Here are seven new stocks to review. But be careful. (More on that later.)

Genetic Technologies

Please click here for an annotated chart of Genetic Technologies GENE, -8.47% The chart shows a spike on blockchain-related news. Speculators often look at a chart and see how much room there is to run. The chart shows there is a lot of room to run for this stock. There is another supporting factor that there is a parallel to Riot Blockchain. Riot was in the biotechnology business and jumped into blockchain, causing the stock to, at one point, triple from my prior mention. Genetic Technologies is also in the biotech business.

There is a lot of potential in applying blockchain to medical information. Perhaps this is why some traders are excited. However, there are several cautions here. The company is not doing anything in blockchain right now. There is simply a mention in a filing of blockchain. Also, this is a nano-cap stock and can be easily manipulated. This is suitable only for experienced short-term aggressive traders. Traders need to be experienced with stops on highly volatile nano-caps.

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LongFin

LongFin LFIN, -10.69% recently came public at $5. In our analysis, even $5 is not justified. The company acquired Ziddu.com, a purported blockchain-solutions provider, to offer microfinance lending against collateralized warehouse receipts in the form of Ziddu Coins. By all appearances, the company does not have any material blockchain-related revenue. The stock shot up to over $100 and then pulled back. This is a favorite of many day traders.

Net Element

All Net Element NETE, -22.35% had to do was to announce that it was starting a blockchain-related business and the stock rocketed. The company plans to connect merchants and consumers with blockchain technology. Just like LongFin, this stock has become a favorite among day traders. The recent price is not justifiable on fundamentals.

On Track Innovations

On Track Innovations OTIV, -12.50% announced that it plans to integrate bitcoin acceptance in ATM and secure cashless vending products. The stock has run up but has not been driven to insane heights. Fundamentally we do not see this development adding materially to the revenues in the near future but it is all about sentiment.

Siebert Financial

Siebert Financial SIEB, -10.44% is a traditional brokerage firm apparently planning to enter the crypto-brokerage business. Overstock’s blockchain subsidiary, tZERO, has taken a 1% stake in Siebert’s parent. Again, fundamentally the new valuation of the stock cannot be justified, but none of the bitcoin-related stocks are trading on fundamentals.

Social Reality

Social Reality SRAX, -9.11% appears to be planning a blockchain-based system to enable people to sell their own data.

Seven Stars

Seven Stars SSC, +0.75% appears to be planning a blockchain system for trading financial products such as ETFs backed by digital assets.

Bitcoin ETFs

Cboe CBOE, -0.13% and CME CME, -1.26% are already trading bitcoin futures. Nasdaq NDAQ, +0.92% is also planning to launch bitcoin futures. Brokers such as Interactive Brokers IBKR, +0.68% TD Ameritrade AMTD, -0.15% and E*TRADE ETFC, -0.50% are also allowing their clients to trade bitcoin futures. Not to be left behind, Intercontinental Exchange ICE, +0.20% the parent of the New York Stock Exchange, is planning on launching bitcoin ETFs.

Great opportunity

At The Arora Report we have profitably completed trades on AMD AMD, -3.21% Square SQ, -2.04% and Overstock on the bitcoin frenzy. We have another trade in progress now and are always looking for new trades related to bitcoin.

Blockchain, the technology that underlies bitcoin, is likely to revolutionize many industries. It may turn out to be as important as the internet. Investors who got into the internet boom early made a fortune in stocks like Amazon AMZN, -0.54% Facebook FB, -0.14% Google GOOG, -0.33% GOOGL, -0.19% and Netflix NFLX, +0.70%

At The Arora Report we are in the hunt for long-term investment opportunities in addition to short-term trades.

Caution

Investors must be cautious that there is high risk, especially in short-term trades. Often such stocks trade completely divorced from their fundamentals. Short squeezes are common. Many stocks are nano-caps and have few shares outstanding; that makes them a target of manipulation. In short, be extra careful.