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SOS

SOS UPDATE 4/20I picked up a few hundred shares when SOS fell bellow $4. Awesome mid-day rebound. Today's News: SOS Enters into a Purchase Agreement for 575 Ethereum Mining Rigs with 400 Giga Hash Rate Capability. Mr. Yandai Wang, CEO of SOS, commented, "we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond". markets.businessinsider.com www.nasdaq.com
NYSE:SOSLong
by SPADESASSETS
3
SOS Is Criminally Undervalued and due for breakout.It's obvious that SOS is very undervalued currently sitting at $4.35 at the time of writing this. With 15,000 total miners going operational in April they will already have more active miners than $RIOT who has been in the crypto mining game for far longer than SOS. Obviously this isn't a great comparison as Riot has less diluted shares and better miners yet the difference in price of the two stocks is much more significant. SOS has approximately 2x the share float of Riot yet is sitting at 1/8th the price. In my conservative estimate, SOS deserves at least 1/3rd the price of Riot giving a price target of $15 for SOS with more upwards movement possible. 🚀 I believe it is due for a huge breakout soon.
NYSE:SOSLong
by xLucky900
4
SOS Descending TriangleI know a lot of people on this name. In a descending triangle and 63% of the time that a price rises up into this pattern, the price break above this pattern. So odds here, 63% on a break above. The implied move on this break above would be 9.48pts. Support lines in green. I want to see the blue downtrend line break with a daily candle close and the candle get above the red bollinger band. This is not something SOS has been able to do in quite some time as you can see the red Bollinger band has rejected it multiple times. This will allow you the best low risk, high reward set-up. GL
NYSE:SOS
by MarketMotion
Update Part 4 SOSFor all the SOS fans out there. Here is what im predicting and seeing: - Current movement is looking good after the stock offering. The price itself does not bother me as im a long holder of this stock with a current average of $6.02 and will be dumping a lot of cash if it drops to $4.30. - News can change my prediction but all these lawsuits dont bother me as its normal for all these firms jumping on these opportunities. - The block-chain large data base that they are working on if incredible. This to me will be $100+ next year. - I believe that SOS adapts for the future and not just for the present. - Seeing the other major block-chains at the price that they are at, is a bit funny considering there is no indications of future projects which to me is not a great investment. For example Tesla is not at the price it is just because of his cars but what he sees for the future and that to me is why I and others invest. - Im not a fan of pump and dump and every stock that I have ever invested in I have never fully closed my position but reduced it for the long term account. I am not a financial advisor and request you do your own research. Please let me know what your thoughts are on my point. I have attached a video I watched explaining the big data project for your research... this is not an exact indication but he has a great point on this matter.
NYSE:SOSLong
by Serbbandit
2
SOS UPDATE 3/30/21 I sort of panicked this morning...All of my followers know that I have been bullish on SOS ever since February. It's been a battle against the bears and it's not like they don't have any valid points about this company's transparency, but I just hate having to see this stock go down even after good news. Today's catalyst was SOS is issuing new warrants to raise capital for their Crypto Mining Operations, thus diluting the stock and investor interest. Anyway, I just hate having to see the price teeter totter because it gives me less TA information to work with. All I can do is draw a new resistance point at $4.50. There's not much fundamentals to work with either due to the fact that this company has only re-branded itself just recently, and the Crypto Industry as a whole is still highly speculative. But if you're here looking for reassurance, and you are still holding onto SOS like am (I'm down 50%) this is what I have to say: Fundamentally this Chinese company hasn't proved itself to be a ten bagger, yet. Personally, I believe this company is totally overvalued due to the limited information available, but I also believe this company is undervalued compared to the competition. Additionally, the number of shares outstanding for SOS stock are low in comparison to say RIOT and MARA which too are diluting their shares with warrants. Best case scenario: SOS gets all of those 15.5K miners active, online, and operational by the end of the month. Then, hashing at an average-rate fast enough to mine 41 BTC (353 Peta-Hashes/s) and 909 ETH (707 Giga-Hashes/s). At the current price levels today, that would be equivalent to about : $4055200 in mining revenue USD. - ( SOS's Expectations: service.sosyun.com ) by the end of Q1. But then let's also say the price of BTC and ETH remain around these price levels for the rest of the year (which I doubt). That' would be 20 Million (more or less) in revenue for the year 2021. Because I'm bullish on crypto as a whole, I am fully confident that SOS will outperform expected earnings. Only time will really tell. I can see SOS hitting $20 by the end of the year, but I can also see it going down. And at that point I will continue to hold and buy more unless there is concrete evidence that SOS Limited. is indeed a fraud and it'll just be an expensive lesson for everyone to remember. I apologize if this wasn't reassuring enough, but as intelligent investors we have to stick with facts and not stimulation. Of course I wished I had waited just an extra month before I had jumped in and bought a large amount of SOS stock, but I do not regret it. I would love to hear other people's opinions in the comment section.
NYSE:SOS
by SPADESASSETS
6