Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
New additions to Coinbase
Coinbase logo
New Assets | June 18, 2021 | View Online
Solana, Polkadot, Chiliz, and Keep Network are now available on Coinbase
You can now trade, send, receive, or store Solana (SOL), Polkadot (DOT), Chiliz (CHZ), and Keep Network (KEEP). They are available on Coinbase.com and in the Coinbase Android and iOS apps.
GHMP now up 92% more today!
Increased volume, but still only 16,000 shares to get it to jump that much. When the big boys come in, it will jump even higher!! and faster.
GHMP now up 92% more today!
Increased volume, but still only 16,000 shares to get it to jump that much. When the big boys come in, it will jump even higher!! and faster.
when it doesn't continue to drop back to $232 or so. If it stays at $238 or $240, then we call it. UNtil then, it is a blip, but not a confirmed reversal.
The custodianship can be good or bad. Most of the time, they take over the company, then they do a 1 for 10,000 reverse split to wipe out the old shareholders. Then they add in their new company, which is private now but wants to go public. They give out shares to the owners of the private company (buy that company into this one) and they change the name of this company to the new one and it continues trading.
YOU might hear how wonderful it is, and how this scenario can pop up, and it can, based on the initial news. Then, those who hype the reverse merger sell out before the reverse split, make their money, and leave others to lose. So don't think those telling you how wonderful this is are doing you a favor. It is their M O and "they" make money doing it.
ON rare occasions, the custodian will NOT screw the old shareholders, but most of the time they do, because the old company is gone, so the old shareholders don't have much of a right to make money off the new company. Rightfully so too, as the old owners of the old company (That's what shareholders are. The owners) should lose as the old company failed. This one failed because the founder sold the subsidiary to another firm and left the shareholders high and dry. That's what the lawsuit is about. I lost a lot when that happened, but at least got out with something. Many refused to believe that it was worthless once the soap was sold off, and they held as it went down. Just like some will hold after this rise based on the hype and will see their position depleted by a major reverse.
Good luck to you. Play it if you wish, but be wise and don't be the one stuck at the end.
You aren't up to date on reality with this company.
"Trimax Corporation’s (OTCMKTS:TMXN) subsidiary, Saavy Naturals has been a key player in the organic personal care industry."
Nope. Trimax LOST Saavy Naturals in a foreclosure YEARS ago. SO if Saavy is doing anything, it will benefit its new owners, not Trimax.
Sorry, but this is not even a shell anymore. NOthing left, except the lawsuit over the stealing of Saavy from the investors.
GHMP up another 21% today, adding to yesterday's 20% and this years 100% so far.
Still super low volume, so still not noticed by anyone yet. But they announced another acquisition today, which will immediately increase their revenues AND net income bottom line.
They are building towards a huge company, and still a super low float of only about 1 million shares. And still under the radar somehow, even after going from $0.10 to now $1.81. ON volume averaging about 6,000 shares per day!
WHen it hits, it will FLY, and the move from $0.10 to $1.80 will be small. Take a look!
GHMP up another 21% today, adding to yesterday's 20% and this years 100% so far.
Still super low volume, so still not noticed by anyone yet. But they announced another acquisition today, which will immediately increase their revenues AND net income bottom line.
They are building towards a huge company, and still a super low float of only about 1 million shares. And still under the radar somehow, even after going from $0.10 to now $1.81. ON volume averaging about 6,000 shares per day!
WHen it hits, it will FLY, and the move from $0.10 to $1.80 will be small. Take a look!
They continue to GROW. NEWS!
Good Hemp Enters Into Agreement To Acquire Sacred Leaf
Good Hemp Inc. Logo (PRNewsfoto/Good Hemp Inc.)
NEWS PROVIDED BY
Good Hemp Inc.
