Hello crypto traders. Perhaps this is a bit offtopic, but are there those who trade not only cryptocurrency but also on the stock market too?
I would like to know your opinion on the SYTA stock.
This stock is at the bottom after a long fall and has just started to rise. They recently invested in expanding their business in the United States - Siyata's growing North American additional expansion to U.S. manufacturing, providing potential critical access to U.S. military and defense contracts.
Estimated U.S. military spending is $934 billion. It covers the period October 1, 2020, through September 30, 2021. There is also government procurement as well as a growing global market for 5G solutions. Thus, Siyata Mobile plans to operate in a market with a volume of more than a trillion dollars.
Does it make sense to buy?
I like to trade cryptos and stocks, both are pretty similar and you can use your tools for both markets. In my portfolio the biggest positions at the moment are stocks, commodities and cryptos. I am not an expert on telecommunications so I can't give you the right answer if you should be trading SYTA stock at the moment. But what I can see by looking at the chart is that the stock didn't really move this year, YTD and also 1 year price is roughly on the same level. The seem to have a lot of long term contracts. So if you can get the stock at a reasonable price I would buy some.
