Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months and on Monday it rocketed past the $47,000 per coin mark.
However, the continued rise in Bitcoin has also resulted in strong rallies in the Grayscale Bitcoin Trust (Btc) (OTCMKTS:GBTC) stock. Following the latest rally in Bitcoin, the Grayscale Bitcoin Trust stock went up by as much as 20%.
In this regard, it should be noted that since the underlying asset in the trust is Bitcoin, it is only natural for its stock price to rise in accordance with the rise in the price of the cryptocurrency.
In this regard, it is also necessary to note that experts believe that the biggest trigger for the rally in Bitcoin was a revelation from electric vehicle manufacturing giant Tesla. The company revealed in a filing that it bought $1.5 billion worth of Bitcoin and that brought more investors flocking to the cryptocurrency.
On the other hand, there was a major announcement last week that may have been one of the factors behind the rally in the Grayscale Bitcoin Trust stock. The announcement in question came from the Miller Value Funds, which is run by the billionaire hedge fund manager Bill Miller.
It was announced that the Miller Value Funds might invest in the Grayscale Bitcoin Trust through Miller Opportunity Trust, a flagship fund. In the announcement, it was noted that the fund is looking to get into Grayscale Bitcoin Trust in order to gain further exposure to Bitcoin.
However, at the same time, it was also pointed out that the total exposure to Bitcoin is not going to be more than 15% of the total assets. At this point, the total assets in the fund are valued at $2.25 billion. However, it cannot be denied that such an announcement from a fund managed by a Bitcoin bull-like Bill Miller can only be a good thing for Grayscale.
Alibaba Group Holding Limited (OTCMKTS: BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary sector. The Oracle Dispatch Due Diligence team is closely watching BABAF stock price because of recent significant volume increases on the OTC markets. There are indications of upside in BABAF share price as it is currently trading at the low end of its 52 week market range. It is possible that near to mid-term price gains might exceed 60%. Alibaba Group has been reporting solid returns of late and has reported cash flows which can sufficiently cover any interest payments.
As a prominent player in the internet and direct marketing retail industry, Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally. BABAF operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People’s Republic of China.
Oracle Dispatch holds no shares in Alibaba Group Holding Limited (OTCMKTS: BABAF)
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The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it ought to be noted that earlier on in the week on March 29th the company was in the news. On the 29th, the company provided a snapshot of the management discussion analysis that had gone into the results of its operations.
Traders who may be considering the company’s stock could do well to take a look at the announcements that were made. It should be noted that the company had also informed that the actual results may prove to be different from the management discussion.
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During the discussion, it was noted that in the financial years that had ended on December 31, 2020, and 2021 the company had managed to generate no revenue at all. On the other hand, during the same financial years, the company had recorded operating expenses to the tune of $48,938 and $168,104 respectively.
However, it ought to be noted that in the 2021 fiscal year the company suffered a recorded loss of $48,938 but back in the 2020 fiscal year the losses had stood at $168,104. Hence, it was a significant improvement on that end.
Trans Global management also noted that at the end of the 2021 financial year the value of all the company’s assets stood at zero. The number of common shares issued and outstanding stood at 62,049,990.
It’s also important to keep in mind that the management also stated that at the end of the 2021 financial year, Trans Global had a negative cash flow of $48,170. While that was not a great read, it ought to be noted that it was a significant improvement from the $72,000 in negative cash flow that it had recorded back in 2020.
Trans Global stays in the news for no real apparent reason, but it remains on traders radars in hopes of M&A news.
If you are on the hunt for stocks that may have made major gains over the course of the past week, then look no further than Hycroft Mining (NASDAQ:HYMC).
The company saw its stock clock gains of as much as 105% over the past week and that rally took the gains in the past month to a staggering 700%. In light of such enormous gains, it could be the right time for investors to perhaps consider taking a closer look at some of the recent developments about Hycroft.
Earlier on in the week on Monday, the company announced that it had been successful in finally completing its market equity offering initiative. By way of that initiative, Hycroft had managed to sell as many as 89,553,584 in total and managed to raise a staggering $138.6 million in the process.
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After the completion of the process, the company had a total of 196,803,459 outstanding and issued shares. While the fundraising efforts from the company may have led to a significant boost to the stock, it ought to be noted that Hycroft had managed to raise another hefty sum by way of a private placement.
Through the private placement, the company managed to generate as much as $55.9 million and that took the entire funds raised to a staggering $194.4 million.
Hence, the current bullish tendency about the Hycroft stock is understandable and it is going to be interesting to see if it can continue to add to its gains over the coming days.
One interesting things to note in this regard is the fact that AMC Entertainmentwas the entity that was responsible for the private placement.
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How to Leverage Your Trading Position by Secure Paymentz
Leverage works the same way in trading as it does in real estate, where it can be a good thing or a bad thing depending on how it’s used. In finance, leverage refers to how much of your own capital you use to control borrowed capital, resulting in profits and losses that are based on changes in the price of the underlying asset instead of the value of your cash balance. If you have ever wondered how to leverage your trading position, follow these steps for safe and effective use of margin trading on your brokerage account.
