 Go mine Hey, what's up money geeks? Mr. V here welcome to another video guys in this video We are going to take a look at ticker symbol e Bo and this is a play that's actually involved with Bitcoin mining and all that good stuff So I want us to talk about the company because I've seen it make some move Recently in a lot of you guys been asking questions and asking me to cover it So that's why I want us to cover that into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth We got something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on your content so ebank or e Bo and again, it's a Chinese based company and I'm stressing the fact that it's Chinese based for obvious reasons If you've been watching my videos I always try to call them out because we have good companies out in China and we have some shitty ones too So I just always like to make sure you know that this is a Chinese based company so this company is actually involved in the manufacturing and and distribution of Machines that are involved in mining bitcoins. So that was your primary business and they also have some other subsidiaries of their business that's involved in Providing telecommunication products this past week So the company actually announced that they were not only going to produce the machines that mine Bitcoin But they were going to stop mining Bitcoin themselves So they're getting into the mining business as opposed to just providing their machines out to other companies to mine Bitcoin Ever since the middle announcement if you can see this is just a one-week chart here This stock has just squeezed up from February 12th is Open at like five dollars and 76 cents and then since then has just continuously moved up to a High of about $13 and 33 cents before pulling back again because of the market pulling back So Bitcoin is going to city at 51 thousand six hundred dollars if Bitcoin continues to hold this $50,000 price point if it continues to stay above $50,000 Then that would be that would be the support at that point and the consolidation from there would see Bitcoin pop all the way to 60 70,000 as a matter of fact my price projection for Bitcoin I see by the end of March Bitcoin should be trading somewhere around 70 or 80 thousand dollars. So again, that's how crazy the volatility is. I've actually mentioned this on the channel I didn't think that Bitcoin was gonna get to a hundred and fifty thousand dollars But now it's showing more and more like that's very very possible guys Looks like Bitcoin is on its way to a hundred and fifty thousand dollars. So again, that's what I wanted to bring this This company announced that they are getting into Bitcoin mining and so the stock price went up So what do you how do you play this one guys? Let's just go back again to the charts How do you play this one right now sitting at ten thousand eighty cents if Bitcoin holds over fifty This is a good an easy one that you can get into cheap one But again with these stocks guys this particular mining stocks You if you go in holding in long-term put as tight stop loss because some of these companies As we've seen somebody can put out maybe a report about a company about some shady business that they do and the Stock price will crumble just like that. So as you get into a stock like this It's good to get in early right the waveboat as soon as you get into some profit guys Put a stop loss or even a trailing stop I'll say a trailing stop might be too aggressive if you unless you put your to your trailing stop at about 20% But other than that, it would be too aggressive But if you just put a stop loss at least to secure some of the profit that you made That would be awesome for these for this particular company So I definitely think that with the wave of Bitcoin moving forward with how Many people are getting interested in bitcoins with Tesla with micro strategy with Institutional investors with the city of Miami stand to accept bitcoins or Talking about accepting Bitcoin as you know part of the operation You're gonna see again more and more companies getting into and push the price of Bitcoin up So I think any company I get into mining at this particular point in time You see some rewards, but again the downside is that this company is so tied to Bitcoin which means that any any volatility in Bitcoin would definitely impact the price of the stock So that's just something I wanted to let you guys know This is definitely one that you can get in if you can pick up some shares again I think this just pulled back here because the market actually pulled back It's got a good place to get in because look at that high right there was about $13 and 60 cents and then Pulling back now sitting at about $10 and 82 cents again guys What I want you to do is keep your eyes on Bitcoin if Bitcoin like let's say over the weekend Bitcoin breaks 54 55 and then no fully where that come Monday morning This stock is gonna jump you're gonna see this thing is gonna test for $15 just like that So again, that's what I want to cover in this video. Just look kind of give you guys some perspective Let me know in the comment section. What do you think about? EBO and do you currently have the stock that you plan on buying? I know we've covered other Mining stocks here on the channel riot Mara that with those are the key ones. I've talked about FT FT I've talked about SOS. So I've talked about see it and all these other companies that are involved in mining If you can catch one the one that you can ride cuz I mean I'm not gonna guarantee that is one Particular and it's gonna run we've seen Mara and Bitcoin and riot consistently give us good money So hopefully if you cast this one again, it's Chinese base If you can get some money out of it secure your profit as much as possible and just keep riding the wave So that's all I have for this video. Let me know again in the comment section What you think if you're new to the channel, we talk about how to earn money how to save money How to invest and build wealth if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content Also, if you're looking to get started with investing guys We both has the promotion where you sign up and the past 100 hours you get four free stocks links in the description And as always guys, do your due diligence. Don't be a greedy savage and stay motivated