LongFin Corp. LFIN
Traditionally, we steer clear of brand new IPO’s for at least the first few weeks of trading, but we made an exception for LFIN on Friday and we’re glad that we did. We noticed that the company had announced its acquisition of Ziddu.com, a Blockchain-powered Micro-lender. As anything crypto related seems to be a hot ticket item at the moment, the news facilitated a fantastic move to the upside.
From an early low of 7.86 the stock ran as high as 26.80 for a 241% intraday rip. This morning the bonanza continued with a premarket high of 44.73, marking an incredible 469% rise off of Friday’s low!
Integrated Ventures, Inc. INTV
Speaking of crypto plays, we slated INTV for observation on November 28th, and have seen a really nice move out of it since that time. From a low of .3804, the stock has run all the way up to 1.68. That works out to a 342% in just over two weeks’ time.
Earlier this month the company opened its second bitcoin mining location including its 100th mining rig, and stated that its expectations were that related revenue would double inside of a month. We’re going to continue to reap the rewards of the crypto-hysteria that is currently sweeping the market for as long as the trend persists.
Under Armour Inc. UAA
Our fresh options ideas for Friday morning on UAA, which we commented on having an excellent chart setup in the works. We focused in on the UAA Weekly $13.50-14.50 Calls for the short term, and were pleased at the movement we witnessed, with double and triple-baggers across the board:
$13.50 Calls – Range: .45-1.80 – Max Gain: 300%
$14 Calls – Range: .28-1.27 – Max Gain: 353%
$14.50 Calls – Range: .24-.80 – Max Gain: 233%
We also signaled some longer term contracts in the 01/12 $14.50-15.50 Calls, which we’ll continue to keep an eye on through their expiration.
In lieu of our regular ‘Extended Watchlist’, we’ve got an extremely wide array of blockchain/bitcoin related plays to add to our radars:
RIOT, SANP, NXCN, SRNW, MCTC, CSSI, ADAC, GHHC, PTOP, MCPI, QSPW, SAGD, TRON, XTPT, NXCN, NVTQPF, KCPC, MGTI, GAHC