The Best Trade of the Year

Written by GSCR Staff   
Friday, 27 December 2013 08:53

It figures that it would take until December 27th to find what I call the best trade of the year. We have had some great ones and some stinkers, and this one carries a lot of risk. But, we believe that despite the risk, the reward could be a double or more in a matter of days as it provides investors with the first real public traded proxy for the growth in the use of Bitcoins.

Everyone has at least heard of Bitcoin. Heck, I have been toying with the idea of buying some for months. When I see even the smallest most innocuous websites accepting Bitcoins for payment, I know that this thing has legs, despite its extreme volatility as an online digital currency. An upstart company known as WPCS International Inc. (NASDAQ - $1.51 – Not Rated) released a key announcement regarding its Bitcoin venture after the close yesterday and pre-market trading assumes that it will open up 70% or more to the $2.65 level.

Here is a copy of the release: http://finance.yahoo.com/news/wpcs-announces-public-beta-release-210500070.html

In a nutshell, individuals can buy Bitcoins from one of several exchanges. However, this WPCS public beta platform is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application. That is huge as the disparate information and trading details made execution and trading less than smooth.

This platform, known as BTX Trader, will enable limit orders on 5 key Bitcoin exchanges along with order management and market data monitoring.

We cannot profess to provide any real financial details or what could be generated revenue wise to WPCS via this platform. However, as the best publicly traded proxy for the space, and a unique and desirable tool, WPCS has proven that being opportunistic can be incredibly rewarding. Therefore, for investors able to stomach throwing caution to the wind, WPCS offers huge upside as a story stock and Bitcoin play that could see huge upside in the coming days.

These stocks tend to have a run of no longer than 5 days or so. As a result, be prudent, and enjoy!

Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.

Disclaimer:

This Market Monitor blog was prepared for informational purposes only. Goldman Small Cap Research, (a division of Two Triangle Consulting Group, LLC) produces research via two formats: Goldman Select Research, which typically highlights small cap companies, and Goldman Opportunity Research, which features micro cap companies in a sponsored research format. Thus, the Select product reflects the Firm’s internally generated stock ideas while the Opportunity product reflects sponsored research reports. 

Goldman Small Cap Research is not affiliated in any way with Goldman Sachs & Co.

It is important to note that while we may track performance separately, we utilize the same coverage criteria in determining coverage of all stocks in both research formats. Please view the company’s individual disclosures for each engagement, which can be found in each company-specific report. All information contained in this blog, newsletter and in our reports were provided by the Companies or generated from our own due diligence. Our analysts are responsible only to the public, and are paid in advance to eliminate pecuniary interests, retain editorial control, and ensure independence. Analysts are compensated on a per report basis and not on the basis of his/her recommendations. 

The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research did not make an independent investigation or inquiry as to the accuracy of any information provided by the Company, or other firms. Goldman Small Cap Research relied solely upon information provided by the Company through its filings, press releases, presentations, and through its own internal due diligence for accuracy and completeness. Such information and the opinions expressed are subject to change without notice. A Goldman Small Cap Research blog, report, note, or newsletter is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed.

This blog does not take into account the investment objectives, financial situation, or particular needs of any particular person. This blog does not provide all information material to an investor’s decision about whether or not to make any investment. Any discussion of risks in this presentation is not a disclosure of all risks or a complete discussion of the risks mentioned. Neither Goldman Small Cap Research, nor its parent, is registered as a securities broker-dealer or an investment adviser with FINRA or with any state securities regulatory authority.

ALL INFORMATION IN THIS BLOG, REPORT OR NEWSLETTER IS PROVIDED “AS IS” WITHOUT WARRANTIES, EXPRESSED OR IMPLIED, OR REPRESENTATIONS OF ANY KIND. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE FOR THE QUALITY, ACCURACY, COMPLETENESS, RELIABILITY OR TIMELINESS OF THIS   INFORMATION, OR FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT MAY ARISE OUT OF THE USE OF THIS INFORMATION BY YOU OR ANYONE ELSE (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, LOSS OF OPPORTUNITIES, TRADING LOSSES, AND DAMAGES THAT MAY RESULT FROM ANY INACCURACY OR INCOMPLETENESS OF THIS INFORMATION). TO THE FULLEST EXTENT PERMITTED BY LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY, OR OTHER THEORY WITH RESPECT TO THIS PRESENTATION OF INFORMATION.

For more information, visit our Disclaimer: www.goldmanresearch.com

Add comment
  • No comments found