Love to see DM stock double bottom from hereDays like today serve as good reminder to take profits when the opportunity presents itself, and keep a % Of dry powder on hand for opportunities like these.
Quite sure some strong hands that participated in last DM Financing would think it prudent to grab up shares being sold by weak hands today and a way to cut their placement costs.
Another way for those without dry powder that wish they could leverage today’s sub 20 pricing window to their advantage, might be to dollar average contributions into their TSFA if they have held off doing so with this year’s allowance until now....just saying.
Near term catalysts that keep me bullish on DM recovering and excelling after Chinese New Year when this cyclical downtrend in Cryptocurrencies usually reverses and March northward like every other year
Reminder:
(March 2017 BTC doublebottomed off $900 to $1,000.00 & everyone knows what happened from there)
With regard to those calling Cryptocurrencies and Blockchain a bubble, they probably have a point worth noting with BTC meteoric rise fro $1000 U.S. to $20K in 2017, but just using yesterday Super Bowl as our gauge, how many adds did you see in yesterday’s game from Cryptocurrency or Blockchain Companies?
I ask this because in the 2000 Super Bowl, 17 Dotcom Companies had paid $44 million for ad spots.
At the 2001 Super Bowl, just one year later and 6 years since the internet bonanza began, only 3 dotcom companies ran ads during the game.
Days like today I am bullish on stocks like DM from here because of facts like this company has real revenues from Nexalogy to sustain the buildout and integration of verticals like the AI - Big Data + Graph Blockchain.
News any day now of completing their latest acquisition (ShopTalk Analytics)
I like this move for giving the company a footprint in the U.S. market for their Blockchain enabled DataTap point of sale software especially in light of Shoptalk’s alignment with a titan like a McKeeson Pharma.
But the icing on the cake, that will sustain much larger growth in my opinion is the large revenue stream to commence within the next couple weeks (to coincide with the usual end of the cyclical downtrend in Cryptos usually at Chinese New Year?) from DM’ s large scale Crypto mining operation in China with Ronin Blockchain.
I’m longer and even stronger today on DM then I’ve ever been....GLTA