August 2023

Stock I'm watching this month:-

RUNE - ThorChain

Sector: Crypto
Market Cap:  550 Mil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A 
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: ThorChain is a decentralized liquidity protocol that allows users to swap cryptocurrencies. This protocol is unique in that the swaps are done between native tokens. RUNE is used as the native token to pay for the swap fees. The price has been rising recently due to the lending coming online.

Risk: Cryptocurrencies are a speculative asset. There is also risk with bugs and hacks due to bridging between block chains. 

Sentiment: Buy
Disclosure: Held
Current Price: 2.5611 AUD
My Strike Price: 2.1367 AUD (Morningstar Fair Value: N/A)   
My Stop Loss: 1.853 AUD


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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