Riot Blockchain Inc (RIOT)

Prev Close 33.45
Day Low/High 32.62 / 35.52
52 Wk Low/High 1.27 / 79.50
Exchange NASDAQ
Shares Outstanding 84.14B
Market Cap 2.81B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

What Could Possibly Go Wrong (With Cryptocurrencies)?

* 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...

Tweet of the Day (Part Trois)

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...

Minding Mr. Market: The Coin Toss

* 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 "...

Coinbase's Market Cap Is Too Huge for Competitors to Ignore It Any Longer

Coinbase's Market Cap Is Too Huge for Competitors to Ignore It Any Longer

Yes, COIN is only one company, one stock, but it's a mountain of emotion right now.

The Markets Are Steadily Climbing

The Markets Are Steadily Climbing

I'm hoping that we see some more rotational action rather than a broad market correction.

Subscriber Comment of the Day (Part Deux)

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...

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 ...

SPACs May Look Finished, but Opportunities Await

SPACs May Look Finished, but Opportunities Await

You can still find good plays in special purpose acquisitions, if you look in the right places and know what you're doing.

Little Speculative Interest as Worries About Archegos Continue

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...

Why's Reverse Merger With Greenidge Generation Matters

Why's Reverse Merger With Greenidge Generation Matters

Let this play out, and then revisit it if it's a sector that interests you because there could be something there worth considering.

Assessing the Damage

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 ...

Spec Tech as in Dreck

* 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...

Today's Trades

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

Short Adds

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


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

Small-Caps Have a Rough Day

Small-Caps Have a Rough Day

Some of the worst action Thursday was in the bitcoin-related names.

Minding Mr. Market

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...