HIVE Blockchain Technologies (HIVE.TO)

Blockchain will enter banking and other industries There was a bubble in this sector. Government won't support blockchain because cryptos support underground/illegal economies. He doesn't understand this sector or its long term value.

Blockchain technology is going to change companies in the near future. He can’t comment on the currencies because that is something they don’t invest in.

Bit Coin has found a value at the cost of production. Some people don't need to own an anonymous currency, but for others it is a good thing. He would not buy the stock, but he could see why one would buy the technology. Other blue chip tech companies will own the development of the technology whereas HIVE-X is speculation.

(Past Top Pick, April 3, 2017, Down 46%) This is a blockchain story--will the technology work? He believes it will because of its cost savings and disrupt the financial system that will go through a cleansing. So, which coins will work? HIVE is growing and have cash in the bank.

This was the first cryptocurrency miner to go public, via a reverse takeover. They are based in Iceland and expanding to Sweden. These are low-cost power jurisdictions, which gives HIVE an advantage. They have a great management team. The stock has been under a lot of pressure. The downside might be another 30% but long term, these are great assets to own. (Analyst’s price target is $3)

He is bullish on crypto currency mining. What is coming down the road he calls proof-of-stake. He prefers HUT-X.

He likes blockchain which will force a massive re-structuring of the financial industry. Hive was the first company to go public with Ethereum Mining Operation, involved in cryptocurrency mining. Fidelity has been buying Hive for its mutual funds. (Analysts' price target $3.54)

He has never invested in it. When the company was raising funds, it was doing so at sizable discounts, which caused some concern. He does not yet understand how this technology will play out, so they are sitting on the sidelines. He is not sure this company could be a long term sustainable crypto-miner. He would only trade this on a tight-stop.

He is not in the space. Block chain is a seriously valid technology and this company has a lot of the attributes you would look for in a company but it is way too early stage. It is in the speculative category even if quite worthwhile. Part of the problem is that the stock has been highly promoted and this turns him off even more.

Crypto currency and Bitcoin is a brand-new field. You are seeing a huge proliferation of companies. The question is, who is going to survive. He doesn't know this company, but does know the space reasonably well, and you have to choose very, very wisely. There is a bubble going on here. If people choose the wrong companies, they are going to lose a lot of money. Blockchain is here to stay, and that makes sense. Look carefully at the balance sheet, income statement and management.

The grand daddy of the block chain names and the first one to go public in Canada. They are miners that mine for something other than hard assets. His office has been taking a closer look at these things. This has the most liquidity and the most credibility but he is not in this sector.

Another Block Chain technology and Block Chain mining company. It is data accumulation and mining. It is a strange area. Block Chain was set up with the miners rewarded for their mining of new coin. It is limited to $21 Million. It is mind boggling the amount of computing power needed to mine this crypto currency.

He has never made such a return in such a short time. They have done an amazing job. They promoted the story well and did so for the right reasons. He has seen insiders buying it and they are doing all the right things but he can’t recommend a stock that he bought at one tenth the price it is at now. There is money to be made in this space.

Digital currency is really interesting. Doesn’t think anyone really knows what is going on generally. The real large demographic news case is still getting developed. You have to going to the space with eyes open. It is speculative. If you have a speculative portion of your portfolio and understand you may lose 50% or 100%, you can make a case for this. He thinks it is going to get interesting when the markets open up a bit and you get ETF’s holding these.