You are on page 1of 11

THE MOST EXPLOSIVE CRYPTO

PLAYS FOR 2018


By Teeka Tiwari
THE MOST EXPLOSIVE CRYPTO PLAYS FOR 2018
By Teeka Tiwari

Cryptocurrencies are going berserk right now. huge potential payoffs. The type of bets that can
make you a solid payoff without risking your life
According to The Wall Street Journal, analysts savings.
are warning of a trading frenzy.
And here’s the thing…
Bloomberg reports cryptos are minting a new
class of millionaires. What you’ve seen so far is just a small sample of
dozens of cryptos that could have paid you in-
In the past 12 months, no investment market in credible gains in 2017.
the world has grown faster, or produced more
explosive gains, than cryptocurrencies. Can you think of any other investment where you
can risk so little and gain so much?
It’s the only market I know of where you can risk
as little as $100 and make tens of thousands of I sure can’t. And we aren’t the only ones who like
dollars. cryptocurrencies.

The time to get in is now. Big money and names are starting to flow into the
space. Venture capitalists have invested over $3.8
The market is so tiny. And it’s off the radar of billion in cryptocurrency startups.
most investors. But I can assure you it’s real and
producing some spectacular gains. That includes folks like Peter Thiel, co-founder of
PayPal and the first outside investor in Facebook.
• Take Binance, for example. This crypto-
currency rose 8,022% in 2017 alone. That’s Marc Andreessen, a Netscape co-founder and one
enough to turn every $200 you invested into of Silicon Valley’s most influential venture capital-
over $16,000. ists, is also investing in cryptocurrency startups.
• Or how about EOS? It jumped 752% in just And then there’s billionaire Richard Branson…
180 days. Yahoo co-founder Jerry Yang… Salesforce CEO
• And then there’s ZCoin. Investors made Marc Benioff… Google Ventures… and more.
22,900% over 2017.
The banks are getting in on the game, too. JP-
You’ve likely never heard of these tiny, little-known Morgan Chase, Barclays, Citigroup, and Goldman
crypto plays. But don’t worry. These crypto plays Sachs are starting to invest in cryptocurrency
are unknown to 99.9% of the population. technology.

We’re still in the first innings of this market. And JPMorgan alone is investing as much as $9 bil-
the new crypto plays coming out will give inves- lion.
tors just like you the chance to bank some truly
life-changing gains. On top of that, many of the most powerful coun-
tries, including China, England, Russia, the Neth-
This is key. What we want to do here is make erlands, and Canada are “beta testing” cryptocur-
asymmetric bets… small-stake, low-risk bets with rencies.

1
www.palmbeachgroup.com
This trend is only beginning.

And right now, you can get


started with as little as $100.

In this report, we’re going to


share our three most explo-
sive cryptocurrency plays for
2018… Plus, we’re going to
give you a special bonus pick.

Please note: Not all the


picks in this report may
be currently buyable. If
they are above their buy-
up-to prices, don’t chase
the price. Put in a limit
order and wait for it to
come back down. I’ll also
have more ideas for you in
future issues and reports.

But first, I want to tell you


about my system to spot the curve will have you selling at the bottom of the
best small, fast-moving crypto plays before they fear curve.
explode.
It’s much harder to buy something after it’s been
It’s been my secret to success. I call it B.I.T.S. beaten lower and no one wants to buy it. But
that’s when the biggest gains are made…
B.I.T.S. System
With B.I.T.S., we flip the script. The system is
B.I.T.S. stands for Business value ratio, Insid- designed to automatically have us look at ideas
ers, Technicals, and Social media. when they are at the bottom of the fear curve. We
track that by using the business value ratio.
It’s a four-part strategy that can help me predict
when a cryptocurrency is setting up for a big move. The business value ratio measures the daily dollar
value of all transactions compared to the total
“B” Is for Business Value Ratio value of the cryptocurrency. Over time, this cre-
ates a baseline of activity.
The first letter, “B” for business value ratio, tells
us when a cryptocurrency is cheap. We’ve found that when the business value ratio
dips below the 30-day baseline range, it’s a sign
Take a look at the chart below. It’s how most peo- the cryptocurrency is getting cheap.
ple invest. They buy in on greed (when stocks are
rising), and they sell out on fear (when stocks are The business value indicator is a mean rever-
dropping). Most individual investors will repeat sion tool. Over time, it will move back toward
this cycle until they go broke. the black line. When the business value ratio is
far below its normal level, this tells us that we
It’s easy to get caught up in the hype cycle when are near the bottom of the fear curve. And that’s
something goes up a lot. And as you can see from when we want to take a closer look.
the chart above, buying at the top of the greed

2
www.palmbeachgroup.com
But just because something is getting cheap isn’t You must be tied into the insiders in this space if
enough to get us buying. It’s like the old say- you want to be able to find the good deals.
ing: Don’t try to catch a falling knife. We want
to make sure (to the best of our ability) that the Before I issue a recommendation, I make sure
price is done going down. that my insiders give it their stamp of approval.

