SOS Stock Is LIkely To Come Under More Pressure

InvestorPlace2021-04-20

The euphoria in SOS stock appears to be at an end. SOS Limited(NYSE:SOS) stock has had a dizzying ride so far in the year. SOS ended 2020 at $1.48. On Feb. 17, it hit a multi-year high of $15.88. Now...

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Comments

huat168
2021-04-20
huat168
All big name companies are plunging too! Why should we worry? Stock market suppose to have huge correction now??
Jeremyyeojc
2021-04-20
Jeremyyeojc
Nonsense..it is time to buy SOS now. Since it is on firesale
James86
2021-04-20
James86
I want to say...
- Milvis:
  comment
Dittosg
2021-04-20
Dittosg
Just buy the crypto directly?
- Dittosg:
  but good to be diversified portfolio
- ASKYX:
  yep
- jw321:
  bought a small portion as my port. not a true believer, hence the small portion.
- 心投资:
  If you dare to take on the risk

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Now...</p>\n\n<a href=\"https://investorplace.com/2021/04/sos-stock-is-likely-to-come-under-more-pressure/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SOS Stock Is LIkely To Come Under More Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSOS Stock Is LIkely To Come Under More Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 10:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/sos-stock-is-likely-to-come-under-more-pressure/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The euphoria in SOS stock appears to be at an end.\n\nSOS Limited(NYSE:SOS) stock has had a dizzying ride so far in the year. SOS ended 2020 at $1.48. On Feb. 17, it hit a multi-year high of $15.88. Now...</p>\n\n<a href=\"https://investorplace.com/2021/04/sos-stock-is-likely-to-come-under-more-pressure/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://investorplace.com/2021/04/sos-stock-is-likely-to-come-under-more-pressure/","article_id":"1124498311","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124498311","pubTimestamp":1618886314,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"The euphoria in SOS stock appears to be at an end.\n\nSOS Limited(NYSE:SOS) stock has had a dizzying r","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"SOS库存可能面临更大压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOS":0.9},"content_text":"The euphoria in SOS stock appears to be at an end.\n\nSOS Limited(NYSE:SOS) stock has had a dizzying ride so far in the year. SOS ended 2020 at $1.48. On Feb. 17, it hit a multi-year high of $15.88. Now shares are down to $4.15. Although there have been daily short-term rallies in the stock in recent days, they have all fizzled out.\nNow market participants wonder what might be next for SOS. Potential investors should not buy SOS stock as it is pure speculation at this point. Instead, they could use their hard-earned capital to invest in other shares that have verifiable businesses with high-growth potential.\nLet’s see why.\nWhy SOS Stock Has Declined\nMomentum stocks like SOS stock receive significant daily attention. But amid such short-term choppiness, retail investors do not always find it easy to get the whole story behind a company. China-based SOS regards itself as a cryptocurrency miner. Therefore, for most crypto miners, their share prices have become somewhat of a proxy for these digital assets.\nBitcoin(CCC:BTC-USD),Ethereum (CCC:ETH-USD) and other cryptocurrencies have seen new record highs. For instance, year-to-date (YTD), BTC and ETH have gained over 90% and 195%.When cryptos rise, miners rise; when cryptos fall, miners fall. Therefore, anyone investing in SOS stock would especially need to keep a close eye on the price of Bitcoin.\nHowever, there is more to the roller-coaster moves in SOS stock. The rapid decline in the share price has mainly happened as a result of two separate reports byHindenburg Researchand Culper Research. Thesefirms now haveshort positionsin the shares.\nThus, the market has been abuzz withthese reports,which “find the Company’s claims regarding its supposed cryptocurrency mining purchases and acquisitions to be extremely problematic, if not fabricated entirely.” They clearly state that they believe SOS shares are “worthless.”\nAs a result of these reports, SOS stock is now on the short-squeeze list of Reddit traders, causing wild short-term swings. But potential investors need to look beyond these daily moves.\nUnderstanding What SOS Does\nAccording to a MarchSEC filing, SOS was set up in Delaware in July 2004 as China Risk Finance LLC.  Initially, it provided credit analytics services. The American Depositary Shares (ADS) commenced trading in April 2017 under the symbol XRF. In late 2018, the group started to transition the business to other industries.\nThe SEC report also cites the acquisition of a British Virgin Islands company, Yong Bao Two Limited (YBT), a move that was finalized in May 2020.The second half of 2020 has been busy for the company. The management decided to cease their legacy peer-to-peer lending business and switch their focus to high-tech services including marketing data, technology and solutions for insurance companies and emergency rescue services in China. The stock ticker was also changed toSOS.\nSOS stock’s current business is quite varied. It ranges from data mining and analysis to high-tech services. There’s also an SOS cloud emergency rescue service software as a service (SaaS) platform, a data warehouse with 120 million active customer records, and finally a crypto mining business, according to the filing.\nOn April 12, SOS announced to have entered into anon-binding letter of intent to “acquire the majority of the equity interests of three U.S.-based power plants for its planned crypto-mining operations in North America.”That move is consistent with management’s anticipation to grow its crypto mining operations.\nHowever, SOS does not yet have any revenue from crypto mining. Therefore, it is not possible to verify the extent and the viability of operations until the company releases more information and earnings reports.\nThe Bottom Line on SOS Stock\nIn its early days as China Rapid Finance, SOS operated a consumer lending marketplace. Then came the change of name and the move into an insurance business. And as the price of cryptocurrencies took off, management added crypto mining to its line of business.\nWe should not be surprised if non-fungible tokens (NFTs) also get added to the list of businesses in the coming months.