LongFin Corp. Makes A Surprising Double Reversal

It is a good thing news releases do not yet go out as irreversible blockchain transactions. In yet one more bizarre story involving a cryptocurrency/blockchain company, LongFin (LFIN) issued a press release over GlobeNewswire that suddenly seemed to validate its recent price run-up. Several hours later, the company asked its audience to ignore that press … Read more

Above the 40 (January 19, 2018) – Government Shutdown Edition

AT40 = 66.3% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought period AT200 = 63.6% of stocks are trading above their respective 200DMAs VIX = 11.9 Short-term Trading Call: bullish Commentary When traders closed up shop on Friday, I am guessing they assumed, as I did, … Read more

Picture THIS Blockchain: Eastman “Cryptocurrency” Kodak

Source: KODAKOne “The KODAKOne image rights management platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. KODAKCoin allows participating photographers to take part in a new economy for photography, receive payment for licensing their work immediately upon … Read more

Cryptocurrency/Blockchain Mania Takes A Surprising Turn With LongFin Corp.

The trading in recent IPO LongFin Corp. (LFIN) may go down as iconic in this era of frenetic trading in almost anything related to cryptocurrencies and blockchains. After debuting last Wednesday, December 13th at $5 and little to no fanfare, LFIN took off like a rocket two days later on the heels of news of … Read more