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.
Author: Ben Wong
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Covestor model: Tactical and Opportunistic
We sold our position in Microsoft (MSFT) at 32.26 on March 3 as it was nearing its 52-week high. Meanwhile, Frontier Communications (FTR) announced that it has finished its 14-state systems conversion of its acquisition of Verizon's (VZ) wire lines 9 months ahead of schedule, which may help the company to reduce costs and improve customer service.
The market reaction has been positive and Frontier's share price has been going up in early April. It closed above its resistance, the 50-day moving average on April 5. We also collected our dividend from FTR on 3/30/12. There was no change to the positions of Invesco Mortgage Capital (IVR) and American Capital Agency Corp. (AGNC). We will be expecting our dividend from AGNC and IVR on April 4th.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.
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.