| Prev Close | 52.60 |
| Open | 50.59 |
| Day Low/High | 49.71 / 51.12 |
| 52 Wk Low/High | 7.03 / 58.22 |
| Volume | 2.36M |
Grayscale Bitcoin Trust (GBTC)
51.12
1.48
2.81
OTC
| Exchange | OTC |
| Shares Outstanding | 692.31B |
| Market Cap | 35.65B |
| Div & Yield | N.A. (N.A) |
Latest News
The Markets Are Steadily Climbing
I'm hoping that we see some more rotational action rather than a broad market correction.
Bitcoin Is a Bright Spot in a Frustrating Market
I'd rather be late jumping in on a bottom fish than jump in too early.
Looking at Shorts
*Last week we looked at laggards to buy, today I look at shorts Last week I looked at laggards I would buy - some, like Amazon , Twitter and Walmart prospered: Apr 01, 2021 ' 08:30 AM EDT DOUG KASS Looking at Laggards * On the long side While I f...
New Buy (and Short) Levels
* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...
Minding Mr. Market
Stock futures have continued their climb this morning (5:20 am) - with S&P futures +12 handles and Nasdaq futures +95 handles. As I wrote in "There Is Always More Than One Cockroach": "The 1966 season took its toll on Los Angeles Dodgers pitcher S...
Nothing Normal About This Market
The speculative gewgaws have lost their bids again and are falling back to earth. , , , , , , etc., getting taken to the woodshed. Usually this portends broader market weakness - but there is nothing normal about this market. Meanwhile, in part ...
Little Speculative Interest as Worries About Archegos Continue
One group seeing some momentum today is bitcoin.
Take the Money and Run
If I was trading I would probably be out of all my speculative gewgaw shorts - like , , , , , etc.
Gewgaws Collapse
* To this observer they are shorts on any strength My speculative shorts -- (-9%), (-5%), (-5%), (-9%), (-7%), etc. -- continue to stink up the joint.
Spec as in Dreck
Yesterday the speculative gewgaws fell apart (e.g., , , and , etc.). Today the larger cap concept stocks are taking a fall ( e.g., , and ).
You Done Tore Out My Heart and Stomped That Sucker Flat
"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...
Gewgaws = Schmeissburgers
Bitcoin peripheral plays - , , , - continue to get led to the woodshed after large losses yesterday. I would consider selling or shorting all of these names.
The Market Is a Hard Dog to Keep Under the Porch
* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...
I Remain Negative on the Markets
Today's feature was a (not surprising) mean reversion back from value to (recently depressed) growth. Given the interest rate rise, I suspect there is a limitation or ceiling on growth stocks over the near term. Indeed with Invesco having peake...
Speculative Gewgaws Getting Schmeissed
Speculative gewgaws I was short - up until Friday - are getting schmeissed in today's trading session - , , , and . The construct of the Russell Index has grown increasingly speculative - the constituent components are indicative of the Index's poo...
Rotation Reverses as 'Reopen' Plays Are Hit
The big cap technology names are doing much better.
We're Seeing a 'Bull Trap' Now
The good news is that the number of stocks near intraday highs is expanding rather than contracting so far.
Hot Pockets of Speculative Action Are Shifting Fast
Traders have to move very quickly to stay ahead of the game.
How Japanese Traders Might Be Viewing Bitcoin Now
Let's take a look at bitcoin futures and GBTC using Japanese technical analysis techniques.
Can Momentum and Liquidity Overcome Higher Interest Rates?
The stronger the economy, the better it is for earnings, but more likely it will pressure multiples as interest rates rise.
How I'm Playing the Sudden Reversal: Bitcoin, Cannabis and Gaming
The key here is bonds.
Today's Trades
Additional add on longs today - and Additional add on shorts today - , , , and . New short and add on today-
Is Bitcoin Ready to Take a Tumble? Let's Check the Charts
Based on the technical patterns, the risks of being long bitcoin and other cryptocurrencies appear high right now.
Short Adds
I have added to the following shorts: , , , , , and .
The Foundation for the Next Major Market Cycle Is Developing Now
This corrective phase may go deeper, but we see some good support.
There's an Oversupply of Positive Action Right Now
The longer this continues, the more anxiety there will be about being underinvested.
I've Been a Buyer Friday, Making Partial Buys Like I Always Do
It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
Amid Monday's Weakness, This Group Is Showing Strength
If you aren't in the favored sectors right now, you are going to miss out.