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SOS Limited
(NYSE:SOS)
SOS Limited

SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members. It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and inte...
Founded: 2001
Full Time Employees: 2,020
CEO: Russell Krauss  
Sector: Finance and Insurance
Industry: All Other Nondepository Credit Intermediation
Stock price: $4.53 (-0.43%)
3 Penny Stocks That Are Popular With Reddit Traders Right Now
By: pennystocks Penny Stocks [pennystocks.com]    
   on Jul 15, 2021

Are These Reddit Penny Stocks Worth It or Not?

Over the past year, penny stocks and retail traders have become synonymous with one another. While this has increased the volatility of penny stocks, it has also brought in billions in new capital and higher than average volume. One of the largest catalysts for the rise of trending stocks is Reddit.

This is where many investors come together to discuss the best penny stocks to buy, which companies could have potential, and everything in between. And while it is difficult to predict which penny stocks may become Reddit penny stocks, it is easy to see the after-effects.

[Read More] Top Penny Stocks to Buy in 2021? 6 To Know About in July

One thing to keep in mind as mentioned before is that when a penny stock is frequently discussed on social media, it tends to see much higher levels of volatility than usual. This is common with penny stocks, but even more so once it begins to trend. So, considering all of this, let’s take a look at three penny stocks that are popular with Reddit traders right now.

3 Reddit Penny Stocks to Watch in July 2021

SOS Ltd. (NYSE: $SOS) Color Star Technology Co. Ltd. (NASDAQ: $CSCW) Citius Pharmaceuticals Inc. (NASDAQ: $CTXR)

SOS Limited (NYSE: SOS)

SOS Limited is a tech penny stock that is up by as much as 78% YTD. This is a solid gain, despite shares of SOS stock dropping in the past few weeks. The company provides data mining and analysis services to insurance companies, financial corporations, medical institutions, healthcare providers, and more.

Additionally, SOS is also involved in cryptocurrency mining and blockchain-based products. One thing to keep in mind is that SOS stock is highly correlated with the price of cryptocurrency. Because it does mine crypto, it tends to be more volatile than many other penny stocks. However, it continues to show faith in the long-term future of the blockchain industry and could be worth keeping an eye on for that reason. On June 21st, SOS entered a joint venture agreement with Niagara Development and increased its blockchain operations in the U.S.

“SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance, and other industries.

We decided to acquire a sustainable power supply as far as possible, as we expand our blockchain operations into North America and look forward to the successful operation of the joint venture. We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC.” - The Chairman of SOS, Yandai Wang

The company has experienced a great deal of attention in the past month or so. This is partially due to its cryptocurrency ties. At one point in February, the company skyrocketed in value and even surpassed $12 per share. Now on July 15th, shares of SOS stock sit at around $2.50 per share on average. Considering its role as a blockchain penny stock, is SOS worth adding to your watchlist in July 2021?

Color Star Technology Co. Ltd. (NASDAQ: CSCW)

Color Star Technology Co. Ltd. is a penny stock that provides music education services and much more. Its Color World platform offers a curriculum on music, sports, animation, film, and several other pertinent educational needs. The program also provides celebrity lectures, concert videos, products, and more.

[Read More] Hot Penny Stocks To Buy Today? 3 To Watch Before Next Week

Color Star Technology is primarily based in the United States and China. While it is more or less an education penny stock, it has moved into the NFT market in the past few months. Although this seems like a strange direction for the company, it also believes in the long-term future of aspects related to blockchain. Only recently, Color Star began ticket sales for its Dubai concert event on July 14th. The event will take place on July 23rd, and is expected to be a very large gathering.

“The Arab region has a population of 420 million people with vast cultural and entertainment needs. Through this performance, we hope to not only promote the local entertainment industry but also gain recognition of the company in the Middle East. We invited two super influential celebrities from the region to help drive ticket sales and increase our fan base via live performances and online interaction.” - The CEO of Color Star, Mr. Basil Wilson

Despite some less than stellar performance in the past week or so, shares of CSCW have increased by around 28% in the past six months. Again, due to its involvement in crypto, CSCW stock does tend to rise and fall with the price of popular cryptocurrencies. At the start of the year, this penny stock was at $0.66 per share. Now shares of CSCW are close to $1 per share on average on July 15th. With this upcoming event in mind, will CSCW stock be on your watchlist this month?

Citius Pharmaceuticals Inc. (NASDAQ: CTXR)

This next company, Citius Pharmaceuticals Inc., is a biotech penny stock with increasing popularity right now. Citius develops and commercializes critical care products such as anti-infectives, cancer treatments, prescription products, and more. Currently, it is developing Mino-Lok which is an antibiotic for those with catheter-related bloodstream infections. The company is in development with several other compounds as well.

On July 7th, Citius provided an update on its business for the first half of 2021. The company stated that it’s Phase 3 Mino-Lok trial is currently going as planned, following recommendations by the independent data monitoring committee. It states that it should have a submission for a New Drug Application in 2022 and expects to complete Phase 3 by year-end 2021 or early 2022.

