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...
We are in a choppy market due to many Macro Global Economic Factors. The Cargo Ship Stuck in the canals causing the global economy Billions. Rising Bond Yields. And the ominous feeling of rising global inflation. I am still holding LONG. If hyper-inflation becomes very real. My theory is that the any crypto business/fin tech business will survive and expand....
Bit of a slow day in the markets today. + BTC down 5% The trend still follows and we have yet to hear news on the 3rd set of mining rigs. Oversold today (-10%) so expect there to be a bit of a rebound tomorrow if everything is perfect. I'm still holding long on this stock. We can't expect crazy things to happen within the next month but we sure as heck seeing...
Good afternoon to everyone on the west coast and good evening to everybody on the east! Wow aren't we looking bullish today. Like I mentioned yesterday, as expected, there was going to be a minor pull back today. I sold my options this morning, and bought back in at a lower price closer to around noon (west coast time). For today's analysis, I am going to be...
What a great day for the infamous Chinese company SOS. Today's rally was due to the news that the 2nd batch of the mining rigs are now active, and that additionally, SOS has successfully mined bitcoin. What great news. Of course HaGeNs BeRmAN, "NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst Calls SOS Stock...
Excuse all of the extra lines, but here's my thesis: Massive volatile flow for this stock in the last two weeks. Here's the pattern I am looking at. Resistance seems to be happening around the $5 range (4.5-5.5), and every time the stock dramatically reacts up or down, it's due to news. I believe many investors are speculators hoping that SOS isn't a fraud...