Short
UNDERSTOCKED? Blockchain Hypetrain Derailed
NASDAQ:OSTK had a big big run into the winter with blockchain and ICO talk.. tons of new money jumped in thinking it would be the blockchain darling of the street... No real earnings and the tail-wind risk of being a 'blockchain only' company puts a lot of risk-on when holding that.. it seems to move at the mercy of the crypto markets.
Right now crypto & bitcoin market caps are bleeding in a overdue correction, couple that with the SPY & NQ pullbacks today and i can see this re-tracing back to $51 and $42 potentially.. Long term i think they can find their footing but the $80 valuation was nutty
Right now crypto & bitcoin market caps are bleeding in a overdue correction, couple that with the SPY & NQ pullbacks today and i can see this re-tracing back to $51 and $42 potentially.. Long term i think they can find their footing but the $80 valuation was nutty
Transaction en cours
larger H&S here going to play out
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.