DPW Good Day

Looks like the Crypto run is done.  The traders have made their money and are now out.

We closed DPW for 300% return, not the 3.50 high but not bad either.

Happy Trading...

Crypto Currency ETFs are Coming!

This is awesome, please do your due diligence but Crypto is the future...

Two ETF sponsors file for funds related to blockchain bitcoins foundational technology - MarketWatch

https://www.google.com/amp/www.marketwatch.com/amp/story/guid/AF29F504-BFD4-11E7-894D-668207933F78

Happy Trading...

Follow-on to MARA is DPW

Digital Power Corporation (DPW) saw the start of it's run on the back of crypto craziness.  Held steady all day, then popped right after the close, and it was a short trading day.  This company owns a company that mines crypto.  If you don't know anything about mining in cryptocurrencies or block-chains you just need to know that it doesn't work without machines crunching extremely difficult numbers.  This in-turn requires a significant amount of energy.  If you google anything about mining you will see watts and power cost as a critical factor in determining profit.  This may not be so true anymore with BTC over $8000 but as there are over 900 crypto currencies many aren't in that valuation.  DPW provides efficient power technologies that mining rigs (the term for specialized computers that mine cryptos) that help alleviate the power concern.

Here is the pre-market close chart:

I drew the trend lines and it's also worth noting the RSI was right about 50, so neither overbought or oversold.

Here is the AH chart:

A pretty solid bull-flag after it caught a lot of peoples attention.  Stocktwits watcher jumped tremendously as it was being discussed across the likes of MARA and RIOT today.

We expect a pretty substantial run Monday, and if this sets up like the other Crypto related companies who knows where it will stop.  I'd place a good STOP on this but it held around .80 well today.

Happy Trading...

MARA Trading Follow Through Day 2

As discussed Wednesday, MARA was a pure trader's set-up.  I think it only has something like 7M float and traded 45M shares today up to just over $6.  I know Wednesday the average buy-in was around 1.70.  It ended up around 2.70 in the AH, opened at 3.45 and never looked back today.

Happy Trading...

QCOM Follow-up and a Bitcoin Call

If you purchased Nov 57.50 calls in September as we identified at .75 you made a bunch 'O bucks.  they are over $9 for over a 1000% return.

Feel free to give some of that money away this year!

What's next? Crypto plays, the call is over 11000/BTC by mid 18--long GBTC!

Happy Trading