Hi Guys, I've been buying up this penny stock on news of their move into blockchain, this SA article is no longer public https://seekingalpha.com/article/43...hain-play-for-iot-and-supply-chain-management This is https://www.prnewswire.com/news-rel...n-engineer-to-join-xsigma-defi-301196754.html But the SA article is good, you can find others why the stock is off it's lows. This company literally has a negative PE ratio, and now they are into Blockchain. It's in China, that's the big drawback.. but it doesn't make them guilty by association. I'm not really a stock trader I'm just interested in this same way I liked OSTK 3 years ago and made 100%+ but had to wait several years. What do you more professional traders think?
Neither i am professional. Hey, hmnn, a pink sheet, from china, that used to make pipes & now plans to move into crypto ? Something doesn't sound right here. When those regulations from SEC(?) kicks in (about the ballance sheet etc. of the last 3 years) this is what might happen with them : timestamped
Why waste your time with these marginal plays on Bitcoin? Just buy the crypto mining companies themselves for a direct play. RIOT MARA HVBTF HVBTF is mainly an Ethereum miner while Marathon & Riot are mainly Bitcoin miners. They are down about 20-30% from the recent highs I assume on the SEC regulation of XRP. From recent price action it appears that Marathon (MARA) is the best of the three.