\nGiven its changing operations and questionable revenue propositions, I find SOS stock a risky proposition at this point. We have not had an earnings release since June 2020, when it announced full-year 2019 results. In 2019, revenue declined by 38% from the previous year and net loss was close to $10 million.Those investors who hold paper profits in SOS stock right now might want to take money off the table.\nAt this point, the business does not deserve any hard-earned investment capital. However, if you are speculator and day trader, you might understandably want to ride the wave as long as you are within your well-defined risk parameters.\nReaders interested in the fintech, blockchain or cryptocurrency space might also consider investing in a relevant exchange-traded fund (ETF). Examples include theAmplify Transformational Data Sharing ETF (NYSEARCA:BLOK), theARK Fintech Innovation ETF (NYSEARCA:ARKF), theCapital Link NextGen Protocol ETF(NYSEARCA:KOIN), theGrayscale Bitcoin Trust(OTCMKTS:GBTC), theGrayscale Ethereum Trust (OTCMKTS:ETHE), theFirst Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR), and theSiren Nasdaq NexGen Economy ETF(NASDAQ:BLCN).","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":371642564,"gmtCreate":1618933803758,"gmtModify":1704717200922,"author":{"id":"3577858781887046","authorId":"3577858781887046","name":"huat168","avatar":"https://static.tigerbbs.com/f4331c579b39f5904bca699993489762","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577858781887046","authorIdStr":"3577858781887046"},"htmlText":"All big name companies are plunging too! Why should we worry? Stock market suppose to have huge correction now??","listText":"All big name companies are plunging too! Why should we worry? Stock market suppose to have huge correction now??","text":"All big name companies are plunging too! Why should we worry? Stock market suppose to have huge correction now??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371642564","repostId":1124498311,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":371004947,"gmtCreate":1618889155889,"gmtModify":1704716408566,"author":{"id":"3578061345924822","authorId":"3578061345924822","name":"Jeremyyeojc","avatar":"https://static.tigerbbs.com/96261aa62716a70270967e52a5bcdd13","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"3578061345924822","authorIdStr":"3578061345924822"},"htmlText":"Nonsense..it is time to buy SOS now. Since it is on firesale","listText":"Nonsense..it is time to buy SOS now. Since it is on firesale","text":"Nonsense..it is time to buy SOS now. Since it is on firesale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371004947","repostId":1124498311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":373775854,"gmtCreate":1618887993578,"gmtModify":1704716393611,"author":{"id":"3581838990425039","authorId":"3581838990425039","name":"James86","avatar":"https://static.tigerbbs.com/d45615a03c390a92b500d9159a822060","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581838990425039","authorIdStr":"3581838990425039"},"htmlText":"I want to say...&nbsp;","listText":"I want to say...&nbsp;","text":"I want to say...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/373775854","repostId":1124498311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4080284,"gmtCreate":1618889066139,"gmtModify":1680784760496,"authorId":3579226810003990,"author":{"id":3579226810003990,"idStr":"3579226810003990","authorId":3579226810003990,"name":"Milvis","avatar":"https://static.tigerbbs.com/0c5f9525267133e1e33381f679084a88","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373775854,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":373748886,"gmtCreate":1618886841845,"gmtModify":1704716375577,"author":{"id":"3576934932610535","authorId":"3576934932610535","name":"Dittosg","avatar":"https://static.tigerbbs.com/1b2cff59f82218916755d7d3ff0253b2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576934932610535","authorIdStr":"3576934932610535"},"htmlText":"Just buy the crypto directly?&nbsp;","listText":"Just buy the crypto directly?&nbsp;","text":"Just buy the crypto directly?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/373748886","repostId":1124498311,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4083482,"gmtCreate":1618922679892,"gmtModify":1680784810875,"authorId":3576934932610535,"author":{"id":3576934932610535,"idStr":"3576934932610535","authorId":3576934932610535,"name":"Dittosg","avatar":"https://static.tigerbbs.com/1b2cff59f82218916755d7d3ff0253b2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373748886,"type":1,"supId":4080114,"prevId":0,"content":"but good to be diversified portfolio","text":"but good to be diversified portfolio","html":"but good to be diversified portfolio"},{"id":4080076,"gmtCreate":1618887482737,"gmtModify":1680784759487,"authorId":3573384476205285,"author":{"id":3573384476205285,"idStr":"3573384476205285","authorId":3573384476205285,"name":"ASKYX","avatar":"https://static.tigerbbs.com/abc0878834ac72a13eb7eba318b1743d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373748886,"type":1,"supId":0,"prevId":0,"content":"yep","text":"yep","html":"yep"},{"id":4080151,"gmtCreate":1618887944867,"gmtModify":1680784756113,"authorId":3574053691106982,"author":{"id":3574053691106982,"idStr":"3574053691106982","authorId":3574053691106982,"name":"jw321","avatar":"https://static.tigerbbs.com/1263b51c7856e75fbd5cf4072078ca6e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373748886,"type":1,"supId":0,"prevId":0,"content":"bought a small portion as my port. not a true believer, hence the small portion. ","text":"bought a small portion as my port. not a true believer, hence the small portion. ","html":"bought a small portion as my port. not a true believer, hence the small portion. "},{"id":4080114,"gmtCreate":1618887716371,"gmtModify":1680784755506,"authorId":3578738582837184,"author":{"id":3578738582837184,"idStr":"3578738582837184","authorId":3578738582837184,"name":"心投资","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373748886,"type":1,"supId":0,"prevId":0,"content":"If you dare to take on the <u>risk</u>","text":"If you dare to take on the <u>risk</u>","html":"If you dare to take on the <u>risk</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":25,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1124498311"}