That’s where the rest of the B.I.T.S. system comes “T” Stands for Technicals
in…
Remember when I talked about staying away
“I” Is for Insiders from falling knives? Well, that’s what the “T” in
B.I.T.S. is for. We use technical analysis to tell us
Insiders are a big part of the B.I.T.S. method. when the selling is over.
That’s why I’ve spent so much time creating rela-
tionships with every major development team, PR We use a tool called the Relative Strength Index
firm, and cryptocurrency venture capital investor indicator, or RSI for short.
in the world.
The RSI measures how strong a cryptocurrency is
When the business value ratio indicator starts based on its previous trading history. So, it looks
flashing, I go to my insiders. I find out what’s at today’s price and the price of the currency in
going on. the past (usually 14 days before). If today’s stock
price is higher, the RSI moves up. If today’s stock
Is the development team legitimate? Are there price is lower, the RSI moves down.
any new changes in the code coming up? Will the
currency be trading on any new exchanges? Does It’s a simple yet powerful indicator. RSI readings
the project solve a real business problem? range from zero to 100. A zero reading means it
is being heavily sold. A 100 reading means it is
being heavily bought.
The Importance of Network
An RSI move from below 50 to above 50 sig-
These are just a few of the questions I ask. Along
nals that buyers are getting back in control. This
the way, these insiders will sometimes let slip im-
reading, along with the rest of the B.I.T.S. system,
portant pieces of information. One time, I had an
tells us it’s time to get into the trade.
insider tip me off to a coming change in the code
that would make the coin much scarcer.
“S” Stands for Social Media
Once the announcement came, the coin rose
triple digits. This wasn’t illegal insider informa- The “S” in B.I.T.S. should really stand for “spe-
tion. It was publicly available, but it was hidden cial sauce.” The social media component of the
away on an obscure online forum frequented by B.I.T.S. system is truly awesome. Our research
programmers. There is no way an outsider would has shown that before a cryptocurrency takes off,
have gotten that information without an inside we always see a surge in “chatter” in our Social
contact. Media Tracker.

Being able to tap this network has helped me find Just as the NSA analyzes the volume of “chatter”
some incredible ideas. to predict the next terrorist attack, our Social Me-
dia Tracker will pick up cryptocurrency chatter
I travel all over the world to meet crypto experts. right before it has a major move higher…
London, Lisbon, Berlin, Copenhagen, New York…
I even have a relationship with a hedge fund Once we see the “chatter” break a 30-day high,
manager in Tel Aviv. this tells us that interest in the cryptocurrency is
building.

3
www.palmbeachgroup.com
Now, obviously, there were some big moves that Explosive Cryptocurrency
this sentiment indicator missed.
Pick No. 1: Bitcoin
No indicator anywhere in the world is going to
Even if you don’t know much about cryptocurren-
capture every big move. That would be impossi-
cies, you have likely heard of bitcoin (BTC).
ble.
It’s by far the most popular and well-known cryp-
Cryptocurrencies are volatile. There are some that
tocurrency. It put cryptocurrencies on the map.
shoot up, but if there’s no reason for the spike,
they’re probably coming right back down. In 2013, bitcoin made headlines as it went from
$13 to $1,157 (an 8,800% gain).
That’s why I analyze each crypto personally, run
it by my team, and make sure it passes all my Its meteoric rise was fueled by the economic crisis
other checklists. in Cyprus.
I want the ones that can not only give us a quick The country’s banking system had been battered
gain but also have the chance of becoming as by bad loans. In order to save the banks, the gov-
valuable as bitcoin is. ernment confiscated as much as 47% of people’s
wealth via so-called “bail-ins.”
Those are the ones we focus on.
As a result, people scurried to move their money
Using my system, I’ve recently identified sever-
outside traditional currencies… and bitcoin soared.
al cryptos that I think are about to soar. And I’ll
share them with you in this report… Those who got in early became millionaires.
IMPORTANT NOTE: After we send out buy Bitcoin used to be considered an underground
recommendations, we often see an initial price currency… but not anymore.
spike. We understand that this can be frustrat-
ing. But don’t worry. This is par for the course in Today, thousands of merchants accept bitcoin as
the cryptocurrency space. Most of the time, the payment, including Overstock.com, Cisco, Wal-
recommendation falls back below our buy-up-to Mart, Starbucks, Amazon, and Microsoft. In fact,
price. Use a limit order. And just be patient and in the world of digital money, bitcoin is the equiv-
let the price come to you. alent of a reserve currency.

