Hey everyone. Here's a dirt cheap stock that's still down 88% (even more measured from the wick) from the 2017 mania. If you want to leverage a small investment without taking on the cost and risk of margin trading, this may be your ticket.
This has already been good for one great trade using the 5 period RSI system from my previous ideas and it stands to be a 10+ bagger if/when it returns to its ATH. The challenge is that you have to be in position for the move when they announce earnings. Unlike other blockchain and crypto stocks (i.e. Grayscale) it doesn't really correlate to daily crypto price moves. This one is more earnings, news, and sentiment driven.
There's no guarantee that December was its low point, but that can be said for the entire crypto market. Considering the majors have risen 300% and beyond, I think the risk is to the upside with this.
Not financial advice & do your due diligence.
This has already been good for one great trade using the 5 period RSI system from my previous ideas and it stands to be a 10+ bagger if/when it returns to its ATH. The challenge is that you have to be in position for the move when they announce earnings. Unlike other blockchain and crypto stocks (i.e. Grayscale) it doesn't really correlate to daily crypto price moves. This one is more earnings, news, and sentiment driven.
There's no guarantee that December was its low point, but that can be said for the entire crypto market. Considering the majors have risen 300% and beyond, I think the risk is to the upside with this.
Not financial advice & do your due diligence.