After a short break, I am back this week to write about which stocks I´ll be watching closely next week.
SRAX: Its recent announcement of an initial coin offering made SRAX spike form the $3 to almost $8 last week. Given the fact that Bitcoin is trading at $9400 this moment, I imagine that SRAX offer upwards potential on Monday too. I´ll be looking for the crash and subsequent bounce though.
RIOT: During the Dot-Com bubble shares would increase in value many times without any reason other than a new “.com” in the company´s name. Today we are experiencing the same with “Blockchain”. Healthcare company “Riot Blockchain Inc.” has spiked from $7 to $24 in a matter of a week. I expect a similar development as for SRAX.
MARA: Yet another company riding the Bitcoin craze. The fact that it owns a coin mining company obviously justifies its value tripling within two days.
EKSO: This is interesting due to the potential of a bounce play opportunity.
GBTC: Here we have another Bitcoin stock – yet this time on the OTC front. It broke out nicely on Friday and I expect it to spike big time on Monday.
APHQF, ABCCF, ACBFF: Finally, in the OTC weed sector there are some nice breakouts which I expect will continue on Monday.
Let´s see what next week will offer.
For coming week there are three sectors I will be watching closely. I expect stocks related to the shipping sector, Bitcoin and Lithium to show considerable volatility.
As already mentioned in my last post, shipping stocks, led by DCIX went crazy on Friday. Does this mean the renaissance of the shipping stocks is there? I may not foresee this. Nevertheless, there will be some nice volatility in this sector in the days to come. Stocks to watch are: DCIX, DRYS, GLBS, TOPS, SHIP & ESEA
While writing this Bitcoin has broken out of the $7500 mark.
Given the recent parabolic move, Bitcoin related OTC stocks will most likely rock on Monday and maybe throughout the week. Stocks to watch are: BTSC, BTCS, GBTC, GAHC, TITXF, BITCF, GLNNF, SING, DIGAF, UAHC, ONCI, PRELF & BLKCF
And finally there are some more OTC stocks profiting from the strong recent performance of the price of Lithium.
Stocks to watch are: LACDF, LRTTF & NRGMF.
Let´s see what kind of opportunities next week will bring. I am very curious.
I have been neglecting writing about the outcome of my last predictions and new watches in general. I hope to be doing so again soon.
Let´s look at my last three watches IMMY, NEOT and SRAX.
IMMY did not perform well and the anticipated bounce came more than a week later.
NEOT on the other hand did bounce a little…
and finally SRAX had its “predicted” green day two.
What has been astounding this week is the comeback of the shippers. One year ago shipping stocks went parabolic with the most infamous stock DRYS going from around $5 to over $120 before crashing. It terms of today´s price level the stock reached a high of $3415747. How does this difference come along? Well, the shares experienced reverse split after reverse split to keep the stock “alive”.
Anyway, on Friday the shipping stocks spiked again fueled by the crazy mover DCIX. Among the spikes were infamous
DCIX going from $4 to almost $20(!!!)…
Let´s see if this can start a new shipping craze.