By that, I mean the value of all other digital cur-


How to Buy Cryptocurrencies rencies are measured against bitcoin in the same
Never purchased a cryptocurrency before? way that the value of all paper currency is mea-
Don’t worry. We have extensive resources sured against the U.S. dollar.
to guide you through the process. Start from
here: Bitcoin’s “reserve” status means it deserves a
home in your portfolio.
1. Read the quick-start guide.
As we move to a cashless society, bitcoin is an
2. Watch our videos on how to set obvious beneficiary. One research report suggests
up accounts to buy and store that if 25% of the world’s “black market” mon-
cryptocurrencies. ey went into bitcoin, each coin would be worth
$44,000.
3. Visit the Crypto Corner for any other
questions. At the time of this writing, you could buy a bit-
coin around $15,000. So, while the price has ris-
en dramatically in the last year, it’s a trend that’s
just starting.

4
www.palmbeachgroup.com
Here are three reasons why you need to get into Bitcoin is the oldest and best-known cryptocur-
bitcoin today: rency. Its market cap is now closing in on Visa’s.

1. Tight supply – I talk with the top play- But even though bitcoin is big, it still rallied
ers in the cryptocurrency world daily. And 1,318% in 2017. Meaning it outperformed every
they’re all telling me the same thing: Supply physical currency that year.
is tight. You see, the big players don’t buy
their bitcoin on an exchange like you or me. It grew 52 times faster than the Dow Jones In-
They use off-market brokers where they dustrial Average (despite the fact that the Dow hit
can buy large quantities without unduly record highs).
influencing the price. And right now, there’s
almost nothing available to buy. And it grew faster than the hottest commodities and
physical currencies of 2017, including palladium
2. Bitcoin ETFs – In March 2017, the Se- (up 54%), copper (up 32%), and the euro (up 14%).
curities and Exchange Commission (SEC)
denied the application for the Winklevoss This is a trend we expect to continue.
Bitcoin Trust ETF. That put a damper on
bitcoin ETFs in 2017. However, since then, Action to Take: Buy Bitcoin (BTC)
the Chicago Mercantile Exchange, the Chi- Buy-up-to Price: Check the portfolio page here.
cago Board Options Exchange, and LedgerX Position Size: No more than 2% of your portfolio
(an institutional trading platform) all re- Asset Class: Chaos Hedge
ceived approval for bitcoin futures. Futures Buy It On: Coinbase, Abra, Gemini
will pave the way for ETF approvals. And Store It On: Jaxx, Abra, Blockchain, Ledger
right now, there are 22 potential bitcoin hardware wallet
ETFs in the pipeline.
Important Note: Cryptocurrencies are vola-
Should those ETFs be approved, a wave of tile. If bitcoin’s price is above our recommended
money will flow into the bitcoin space. buy-up-to price at the time you read this, just be
patient. Don’t chase the price, and wait for it to
Now, even though the SEC ruled against come down. This will ensure that you don’t pay
bitcoin ETFs in the past, we expect bitcoin more than we believe a cryptocurrency is worth.
ETFs to eventually gain approval. Mean- Meanwhile, if we adjust our buy-up-to price, we’ll
while, as the fight for an ETF continues to send you an alert.
play out, use any price weakness as a buying
opportunity. Explosive Cryptocurrency
3. The new Wall Street narrative – New- Pick No. 2: Cindicator
ly-released studies show that bitcoin doesn’t
Wall Street goes to great lengths to gain an edge
move with other assets. In Wall Street-speak
whenever and wherever it can. It’s all in the quest
it’s an “uncorrelated asset.” It’s a fancy way
for alpha, or how much you outperform the gen-
of saying that bitcoin doesn’t move in the
eral market.
same direction as other financial assets such
as stocks or bonds. Wall Street loves this. And whenever a product comes along that can
They’re always looking for ways to reduce generate alpha, Wall Street will pay top dollar for
risk and diversify holdings. The studies it. One area where it has been spending feverishly
essentially give them the green light to add is predictive analytics.
bitcoin to their portfolios. Even a small
percentage of Wall Street money will bring In short, data analytics uses a number of tech-
trillions into bitcoin and other cryptocur- niques, such as predictive modeling, machine
rencies. So, we expect the bitcoin trend to learning, and data mining, to make predictions
continue. about future events.

