RexFinance
Bio
20 year-old investor, with a small YouTube channel
Stories (9/0)
Why Crypto Is Crashing
Most cryptos are down significantly from their all-time highs. The biggest of the bunch: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Polkadot (DOT) are all down 10% or more from highs. Though it's not technically a 'crash' until the assets plummet 20%, this is still a crash in many investors' minds. So, what's the reasoning behind the negative price action?
By RexFinance6 months ago in 01
My Next Life-Changing Stock Pick? I Think So..
What happens to batteries from phones, electric vehicles, power tools, etc. at the end of their life? Up until 2017, virtually nobody was recycling or recovering the precious metals found in end-of-life lithium ion batteries. Instead, companies paid huge dumping fees to convert these batteries to waste. In a world where the materials needed to create batteries are scarce and in high demand, this makes no sense. Fortunately, companies like Li-Cycle (NYSE:PDAC) identified this problem and got to work.
By RexFinance11 months ago in Trader
CleanSpark Has The Only Path Forward As A Bitcoin Miner
It's 2035, all mining companies have stopped mining Bitcoin and are now receiving revenue from transaction fees instead of receiving revenue through Bitcoin rewards. These mining companies have been holding and accumulating a stockpile of Bitcoin on their balance sheet for over a decade. Maybe their stockpile of Bitcoin has tripled in value to an amount equal to 10s of billions of dollars. But, what's next?
By RexFinanceabout a year ago in The Chain
Meet My $50,000 Penny Stock Investment | Interview w/ Creatd CEO Jeremy Frommer
Being a creator and public figure myself, I was able to see what Vocal already provides, and what it could become. My investment in Creatd, the owner of this platform Vocal, started with a $20,000 investment that you can see here. As time has gone on, this investment has grown to a total amount of ~$50,000 thanks to share price appreciation in addition to me buying additional shares of the company.
By RexFinanceabout a year ago in Trader
10 High Growth Stocks Down 30%+ To Buy NOW!
After months of high flying growth stocks setting new all-time highs, we have finally seen valuations come down for many stocks, specifically ones in the Nasdaq. Like many predicted, funds and institutional investors alike have flooded back into the safe, defensive stocks in the Dow Jones Industrial Average (DJIA), and out of tech stocks in the Nasdaq. Just yesterday, the DJIA was up 306.14 points (0.97%), while the Nasdaq was down 310.99 points (-2.41%). This sort of 'breather' was much needed for the Nasdaq, which has seen almost 100% return since the lows in March of 2020.
By RexFinanceabout a year ago in Trader
The Forgotten SPAC Stock
SPACs, or Special Purpose Acquisition Companies have been very popular among retail investors. After all, they've seemed like a foolproof way to make money. Although a bad example after they were discovered to be fraudulent, Nikola Motors (NKLA Stock) brought the frenzy to SPAC investing. They also caused a slew of investors to pile into electric vehicle (EV) stocks. Shift Technologies (SFT Stock) came before Nikola's time, so they missed out on the SPAC hype. I believe this has presented a great buying opportunity for the company.
By RexFinanceabout a year ago in Trader
Is This Penny Stock Set To Rocket Higher?
In a market where about any stock has at least doubled your investment over the past year, it's easy to get euphoria. There are so-called "experts" popping up every day. Some are legit, while the majority will fade away after a market crash or correction.
By RexFinanceabout a year ago in Trader
CleanSpark Reports Another Record Breaking Quarter
CleanSpark Inc. (NASDAQ:CLSK) reported Q1 earnings before the bell this morning. Revenue more than doubled year-over-year, to $2.3 million. This was all done in a cyclically dry season for the microgrid industry, paired with COVID-19 restrictions. Historically, the months of October, November, and December only attribute about 10% of yearly revenues for the company. The company's current backlog sits at $7.3 million, up from a mere $800 thousand at the end of 2020. In addition, CleanSpark's current proposal pipeline sits at $25 million.
By RexFinanceabout a year ago in Trader