Jun 16, 2021, 08:30 ET
SHARE THIS ARTICLE
CORNELIUS, N.C., June 16, 2021 /PRNewswire/ -- Good Hemp, Inc. (the "Company") (OTC: GHMP) announces it has entered into a non-binding letter of intent to acquire Sacred Leaf, LLC, and its affiliated entities ("Sacred Leaf"). Sacred Leaf is a CBD and hemp enterprise consisting of a state-of-the-art processing and packaging center for health and wellness products and a retail business consisting of 5 brick-and-mortar locations throughout Kansas and Texas, 35 franchise locations and more than 50 wholesale accounts nationwide, reaching consumers in the United States, Canada, Central America and Europe.
Sacred Leaf products are some of the highest quality hemp products on the market.
Sacred Leaf products are some of the highest quality hemp products on the market.
We believe this acquisition will be a game changer for Good Hemp.
Sacred Leaf products are some of the highest quality hemp products on the market and are made in the USA. Sacred Leaf's goal is to provide the highest quality hemp derived products to customers in a multitude of ways. It is this principle care that has allowed Sacred Leaf to humbly grow from one location in Lawrence, Kansas, to a franchised national brand with 35 stores in multiple states in just a few short years.
Sacred Leaf products start with patented strains of hemp that are planted in over 1,200 acres of organic hemp fields in the USA. When it comes time to harvest, Sacred Leaf transports the raw materials to a 22,000 sq ft lab where the product goes through a cold-pressed CO2 extraction process to produce some of the highest quality finished product. Each batch is tested before being sent to Sacred Leaf stores across the country.
Bill Alessi, CEO of Good Hemp, Inc., stated, "We believe this acquisition will be a game changer for Good Hemp. Trevor, Sacred Leaf's Founder and CEO, has pioneered, and in our opinion, conquered the CBD retail space in a volatile time and possesses the tenacity to continue that drive into the world of franchising." Alessi continued, "With the potential added retail exposure in CBD specific brick and mortar stores for Canna Hemp and Good Hemp Fizz and 2oh! beverages as well as our recently launched Good Hemp Wellness product line, we don't think we could have found a better partner than Sacred Leaf to streamline our operating costs and gain targeted sales."
The integration of Sacred Leaf and Good Hemp, Inc. could help to strengthen the existing hemp products under the Good Hemp beverage portfolio including Canna Hemp, Good Hemp Fizz and Good Hemp 2oh!. Additionally, the U.S. Hemp Authority certified Good Hemp Wellness CBD softgel product should seamlessly fit into the Sacred Leaf portfolio. Both companies expect to benefit from economies of scale associated with increased collaboration in the health and wellness industry if the acquisition is completed.
Trevor Burdett, Founder of Sacred Leaf, stated, "We are very excited about joining forces with Good Hemp and their partners at Spire Sports and Entertainment. My core focus for 2021 and beyond is to grow the Sacred Leaf brands, that would also include Good Hemp brands, through further franchising and brand exposure. We are a small start-up that did things the old-fashioned way through planning, determination and plain ole grit. It seems Good Hemp operates in the same manner. I look forward to having their support and drive behind me as we continue our strategic growth path.
About Good Hemp Products –
Good Hemp, Inc.'s beverage lineup consists of Good Hemp Fizz and Canna Hemp, functional carbonated beverages infused with natural ingredients and made with hemp seed oil, which is categorized as "GRAS" (under sections 201(s) and 409 of the Federal Food, Drug, and Cosmetic Act, and therefore not subject to FDA review and approval). Good Hemp 2oh! is a line of naturally flavored waters infused with 10mg of THC-free hemp extract and prebiotic fiber. These products are available online from Amazon and goodhempinc.com.
Good Hemp Wellness is a line of cannabidiol gel caps consisting of a fast-acting, proprietary, self-emulsifying formulation aimed at providing consumers with American-made CBD products they can trust.
Diamond Creek manufactures ionized 9.5pH high alkaline natural spring water, sourced from the highest quality, award-winning springs in Ohio, Pennsylvania, and Tennessee. Available in three sizes: 1 gallon, 1 liter and 500 mL bottles. Visit www.diamondcreekwater.com for more information.
