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As the market closed on Tuesday afternoon, only three companies listed on the Nasdaq exchange had a common share stock price below $1. When the market opened on Wednesday morning, there were none. The last three stocks to regain the $1 threshold were: China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC) Luokung Technology Corp. (NASDAQ: LKCO) Acasti…
Corporate Universe, Inc. (OTC Pink: COUV) has been soaring to new highs lately. It’s part of a larger trend where dozens of stocks, in the typically illiquid OTC markets, have come to life in recent months. At the beginning of December 2020, COUV was trading near $0.02 per share. Yesterday it closed at $0.84, an…
The bubble market madness continues. On February 8, there were so many plays I literally couldn’t keep up. The number of hot OTCs was CRAZY! Just after 2:30 p.m. I looked at my top percent gainer scan and saw 16 hot OTCs up over 50% on the day. Another four OTCs were up between 44%…
I LOVE this bubble market. There are SO many plays I can’t keep up. Last Friday I had 30 — yes, 30(!) — stocks on my watchlist. I can’t remember the last time I was watching that many stocks. But… Pay attention because this is important… Bubble markets burst. This can’t keep going forever. So…
In a Monday morning filing with the SEC, Tesla, Inc. (NASDAQ: TSLA) disclosed it had purchased $1.5 billion worth of bitcoin. The electric car maker stated its desire is to “diversify and maximize returns” on the extra cash it had on hand. Shortly after news of the filing broke, bitcoin spiked to new all-time highs…
On Thursday, in separate cases, regulators and prosecutors touted new charges in a “Ponzi-like scheme” and a major conviction for fraud at a cryptocurrency hedge fund. The SEC unveiled new charges against GBP Capital, a New York-based alternative asset management firm. In a press release, they alleged the firm was “running a Ponzi-like scheme that…
One of 2020’s hottest market trends was SPACs — and Chamath Palihapitiya, AKA the SPAC King, helped pave the way. SPAC stands for special purpose acquisition company. It’s a nontraditional way for a company to begin trading publicly. The SPAC has an initial IPO and sells shares to raise capital. The capital raised is then…
‘Buy the dip’ is our generation’s ‘buy low, sell high.’ Both can be good approaches to the market. But neither has stopped traders from blowing up their accounts. So today we’re gonna unpack the buy the dip meme. I’ll show you what a dip looks like on a stock chart. Then we’ll talk about how…
I’ve gotta shout it out because this guy is so humble … I’m SO proud of my student Kyle Williams, who just passed the million-dollar profit mark.* Kyle’s been trading since 2016, and he’s definitely had some ups and downs. In fact, he wasn’t profitable at all for his first 18 months of trading. But…
