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Our Readers Won With Global Arena Holding Inc (OTCMKTS:GAHC), Here's What's Next

Our Readers Won With Global Arena Holding Inc (OTCMKTS:GAHC), Here's What's Next
Written by
Chris Sandburg
Published on
August 15, 2017
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Back in June, one company that we took a look at on a couple of occasions was Global Arena Holding Inc (OTCMKTS:GAHC). The company formed part of what we might deem our cryptocurrency series, as part of which we sought to highlight those companies in the digital currency space that we felt might be worth picking up an exposure to and that we believed offered traders and investors a way to draw profit from the recent upsurge in the value of bitcoin without actually having to buy bitcoin itself.Our coverage was broken down into two primary approaches. GAHCThe first argued that there might be some degree of value in a long-term holding, but it was a risky play. The second was rooted in a quick turnaround profit and, for those that missed it, is available here. The piece, titled "Here's A Nice Opportunity For Quick Profit In Global Arena Holding" basically outlined the fact that the company's share price was tracking that of bitcoin as an underlying asset and that the then-dip was an opportunity to buy in ahead of a recovery. In other words, we felt that the dip in bitcoin was a temporary correction and, if that was the case, so should be the dip in Global Arena Holding.Turns out we were on the money.At the time, the company was trading for $0.028 a share. This week, this has risen to highs of $0.044 a share – a 100% premium in a matter of weeks.The question now, is, what's next?Well, it's fair to say that this company hasn't given us much in the way of operational updates over the last few months and this makes forming any sort of long-term bias difficult. We know that Global Arena is working to apply the technology that underpins bitcoin, blockchain technology, to a range of commercial areas, the primary of which right now seems to be elections. How it will fare in this application, or more specifically in its attempt to execute on this application, remains unclear. The potential for blockchain technology to change the way people vote and how elections are counted has long been heralded as one of the most obvious tie-ins between blockchain and mainstream technology, but Global Arena isn't the only company working on it.With this in mind, we're going to yet again refrain from putting forward a long-term bias on the stock. It would be possible, but it would also be highly speculative and we believe that there are better long-term exposures to the bitcoin space available right now.That's not all we have to say about this one, however.Over the last 24 hours or so, Global Arena has taken a circa 30% hit on the above-mentioned highs. As a long-term investment, this wouldn’t be our favorite, but as a day trader's exposure, this is one of the best stocks out there. Buying the dip has repeatedly served up double-digit returns in very short periods of time and we believe that the latest dip is yet another opportunity to pick up an exposure ahead of a return to the upswing and draw a short-lived, but very quick turnaround profit from the market.People are looking for these sorts of plays right now but volume remains relatively thin, especially at this end of the market. This makes these sorts of dips and upswings bread-and-butter for a day trader and we're going to keep an eye on this one over the coming months in anticipation of our thesis playing out in this fashion.So long as bitcoin continues to rise and, right now, there looks to be no reason why it won't, companies like Global Arena are going to serve up nice quick exits for the shorter term operators.If our thesis changes and, specifically, if we get any new information, we may be able to form a long-term bias on the stock. If this is the case, we will update as appropriate.Check out our previous coverage of this one here. We will be updating our subscribers as soon as we know more. For the latest updates on GAHC, sign up below!Image courtesy of Steve Garfield via FlickrDisclosure: We have no position in GAHC and have not been compensated for this article.

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