Pseudo Cryptocurrency Stock Shorts Revisited
In early January, I recommended a basket of 13 cryptocurrency stock shorts. Since the article (see Pseudo Cryptocurrency Stock Shorts) was written about two months ago, these stocks have plummeted 61% on average. The stock declines range from -26% to -96%. During this period, bitcoin and ethereum prices fell 39% and 16%, respectively.
Name | Ticker | Price | Price | Price | MV | LTM Revs | MV/Revs | LTM EBIT |
(NYSE:USA) | 03Jan18 | 13Mar18 | Chg | ($,M) | ($,M) | ($,M) | ||
Crypto Company | OTC:CRCW | $575.00 | $52.00 | -91% | 1,098 | 0.057 | 19267x | -2.810 |
Longfin | LFIN | $57.50 | $42.70 | -26% | 3,268 |