|Day Low/High||45.22 / 55.89|
|52 Wk Low/High||0.51 / 79.50|
As is customary, Mr. Market rallied from the morning schmeissing (at least halving the earlier declines): * Breadth was negative 2-1. * In percentage terms, the Russell Index declined 3x the Nasdaq and S&P. * Banks were mixed -- but Wells Fargo cont...
Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.
Much of the cannabis money is rotating back into bitcoin plays.
After Tesla's purchase of $1.5 billion of bitcoin the story making the rounds was that many corporate treasurers will move sizeable amounts of their cash hoards into bitcoin. That development, in turn, would levitate the price of bitcoin further. Ho...
I wonder what percentage of the traders trading stocks like Riot Blockchain and MicroStrategy have any idea what those companies do? Never mind.
Another reason why I value STOW's comments (irregularly displayed in our Comments Section): He owns . From two weeks ago: Jan 29, 2021 ' 06:18 PM EST DOUG KASS This Is Why He Is The Smartest Trader in the World * He shoots, he scores - with NVAX (+...
The worry is being left on the sidelines as the market continues to climb.
What's most important about this market is understanding which themes are driving the action.
The short-squeeze drama is captivating the market right now.
Small traders are a group that is not just going to go away.
Despite a holiday drop off looming, we still have movement in bitcoin-related names, the Robinhood folks keep going, and check out ContextLogic's offering.
I am starting a position in fintech Triterras as blockchain is hot in this frothy market action.
Here's how to play MARA, as the cryptocurrency goes the distance.
This should be considered an aggressive play, but I find CLSK's exposure to Bitcoin plus grid-management appealing.
Investors are focused on where the economy will be in several months, and don't seem concerned about short term weakness.
Bitcoin and other 'secondary' names move, while big retailers sell.
The good news is that there's some dip buying support and several 'hot pockets' of strong speculative action.
I plan on riding this trend to the bitter end -- and piling on profits earned along the way.
It continues to be a market for speculative trading.
With lackluster indexes, traders were drawn to wild action in bitcoin.
* Boca Biff calls another "top!" Bitcoin makes a new low - and is now below $6,000. Time for my pal Tom Lee to appear on Fast Money, again. Boca Biff proved to be a contrarian indicator, again in "Tales From The Crypt" (from February): In our teleph...
* The dark ages! * The RHT deal is a belated move that smacks of desperation and failure to grow organically For years IBM has been buying its shares into a backdrop of declining fundamentals. Over the weekend, IBM announced the acquisition of Red...
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.