Here are some trading ideas that I liked prior to starting this blog with a focus on four cryptocurrencies and 2020 pre-coronavirus stock ideas that I would have posted about:
Tezos (XTZ): “Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the correctness of their code), and the ability to let stakeholders vote on changes to the protocol. Tezos’s block creation process is called “baking” — Tezos holders who stake their tokens can receive Tezos tokens as a reward for creating and verifying blocks.” -Coinbase. I am invested in and staking XTZ tokens.
Chainlink (LINK): “Chainlink is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.” -Coinbase.com. I have traded this multiple times, but currently do not have a position. Will look to buy if price falls to $3.10.
Ethereum (ETH): “Ethereum is both a cryptocurrency and a decentralized computing platform. Developers can use the platform to create decentralized applications and issue new crypto assets, known as Ethereum tokens.” -Coinbase.com. I am a invested in ETH tokens.
Ethereum Classic (ETC): “Ethereum Classic is a cryptocurrency with a special focus on immutability, popularly expressed as “code is law.” -Coinbase.com. I am invested in ETC tokens.
Essential, Inc (WTRG): “Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands.” -Essential.com. I am a former Aqua employee and I am a long term investor in WTRG. I recently added to the position at $31.88. Current price: $44.00.
Zoom (ZM): “Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars.” -zoom.us. I identified this company as a potential winner in light of the coronavirus back in February but missed the opportunity to buy. The price has since doubled. I would not buy now, given the uncertainty around Zoom’s ability to covert users to paid subscribers, as well as competition from Facebook and other existing platforms that can or already offer enterprise video communication within their existing product.
Netflix (NFLX) and Amazon (AMZN): Netlfix is a streaming services for movies, television and original content and Amazon is the largest e-commerce store in the world . These are very obvious choices but the thought was that people staying at home quarantined would use more of (or start using) these two products more than ever before which should lead to them outperforming other companies. So far this has played out.
theDCal 