5
www.palmbeachgroup.com
Last year Wall Street firms spent $4 billion on for a return of 16.9%, trouncing the results
predictive analytics. And it’s expected to triple of the market.
over the next five years.
• More recently, Cindicator did a pilot project
That’s where our next pick, Cindicator (CND), with the Moscow Stock Exchange.
comes in. It’s creating an open system for hybrid • Using a pool of just 863 independent non-
intelligence. professional analysts, Cindicator’s model
increased its portfolio by 2.81% in 15 days.
With hybrid intelligence Cindicator combines the That works out to a 47% annual return.
best of both worlds. You have collective intelli-
gence of financial analysts, data scientists, trad- It’s exactly these types of results that Wall Street
ers, and investors. And that’s paired with artifi- is craving.
cial-intelligence machine learning models.
As we mentioned before, in order to use Cindi-
It’s like having the collective intelligence of every- cator’s services, you need to own and “stake” the
one on the planet. And then making it even better CND token.
with artificial intelligence.
Staking just means that you need to hold CND in
Just how powerful is hybrid intelligence? Let me an approved wallet. Cindicator then checks your
give you an example. balance and grants you access to the appropriate
services.
Researchers recently used hybrid intelligence
to figure out the molecular structure of an HIV Here’s why that’s critical. Those using the services
enzyme. are essentially locking up the tokens, and that
means they won’t be available for sale. That reduc-
It was a problem scientists had been trying to es the float and makes the token more valuable.
solve for 13 years.
For example, CindicatorBot’s beginner service
To do so, scientists combined the University of requires a stake of 5,000 CND. The expert ser-
Washington’s supercomputer with Foldit, an on- vice, the one Wall Streeters will want, requires
line game that poses complex puzzles about how 700,000 CND. That’s not chump change, even at
proteins fold. Cindicator’s low prices today.

By combining the two, scientists were able to That’s just one service. Another is Cryptometer
solve the problem in just three weeks. Bot 2.0. The bot identifies arbitrage opportuni-
ties on the 10 biggest exchanges with the eight
That’s the power of hybrid intelligence. most-traded cryptocurrency pairs.
Cindicator now has over 30,000 decentralized fi- If you want to use Cryptometer Bot 2.0 you’ll
nancial analysts enhanced by artificial intelligence. need 1,000,000 CND. That’s right, one million.
And by staking the Cindicator token, CND, you Now think of all the Wall Streeters that will want
can get access to Cindicator’s trading models. this product, the hedge funds, the endowments,
the pensions, etc. Demand will explode for the
Just how powerful are Cindicator’s models? Here CND token.
are a couple of examples:
Plus, Wall Street and asset management is just
• In November 2016, Cindicator used its own one use case for Cindicator. Other areas of ap-
crowd indicator to trade the U.S. stock mar- plication include venture capital, science (like
ket. the HIV enzyme example from above), corporate
• For the month, the S&P 500 ended up 2.7%. decision making, and politics, to name a few.
Meanwhile, Cindicator executed 43 trades

