|Day Low/High||1.55 / 1.67|
|52 Wk Low/High||1.29 / 20.73|
The first rule of trading these stocks is to understand and embrace the idea that the shot skyward is just temporary; they WILL crash and burn.
"In this world, if you read the papers, darling You know everybody's fighting ah with each other You got no one you can count on babe Not even your own brother So if someone comes along He gonna give you some love and affection I'd say get it while ...
The SEC has initiated an investigation into Riot Blockchain . Earlier this year I warned of this in my Diary.
I did extremely well with my bitcoin short link. But I should have been more patient and have waited given the schmeissing of the crypto collateral plays like and .
In our telephone call Boca Biff told me that a friend of his (who was formerly a broker at the now defunct Lew Lieberbaum & Co.) took him to a bitcoin ATM that was being installed near his house in Boca Raton, Florida. As he watched bitcoin's price ...
The surge in Kodak stock has nothing to do with fundamentals, but that doesn't mean the profits aren't real.
Riot Blockchain is now trading at half the price it traded in mid-December -- along with many other bitcoin/blockchain collateral plays that are heading lower today. RIOT's shares are down by over -$4 in the trading session.
Those fickle traders! Riot Blockchain down another 10%, Digital Power Corporation off 25% from last week, Net Element -10% and Crypto Co. CRCW hasn't yet reopened -- as speculative money moves into the marijuana space.
All stock trading is a gamble; here's how to manage risk in highly volatile stocks such as bitcoin- and blockchain-related names.
Although the tech giant's stock fell sharply, that didn't hurt the major market indices much.
Apple has not confirmed the reports, but they could have a big impact on the market if selling pressure on Apple persists.
Bitcoin and blockchain recently have been the greatest shows on our investing earth, but they're showing signs they will be this decade's version of the dot.com debacle.
"Without promotion, something terrible happens ... Nothing!" --P.T. Barnum There is no scarcity in cyberspace, especially no scarcity in stupidity. Overnight, the price of bitcoin fell by more than 11% and it is now trading below $14,000. That's a n...
There is an accumulating abundance of scams and a thriving ecosystem of over-inflated ads and claims that are occurring with greater frequency in email accounts and in social media these days. Here are some more signposts of speculation seen in my e...
Take a look at financials, industrials, transports and energy names.
Trading highly volatile stocks is speculation just like buying a stock that barely moves is speculation.
Markets were higher "from flagpole to that's all" today. The Russell Index, which has been lagging, led the markets to the upside. Bond yields were considerably higher (by about four basis points) - and a possible yield breakout and price breakdown...
Markets celebrate as tax bill passage looks more likely.
Once again, the Russell 2000 isn't crowing and providing a cautionary amber light for the market. But once again, Mr. Market doesn't break, he just bends. My other observations for Thursday: The bond market isn't supportive of the consensus view tha...
Boeing put wings under the Dow, but rotation is continuing to take a toll.
"Everytime I try to love you 1, 2, 3 red light stops me Baby every night you stop me 1, 2, 3 red light Stop the game (stop the game) You got too much to lose (too much to lose) If you stop me again That's when we might end..." -- 1910 Fruit Gum Com...
Some mid-afternoon observations: * 3M reverses lower on "good news." * The Russell Index is flirting negative for the second day in a row. * Out of tech and into financials (violently today). * Nasdaq lower on the day. * FANG, which was down margina...
The mania in bitcoin goes beyond bitcoin and is not restricted to cryptocurrencies. I would observe that, recently, when bitcoin pauses (now)/drops, the bitcoin collateral plays such as Riot Blockchain , Xunlei XNET and others have a tendency to rip...
Endless bitcoin media coverage helped to disguise the fact that it wasn't that strong of a day for most stocks.
The one name I feel has the best fundamental argument is Overstock.
Seldom do we have an opportunity to watch a bubble in real time.