Bitcoin Miner Greenidge and $SPRT Announce Merger AgreementBitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. (Nasdaq: $SPRT) Announce Merger Agreement
Greenidge expects to achieve calendar year 2021 EBITDA in excess of $50 million and a run rate in excess of $160 million of EBITDA by Q4 20221
Hashrate of 1.1 exahash per second (“EH/s”), which is expected to grow to 2.6 EH/s in 20222
Based on its current buildout and expansion expectations, Greenidge expects to have at least 500 megawatts (“MW”) of mining capacity by 2025, compared to 19 MW today
Support.com, Inc. (“Support.com”) is expected to provide Greenidge with an estimated $33 million of additional cash.
Pro forma for the merger, the combined companies currently have over $70 million of net cash
Upon completion of merger
The merger is expected to close in Q3 2021
Greenidge is expected to be the only U.S. public company operating a vertically integrated power generation asset and bitcoin mining operation.
www.businesswire.com
Techstocks
W-Pattern for Tesla? Could be a nice w-pattern forming, which would break us out of this falling broadening wedge.
The higher low would confirm the W.
We got rejected at the 50d MA just recently, but we might test that again soon.
$ZKIN Eneters Non-Fungible-Token Market Projected at $1.3 BZK International's Subsidiary, xSigma Eneters Non-Fungible-Token Market Projected at $1.3 billion in 2021 as it Announces the Launch of its "NFT" Platform on Ethereum and Polkadot Blockchains
The new platform being developed by the developing team at xSigma labs will be an NFT marketplace, which will allow users in the community to buy and sell NFTs, as well as to create their own custom NFTs in a few clicks.
xSigma plans to use multiple blockchains behind the platform, such as Ethereum and Polkadot.
xSigma plans to attract various artists and talents on an exclusive basis to its platform.
Previously, xSigma was able to attract NBA Champion Dwight Howard, to endorse its DeFi project and it hopes that the new marketplace will be able to attract similar celebrities to its new NFT Platform.
What are Non-Fungible Tokens?
Non-Fungible Tokens are easily exchangeable and individually unique digital assets which are held on certain blockchains , mainly Ethereum but also others such as Flow, Wax, and many others.
One of the key differences between Cryptocurrencies and Non-Fungible Tokens is that every NFT is completely and not directly interchangeable with any other asset by identity, value, and/or utility .
Every Non-Fungible Token is composed of metadata which gives each one their individuality, these attributes can include size, artist name, scarcity etc. NFT not only exist in a digital space but crucially they can also represent any type of physical asset, acting as a kind of 'digital twin' to anything existing in the real world and enabling the ownership and exchange of physical possessions within digital marketplaces.
the total market cap for project-based NFTs finished was $338 million at the close of 2020. Messari research analyst Mason Nystrom believes this figure could rise to more than $1.3 billion in 2021." The report goes on to indicate, that it is predicting that 2021 is poised for "a new Bull Market in the NFT industry."1
finance.yahoo.com
AI - Bounce to $120 ComingI like it.
Long-term seems like a good hold. Well diverse AI company providing intelligence across many sectors from banking to utilities to healthcare.
Short-term, looks oversold some bullish divergence. Could bounce back to $120-125 range. Could it go higher? Only if rest of momo and tech stonks follow.
It is a short term bounce play for me.
If you really want to test your wife's love for you, sell her ring and dump it into Ai.
PLTR: Buy setup - watching for the b/oJust a follow up to my last post. It has broken out of the diagonal like structure. Technically if it is the end of the bigger correction, then we should see a run to the high. Look's like a good one to me. How's it look to you?
Is HIVE about to breakout of a Bull Flag?It appears as though Hive is slightly breaching the downward sloping resistance of a Bull Flag, recently there was another fake-out to the downside of the horizontal baseline of support but the sp has created a higher low on top of the rising channel for a second time where I have placed the blue fingers.
The RSI is already breaching the downward sloping resistance of a similar pattern.
On the KST there has been a bullish cross, you need to zoom in close to get a clear view.
The chart linked to this chart displays a slightly different narrative, it displays the sp is trading inside the rising channel on the verge of breaking out to the upside.
Interesting around 20If it reaches 20 levels i'm selling some puts on this stock willing to get assigned.
A great company which could survive all weatherThe market turmoil in Feb has eroded a lot people's bank roll, so as to the market cap of tech companies in general, some are extremely good ones.
AMD has evolved themselves from the shadow of intel and became a key players in the IDC and mobile market...its last finance report has shown a lot of traits that they are on the uptrend to become more dominant than ever.
Its share price has dropped from the recent high of 90s back down to mid 70s range has given us a great opportunity to load up.
While the recent turmoil has broken the upward tunnel briefly but it has recovered and built extremely strong support at 74 dollar level.
