Markets, Cryptocurrency Corner, and Trade Ideas for March 12 2018

MARKETS TODAY :

2 VERY HOT STOCKS TODAY…


RKDA – Arcadia continues rally, up 65%

  • Thinly traded nano cap Arcadia Biosciences (RKDA +64.9%) is up on a healthy 24x surge in volume in the first hour of trading. Shares have tripled since last week.
  • No particular news accounts for the action, although the company looks like it will need additional capital this year. At the end of September 2017, it had ~$15.7M in quick assets and operations consumed $11.3M during the first three quarters.
  • Q4 results will be released on March 20 after the close.
  • Previously: Arcadia Bio licenses gene editing technology CRISPR-Cas9 from MIT’s Broad Institute (Sept. 11, 2017)

BXC – BlueLinx soars after acquiring Cedar Creek

  • BlueLinx (BXC +50.4%) announces that it’s acquiring building products wholesale distributor Cedar Creek for $413M.
  • The purchase price will consist of ~$345M in cash and ~$68M as the agreed value of the capital leases.
  • The transaction is expected to be completed within 45 days.
  • The company anticipates that the addition of Cedar Creek will create a leading building products wholesale distributor with one of the largest product offerings in the building products industry, including over 50K branded and private-label SKUs, and a distribution footprint of 70 national locations servicing 40 states.
  • $50M of annual cost savings are expected within 18 months.
  • Source: Press Release

BLOCKCHAIN, CRYPTO-CURRENCIES CORNER:

BIG 3 ARE DOWN TDA

Bitcoin Is Melting, Again https://seekingalpha.com/article/4155434-bitcoin-melting


GAP-N-GO TRADES:

+OTHER TRADES

TODAY WE INTRO THE “DOLLA HOLLA “…ALSO CALLED “THE WHOLE # ”
WE BUY AS IT GOES THRU THE WHOLE #

  • $DRYS $4 =13C
  • $RKDA in lower ,but now $18 holla take some off .50
  • TTOO 7 dolla holla 21 cents,
  • $MARA $2HOLLA + 9c …
  • $IMMP $2 holla =45c … $TTOO $7 = .29c …
  • $ IFON both $10 and $11 hollas for good coin
  • $MU $58 and $59 hollas …28c for the 59,

HUGE !
$BXC …SEE NEWS ABOVE
ROBOT ( TOO SCARY FOR ME , TY ROBOT ) TRIGGER BUY $19.59
I took some $23.50 and $27.35

BlueLinx Holdings

“IPO SWING TRADE NEW HIGH”

$LX “IPO SWING TRADE NEW HIGH” Triggered Fri at $18.33…ran tda to $19.68…take off 1/3…stop to entry

LexinFintech Holdings


$FUSZ NEWS :

holding @ higher levels

$FUSZ – Chart signals STRONG BUY

interesting post :

Red Raider

@Redraider007007 27 minutes ago

Largely unknown still. $FUSZ a company that has produced the best tech I have seen in a decade. If you could have bought Apple in the 80’s…. don’t miss out with this one. Not your typical OTC company; up-list is imminent.

SEE YOU TRADERS TUESDAY… 👍😎


Regards and Keep On Winning ,

Jack Stewart

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