Riot Blockchain Inc (RIOT)

34.92
NASDAQ
Prev Close 37.00
Day Low/High 34.35 / 36.40
52 Wk Low/High 6.01 / 79.50
Exchange NASDAQ
Shares Outstanding 95.95B
Market Cap 3.55B
P/E Ratio N/A
Div & Yield N.A. (N.A)

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 Support.com's Reverse Merger With Greenidge Generation Matters

Why Support.com'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 .

RIOT

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...

Stock Picking Is Key After This Gap-Up Open

Stock Picking Is Key After This Gap-Up Open

Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.

This Continues to Be a Market Dominated by Small-Cap Stock Picking

This Continues to Be a Market Dominated by Small-Cap Stock Picking

Much of the cannabis money is rotating back into bitcoin plays.

Bitcoin Is Not a Trade Medium or Currency

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...

Oh... That's Very Different!

I wonder what percentage of the traders trading stocks like Riot Blockchain and MicroStrategy have any idea what those companies do?  Never mind.     

This Is Why He's The Smartest Trader in the World (Part Deux)

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 (+...

Stay Focused on the Stock Picking Action

Stay Focused on the Stock Picking Action

The worry is being left on the sidelines as the market continues to climb.

Here Are Sectors and Themes Promoted in Social Media

Here Are Sectors and Themes Promoted in Social Media

What's most important about this market is understanding which themes are driving the action.

Social Media Traders Continue to Roil the Market

Social Media Traders Continue to Roil the Market

The short-squeeze drama is captivating the market right now.

The Suits Shut Down the 'Short Squeeze' Trade

The Suits Shut Down the 'Short Squeeze' Trade

Small traders are a group that is not just going to go away.

There's Plenty of Choppy Action

There's Plenty of Choppy Action

I believe that this shakeout may last a couple of days.