Riot Blockchain Inc (RIOT)

* There are now over 100 Crypto Assets worth over $1 billion (that's a new record) * Dogecoin, which started as a joke, hit a $50 billion market capitalization on Friday * Investors want to believe in the value of cryptocurrencies, in the prophesies...

Watch the speculative crypto gewgaws fall today (e.g., , , , etc.): SHARES OF U.S.-LISTED CRYPTO & BLOCKCHAIN RELATED COS DOWN BETWEEN 1.5% AND 6% PREMARKET AFTER BITCOIN FALLS AS TURKEY BANS USE OF CRYPTO — *Walter Bloomberg (@DeItaone) April 16, 2...

* I ended the day in a large net short exposure (personally)   Some observations:   1. I was wrong on where I thought Coinbase would open, but I was correct that it should be be avoided (or shorted on the opening at $381) as it closed at $328. See "...

I agree and I don't think many of the traders that hold have a clue about the relationship to :  Thomas C  Citron's Andrew Left calls Riot Blockchain stock's premium to NAV 'ridiculous' Citron Research's Andrew Left says Riot Blockchain's (RIOT +7.3...

*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...

* 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...

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...

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 ...

If I was trading I would probably be out of all my speculative gewgaw shorts - like , , , , , etc.  

* To this observer they are shorts on any strength  My speculative shorts --  (-9%), (-5%), (-5%), (-9%), (-7%), etc. -- continue to stink up the joint.

Yesterday the speculative gewgaws fell apart (e.g., , , and , etc.). Today the larger cap concept stocks are taking a fall ( e.g., , and ).

"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 ...

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 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...

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 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...

My Takeaways * The damage today was broad-based * I ended the day with a medium-sized net short exposure (down from very large at the beginning of the day) * Banks may have had a buying climax today * Tech (especially of a speculative-kind) remains ...

* Even a blind squirrel (like me!) gets lucky now and then! * Large price declines in speculative gewgaws (that I am short) were plenty yesterday * Some of my spec shorts - CAN, MARA, PLUG (-25%!), RIOT - fell, on average, by over -10% each in Tuesd...

Additional add on longs today - and Additional add on shorts today - , , , and . New short and add on today-

I have added to the following shorts: , , , , , and .

I just covered my Riot Blockchain short.  The shares are down another -$17 today.  

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...