I’m putting the finishing touches on the mid-month portfolio update as Bitcoin crosses the $60K barrier for the first time in six months. A few months ago I put out a “speculative” buy on Link Global Technologies (CSE:LNK) as a “picks-and-shovels” play on the Bitcoin mining industry.
Link is a dud, with regulatory headwinds out in Alberta and various deals stalling, it’s time to pull the plug in this one and redeploy the capital something else.
Don’t wait for it to recover, because that could take awhile and until then it’s just dead capital. Take the loss, as will I, and we’ll move onto something else that will make it back (and more) sooner.
FORT and NDA are both similarly priced (under $1) but don’t let the price point limit your options, it’s perfectly fine to add to any other position you want to firm up. COIN and GLXY are still sleeping giants (which I speak to in the forthcoming update).
There are also our newer picks: DeFi Technologies (NEO: DEFI and PINK: DEFT) and WonderFi Technologies (NEO: WNDR PINK: WONDF) which have been doing pretty good since we put them out.
But with the entire sector on fire today and LNK doing not much of anything, it’s time to put this position out of its misery.
The mid-month portfolio update will be out either later tonight or over the weekend.
