I don't hold but I too like KYK. Starting to see more and more media attention on it. I think we were all too busy on bitcoin 10bagging alot of co's were busy on bitcoin integration but mainstream media completely missed the underlying technology. I think we will have a wave 2 in this space some time this year, just need one blockchain based success story to hit.
I hold 3 shells at this stage SRO, TTL and added VPC today (been watching for so long couldn't help myself lol)
I've been watching it carefully too, nice push onward today. Will be interesting how it behaves into resistance. Almost trading similar levels before the fall already, vicious drop and vicious bounce. Once again, I still don't feel this is "end of the world" stuff, that bounce would've been sold into and be much shorter already if it was the case imo.
DOW didn't behave at resistance which is to be expected. Now this pullback is the one to watch. Trend still in tact.
Also for some further commentary this post is great macro analysis -
https://scottgrannis.blogspot.com.au/2018/02/one-more-wall-of-worry.html
The chart that caught my attention with associated commentary:
"I've featured this chart numerous times in recent years. What it shows is that every significant decline in stock prices in recent years has coincided with a spike in market nervousness (which I define by dividing the Vix index by the yield on 10-yr Treasuries—this measure increases as nervousness rises and yields decline, and vice versa). To date, all those "panic attacks" have proved unfounded—the economy kept on growing at a modest pace. I'm guessing that the current bout of nerves is being driven primarily by rising bond yields, which in turn are the natural result of improving economic fundamentals that are laying the groundwork for a stronger economy. There are other worries at work, to be sure, and the list would include 1) concerns that the Fed is going to be spooked by rising inflation expectations and stronger growth and thus tighten too much, 2) volatility hedgers caught in a squeeze, 3) concerns that valuations are too high, and/or 4) the combination of tax cuts and increased spending which could lead to more trillion-dollar budget deficits."
This statement stuck to me 100% in particular:
I'm guessing that the current bout of nerves is being driven primarily by rising bond yields, which in turn are the natural result of improving economic fundamentals that are laying the groundwork for a stronger economy.
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Other news, just out in the last hour Apple - yes the phone maker is now competing for the cobalt supply chain solution, thats when you know the shortage is getting serious. They're afraid they wont have enough cobalt for phone manufacturing.
https://www.reuters.com/article/us-...-directly-from-miners-bloomberg-idUSKCN1G50M3
I've got three plays I like that could move into this space.
WFE - Brewer Cobalt play looking for secondary acquisition. You know with Brewer he does it big on the second time round so lets see whats at play. Already have a nice base cobalt asset.
VKA - GTT backed shell, plenty cash to ball out on something big. Did well with MQR. Likely take either lithium or cobalt path.
These guys have done incredible with lithium plays, so I don't mind either direction.
MRQ - Peak Asset backed shell, cashed up, low EV. Evan Cranston also involved here. Paul Cozzi, turner fam and instos on board. Announced they're restructuring for either lithium or cobalt. Would prefer the cobalt path here tbh.
Cheers
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