6
www.palmbeachgroup.com
Hybrid intelligence is the future and Cindicator is During 2017, the debate over bitcoin scaling led to
leading the way. two 30%-plus drops in price. And it also led to the
contentious Bitcoin Cash hard fork in August 2017.
Action to Take: Buy Cindicator (CND)
Buy-up-to Price: Check the portfolio page here. Solving the governance issue is Aragon (ANT).
Position Size: $200–400 for smaller investors, It aims to be the first community governed de-
$500–1,000 for bigger investors centralized organization whose goal is to act as a
Asset Class: Smart Speculations digital jurisdiction and online decentralized court
Buy It On: HitBTC, Binance system.
Store It On: MyEtherWallet
Organizations will be able to use the Aragon
Important Note: Cryptocurrencies are volatile. Network’s basic constitution and services as a
If Cindicator’s price is above our recommended framework. And they’ll also be able to build a
buy-up-to price at the time you read this, just be custom set of rules to govern relationships inside
patient. Don’t chase the price, and wait for it to the organization.
come down. This will ensure that you don’t pay
more than we believe a cryptocurrency is worth. Based in Spain, Aragon is led by Luis Cuende, a
Meanwhile, if we adjust our buy-up-to price, we’ll tech prodigy listed among Forbes’ 30 Under 30.
send you an alert.
With the advent of the internet and cloud com-
puting, Cuende sees a new type of company
Explosive Cryptocurrency Pick No. 3: Aragon emerging, one without traditional corporate and
geographic forms. And that means we’ll need new
In May 2016, the DAO, a digital decentralized
architecture to manage these entities.
autonomous organization, set the record for the
largest crowdfunding campaign in history when it
Aragon is building the tools for these next-gen-
raised $150 million.
eration decentralized organizations. And Aragon
wants to provide everything you need to run one
Launched on Ethereum, the euphoria from the
of these companies.
record crowdsale quickly dissipated when a hack-
er exploited a vulnerability in the DAO’s code. By
While governance is a key feature, with Aragon
the time developers fixed the problem, $55 mil-
you’ll also be able to administer accounting, by
lion had been siphoned away.
laws, cap tables, fundraising, and payroll.
As a result, there was an intense debate in the
These activities aren’t exciting. But they’re critical to
community on how best to solve the problem.
running an efficient organization. If Aragon can be-
One camp felt the code should be rolled back to
come a critical piece of infrastructure for decentral-
make investors whole. The other camp wanted
ized companies, that will create significant value.
no fix so that the Ethereum blockchain remained
immutable. Organizations can join the network by paying fees
in Aragon’s native token, ANT. Implementing
In the end, the Ethereum blockchain did a hard
Aragon is done seamlessly by running Aragon
fork, with the end result being Ethereum (ETH)
Core, a module system that runs on Ethereum
and Ethereum Classic (ETC). ETH made inves-
and can be built on top of.
tors whole, while ETC remained immutable.
Many other Ethereum projects are already part-
The DAO hack controversy highlights the need
nering with Aragon. For example, they partnered
for governance in cryptocurrencies.
with Project 0x, a protocol for decentralized
exchange on Ethereum. That will enable seamless
It’s not an uncommon problem. Bitcoin, for ex-
token exchanges between any organization within
ample, has also been mired in decisions on how
the Aragon Network.
best to scale the network.

7
www.palmbeachgroup.com
It’s also a partner with the district0x Network, Explosive Cryptocurrency
which is a collective of decentralized markets and
communities powered by Ethereum. Aragon will
Pick No. 4: Dragonchain
facilitate the governance of the districts created Famous for its theme parks, movies, and animat-
within the district0x Network. ed characters, many don’t think of Disney as a
technology hub.
We expect many more partnership agreements
over 2018. Aragon just established Aragon Nest, But then again, most people aren’t familiar with
a grants program to support the development of the Disney Open Source Project.
the ecosystem.
The Open Source Program encourages developers
The program is being done in conjunction with to utilize code, contribute to projects, and release
Placeholder Capital, a cryptocurrency hedge fund. open-source software.
It’s led by Joel Monegro and Chris Burniske.
Monegro is a former analyst with venture capital Today, there’s over a dozen projects, focused on
firm Union Square Ventures. And Burniske is the a range of activities from 3D authoring to render-
former lead crypto analyst at ARK Investment ing applications to image technologies.
Management.
And while it may surprise some, one of Disney’s
The goal of the grants program is to facilitate open-source projects is our pick today, Dragon-
projects that will not only help Aragon, but the chain (DRGN).
Ethereum network as a whole, as well.
It started as the Disney Private Blockchain Plat-
One thing to watch with Aragon is its transpar- form. However, Disney moved it to its open-
ency report. Aragon raised 275,000 ETH in its source project and it’s now run by the non-profit
token sale when ETH traded around $125. It’s Dragon Foundation.
much more valuable now.
Founded by CEO Joe Roets, the goal is to build
As of January 2018, Aragon still holds over Dragonchain Inc. into a commercial business that
262,000 ETH, as well as 7.4 million ANT. Com- helps other companies start using blockchain
bined they’re worth $375 million. Meanwhile, technology.
Aragon’s market capitalization is $224 million.
Dragonchain simplifies the process for businesses
Action to Take: Buy Aragon (ANT) to implement the blockchain by solving many of
Buy-up-to Price: Check the portfolio page here. the pain points.
Position Size: $200–400 for smaller investors,
$500–1,000 for bigger investors For example, Dragonchain provides easy integra-
Asset Class: Smart Speculations tion into existing systems. It provides multi-cur-
Buy It On: Bittrex, Liqui rency support so it can be used worldwide. And it
Store It On: Jaxx, MyEtherWallet uses multiple popular programming languages,
such as Java, Python, Node, and C#, making it
Important Note: Cryptocurrencies are vola- easier to develop.
tile. If Aragon’s price is above our recommended
buy-up-to price at the time you read this, just be One of its main features is securing private busi-
patient. Don’t chase the price, and wait for it to ness data, like how a dragon protects its treasure.
come down. This will ensure that you don’t pay Hence the name Dragonchain.
more than we believe a cryptocurrency is worth.
Meanwhile, if we adjust our buy-up-to price, we’ll To accommodate private businesses, Dragon-
send you an alert. chain uses a unique five-layer architecture for
consensus. Each successive level is more secure
than the previous level.