I would personally stock up at 82-83 dollar range and strong hold until it hits its recent high at 100 range...setting cut loss at 73.5 still give us a fair 2:1 risk reward ratio.
Looks like Apple is breaking out on the daily chart!! Yum yum!!It's sweet to see the behemoth of ESG, Apple, perking up and breaking out! I've bought calls for September 2022 because I think that this stock is going to yum yum heaven, more and more so as it approaches the release of Apple car. The company's goal with their supply chain for all products is to be completely closed loop, using only materials from their old products. Now, that's ESG!
Apple seems like a great long hold. REMEMBER it's not just iPhones... it's a severely underpriced electric vehicle company!
Not investment advice 😊
PS: Should I sell my signals? Would you buy them? Comment below
$SGLB Signs Agreement With Lockheed MartinSigma Labs Signs Agreement With Lockheed Martin for Its PrintRite3D(R) In-Process Quality Assurance Solution
Sigma Labs has been awarded a contract for an initial system of its PrintRite3D in-process quality assurance solution by Lockheed Martin Space Additive Design & Manufacturing Center based in Sunnyvale, California.
finance.yahoo.com
VISL chillin in historic channel, where will it break?Will we finally see VISL break up and out of this channel? It's been a relatively consistent area of support/resistance. With several potential catalysts to consider here (5G, general broadcast, telecom, esports) it will be interesting to see if these tailwinds act as a stronger catalyst.
"While it will likely focus on some as it relates to 5G penny stocks, esports could be another facet to consider. If you sift through some of the company’s blog posts, you’ll notice that Vislink’s partner, NEP Sweden, covered the “BLAST Premier Spring Series” last year. This is an international esports event featuring the world’s top esports teams competing in the first-person shooter game series Counter-Strike...NEP filmed the event using Vislink’s HCAMs feeding into a ULRX-LD all controlled by Vislink’s FocalPoint Camera Control System. While no further esports-related updates have come about from the company, a surge in the excitement surrounding esports could be something to take note of."
Quote Source: Hot Penny Stocks To Buy Now? 4 To Watch After Roblox (RBLX) IPO
QUALCOMM (QCOM) Buy Signals on D1.QUALCOMM (QCOM),D1: Mirror level + Bollinger bands + Harami/Inside bar + Oversold + Discount
NQ1! - Not out of the woods yet...NQ has found itself in a down trending channel as of lately...
while we were able to enjoy a nice green day yesterday, taking a step back and looking at this 4hr chart (1D too) we can clearly see the downtrend as well how that Green Day made sense within the bigger picture... Currently we are flagging right above that thicker solid black line.
Bullish View - if you are looking for higher prices in the market then we want NQ to hold this line. currently it looks to be flagging a bit IMO which is good...BUT we still haven't crossed any point yet that would deem this to be any kind of reversal (nor have we had a chance to hold this line through an actual trading day).
*we actually did hit a bit of a double bottom on that thicker green line...although I still wouldn't consider that alone as verification to a trend reversal..it's nice that we broke above that black trend line...holding and pushing here is the goal.
Bearish View - If you're ready to make more money shorting the market then you want this black line (and upper trend line) to prove as a strong resistance once again so that we can retest the thick lower green line as NQ looks for a bottom at that point.
What do you think?
Do we have lower or higher coming up in the near term?
what events are you looking for that could propel the market down/up?
BIDU - neutral possibility BIDU is a ticker that has recently been beat down. Looking at the four hour we can see that its in a falling wedge, a bullish pattern. we have a cross on on the MACD and a TTM that shows an increase. short term still seems a little bearish and an inverse cup and handle can be seen however it seems that tech is making a strong come back and hopefully that continues.
Im thinking we might see some sideways action for a little bit, bouncing up and down.
Bullish Flag for OSTK?OSTK appears to be consolidating into a giant bullish flag drawn in blue.
On the KST there was a bearish cross where I've placed the red upward-pointing finger. I have placed a blue question mark to represent where a bullish cross is potentially going to occur near term.
It's always possible this pattern plays out bearishly as a descending triangle, and if that happens the horizontal baseline of support will be broken to the downside; expect the red lines below to act as support areas in the event of a fake-out.
JP Morgan has filed an application with the SEC to issue notes for a new investment product.
The new basket dubbed “J. P Morgan Cryptocurrency Exposure Basket” will track the equity of publicly-traded U.S companies that are either “directly or indirectly” invested in Bitcoin and cryptocurrency-related efforts.
Overstock is one of the companies on JP Morgan's list.
PTX very interesting , cold break all time high.*** This is just for educational purpose. It is not an investment advice. I am just sharing my own analysis.
Thanks for watching. Follow if you like.
