By now, you know that if you want to hear about which stocks have moved strongly from a bearish chart pattern to a bullish one that you are going to have to look elsewhere. Of course, you’ve probably learned, as all do eventually, that there is nothing to be gained from following predictions so generated. They are right nearly 50% of the time, which means you could probably do better by training a drunk monkey to throw darts at a list of stock and could, beyond any doubt, do better just by buying and holding a few stocks with good long-term prospects. The reason for today’s list is simple: not every company has good long-term prospects, and I mean to point out a few that—at least at current price-levels—do not.
What I’ll be looking for today are real warning signs. I’m looking for those odd moves that companies sometimes seem to make for no good reason, because we often find out later that such moves were actually made for a rational reason by someone who knew, as we did not, just how much trouble the company was in. I’m looking for moves which are marketed as mysterious and brilliant, but which are actually defensive and panicky. I know, I know, I know, I could write up fifteen companies for making such moves without leaving the subject of cryptocurrency, but I only intend to focus on one of those—the one the rest of the market seems to have been wholly bamboozled by. I am not, by the way, a foe of cryptocurrency; I am a foe of market manipulation.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.