|Day Low/High||10.17 / 11.48|
|52 Wk Low/High||1.47 / 20.08|
Small, aggressive traders are doing so well with the chasing that they are likely to continue for a while.
They are Rivian and Lucid, with Chanje close behind.
SPACs aren't just going to collapse. Also, here's the story of a reverse merger that trades like a SPAC.
The good news is that there's some dip buying support and several 'hot pockets' of strong speculative action.
We saw with Net Element the danger of leaving a position before it's ready to run; now let's scope out Perceptron.
The lesson I learned with Net Element is make sure you add in a component to your trading beyond emotion.
I'd really love to see management step up and remove the confusion around the upcoming merger with Mullen Technologies.
Their upside may mean more limits to the upside of other players in the market.
Both Net Element and Spartan Energy are related to the EV market.
Here's my approach on Net Element as it enters a reverse merger agreement with EV company Mullen Technologies.
Don't mistake a fear of missing out for a fundamental change in the industry.
The EV market is nowhere near saturation yet. I believe we'll have some additional expansion before we begin to see takeovers.
Those fickle traders! Riot Blockchain down another 10%, Digital Power Corporation off 25% from last week, Net Element -10% and Crypto Co. CRCW hasn't yet reopened -- as speculative money moves into the marijuana space.
The applications for this distributed ledger technology are endless.
Many experts are predicting that the bitcoin-related frenzy will die an ugly death, but there are a couple things they are missing.
Indexes hold steady after House passes tax bill for second time.
The indices are due for some corrective action but I'm keeping a positive bias as far as trading in individual stocks.