The sky could be the limit with these ASX tech stocks

While the blue chips sink, this select group of ASX tech stocks are on the fly

a woman

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It happened again yesterday…

A whole bunch of ASX small cap stocks hit 52-week highs.

Unlike years gone by…

When these companies were typically highly speculative mining exploration stocks…

Whose light would shine brightly for a few weeks before crashing and burning, often leaving you sitting on tens of thousands of largely worthless shares….

Many of today's high flyers are technology companies.

And it's happening again today…

Regular readers may remember me saying just 3 weeks ago that I'd already more than doubled my money on software company GetSwift Ltd (ASX: GSW).

It took me just 6 weeks to double my money.

Today, the GetSwift share price is hitting yet another all time high. At the rate things are going, by the end of the day I may be sitting on a treble.

All this in about 10 weeks.

I've been in this game long enough to know not to count my money at the table.

GetSwift is just about the hottest stock trading on the ASX now — its share price has rocketed a barely believable 890% higher in 2017 alone.

When stocks go hot, and hot money chases them, regardless of the fundamentals of the underlying business, the sky can be the limit.

But, just as quickly, hot money can go cold. Today's bright new toy becomes tomorrow's rubbish dump.

I wouldn't be buying GetSwift shares today.

Sure, it's an exciting story — GetSwift aims to streamline a company's logistics through its innovative platform by optimising delivery routes, automating the dispatch process, and providing real-time tracking alerts. In the second-quarter the platform handled a record 729,626 deliveries, up 46% on the prior quarter.

The bottom line is GetSwift has a lot of work to do to grow into its lofty valuation.

But…

What the GetSwift story does show you is what's possible with small-cap ASX tech stocks. Companies growing like gangbusters such that the sky could be the limit.

A few months ago, we created a brand new stock picking newsletter service specifically targeting these types of companies.

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We embarked on a worldwide search for a stock picker we think is perfectly suited to the challenge.

And we landed on someone with a Doctorate (PhD) and MSc in Computer Science…

Plus a Bachelor of Engineering in Computer Science and Engineering…

Someone who, in his research career, has invented new technologies, co-authored over 70 peer-reviewed research papers, and consulted for large technology firms.

Doctor Anirban Mahanti ("Doc") is the brains behind Motley Fool Extreme Opportunities.

It's unlike anything we've ever done before.

These stocks are suitable for the very top of your investing pyramid… higher risk, but with the very real potential to truly turbocharge your portfolio's returns.

Of course, I recognise this style of investing is not for everyone. Extreme Opportunity investing can be a hazardous journey, and volatility is often high.

But if you're up for adventure…

Up for the opportunity to turn a small investment into what could be life-changing wealth, you've come to the right place.

And here's the best parts of all in this…

1) Sign up to Motley Fool Extreme Opportunities right now and get the name of Doc's brand new ASX buy recommendation. This small cap cloud computing stock is growing its profits at an enormous rate. If everything goes to plan, the sky could indeed be the limit.

2) Sign up to a two year membership to Motley Fool Extreme Opportunities and pay less than $75 per year. When you consider the capital gains you could accrue from buying just one of Doc's picks — and a two year membership gets you a minimum of 24 picks — you can understand why I think it's incredible value.

Click here now to join Motley Fool Extreme Opportunities. 

The Motley Fool Australia has no position in any of the stocks mentioned. Of the companies mentioned above, Bruce Jackson has an interest in GetSwift. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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