Coinbase Global, Inc. Class A (COIN)

191.97
NASDAQ
Prev Close 221.62
Day Low/High 186.86 / 210.19
52 Wk Low/High 208.00 / 429.54
Exchange NASDAQ
Shares Outstanding 215.20B
Market Cap 47.69B
Div & Yield N.A. (N.A)

Latest News

Microsoft Moves Closer to the Metaverse

Microsoft Moves Closer to the Metaverse

Here's why I like MSFT buying Activision Blizzard.

Premarket Buys

Stocks I bought in the hole in premarket trading for a short term long rental include , , ,  , , (more of an "investment", more on this later), , etc.

Coinless

I sold out the balance of my on today's gap. Will buy back on weakness.

Ringing the Cash Register on Some COIN

I am taking profits in the portion of my purchased yesterday at $217.55 - now at $231.50.

Adding to COIN

I have started to add to at $217.55, and I have a scale lower.  Still small-sized.

Long COIN/Short GME!

Coinbase  is disconnecting with the weakness in cryptocurrency prices.  This is a good thing.  I added to COIN.

More COIN

I added to on strength (for a change).

Coinbase Now

I initiated a small long investment in at $225 just now.

The New Regime of Volatility

Stock futures had a steady bid overnight -- and at 525 a.m. S&P futures were +30 and Nasdaq futures were +130. (This follows a +$5 improvement in from the afternoon lows by the close)   VIX is down by about two bits to approximately 22 this morning....

Coinbase? No Thanks

Coinbase traded over $350/share in early November and is now at $235.71. If I was a believer in cryptocurrencies, I would buy the stock at this level. But I am not a believer for these reasons.

Trading Cryptocurrencies? Here's Why Ethereum Is Where I'm Focused

Trading Cryptocurrencies? Here's Why Ethereum Is Where I'm Focused

I'd need a really cheap price to think about getting involved in Bitcoin at this time.

As 2021 IPO Names Tumble, These 2022 Debuts Are Still Drawing Excitement

As 2021 IPO Names Tumble, These 2022 Debuts Are Still Drawing Excitement

Despite the expectation of a tougher sledding for high-flying IPOs, optimism remains for a few key names.

I'd Like Stocks to Stabilize Before Jumping In, but These 2 Names Interest Me

I'd Like Stocks to Stabilize Before Jumping In, but These 2 Names Interest Me

Trucking company Yellow Corp. and water heater maker A.O. Smith could make for nice trades.

Another Lesson Learned

The carnage continues in the "favorite" stocks mentioned in the business media.  The latest disaster is COINBASE - now trading at $247 and more than $100 off its high when it was recommended confidently.  More on crypto currencies in my opening miss...

Hotel California

* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts  "Last thing I remember, I was Running for the door I had to find the passage ba...

Here's What Ethereum and Bitcoin Traders Should Be Watching

Here's What Ethereum and Bitcoin Traders Should Be Watching

It looks like Ethereum may be looking to close the gap of price differential with Bitcoin a bit more.

Let's Take Another Look at Coinbase

Let's Take Another Look at Coinbase

COIN looks like it will pull back further.

COIN Profit

I just took in my short at $328 for a good profit (of $15/share) - offsetting some of yesterday's loss.

Minding Mr. Market

* Adding to Boeing . * Streaming stocks go from loser to hero ( and ) * Banks catch a bid o the rate rise ( -$1.50) - steadily adding to . * Scaled up on my short - cost basis now $344.10.

Reshorting COIN

I reshorted (small) at $341.43.

The State of the Markets (And Of Market Participants)

"Fin TV has become almost like watching a cocky heavyweight fighter who of hubris who doesn't even put up his guard against his competitor." - Kass Diary, The Gloves Are Off and The Guard Is Down    In the past I have gotten some pushback about bein...

Messy Trading Saved by Speculation

Messy Trading Saved by Speculation

While it was not a particularly good day, we're seeing necessary action after the run we have had.

Covering COIN Short

I have covered my short ($309). I plan to reshort strength.

Dull COIN

Coinbase had a large top-line miss.   Just walked back into my office -- need to hear the conference call.   Correction: A previous version of this diary entry had the incorrect disclosure. Kass was short COIN at the time of writing.

Market QB Sneak, Fed Musical Chairs, China's Warning, 'Targeting' AMD and Nvidia

Market QB Sneak, Fed Musical Chairs, China's Warning, 'Targeting' AMD and Nvidia

Did anyone else see the semi-annual Financial Stability Report?

Short Moves

I have covered my short. I also covered my short and added to my short.

Pairs Trade

I know this is quite unpopular, and perhaps even dangerous, but I like the pairs trade of long gold and silver and short digital currency. I have added more at $166.96 and at $22.14 in premarket trading.  I am long GLD and SLV and short digital curr...

Coinbase Price Target Raised at Mizuho