February 19, 2019

Crypto Making A Comeback?

Overstock (OSTK) is a name familiar to those that played around in the Bitcoin craze. OSTK made a huge move in 2017 and just as big of a move down in 2018. Now investors are coming back into the name? Why you may ask? Because they are foregoing their e-commerce business and opened a Crypto exchange called “tZERO”. This is their main baby and frankly all they have. I expect the company to move in sympathy with BTC (Bitcoin) and it can be a leading indicator for the stock price. Keep a close eye on this name. I like the upside and I think there is another 20% from here.

 

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr cover this week’s CPI report and other future events that could impact the market, along with ways […]

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Coach’s Roundtable: Stock Market Indexes & Trading Fixes

Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr touch on the best stock market indexes to follow and common issues they notice among struggling traders. […]

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