Investors Keep Piling Into Tech Stocks, Both Large & Micro-Cap

Investors Keep Piling Into Tech Stocks, Both Large & Micro-Cap

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, January 29, 2020

So-called FAANG stocks – Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOGL) – are the tech juggernauts that created many millionaires and continue to power indexes higher today. It wasn’t just those famous five, though, that made the 2010 decade spectacular for tech and has analysts expecting the tech bull market to continue. Names range from household to unheard of and cover that full gamut of tech from chip makers to consumer goods brands to eSports and gaming.

The week started rough for FAANG stocks as selling continued that started on Friday as part of a global stock sell-off with coronavirus fears gripping the world. In reality, all a couple-day sell-off did was give traders an opportunity to grab shares at a discount amidst protracted uptrends.

Investors are looking for value in small and micro-cap tech stocks too and they’re not disappointing. For example, as recently as January 8, shares of Live Current Media (OTCQB:LIVC) could be bought for 3.9 cents each. On January 29, shares are trading at 8 cents, representing a 52-week high and gain of 105% in roughly three weeks.

The rise has worked out well for investors and LIVC leadership, including Director Amir Vahabzadeh, whom, according to a Form 4 filed with the Securities and Exchange Commission, added 25,000 shares on January 10.

Live Current has been building the uptrend since October underscored by the Vancouver-based tech company advancing its two new projects: SPRT MTRX and Boxing.com FEDERATION.

SPRT MTRX was approved this month for Beta testing by the App Store. The free gaming app involves players placing bids on final scores in sports, starting with the National Hockey League with football, basketball, baseball and soccer in queue. The events are organized as “challenges” and cover multiple games over a single day.

Boxing.com FEDERATION has the opportunity to set the bar for online boxing. The structure is similar to actual boxing with weight classes, amateur and pro levels, title belts and rankings. It can be argued that the framework is actually better than the real world because computer algorithms will rank fighters without bias, promoters aren’t involved to help fighters duck bouts with worthy adversaries and there will be only one governing body, instead of the more than a dozen in the world in organized boxing today.

Live Current is aiming to do for boxing what games like Fortnite and League of Legends have done for online gaming. eSports have grown in popularity to compete as bona fide rivals to real-life sports. In fact, eSports are more popular than most other sporting events.

Consider that a 2018 mid-season League of Legends tournament hosted by Germany and France attracted a stunning 60 million online viewers. To give that some context, game 7 of the Chicago Cubs / Cleveland Indians World Series in 2016 was the most watched World Series game on record with 49.9 million viewers.

It’s clear to see that management at Live Current is going all-in with their SPRT MTRX and Boxing.com FEDERATION projects. The Company announced a press release after the market close on January 29th stating that they were selling the exclusive distribution rights to their eBalance microcurrent device to Cell MedX Corp. The Company purchased the rights in March of 2019. This sale of their legacy business puts some money in Live Current’s coffers and lets the company focus solely on their gaming app and eSports boxing business.

Investors and gamers alike will be watching for continued development of SPRT MTRX and Boxing.com FEDERATION and for the official releases later this year.


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