:)
StockMarket Update (#9) : Choppy Market with Sector's RotationsHope this idea will inspire some of you !
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Phil
What Analysts Got Wrong about the Recent Volatility.Since I'm not a professional analyst, I've sunk many hours of research in the past week to understand the recent move in the market on a deeper level. Here are my findings. I hope you find this informative.
I've been hearing different analysts' opinions about the recent move in the stock market. I heard the money is moving from tech stocks to banks, or from growth stocks to value stocks. I'm here to say that neither is true. NASDAQ:GOOG is a tech stock and it's been rising. NASDAQ:COST is a value stock and it's been falling. Observe different stocks and you'll find numerous examples. The recent move is rather about companies in debt vs companies with free cash flow . It turns out that when interest rates are raised, it can be predicted with certainty that more money is going to flow into servicing existing debt rather than into productivity. Watch this talk with Brent Johnson to understand this concept, minute 50 to 60. Banks, who recently had their debts quantitatively eased, have more room to buy corporate bonds from companies like GM and Ford. This debt is used to service older debt. The big money, which understands this debt-based economy well, knows precisely where value is going when interest rates rise. Big money used their tried-and-tested calculations and decided to move their investments from free-cash-flow companies, to debt-generating companies. That's what's been happening, and that's the reasoning behind it.
However, there is a point the smart money is missing and they keep missing it and never learn. There is much more value to reap from technology and innovation than there is in loan interests. This value of tech is not priced into their tried-and-tested calculations. It's probably too uncertain for them. But realize that when companies like Amazon, Apple, Google, Facebook, and Tesla create value through technology, they are carrying the rest of the useless debt-generating economy on their backs and creating prosperity for the entire nation and for the world. Real value is in productivity. The United States has moved slowly after WW2 from an industrial exporter to a liquidity and debt exporter of sorts, which also reflected on the US's internal economy. And that weakened the industrial sector over the decades and bubbled the financial sector to an overwhelming extent that it's sucking more and more money from productive businesses and pouring it into existing debts with the purpose of buying more time. The retail investor should learn and understand this in order to position themselves with high conviction on the side of technology and simply hold stocks like Tesla for a decade. You are already benefiting the economy by saving money aside and putting it in the right place and of course the reward is high.
Let me know your thoughts. I probably made mistakes and left some statements in need of more elaboration.
NNOX. This is the bottom for this small-cap stock. 10:1 RRR.NASDAQ:NNOX is a stock I heard about from Deadnsyde . I don't know about fundamentals, but this looks like the bottom if you're interested in growth-potential low cap tech stocks. RSI has reached an oversold territory, its lowest ever. As a rough estimate, this trade presents an opportunity of 100% return in one month versus 10% potential loss.
TITAN - 5G - Lumen Tech. $LUMN - The 4th Industrial RevolutionI am ultra bullish on Smart cities, AI, edge computing, 5G/6G telecommunications, cybersecurity and AR/VR. Lumen Technologies (CenturyLink) seems to be a sleeping giant that checks all those boxes. Lumen is facing a similar situation as Nokia and Blackberry as value company which is about to enter a second growth cycle, and like Palantir Technologies, it is facing a situation of massive short selling pressure during institutional accumulation. The ruthless manipulation after earnings beat signals to me how bullish institutions are on the company, and the overwhelming (unreasonable) bear sentiment signals that the shakeout is upon us.
FA:
Highlights: "Lumen Technologies is the only company to win Frost & Sullivan's prestigious 2021 Global New Product Innovation Award".
Who are they?
- "Lumen brings together the talent, experience, infrastructure and capabilities of CenturyLink, Level 3 and 25+ other technology companies to create a new kind of company—one designed specifically to address the dynamic data and application needs of the 4th Industrial Revolution." - Company website.
- Already is the global leader for fiber network. Lumen has the largest ultra-low-loss fiber network in North America with 3.5 million miles of high-capacity.
- Owns the world’s most-connected CDN (Content Delivery Network).
What do they do?
- "Lumen is an enterprise technology platform that enables companies to capitalize on emerging applications and power the 4th Industrial Revolution". They are focused on the 5G/6G sector, which I speculate will see explosive growth soon.
- "We integrate network assets, cloud connectivity, security solutions and voice and collaboration tools into one platform that enables businesses to leverage their data and adopt next-generation technologies."
- Focused rebranding for edge computing solutions and 5G sector.
- Lumen has partnered with VMware to develop cybersecurity software: Distributed Denial of Service (DDoS) Mitigation, Web Application Firewall (WAF), Bot Risk Management (BRM).
- Black Lotus Labs is their threat research arm, the world’s most deeply peered networks and industry-leading endpoint protection and datacenter virtualization.
Key Products:
- Premises Edge: Tactile Internet, Virtual reality, Augmented reality.
