Today’s watchlist comes after reviewing all the recent news in the global stock market.
And I think I found a Buy It or Burn It stock that looks to be on the verge of making significant moves soon…
Remember, these are just ideas I’m sharing. You should only enter these trades if you’re comfortable managing the positions on your own.
Check out this week’s free bonus trade idea below!
Coinbase Global Inc. (Nasdaq: COIN)
Shorting Coinbase is the perfect hedge against anyone’s crypto portfolio. The stock reacts to bad cryptocurrency asset moves, and the stock has worse risks than just a dip in prices. The SEC opened an investigation on the company, and rightfully so. These guys aren’t running a proper broker, exchange or whatever they represent themselves as. The Crypto Flash crash on Tuesday led to day-long delays on fills, and many didn’t get the price they thought they did. This feels like Mickey Mouse stuff, really. I think the stock will make new lows this fall, perhaps even breaking under $200.