Re-Visiting The 'Blockchain' Stocks

Remember back in December, where it seemed any company could incorporate blockchain into its strategy or even into its name to and have its stock price soar? My personal favorite was Long Island Iced Corp. changed its name to Long Blockchain Corp. and its ticker symbol to LBCC. The stock, which had been slumping from almost $5 in June 2017 to $2 in December.

Then, after changing the name the stock soared to close at almost $7 and I believe traded above $10. That stock is at $0.38 as I type this note. Eastman Kodak Company has done better than those stocks. It was down to almost $3 when they announced something about some sort of blockchain thingamajig and the stock popped to $10 reach a high, a week later, of almost $12. It is at $5.48 right now, so at least still above its pre-blockchain price.