Those Crypto Stocks – Until the Momentum Breaks, the Momentum is Still Up

December 18, 2017-8:02 pm traderscott What We're Trading 2

“Until the momentum breaks, the momentum is still up“:

There were some big-time momentum stocks today. The only buy was in OTIV at 1.89. OTIV was discussed in our premarket comments, along with “our” big group of crypto stocks. That includes MGTI, OSTK, and many others which have been mentioned over and over. So the emotions are flying high, with the meaningless comments about “BTC going to zero” (that one has got to be the dumbest), or the comments about BTC going to 1 billion or whatever. In the meantime we have been trading these, with the first recommendation being MGTI in May. All of this is explained in the video, along with LFIN, MARA, SQ, DPW, GLNNF, RIOT.

 

“ROKU will continue to look for entry points, very strong stock, but back above resistance. Last week we discussed SIEB and the BTC angle. Today it’s OTIV, an Isreali company in a sector I like, payments solutions. The pm high was 3.99, and it’s been in a downtrend (in pm) since.

We’ve discussed VIPS before, interesting company, and now an investment by China’s Tencent, another company I like.

Also, JONE with SOS, all those crypto stocks, INTV, NVAX, of course OSTK.”

 

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About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

2 Comments

    • Halted 16x. Amazing. It has been great for NVDA and MU tho.

      And yes GROW has been a very active stock, like SIEB getting involved with cryptos.

      Reply

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