- Metro Edge: Smart manufacturing, Video analytics, POS transactions, Retail robotics, IoT.
- Cloud Core: AI/ML platforms, Big data analytics, Disaster recovery, SaaS, Cloud storage, Hyperscale environments.
Clients:
- Salesforce, Zoom are big customers already.
Financial Performance:
- Growth & Trend shows they are almost profitable: Reported a Net Loss of $1.232 billion for the full year 2020, compared to a Net Loss of $5.269 billion for the full year 2019. Excluding Integration and Transformation Costs and Special Items, reported Net Income was $1.801 billion for the full year 2020 compared to $1.409 billion for the full year 2019. The trend is positive.
- Cash Flow Positive.
- Invested Capital and Total Assets are decreasing, yet total liabilities and debt decreasing, while CapEx is increasing.
- Reduced Net Debt by approximately $1.6 billion and reduced leverage to 3.6x Net-Debt-to-Adjusted EBITDA.
- For 2021, Lumen has debt obligations of $2.4 Bn still.
- However, Lumen had $34.1 Bn of debt in 2020.
- LUMN finished the year with $2.9 billion in free cash flow and a requirement of $1.1 billion to meet its dividend obligation.
- Insiders & Insider Trading: -0.92%
- Institutional Ownership: 79%
- About 659 funds hold LUMN, and interestingly enough, while the stock price dumped, Average 13F Ranking has been steadily increasing. This aligns with the Accumulation Distribution model that I presented.
- Float: 976.12M.
- Short % of Float: 7.51%.
- Valuation: 0.97 P/B ratio and 0.64 P/S ratio. Undervalued, by traditional valuations.
- Financial Reporting: Solid.
- Potential:
5G Market:
Market size value in 2020: USD 41.48 Billion
Revenue forecast in 2027: USD 664 Billion
"The global 5G Applications and Services Market is expected to grow at a compound annual growth rate (CAGR) of 25.8% from 2019 to 2027"
(According to 180+ page research report by Fidelity National Financial)
- Lumen Technologies should benefit from the growth of the 5G market, so we can expect 25.8% CAGR in revenue from their market share of 5G, and factor in growing market dominance.
TA:
- Accumulation/Distribution Phases are rather difficult to predict with Elliot Wave Theory, so Dow Theory will be used instead.
- Expecting 600%+ move up on breakout.
- MACD long term analysis:
- Short term outlook: Fib support level, with a big whale buy. Looks ready to move up.
- MACD short term bullish divergence:
- Stoch RSI indicating possibly one more shakeout:
- Historical analysis showing this is likely, if the same whale is in charge:
- However, Fib levels indicate that it cannot possibly go much lower!
QA:
- Interestingly, it would take 5.7 days for shorts to fully cover. It is likely the shorting was used to take the price down from the previous distribution level. Great short squeeze potential.
- Naked short selling report collected from FINRA shows that naked short volume was massive in the end of Jan. Most likely to suppress the price at the resistance point. Institutions were not positioned for the breakout yet.
- Options flow does not present high gamma squeeze potential, however, the low OI presents a very good long entry.
VERDICT:
- The company is reducing debt and leverage. This is smart, as there is sentiment that a market correction and stagflation is nearing.
- The critical point that investors will need to decide on is if the company can survive such conditions with their remaining debt. At this point, it looks like their debt will soon be eliminated, and they will be profitable.
- It is my speculation that in the case of a tech correction, and a rotation into value, tech will still thrive, but it is companies like these - non-speculative, but necessary, will be real winners. A lot of retail excess will be trimmed from unreasonably valued companies. At least some Institutional investors seem to share this sentiment, judging from their accumulation.
- This company checks many boxes for me, and looks ready for an explosive move up, so I assign it an S-tier rating.
STRATEGY:
- Accumulate.
- Entry levels: 7.50, 4.00.
- Trigger for Long: breakout of falling wedge resistance.
- Wave 3 PT: 80.00.
- Wave 5 PT: 130.00.
I think the Impulse wave 3 target of 80 aligns with the MACD signaling a 600% move-up to come. This is a high probability level.
This would put the company's valuation at 86B~, which is not unreasonable, and even still would be undervalued, in my opinion.
GL, and if you like the content, give a like, leave a comment, and follow!
P.S. Trying to take a more succinct presentation model for DD, based on constructive criticism I have been receiving.
$HCI TypTap Raises $100 Million from CenterbridgeHCI subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million.
In exchange for its investment, Centerbridge received from TypTap preferred shares with liquidation, dividend, redemption, and other rights and received from HCI a four-year warrant to purchase 750,000 HCI common shares at $54.40 per share. The preferred shares automatically convert to common shares upon completion of an initial public offering meeting certain parameters.
finance.yahoo.com