Up 60% this month so far .... again.
This company keeps growing, and although the stock is not very popular yet, and trades very low volume, it just continues to go up.
I kept buying, even though my first buy was at $.10, and now my average cost basis is $0.71, but I'm still happy plus i now own a lot more shares. Holding til we get enough good news to overshoot reality, which right now would be about $8 - $10 IMHO. That would be too high. But 41.56 is too low, so still smiling and lovin' it.
GHMP. Up ANOTHER 30% this week. Still on super low volume and not found yet.
Stock is at $1.60 now. Was $1.32 on Friday when I posted this.
<<
I don't post on it often. 8/6/19 at a DIME and then rising to $.28. 9/12/19 at $.40. 12/17/20 a year later at $.85. 4/13/21 a few months ago at $1.02.
Today at $1.32. that's up 13X in 20 months, so yes it is taking some time but a great return!!
It isn't super fast, like some stocks (Although it WOULD be fast if some on this board bought it, since the float is SOOO low), but it is credible and it is steadily going UP.
GHMP was solely a Hemp beverage company six months ago. now it is so much more. They opened up a wellness division, and that is now earning revenues. They bought a bottled water company with a POSITIVE net earnings, and higher sales than their own hemp, so revenues should more than DOUBLE going forward just on that alone. Plus the hemp sales are rising. Then, they bought another company THIS week.
The company is organically growing. And while they do the outstanding is still about 25 million TOTAL, and the float is STILL only about 950 thousand shares. Maybe a little over 1 million after this purchase, but most of those shares if not all will be restricted and not in the float.
Take a look. I think with a little push and excitement, this thing could move as fast as a penny stock, since the float is so low and already pretty tightly held. Volume is low, so a little activity would bump it, as it has done even with only 5,000 shares a day trading. I see this tripling again in the next year, with positive earnings and HUGE growth. But if a group got involved, with the great fundamentals, someone who can talk about it better than I can, I can see if doing a 10X return in days with the right buying. SO again I share it. Rare, but look at my other shares on this stock here from above. A dime. 28 cents, 40 cents, 85 cents. even $1.02. without any concerted effort. Without notice. Without many buyers. With growth, but not noticed. A gem in the rough. STILL. So I tell the board about it again, this time at $1.32
>>
GHMP. Up ANOTHER 30% this week. Still on super low volume and not found yet.
Stock is at $1.60 now. Was $1.32 on Friday when I posted this.
<<
I don't post on it often. 8/6/19 at a DIME and then rising to $.28. 9/12/19 at $.40. 12/17/20 a year later at $.85. 4/13/21 a few months ago at $1.02.
Today at $1.32. that's up 13X in 20 months, so yes it is taking some time but a great return!!
It isn't super fast, like some stocks (Although it WOULD be fast if some on this board bought it, since the float is SOOO low), but it is credible and it is steadily going UP.
GHMP was solely a Hemp beverage company six months ago. now it is so much more. They opened up a wellness division, and that is now earning revenues. They bought a bottled water company with a POSITIVE net earnings, and higher sales than their own hemp, so revenues should more than DOUBLE going forward just on that alone. Plus the hemp sales are rising. Then, they bought another company THIS week.
The company is organically growing. And while they do the outstanding is still about 25 million TOTAL, and the float is STILL only about 950 thousand shares. Maybe a little over 1 million after this purchase, but most of those shares if not all will be restricted and not in the float.
