As we have said, always watch for companies bucking sharp downtrends in the general market. VIOT is one such stock as Friday's pocket pivot illustrates. While VIOT is thin, its sales and earnings are skyrocketing.
VIOT is a Chinese company that develops and sells internet-of-things (IoT) enabled smart home products in China. IoT is expected to be one of the dominating areas of tech in the coming years as we move into tomorrow's trillion-sensor economy. From in-home IoT to smart factories IoT, in-home is expected to be greatly enabled by 5G which will be 100-times faster than 4G and will be widely deployed by 2020.
Another stock we have discussed as far back as April 2018 when it was at $8 a share that proved highly profitable was Funko (FNKO). FNKO was thin as well as the time but covered a highly popular niche area in pop culture products.
Thus in unusual occasions, we may opt for a thinly traded name provided its technicals and fundamentals stand out.
Pocket Pivot Review - VIOT
|Published:||28 Oct 2018 08:28 ET|
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. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.