Finjan Holdings Inc (FNJN)

[Ecomike]

Actually considering the heavy market sell off (dollar bottomed and stocks and commodities are in sell off profit taking mode) since late last week and the high beta of COIN, as well as the considerable increase in float that beefed up the cash and book value, it is holding up quite well IMHO.

Only question now is will the overall market bounce back up, or return to the bear market. SPX needs to hold the 1013 to 1019 area or else it is time to be on the sidelines, or hold puts, short, instead of being long.

I don't think the COIN has any serious shorting going on. It is just people panicked about the current market direction selling nearly everything. We are sitting right on the last TA support before the last major bear/bull battle area of 1019 (to 1013).

Long story short, I am holding my stocks including COIN and COINU, and late last week I bought some puts to CMA for this expected downturn to limit my losses.

One thing is for sure, new buying opportunities are showing up in many places.

Let's hope the bulls can hold the line against further declines.