8
www.palmbeachgroup.com
Level 1, for example, would be for inter-compa- to the global art space, and is a large presence at
ny type verifications, where business is largely major art fairs around the globe. And today, it’s
conducted on a trust basis. And that moves up tackling one of the toughest problems in the art
to Level 5, its most secure level, which bridges to world, provenance and authenticity.
one or more of the public blockchains, like bitcoin
or Ethereum. As an asset class, art is estimated to be worth $60
billion. Yet, even with big money involved, there’s
Another unique feature of Dragonchain is that a lack of transparency in the art market and
it’s using a serverless blockchain platform. The doubts over the authenticity of some pieces.
advantage of going serverless is that it’s more
scalable and costs less. So far Dragonchain has Look Lateral wants to improve the art market by
integrated Amazon Web Services (AWS), with changing how it’s archived, sold, and traded. To
plans for more integrations in the future. that end its creating unique signatures, prove-
nance, and financial art market solutions. And it’s
There’s a myriad of use cases for Dragonchain. doing so using Dragonchain.
For Disney, they’re looking into identity systems,
ticketing, and digital media entitlements. Expect a lot more projects to come out using
Dragonchain this year.
But there’s a host of other uses cases as well. For
example, you can use Dragonchain for things like The Dragon Fund recently completed its first for-
voting, payments, and auditing, among many mal application process. And it received over 200
others. applications.

To facilitate projects on Dragonchain, the Dragon- Action to Take: Buy Dragonchain (DRGN)
chain Foundation launched the Dragon Fund and Buy-up-to Price: Check the portfolio page here.
funded it with 5% of DRGN from the token sale. Position Size: $200–400 for smaller investors,
$500–1,000 for bigger investors
The goal of the fund is to provide professional Asset Class: Smart Speculations
services and strategic partnerships to develop Buy It On: Kucoin
successful ecosystems on Dragonchain. Store It On: MyEtherWallet
Important Note: Cryptocurrencies are volatile.
And then there’s the Dragonchain marketplace. If Dragonchain’s price is above our recommended
There, you can communicate with others in buy-up-to price at the time you read this, just be
blockchain tech. You can hire developers and en- patient. Don’t chase the price, and wait for it to
gineers. And there’s even resources like prebuilt come down. This will ensure that you don’t pay
smart-contract libraries. more than we believe a cryptocurrency is worth.
Meanwhile, if we adjust our buy-up-to price, we’ll
One project using Dragonchain is Look Lateral. send you an alert.
It started as an art magazine in 2007, expanded

9
www.palmbeachgroup.com
Customer Care: Toll-Free: (888) 501-2598, International: (561) 921-8774, Mon–Fri, 9am–7pm ET, or email support@palmbeachgroup.com.

© 2018 Palm Beach Research Group, 455 NE 5th Avenue, Suite D376, Delray Beach, FL 33483, USA. All rights reserved. Any reproduction, copying, or redistribution, in whole or
in part, is prohibited without written permission from the publisher.

Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal situation—we are not
financial advisors nor do we give personalized advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and
there is no obligation to update any such information.

Recommendations in Palm Beach Research Group publications should be made only after consulting with your advisor and only after reviewing the prospectus or financial statements
of the company in question. You shouldn’t make any decision based solely on what you read here.

Palm Beach Research Group writers and publications do not take compensation in any form for covering those securities or commodities.

Palm Beach Research Group expressly forbids its writers from owning or having an interest in any security that they recommend to their readers. Furthermore, all other employees
and agents of Palm Beach Research Group and its affiliate companies must wait 24 hours before following an initial recommendation published on the Internet, or 72 hours after a
printed publication is mailed.

10
www.palmbeachgroup.com

You might also like