I still am optimistic about BNB doing ok down the track.
I was super optimistic the market would like the BNB deal that has been done with the banks.
But the market is never wrong and it spoke loudly.
Those sellers seemed to not care what they got for their sells....they were dumping all day...amazing.
It will settle somewhere but we have no idea where, what its worth or where its headed....but since we have seen it hit 57 and then 25 today....you gotta admit...sentiment is not very good.
Maybe it was a shorters rally when it relisted that first day.
I'll hold my small parcel but wait to see where it comes to some kind of support.
BNB Price at posting:
25.5¢ Sentiment: None Disclosure: Held