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Re: None

Thursday, 11/09/2017 11:38:48 AM

Thursday, November 09, 2017 11:38:48 AM

Post# of 4782
The current "monster" among blockchain technology stocks is Overstock.com (OSTK). This morning's trade has it above 50 on way above average volume. I see no significant news events, other than the usual pumping on the financial websites. There may be a short squeeze underway.

The amount of money raised for BLKCF is nothing to sneeze at.

There will be many losers and also rans in this technology sector. Nonetheless, start ups will attract lots of venture capital in the beginning phase, which is currently underway.

I would like to point out that at the current pricing, for the sake of round numbers, at 2.50, a tenfold appreciation would make a share worth 22.50. A thousandfold appreciation would be 222.50.

The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.