Take a look. I think with a little push and excitement, this thing could move as fast as a penny stock, since the float is so low and already pretty tightly held. Volume is low, so a little activity would bump it, as it has done even with only 5,000 shares a day trading. I see this tripling again in the next year, with positive earnings and HUGE growth. But if a group got involved, with the great fundamentals, someone who can talk about it better than I can, I can see if doing a 10X return in days with the right buying. SO again I share it. Rare, but look at my other shares on this stock here from above. A dime. 28 cents, 40 cents, 85 cents. even $1.02. without any concerted effort. Without notice. Without many buyers. With growth, but not noticed. A gem in the rough. STILL. So I tell the board about it again, this time at $1.32
>>
I can smell $240 coming. Come on babyyyyyyy
GHMP - still going up
I don't post on it often. 8/6/19 at a DIME and then rising to $.28. 9/12/19 at $.40. 12/17/20 a year later at $.85. 4/13/21 a few months ago at $1.02.
Today at $1.32. that's up 13X in 20 months, so yes it is taking some time but a great return!!
It isn't super fast, like some stocks (Although it WOULD be fast if some on this board bought it, since the float is SOOO low), but it is credible and it is steadily going UP.
GHMP was solely a Hemp beverage company six months ago. now it is so much more. They opened up a wellness division, and that is now earning revenues. They bought a bottled water company with a POSITIVE net earnings, and higher sales than their own hemp, so revenues should more than DOUBLE going forward just on that alone. Plus the hemp sales are rising. Then, they bought another company THIS week.
The company is organically growing. And while they do the outstanding is still about 25 million TOTAL, and the float is STILL only about 950 thousand shares. Maybe a little over 1 million after this purchase, but most of those shares if not all will be restricted and not in the float.
Take a look. I think with a little push and excitement, this thing could move as fast as a penny stock, since the float is so low and already pretty tightly held. Volume is low, so a little activity would bump it, as it has done even with only 5,000 shares a day trading. I see this tripling again in the next year, with positive earnings and HUGE growth. But if a group got involved, with the great fundamentals, someone who can talk about it better than I can, I can see if doing a 10X return in days with the right buying. SO again I share it. Rare, but look at my other shares on this stock here from above. A dime. 28 cents, 40 cents, 85 cents. even $1.02. without any concerted effort. Without notice. Without many buyers. With growth, but not noticed. A gem in the rough. STILL. So I tell the board about it again, this time at $1.32
GHMP - still going up
I don't post on it often. 8/6/19 at a DIME and then rising to $.28. 9/12/19 at $.40. 12/17/20 a year later at $.85. 4/13/21 a few months ago at $1.02.
Today at $1.32. that's up 13X in 20 months, so yes it is taking some time but a great return!!
It isn't super fast, like some stocks (Although it WOULD be fast if some on this board bought it, since the float is SOOO low), but it is credible and it is steadily going UP.
GHMP was solely a Hemp beverage company six months ago. now it is so much more. They opened up a wellness division, and that is now earning revenues. They bought a bottled water company with a POSITIVE net earnings, and higher sales than their own hemp, so revenues should more than DOUBLE going forward just on that alone. Plus the hemp sales are rising. Then, they bought another company THIS week.
The company is organically growing. And while they do the outstanding is still about 25 million TOTAL, and the float is STILL only about 950 thousand shares. Maybe a little over 1 million after this purchase, but most of those shares if not all will be restricted and not in the float.
Take a look. I think with a little push and excitement, this thing could move as fast as a penny stock, since the float is so low and already pretty tightly held. Volume is low, so a little activity would bump it, as it has done even with only 5,000 shares a day trading. I see this tripling again in the next year, with positive earnings and HUGE growth. But if a group got involved, with the great fundamentals, someone who can talk about it better than I can, I can see if doing a 10X return in days with the right buying. SO again I share it. Rare, but look at my other shares on this stock here from above. A dime. 28 cents, 40 cents, 85 cents. even $1.02. without any concerted effort. Without notice. Without many buyers. With growth, but not noticed. A gem in the rough. STILL. So I tell the board about it again, this time at $1.32
Hatter
Did you stay in it? Up 300% since we talked, and growing even faster now with the acquisitions. Including one this week.
I think it still has another 300% to go, so I'm still in it, and bought more in early 2021. The $0.40 per share you and I discussed 18 months ago is long gone, but I think the $1.40 level of today will ALSO be long gone in another 18 months. To another triple. So I'm still long, longer than I was when we talked, and hope you are still in too.