“On July 1, 2021, we reported that the independent Data Monitoring Committee (DMC), following its third interim review, recommended continuing the Phase 3 trial for Mino-Lok® without modification.

This recommendation affirms that there is an important efficacy signal that merits moving forward with the trial, there are no safety concerns to warrant halting the trial, and that the full data set upon trial completion may support statistically significant superiority.” - The CEO of Citius, Myron Holubiak

With this trial in full effect, will you add CTXR stock to your watchlist this year?

Reddit Penny Stocks Continue to Show Potential in 2021

With hundreds of penny stocks to choose from for your watchlist, making a concrete decision can sometimes seem difficult. However, with the right research on hand, and a commitment to finding value, any investor can be as informed as the best traders out there.

[Read More] Small Cap Biotech Stocks Should Be On Your Watch List In 2021 & Here’s Why

While Reddit penny stocks may be volatile, if you know when to buy and sell, it can be a profitable endeavor. Considering all of this, it’s no wonder that Reddit penny stocks continue to show potential in 2021.

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Bitcoin drops 15% at a point over the weekend
By: ssmlee04 Community Lead :))   💬 98   
   on Apr 19, 2021

Tomorrow is probably going to be a bad day for crypto stocks. $mara, $sos, $riot and others.

https://i.imgur.com/Byb6v6P.png


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Bitcoin reached 60,000 level now and is consistently reaching all time high every couple days
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 14, 2021

Bitcoin is moving up at a consistent pace and reaching all time high once every few weeks. And it reached $61,000 today. It's most likely we would see blockchain stocks like $mara, $ncty, $riot, $sos going up again next week. $sq and $tsla is probably going to be good as well with their bitcoin exposure. Tesla purchased a lot of coins at $30,000 level and their investments on that batch is already up 100%. And that is about a couple hundred millions to 1 billion of gains on paper already.

https://i.imgur.com/AeK8byZ.png

https://i.imgur.com/VgKI9Aa.png

Keep in mind that it costs a few billion to build a gigafactory. And that means they just make 20-25% of the money to build another gigafactory (if they sell). And when bitcoin continues to go up then they can use that to build more factories and scale up their production efficiently that no other EV competitors can.

Square also has a lot of bitcoins. Also they have a large number of bitcoin enthusiasts and the Cashapp community is growing. And with Tesla and Square having a moderate weight in the indexes the outlook for Nasdaq and S&P500 is great for the next week at least.

Investing in $sq and $tsla for blockchain exposure makes sense because they're well-managed companies with a good reputation. What I don't understand is those who invest in companies like $ncty or $sos or others. There were blockchain companies going Kaizer Soze a few years ago when they claimed their founders went missing abroad or dead and then all the bitcoins on the accounts are lost because those companies cannot recover the coins anymore. And then the investors just lose everything. There's no guarantee that wouldn't happen again for blockchain companies in 2021, because human nature doesn't change.

And for mining companies like $sos they literally are just a factory running a lot of miners. And that's it. There's no guarantee if those companies would continue to exist in a few years because, in my opinion, it is not hard to setup a factory of minors to do that. You do not need talents to do that, you only need electricity and money to do it.

Also what I find interesting is if you think bitcoin is going to have a good future shouldn't you just invest in bitcoins directly? You can invest in companies investing in bitcoins for you but to me it's just like giving your money to others to let them gamble for you. But it seems a lot of people think that is a great idea in 2021.

So watch out when you invest in those blockchain companies. They're likely to continue to be good in the next while but be vigilant and only invest in the best ones, because if bad things happen you might lose everything but at least you'd feel less remorse than if you don't do your due diligence at all.

Cheers.


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Bitcoin broke through $55,000, stirring speculation it could test the record set last month.
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 10, 2021

https://www.bloomberg.com/news/articles/2021-03-10/bitcoin-extends-climb-topping-55-000-as-risk-appetite-revives

This probably means $riot, $mara, $sos, $ncty, $mstr those stocks would continue to outperform in the next while.


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SOS - great opportunity for short squeeze
By: yjaplomb lazy guy   💬 10   
   on Mar 01, 2021

$sos - has been severely manipulated and damaged by false allegations of Hidenberg Research Twitter regarding lack of existence of SOS headquarter building in China, and lifting of mining equipments off another company’s website along with a few other allegations regarding similarities of website fonts to its subsidiary. Based on these insufficient evidences, Hidenberg Research destroyed SOS shareholders’ values last week by claiming that it thinks $SOS has scammed $198 million from investors.

However, all evidence seem to point to legitimacy and existence of $SOS headquarter behind the hotel that Hidenberg allegedly visited. Also, underwriters for the $198 mil. gross proceeds include Morgan Stanley and Credit Suisse, their reputations are also on the line. It would be very odd the none of the major investors would examine mining rigs before investing significant sum of their money. It is irresponsible, unethical, and sad how short sellers like Hidenberg Research can sacrifice shareholders’ interests to unjustly enrich themselves without feeling guilty...


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