What Is Leverage?
You may hear a lot about leverage trading software (more info: https://SecurePaymentz.us) and margin when you read trading advice. But what is it? In short, leverage refers to your ability as a trader or investor to use borrowed funds (like money from a loan) in order to increase your exposure in markets. The practice allows you buy more assets than you would have been able with just your own cash – which means you can potentially make more money when things go right, but also lose more money when things go wrong. Most people talk about leverage in terms of borrowing or leverage ratios – these terms refer to how much debt an individual is taking on, as a percentage of his total account size.
The Biggest Pro of Leverage
There are many advantages of leverage. The biggest pro is that it enables traders to trade with more money than they could if they traded on margin using only their cash balance. For example, with a $2,000 cash balance, you can trade with $50,000 worth of securities (assuming a 50% margin requirement). As another example, if you have a $10,000 account balance and use 10:1 leverage, your actual trading balance for that position would be $100,000 (assuming a 10% margin requirement). The Bottom Line: You can trade more capital than you actually have on hand when you take advantage of brokerage accounts that offer margin trading capability. You may find opportunities to profit from higher-risk investments because your buying power has increased.
The Biggest Con Of Leverage
When you’re trading with leverage, it’s important that you remember something called a margin call. This means that your margin balance—which is basically your money borrowed from your broker—drops below a certain threshold, and your account gets liquidated. While it sounds scary, margin calls are just part of trading on leverage and can actually be used as a strategy. The goal is to keep enough money in your account so that if (or when) a margin call occurs, you’ll have enough in equity that you won’t get liquidated. This allows traders to make larger trades than they would be able to otherwise.
Why Investors Use It
Even experienced investors know that leverage can magnify gains but also losses. For example, let’s say an investor buys a stock for $100 and it increases to $105. With no leverage, their total return is 5%. Now, if they bought $1000 worth of that stock and used a 2:1 margin, they would have made 10%, or $100 (their initial investment). So their total return would be 15%. But what happens if instead that stock decreased by half? Well with no leverage, your total loss is 50%, which may seem bad but not awful when you consider that your initial investment was just $100.
What Does It Feel Like To Trade On Margin?
The first thing you need to know about margin trading is that it’s expensive. A typical brokerage will charge interest on margin loans, which can be as high as 25% a year. So when your account earns 10%, for example, that money goes toward paying down your debt rather than getting paid out to you. (For related reading, see Margin vs. Lot Size and Efficient Market Hypothesis.)
Things You Must Consider Before You Invest On Margin
Before you can understand how to leverage your trading position, it is important that you understand what margin trading really is. If we were to give you a quick definition, it would be: Buying something with borrowed money. Yes, that may seem simple and you probably think that you have a good understanding of what margin trading is. After all, most people will tell you that buying stocks on margin isn’t very different from using your credit card or line of credit at a store. Unfortunately, while these are technically correct statements they only scratch the surface of just how different trading on margin can be from traditional banking and borrowing practices.
Things To Know Before You Start Trading On Margin
Margin trading can get you into trouble fast. First, know that it’s not free money. You are borrowing money from your broker, so you have to pay interest on that loan (though some brokers do not charge interest). Second, be aware of your trading position at all times. If a margin call is triggered, your broker can force liquidation of assets in order to cover what you owe. Don’t trade on margin unless you understand how it works and know how much risk you’re taking on. Start small; gradually increase as you gain experience and confidence in your ability to manage risk intelligently.
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Financial Planner in Grandville, Michigan
Advanced Asset Management (AAM), a financial planner in Grandville, MI is pleased to announce the release of their brand-new website, www.aamllc.com. This new website more accurately positions AAM as fiduciaries helping customer achieve their financial goals without paying commissions. The new website highlights their financial services that range from retirement savings to college planning and estate planning. All of this is done as a fiduciary.
A fiduciary is an individual who acts in the best interest of a particular person or beneficiary. In the world of financial services, that means fiduciary advisors must only buy and sell investments that are the best fit for their clients. They do not collect commissions on recommended products.
The financial planners at Advanced Asset Management in Grandville, MI are Fiduciary advisers, not salespeople! Advanced Asset Management is a small, independent, financial planning and investment management firm in the Greater Grand Rapids area of Western Michigan. They are a fee-only fiduciary advisers and do not accept commissions or compensation of any kind based on the solutions recommended. We have been helping clients achieve their financial goals since 1997.
The new website also offers the ability to book a FREE consultation so that you can see how AAM would work with you to achieve all of your financial goals and dreams.
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Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry and there are plenty of options for any investor when it comes to oil and gas stocks. One of the stocks that you could consider tracking at this point in time is that of 88 Energy Ltd (OTCMKTS:EEENF).
The oil and gas company has come into sharp focus among investors over the course of the past week and has managed to bring in gains to the tune of as much as 7% so far. In this situation, it could be one of the oil and gas stocks that you could watch closely.