I can't wait until some group or whale comes in and sees what we offer. The low float that moves up steadily up and up should continue, and if we can get some momo behind us I literally think we could see $10 per share. Without a momo group we are still going much higher than we are right now, but that would be nice. To see 300K in volume go through in a day. HA. They would chase FAST, since the float is so low, and this really would be a rocket. really! (of course, I've been saying that since $0.55, and we are up a TRIPLE since then even withOUT them, so I'm happy. Just wish we would see them at some point for the fun of the explosion)
NEWS!!
They just posted another 8-K.
<<
Item 8.01. Other Events.
On June 8, 2021, Good Hemp, Inc. (the “Company”) entered into a non-binding letter of intent with SL Zero, LLC, a Kansas limited liability company,
Alternative Health and Wellness, LLC, a Kansas limited liability company, ETCB, LLC, a Kansas limited liability company, Sacred Leaf, LLC, a Texas limited
liability company, Sacred Leaf, LLC, a Kansas limited liability company, and Sacred Leaf Franchising LLC, a Kansas limited liability company (such limited
liability companies collectively known as the “Sacred Leaf Entities”), and the sole member of the Sacred Leaf Entities (the “Seller”), pursuant to which the parties
would use their best efforts to negotiate and execute a definitive purchase agreement whereby (i) the Company would acquire (the “Acquisition”) all of the issued
and outstanding membership interests of the Sacred Leaf Entities; (ii) the Company would pay the Seller $500,000 and issue 2,600,000 shares of Company
common stock to the Seller or its assignee(s); and (iii) the Company would make an offer of employment to the Seller, with a base annual salary of $145,000 and a
target discretionary bonus of an as-yet undetermined percentage of the base salary. In the letter of intent, the parties expressed their intent to use commercially
reasonable efforts to close the Acquisition by August 31, 2021. There is no assurance that the proposed Acquisition will be completed or that the parties will ever
enter into a definitive Acquisition agreement.
>>
This will add MORE revenue to the company, and more profit, as the new company is net positive right now.
I'm short (covered) on 5 June 11 260 calls and 5 June 18 260 calls. Did it for the weekly "dividend " of the covered call money. Need it to go higher to get more income on a higher strike price, and rotating half every two weeks, in case of a bump that takes me out on half. Hoping to walk it up to 320 strike price over time, and also figure im getting about $70 per share in annual income from the calls. A great return even if tge stock stagnated.
Picture if said hat please. Lolol
Been green closes for a long time. Slow, but VERY steadily climbing. I traded at $0.55 in 2019. then at $0.75 in 2020. Then $1.02 in later 2020. Then $1.20 in early 2021. Now $1.35 price. Nice steady climb.
And the underlying company stats show it should continue for years with this kind of steady growth. They are adding new areas to sell, like the water company they just bought and the new fields they are opening up, and they are growing the company from within. All in all, VERY happy to still be a shareholder here, and expecting more double digit per semi-year returns from this company as it continues to trade GREEN.
One of our first institutional investors. yes, things keep looking up. As does the tock price.
Rich dad reiterates Bitcoin at $1 million in 5 years. good for COIN.
<<
Bitcoin prices are headed for their worst month since 2011 — and one prominent investor says that’s “great news.”
“Bitcoin crashing. Great news,” tweeted “Rich Dad, Poor Dad” author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity. “When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment. Remember the problem is not gold, silver, or Bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.”
In April, Kiyosaki predicted in an interview that bitcoin’s price would top $1 million in the next five years. Still, he said he prefers gold and silver as an investment, calling it “God’s money.”
Gold futures are currently trading above $1,900, up 8% this month, while silver is above $28, also up about 8% in May.
Kiyosaki is an outspoken critic of the Fed, the Treasury Department and the Biden administration, calling them “losers” and socialists, and predicting the demise of the dollar.
