July 13, 2011 1:25 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
As the markets shoot higher on QE3 prospects, many stocks are outperforming or look ready to blast higher. Let's take a look at a few. First, notice how the U.S. Dollar is collapsing today. This is helping commodity stocks rocket higher. Chevron Corporation (NYSE: CVX) is trading at $106.29, +1.90 (+1.82%). This is on the back of a powerful up move in oil.On the technology side, Apple Inc. (NASDAQ: AAPL) continues to near its 52 week, all time high at $364.90. It currently is trading at $359.25, +5.50 (+1.55%). Technology overall is having a big day. The Nasdaq is trading +39 points.The financial stocks are also having a solid day. Of late, these have been lagging but appear to be helping the markets today. Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) are leading the charge. This is broad based rally today.The key stock I wish to feature is OXiGENE, Inc. (NASDAQ: OXGN). This is a small cap, low float play with tons of shorts. It is a biotechnology stock with just a $23 million market cap. While it is currently trading at $2.43, it did trade higher than $6.00 just a few months ago. The consolidation pattern on the chart tells of a possible massive move up on the horizon. This would coincide with a squeeze to the shorts. The key to this play is the pattern on the chart as well as the massive short position. Any sort of upswing would cause a larger move due to short covering. Watch this one in this range.Gareth SolowayInTheMoneyStocks.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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