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Market Lab Report - Premarket Pulse 5/29/18 + Dr. K's Crypto-Corner - The Cryptospace Is Undergoing Beyond Exponential Growth

Fundamentally strong growth stocks have been acting well which includes some of the semiconductor and small cap stocks. Despite the general market's sideways movement over the last couple of weeks, at least half of our Focus List names have made strong moves. This suggests the markets will resolve to the upside, though the issue of higher rates ahead remains a powerful headwind that may prevent the market from making sustained moves in either direction.

Stock futures are sharply lower on global investor concerns about Italy's political chaos and what that could mean for the euro zone. Many have said the EU's days are numbered. It is only a matter of time before the EU breaks apart.

Chinese company MOMO is gapping higher in premarket trade on a strong earnings report. You can use the MACD 6/20 on a 5-minute chart to gauge a possible entry point should one arise. Make sure MOMO fits your risk tolerance levels.

Dr. K's Crypto-Corner - The Cryptospace Is Undergoing Beyond Exponential Growth

The pace of growth in the cryptospace has never before been seen in any industry, and well exceeds growth in the internet space, as the open source mandate of the cryptospace allows other cryptocompanies to steal and improve upon existing code. Everyone gets to build on top of existing structures. This  combined with the capitalist incentive model makes for the fastest exponential the growth curve ever observed. Another way to say it is the doubling effect noticed by Moore's Law occurs in a shorter span of time. To add fuel to the "fire", never before have so many top minds migrated into a new technology.

Some wanted to know about XNET which is traded on the NASDAQ. XNET has launched ThunderChain, an improved blockchain infrastructure the company says can concurrently conduct millions of transactions per second. They achieve this by taking advantage of cloud computing and blockchain technology which enables them to make multiple transactions on multiple chains. So keep an eye out for this, and in the months to come, other companies that may trade as a stock but have exposure to blockchain technology.

Because any blockchain based technology can be copied, the technologies which win will be the ones that achieve network effects the fastest. Thus, "Ready, Fire, Aim" should be the go-to-market strategy of cryptocompanies. This style proved successful with Microsoft though in a far less competitive era that did not move at a fraction of the pace of the current breakneck speeds of blockchain development.

As one example of how to achieve the network effect quickly, the encrypted chat site Telegram recently published a paper claiming that they would solve every major technical hurdle in crypto including privacy, scalability, bandwidth routing, distributed compute/storage, and more. The claim is real because Telegram doesn’t need to create any of these technologies. They can just legally steal from other companies then incorporate the open-source technology into the Telegram app. Telegram has over 200 million monthly active users (MAUs) so already has a powerful network effect in its favor. Telegram can then issue its own ICO currency as an incentive to accelerate adoption of its platforms.

Now replace “Telegram” with “Facebook”, "Instagram", “Snapchat”, “Android” or “iOS.”

So just as Telegram has done, any company that already commands huge audiences can greatly benefit from the crypto revolution purely from this network effect. The smart companies such as Amazon are already taking advantage of blockchain through their AWS services.

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This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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