>>
He's pretty bearish on cryptos.
<<
A cryptocurrency crash will lead to "significant financial repercussions" or even the next financial crisis, according to Brett Heath.
Heath is the CEO of the precious metals company Metalla Royalty & Streaming.
He believes cryptocurrencies are leading to systemic risk amid widespread adoption and never-ending supply.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Cryptocurrencies will lead to the next financial crisis, according to Brett Heath, the CEO of Metalla Royalty & Streaming.
In an interview with Kitco News on Thursday, Heath compared cryptocurrency adoption to financial crises of the past, arguing history may be repeating itself.
"When you look back to the last few decades and all of the financial crisis that happened, they all have a couple of things in common. And one of them is the mass adoption of a new financial product or a new technology that is not very well understood," he said.
Metalla Royalty & Streaming is a pure-play gold and silver streaming/royalty company that offers investors leveraged exposure to precious metals. The company was founded in 2016, trades publicly under the ticker "MTA," and is based out of Vancouver, Canada, according to data from Crunchbase.
In his Thursday interview, CEO Brett Heath noted that prior to the 2008 financial crisis, the markets adopted mortgage-backed securities and collateralized debt obligations. A lack of understanding and regulation surrounding these new financial instruments eventually led to a worst-case scenario.
"Once the public had embraced this new financial product, then it crashed. It was a huge problem that had repercussions throughout the entire world," Heath said.
The CEO believes history may be repeating itself when it comes to cryptocurrencies.
>>
Imagine if someone like BB decided he liked it and put it on his board as a buy. Or pistol Pete or any of those guys. We could see people fighting to pick up 500,000 shares and even though this is not a penny stock per se, I think with ANY player like that coming in this could still be a 10X in a week. Not a short squeeze, but a shortage squeeze.
And better news is that even without them I see this as a huge success as they grow and as they turn profitable in 2022. Still should be a multiple riser. But I wouldn't complain to see it pop to $10 per share in short order with some momo buyers. LOL
It gets better than that. Of those 22 million shares, 21 million are split three ways of 7 million each to insiders, and they can't and are not selling. So the float is not the 22 million. NOr 20 million. Or even 15 or 10 million. Or even ONE million!!!
Float
876,968
AWESOME, for a company growing fast, adding stores, adding product and doing well. No available float, so it is locked even BEFORE someone starts trying to buy some shares up. Small buys makes it move up. Then, it sits there a while and does not go back down. Then, another buyer comes in (And we are talking about 10,000 share buyers. Not 100,000 shares, or a group trying to buy a lot more than that!)
I bought this at .55 and up. Saw it trade there for a while. then .75 to .80 and it sat there for a while. Then 1.00 and 1.02 and it sat there for a while. Today another jump to 1.20 and let's see if it sits here for a while or busts even higher.
It doesn't take much buying with this super low float and the price moves up. Again. And later, then again. Nice to see this thing sit and then rise and then sit and then rise. Another little buying this morning, and another rise. Cool!!
I put in an order to buy 40K shares this morning, after the dip from yesterday's good pricing. they filled me 1,000, 1,000, 1,000, 1000, etc. etc, for 18K. Then did the last 22K. FIlled all 40K, but weird way to do it.
What's the normal spread?
Arbitrage situation??
Added at $226.60 again this morning. Almost doubled my position, and now no longer can buy more. Over invested, but this price seems too low.
Up 34%. I'd say something is floating in the air out there.
Everyone talks about how bitcoin is getting more mainstream. Just read this though. Wow. Not much of an increase from 2016 to 2021. granted the PRICE is much much higher. But the USAGE is not growing as much as expected. That may be needed to sustain the price increase. I take this as a bearish sign.
For bitcoin, not for Coinbase!
<<
In 2016, the average number of purchases made with bitcoin cracked 200,000 a day for the first time. Five years later, that figure is only modestly higher. There have been an average of 270,000 transactions a day in bitcoin in the past month, according to Blockchain.com, and that likely includes many transactions in which one bitcoin investor is trading bitcoins with another.
