Possibility of “much larger than Bitcoin”.
Risk: All small cap and microcap stocks in this article are speculative investments that I characterize as “trading” stocks. Large-cap and large-cap stocks like eBay represent long-term buy-and-hold candidates, but many others don’t. For this reason, most of these securities have very small positions, but we recommend the first entry intended for long-term buy-and-hold.
SBI Holdings Incorporated – Great Fundamentals, but Few Transactions
SBI Holdings (OTCPK: SBHGF) is the largest holding company of the Defiance Digital Revolution ETF (NFTZ). The appendix contains a list of NFTZ holdings on January 24th and February 4th, 2022. Below are excerpts of selected fundamentals and financial results for the last four quarters. [in millions]From my TD Ameritrade account, focusing only on SBHGF:
The latest cash flow statement shows the change in positive cash flow from operating activities. This is consistent with the results reported in the income statement. Significant increases in operating income, net income, and basic and fully diluted earnings per share. [EPS]..Price earnings ratio [PE] The ratio is very low, only 6.85. [source is TDAmeritrade]..
There are notes. This stock is traded very thinly, so please do not buy this stock for day trading. But it’s only for long-term buy and hold. For the sake of explanation, the following is the trading activity on February 7, 2022 from my Fidelity account.
Therefore, if you decide to open a position on this securities, we recommend a 5 or 10 share block at or near the bid, unless you are prepared for very wide bid / ask spreads and thin trading or lack of liquidity. increase.
Recall that a small position in Bitcoin a few years ago was sufficient. In fact, you don’t have to take a big position in any of the NFT stocks if you want to perform close to the returns and profits generated by cryptocurrencies.
Previous Seeking Alpha Articles
Published earlier Seeking alpha Articles about Vinco Ventures (NASDAQ: BBIG) And block (NYSE: SQ) [see APPENDIX].. Both enjoy positions in ETFs, accounting for 3% to 4% of total holdings. Adds all stocks contained in this ETF to the Metaverse stock database.
I have already recommended starting a small position in the block early on Seeking alpha article [note inclusion in the above table as an NFT stock]..This article has been published, so add it Seeking alpha An article recommending “strong buying” has been published. From my point of view, nothing has changed. We continue to encourage you to “nibble” this security share.
I like to put a few dollars in microcap stocks. These are very high risk stocks with very poor fundamentals. These are “lottery inventories” and rarely represent long-term buy-and-hold opportunities. Instead, they are for “transactions”.
Two Microcap Stocks – Blockchain Foundry and One World Universe
Blockchain Foundry Inc. (OTCPK: BLFDF) has announced several NFT collections and sales since the beginning of 2022:
The company’s total assets are over $ 11 million as of September 30, 2021. [source is TDAmeritrade], And as of February 7, 2022, it is trading at a market capitalization of approximately $ 13 million. Add this strain to the Metaverse database. I own 500 shares or less than $ 100 of this share, but this is just for display on the radar screen for surveillance.
One World Universe, Inc. (OTCPK: OWUV) has a market capitalization of $ 40 million, and the price per share has skyrocketed. [PPS] From November 18, 2021, from about $ 0.02 to about $ 0.69 on December 29, 2021. The PPS response seems to be related to a series of news releases, including: [source is my Fidelity account]:
The following shows the PPS actions and volumes generated from the above set of GLOBE NEWSWIRE news releases. [source is my Fidelity account]:
I don’t own a stake in OneWorld Universe, but I will monitor this stake and include it in the Metaverse database.
I’m not sure if non-fungible tokens are “much larger than Bitcoin”, but I would like to educate myself and pay attention to this component of the Metaverse. As we have seen in Bitcoin and other cryptocurrencies, the profits from rising equity PPS at dramatic levels guarantee a modest portion of the portfolio’s investment in these securities. I have built a database of Metaverse stocks for consideration and have established a reasonable position in my portfolio. We encourage you to do the same.