuitive but it is what it is. Anyway I am not selling below its fair value that has been assigned by analyst at some point the fundamentals of this stock