I just designed a screen to uncover stocks evidencing recent momentum, and this is what I got. So, I'll be observing them for a few weeks to see if the filter turned up companies that are on their way to higher ground, or ones that have just peaked and are now poised to fizzle out.
Seeing as how BRPHF has been climbing more-or-less steadily over the last year, I went ahead and bought into the company this morning. (Had I invested a mere $740 to buy 1000 shares in April of last year, I'd be looking at over $28,000 today. However, the stock shot up to just under $20 in January of 2018, only to plunge back down to $2.17 by August, and then to 78ȼ by the end of the year, so I have no idea if this is going to pay off in the long run.)
Image from TC2000
According to SeekingAlpha, Galaxy Digital Holdings Ltd., is an asset management firm that operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates in five business lines, which include trading, asset management, principal investments, investment banking, and mining. The company buys, sells, lends, and borrows cryptocurrencies and other digital assets, which include over-the-counter (OTC) liquidity provision, on-exchange market-making, OTC derivative trading, options, futures, borrowing and lending, proprietary quantitative, arbitrage, and macro trading strategies. It also manages third party capital across various traditional asset classes comprising macro hedge funds, long/short equity hedge funds, venture capital, and various structured credit and direct lending funds. In addition, the company offers advisory services, such as general corporate, strategic, mergers and acquisitions, divestitures, and restructuring advisory services, as well as equity, debt, and project finance capital markets services to public and private clients. Further, it manages various products and services related to bitcoin mining by sourcing clients, creating miner focused products, and identify new solutions; and provides trade and risk management solutions, and principal lending and equity investments, as well as advisory services for bitcoin miners. Additionally, the company manages a portfolio of private and public principal investments across digital asset, cryptocurrency, and blockchain technology sector, including early- and later-stage equity, secured lending, pre-initial coin offering contributions, and other structured alternative investments. Galaxy Digital Holdings Ltd. is headquartered in New York, New York.
