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  1. Home
  2. / Investing

These 2 Stocks Are for Real

I'd pay attention to CurrencyWorks and Liquid Media.
By TIMOTHY COLLINS
Mar 25, 2021 | 12:41 PM EDT
Stocks quotes in this article: CWRK, YVR, PONGF

Often, we talk about being shepherds of your money. There are times though when we need to be the sheepdog. The shepherd watches over the flock, sometimes from a distance, seeking to guide them. The sheepdog is actively herding the flock, protecting them, keeping a stray from straying or putting the entire flock in danger.

We've moved well past the days of being able to meander as the shepherd in the field, guiding the flock without much worry. Right now, we need to be the dog. As traders continue to flee from growth at any price, a stark contrast to growth at any price, suddenly fundamentals kind of matter. I only say kind of matter because we're seeing plenty of names get sold hard that have demonstrated strong and growing financials.

If you've got a sheep, I mean stock, that you can't corral, it may be time to sacrifice it to the wolves. You can't let a single holding become such a focus of your time that you neglect the rest of your portfolio. It's mentally draining and likely cost you far more in the long run than the short-term loss you may take.

There's a chance one of those stocks might be a recent Meme stock or something NFT (non-fungible token) related. With these, it will come down to what kind of homework you've done. Is it a real company or just a hot ticket?

For instance, I believe CurrencyWorks (CWRK) is a real company. They've developed and successfully sold NFTs in the past. They even announced a new NFT deal today with Barrett-Jackson to do VIN 001 NFTs based on the VIN 001 auction, which is a wildly popular and huge dollar auction of first production vehicles. This year will have:

  • 2021 Ford Bronco 2-Door VIN 001
  • 2022 GMC Hummer EV Edition 1 VIN 001
  • 2021 Ram 1500 TRX Launch Edition VIN 001
  • 2021 Ford Mustang Mach 1 VIN 001

The company has also produced successfully tokens for payment and is involved with the Canadian Securities Exchange for Security Token Offerings (STOs). I believe the STO market will be factors large, 10x to 50x, then the NFT market.

I could see Liquid Media (YVR) having viability as well. It's not the Atari (PONGF) relationship I see with potential but their work in the film, gaming, and entertainment industry. From a non-collectible NFT standpoint, that's the industry that can best implement NFTs in the future. I would guess that is not something that can be created overnight, so traders won't have the patience, but investors might find a winner here over time. It's a high risk, high reward, but if they can craft something meaningful, and I think they can, then this is a name that could easily see its market cap double or triple in the next year. I'm certainly willing to dig deeper here.

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At the time of publication, Timothy Collins was Long CWRK, PONGF.

TAGS: Investing | Stocks | Trading | Media | Cryptocurrency

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