Kodak, AMERI Holdings, Recon Technology, SPI Energy and NQ Mobile

The common between Kodak, AMERI Holdings, Recon Technology and NQ Mobile is blockchain-related news.

Once the blockchain-related news announced, those stocks started to move sharply, for example:

Following the news about Eastman Kodak Initial Coin Offering (ICO), the company’s shares rallied from $3.1 on 08.01.2018, closing at $6.8 on 09.01.2018, and $10.70 on 10.01.2018. Furthermore, the trading volume soar from $255,700 on 08.01.2018 to $71,427,400 on 09.01.2018, and up to $107,512,900 on 10.01.2018. On 16.01.2018 the trading volume and the stock price were still higher, compared with 08.01.2018 ($8,624,122 and $8.5, respectively).

Following AMERI Holdings announcement (establishment of a blockchain initiative aimed at improving supply chain visibility, transparency and efficiency), the company shares soar from $3.42 on 09.01.2018 to $5.88 on 10.01.2018. In addition, the trading volume increased from $30,300 on 09.01.2018 to $13,615,800 on 10.01.2018. On 16.01.2018 the trading volume and the stock price were still higher, compared with 09.01.2018 ($532,200 and $3.98, respectively).

Following Recon Technology announcement (to Create Blockchain Mobile Shopping System), the company shares soar from $1.71 on 12.01.2018 to $3.03 on 16.01.2018. Additionally, the trading volume increased from $666,500 on 12.01.2018 to $46,088,600 on 16.01.2018.

Following SPI Energy announcement, that it has established a strategic partnership with Hoofoo Inc. (“Hoofoo”), the leading hack-proof cryptocurrency wallet for iOS and android phones, the company shares soar from $0.63 on 12.01.2018 to $1.04 on 16.01.2018. In addition, the trading volume increased from $178,400 on 12.01.2018 to $18,032,800 on 16.01.2018. On 18.01.2018 the trading volume and the stock price were still higher, compared with 12.01.2018 ($19,540,956 and $1.09, respectively).

Following NQ Mobile announcement (plans to integrate blockchain and AI capabilities into their CarBrain project for software-designed cars), the company shares soar from $3.98 on 09.01.2018 to $4.53, opening price on 10.01.2018. Moreover, the trading volume increased from $694,100 on 09.01.2018 to $8,425,200 on 10.01.2018.

We feel it is needed to ask the following questions:

Is the share price increase can be justified? Is it FOMO (fear of missing out)? Is it only hope that something good will come out of this new business model? Is it a bubble?

We can think about few good answers for those questions, but we think you already know the answer.

Please note, the stocks mentioned are volatile, and therefore may be very risky. You should consult with independent financial adviser, before making any investment decisions.

You should only use register financial adviser, if things goes wrong, he/she may have professional liability insurance, and you may be able to get back your money.