88 Energy says on-track to start Merlin-2 well in February
Not too long ago on January 17 this year, the company had come into focus after it announced that it was on course for having a February spud at its Merlin 2 well that is located in Nort Slope in Alaska. At the time it was announced that work related to the commissioning of the Arctic Fox drill was underway already.
After that 88 Energy was going to get involved in the work related to the construction of the ice read. On the other hand, the permitting and planning part of the whole thing had already been completed, as per the announcement from 88 Energy on January 17.
The latest rally in the stock is quite understandable if one considers the fact that investors may have cottoned on to the plans in place at 88 Energy at this point.
The company has planned to go full throttle at the development work in relation to its assets in Alaska and that is a major factor that needs to be taken into consideration when evaluating the stock.
The company owns as many as 4 assets in the region and the beginning of the drilling activities at the Merlin 2 property is one of the more important milestones for the company at this point.
2021 had been a fairly good year for Netlist Inc(OTCMKTS: NLST), and the stock had performed well. However, after having soared considerably last year, the situation has changed quite dramatically for the Netlist Inc stock and its investors. Throughout 2022 so far, the stock has declined sharply and has recorded losses of as much as 34% so far.
In light of such a sharp decline, it could well be the right time for investors to ponder if the stock is going to continue to slide or if a recovery might be around the corner. In this situation, it may be the right time for investors to consider taking a look at a major development from back in January.
Netlist Expands NVMe(TM) SSD Product Line
At the time the company announced the much-anticipated launch of its PCIe Gen4 NVMe™ N1563 Series lines of SSDs and it was a major new development considering the fact that it expanded the line of offerings from the Netlist’s Gen4 NVM offerings.
The company announced at the time that the new line of SSD delivers exceptional performance. More importantly, it helps with shorter lead times and that is a particularly important factor for enterprises that might be interested in these SSDs. In addition to that, shorter lead times are also helpful for specific requirements in relation to cloud design.
The development was a significant one for the company and it is something that investors could keep in mind when considering the stock. If the latest SSD product does manage to do well commercially then it could lead to a boost in the company’s earnings and perhaps help with any kind of rebound that the stock might have.
At this point in time, it could be a sound move for investors to keep the Netlist stock in their watch lists and watch for the latest developments before making any moves one way or another.
In the stock market, it is often seen that certain stocks display a fair degree of volatility and significant price swings within a short period of time. However, at the same time, it should to be noted that it is often said that volatility can also be your friend and hence, such stocks are not necessarily meant to be ignored.
One of the stocks which has been quite volatile in recent times is the KYN Capital Group Inc (OTCMKTS:KYNC) stock. In light of such a situation, it may be the right time for investors to take a look at the recent development with regards to the company before making up their minds about the stock one way or another.
KYN Capital Group Closes Definitive Deal with Asia Broadband
Earlier on in the week of February 8, the company announced that it had accepted the terms of a deal with Asia Broadband Inc and closed it as well.
As per the provisions of the above-mentioned agreement, AABB Wallet from Asia Broadband (OTCMKTS:AABB) is going to be the main cryptocurrency exchange in the KYN Capital Group’s super app Pay How. It was a major deal for the company and could propel its super app to be a serious payer in this niche category.
In this regard, it is perhaps necessary to point out that the deal signed by KYN Capital Group was one of the biggest that the company had ever signed and that makes it even more significant. On the other hand, it was one of the earliest deals that the company had signed in the crypto sector.
Rick Wilson, the Chief Executive Officer of the company, spoke about the deal as well. He stated that everyone at the company was highly excited at having closed the deal with Asia Broadband. He went on to state that the development teams at the two companies were going to be working together on the project. It may be a good time to keep track of KYN Capital Group at this point.
In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and that can be gauged from the price action in the stock in recent days.
Last Friday, the iQSTEL Inc stock continued to be in considerable focus and ended up with gains of as much as 15%. That rally took its gains for the past week to a handsome 45%. In light of such gains, investors are likely going to be interested in the iQSTEL stock again this week.
Expects To Meet Nasdaq Shareholder Equity Requirement Imminently
Last week the company was actually in the news after it sent out a letter addressed to its shareholders and provided key updates with regards to its business operations. The letter was addressed by the Chief Executive Officer of the company Leandro Iglesias. In addition to the operational updates, Iglesias also provided key updates with regards to the potential uplisting of the iQSTEL stock to NASDAQ.
He noted that in 2021, the company managed to surpass its projected revenues of $60.5 million and managed to bring in as much as $64 million in the form of revenues. Iglesias went on to state that the company ended 2021 in a strong position and was on course for eventually hitting its 2022 target of positive $90 million in revenues.
However, one of the more important updates provided in the letter was with regards to the electric motorcycles that iQSTEL has been working on. The company’s CEO stated that the motorcycles are all set to roll in from the production line and iQSTEL would be providing videos with regards to the event soon.