You can’t exactly throw darts at a list of tech stocks and expect to bullseye a winner, but the sector has more than its fair share of outstanding, wildly profitable investments, from Apple Inc. (NASDAQ: AAPL) and Amazon.com Inc. (NASDAQ: AMZN) on down.
But… every once in a while, you come across a dog – “a dog with fleas,” to borrow a phrase from the 1984 Michael Douglas/Charlie Sheen classic Wall Street.
I’m talking about a tech stock that ticks all the boxes – all the wrong boxes, that is.
And did I mention it’s a fintech? That’s a space practically overflowing with winners. These folks took down just $8.7 million in income in 2021 from a space worth $110 billion. Net income, across the board, is millions into the red. That’s the least of it.
So – it’s a “sell.” A resounding “sell.”
I’m going to show you how to make some money as you kick it to the curb and I’ll name three other stocks and funds packing serious profit potential in today’s Buy, Sell, or Hold. Just watch…
Now I’ve got a “buy” recommendation: “pre-IPO rights.”
“What are they?” you ask. Well, they’re not stocks, but they can be even better. They represent a chance to own some of America’s hottest, most innovative companies before they go public, and in a lot of cases you can acquire these rights for a buck – or much less, in this one case.
I know of a cryptocurrency business offering these special rights for around 70 cents right now – less than the price of a can of soda. And because it’s a crypto business, it can make money no matter what crypto does. That’s one of the reasons why I’ve seen one-year price projections of $7 on these rights. In other words, for every $100 an investor put in today, in a year, they could be looking at $1,000. I’ll walk you through it…
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.