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Good morning, Jeff Bishop here and I cannot wait for trading to get started this week! |
We have been on an absolute heater lately with new ideas, and I think today's could become one of the biggest yet! |
Remember that recent reverse merger stock I talked about on Friday? |
It went vertical during the day, and since I told you about it before the market opened, you got a front-row seat to see it soar over 27% just a few hours later. |
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And before that, I shared my thoughts on a new "Bird Flu" play that was gaining popularity. |
Well, as you recall, the very next day, you saw it gain over 20% and hit a new 52-week high for the year… |
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And of course, the week before that I showed you another small biotech I thought was primed for liftoff… and it rallied over 20% shortly after, and also hit a new 52-week high. |
Like I said… the picks have been on fire lately! 🔥 |
TODAY, I think I've found a new one with even more potential than all of these. |
If you read any of my emails this weekend, you know that I am super hot on crypto mining right now. |
I shared a lot of reasons this weekend, so please re-read some of my emails to get educated on the opportunity at hand so you are up to speed. |
There is one stock in that sector that I think clearly stands above the rest in terms of valuation and price action that demands attention. |
That stock is Gryphon Digital Mining (GRYP). |
Pull up GRYP on your platform right now, and you'll see what I mean. |
As usual, let's start by looking at the price chart. |
The first thing that jumps out at me is the strong "wedge pattern" forming. |
I drew the upper and lower ranges on that wedge below… |
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This is usually a pretty bullish pattern, but for true confirmation, we need to see a breakout above $1.65, and hold there. |
If that happens, I think that would signal a true breakout, and it could get really exciting. The good thing about this is that GRYP is really close to that level already. |
Today could be a crucial day for the stock, so make sure you are keeping a very close eye on it. |
Of course, the breakout could be to the downside. That would be disappointing, but a closing price under $1.40 would suggest to me that the next move higher might not quite be ready yet. |
As I said, I expect today to be a very decisive day for GRYP. |
When it comes to technical analysis, I always like to see what the expert indicators at TipRanks suggest. |
Right now, that's flashing a "strong buy" signal. |
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You could find the same thing on lots of different sites right now, but all that really matters is price action, right? |
All the indicators in the world can point in one direction, but I want actually to see the stock move up as validation. |
So buckle up! Today could develop into a real "feeding frenzy" if things continue to fall in favor of GRYP. |
I'll send an update out later today with my thoughts on the trading action, but I want to get this on your radar right away so you can start to watch it even before the market opens today. |
In addition to the technical price set up, you will be blown away when you dig into the details of GRYP's business. |
Gryphon Digital Mining (GRYP) is a Bitcoin mining company that uses exclusively renewable energy. |
In case you missed my email yesterday, bitcoin mining is the process of adding new blocks to the blockchain for which miners are rewarded with new bitcoin and with processing fees. |
GRYP's operation is based on the St. Lawrence River in upstate New York, enabling its energy-intensive "mining" computers to run on 100% hydro power. |
The company is so environmentally conscious, it's actually carbon negative. It purchases carbon credits to offset even its employees' travel and delivery of its machines. |
Last year, the company was the first bitcoin miner to receive the Green Proofs for Bitcoin certification from the independent non-profit Energy Web. This could prove critical for large asset managers with an ESG approach. |
But even with its focus on clean energy, GRYP is one of the most efficient miners in the game… |
Since its inception, the company has ranked in the top three of its publicly declared peers. |
In 2023, it ranked first among peers for nine months and second for three months: |
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GRYP has secured 28 megawatts of power for its approximately 9,000 mining machines. |
In 2023, the company produced 788 bitcoin-equivalent coins. At the present valuation, that's $48.5 million USD in crypto. |
On Twitter/X, CEO Rob Chang said that GRYP's average cost to mine each bitcoin in 2023 was only $18,200. |
Mr. Chang also pointed out that bitcoin mining companies expose investors to the potential growth of the mining operation. |
Of course, that growth will come down to whether the operation is being managed by the right people, and GRYP leadership certainly has the right pedigrees: |
CEO Rob Chang previously served as the CFO of Riot Blockchain (RIOT), which now has a $2.66B market cap. Its CFO, Sim Salzman, was the CFO of Marathon Digital Holdings (MARA), $4.68B market cap. Its CTO, Chris Ensey, is the former CEO & COO of Riot Blockchain.
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The company only started trading on the NASDAQ in February, and Mr. Chang said that the company is now "[looking] forward to the opportunity to aggressively expand through machine purchases and M&A opportunities." |
He's especially looking to capitalize on last month's bitcoin "halving" as he believes many bitcoin miners aren't well situated for the now-reduced rewards they now get due to the event. That could mean attractive acquisition opportunities for GRYP. |
If you saw my email yesterday evening, you know those deals can lead to rapid, dramatic surges in stock price. |
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration. |
Bottom line: This is truly an exciting opportunity right now. We have a combination of stellar business fundamentals in one of the hottest sectors of the entire market and a "strong buy" technical trading signal for GRYP, virtually screaming at us right now. |
If that isn't enough for you, I don't know what else you could want? |
Today is going to be awesome! |
Make sure you have GRYP front and center on your radar from the very start. |
To Your Success, |
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Jeff Bishop |
P.S. Make sure you join me and over 1000 traders in the Market Master's trading room today for live trading signals and education. You can access it at no cost right now. |
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Questions or concerns about our products? Email Support@ragingbull.com |
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Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call "typical." |
Just a quick heads up about this ad you're reading—as we've said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received one hundred thousand dollars (cash) from Advanced Media Solutions for advertising beginning on May 13 and ending on May 24 of 2024. Advanced Media Solutions was hired directly by Gryphon Digital Mining, Inc. Previously, we received twenty thousand dollars (cash) from Sideways Frequency, which was paid by outsiders who are not part of the company for advertising Gryphon Digital Mining, Inc for a one day marketing program on March 11, 2024. This amount was paid by someone else not connected to Gryphon Digital Mining, Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case. |
Now, diving right into Gryphon Digital Mining might sound exciting. But remember, it's like venturing into the wilderness—be aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in. That's why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional investment advisor.. |
Oh, that brings us to another crucial point—we're not here to tell you (or even recommend) what you should do with your hard-earned money. We're simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We're obviously biased in our writing. We're not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as "forward-L00king statements" under the securities acts, so take those with a grain of salt. As with all forecasts, they're not set in stone, often wrong, and we certainly can't know where the Company's earnings, business, or share price will be tomorrow or a year from now. |
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who's licensed to give you real advice. To be clear, |
neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advisor (IA), or IA representative with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization. |
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture. |
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