It's hard to say how that compares to the number of daily transactions conducted in dollars. However, there are nearly 110 million credit card transactions alone in the U.S. per day. That suggests the number of bitcoin transactions amount to a tiny fraction of overall consumer spending.
>>
"The bubble may be bursting
As I write this, Bitcoin is trading just above $35,000. "
And now it is up about 17% in the 36 hours since he wrote that.
Any time something drops, people come out of the woodwork to say it will continue to drop. That's why no one wanted to buy real estate in 2010, when houses here were selling for $90,000. Now, with houses selling for $350,000, everyone wants to buy them. For the same reason. When it goes up, people think it will go up forever.
Nope, things fluctuate. Up AND down. And in the case of Bitcoin, down AND up. and as it does it, the volatility means more movement of buyers and sellers. And more revenue for COIN.
"If prices of cryptocurrencies continue to crash and don't recover anytime soon, why would all these people keep paying exorbitant fees to Coinbase to trade?" They wouldn't/ IF cryptos continue to crash. Up from $30K to $40K in 2 days says the crash is not continuing. Volatile? Of course. Straight down crash? Nope.
You can make a case for cryptos to do nothing but go down from here. You would be wrong. You could make a case for cryptos to go straight up from here. YOU too would be wrong. They will vacillate. Rock back and forth. And as they do, COIN will be trading the coins for people, making commissions. A perma-bull is just as wrong as a perma-bear, but listening to either one is bad advise. Because they see things as never ending in one direction. For instance, if the day temperature is 30 degrees in January and 60 degrees in March and then 90 degrees in July, they could use that as proof that by the next January the temperature would be 150 degrees! Because they think things going in one direction will continue ONLY in that direction. Sorry, but this guy is thinking too simplistic. Too linear. And he is wrong.
There's more.
"Katri is convinced the stock will go to $275 within a year (~20% gain) and, as such, he gives it an Outperform (i.e. Buy) rating."
Plus,. he is the LOWEST number of ALL the buys that have put numbers on COIN for a year from now. Others are at $350, $400, and even $500. (ANd of course, we have our very own on this board who says it will be $1,000 by EOY. Hoping HE is RIGHT!!)
So nice that he is bullish, but in reality he is the least bullish of all the analysts who say to buy it. And I truly think he is LOW with that number.
Think about it. If they earn $9 per share in net earnings, a price of $275 is only a PE of 30. With the growth they have, in the industry they are in, do you think they will sit on a PE of 30? I think that is low. Very low. But he can change his price higher when it hits $275, and still be considered right.
You think it could short down to $50? You do realize that the quarterly earnings that just came out were over $3 per share net positive, right? And that is for the QUARTER.
It would have a P/E of about 5 if it were that low. It is an amazing growth company and you think it could drop to a PE of 5??? If it earns $10 per share in earnings for the year, even at $250 that is only a PE of 25. Very low for this growth and this industry.
I think it is a falling knife right now, so people are scared of it, but when it turns it will be a V, not a U, and we are going back up. A LOT. And soon.
I see some green in our very near future. Finally. Been too many days of nothing but red.
"will be under $100 by end of summer "
Not a chance. earnings just came out at $3 for the quarter. If they are $10/share for the year, you are talking a crypto, a growth company, and you think they could drop to a PE of 10?
Not going to happen.
Yes, it looks ugly now, but it will turn. Earnings and growth will dictate it.
From your post. Copy and pasted from it. lol
"While analysts believe revenue could exceed the combined revenue of Intercontinental Exchange and Nasdaq, they do not believe that current price could justify investors owning shares"
And yet all but one of the analysts who have put their stamp on the stock have come out with a higher price estimate than current price. One just this week saying 50% upside from here. So if the analysts (plural) that follow the company say it is a buy, how can the article say the "analysts" do not believe in the price?