The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
If you like to walk on the wild side, perhaps even the very, very wild side, one stock coming through my Bitcoin mania screens today is Longfin (LFIN), which is showing tight voodoo action along the 10-dma. Volume dried up to -93.7% below-average, which is about as dry as I've ever seen volume for any stock. I've heard that some brokerages won't even let their clients buy this thing since the volatility is off the charts. As many of you probably already know, LFIN came public at $5 exactly 14 trading days ago and rocketed to a high of 142.82 in five days after coming public. I'm thinking maybe a 100-500 share position is all I'd mess with here with the idea of keeping things tight...of course, I have yet to see if my broker will even let me dabble in this psycho-stock. Maybe some brokers have a special on this: a free Xanax prescription with each 100 shares purchased. An interesting oddity, and if it is too risky to play, then at least it will be interesting to see if it can pop off this uber-tight flag formation.
VoSI VooDoo(TM) Report - Bitcoin VooDoo Mania - Dabble at Your Own Extreme Risk
|Published:||3 Jan 2018 20:53 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. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.