Riot Blockchain Inc (RIOT)

29.52
1.40 4.90
NASDAQ
Prev Close 28.14
Open 29.90
Day Low/High 29.02 / 30.67
52 Wk Low/High 8.36 / 79.50
Volume 7.46M
Exchange NASDAQ
Shares Outstanding 116.58B
Market Cap 3.34B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Small-Caps Lead Monday's Gains

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 Show Big Mo

Markets Show Big Mo

Stocks surge fueled by seasonality, tax bill hopes and bitcoin frenzy.

Markets Trim Gains on Rebalancing and Options Expiration

Markets Trim Gains on Rebalancing and Options Expiration

Markets celebrate as tax bill passage looks more likely.

5 Quick Observations

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...

Major Stock Indexes Fail to Tell the Whole Story

Major Stock Indexes Fail to Tell the Whole Story

Boeing put wings under the Dow, but rotation is continuing to take a toll.

1,2,3 Red Light

"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...

Mid-Afternoon Observations

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...

Bitcoin Mania Travels in Different Orbits

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...

That Wild Market Momentum Has Cooled

That Wild Market Momentum Has Cooled

But here are some movers I am looking at today.

Stock Market Won't Run on Bitcoin Hysteria for Much Longer

Stock Market Won't Run on Bitcoin Hysteria for Much Longer

Endless bitcoin media coverage helped to disguise the fact that it wasn't that strong of a day for most stocks.

Blockchain Names Attract Most of the Speculative Interest

Blockchain Names Attract Most of the Speculative Interest

The one name I feel has the best fundamental argument is Overstock.

Want In on Bitcoin Mania? This Obscure Name Is the Purest Stock Play

Want In on Bitcoin Mania? This Obscure Name Is the Purest Stock Play

Seldom do we have an opportunity to watch a bubble in real time.

Stock Buyers Are No Longer as Energetic as They Used to Be

Stock Buyers Are No Longer as Energetic as They Used to Be

In the past, these sorts of bounces led to very strong follow-through.

Chase What's Hot All You Want; Here's What Works for Me

Chase What's Hot All You Want; Here's What Works for Me

These are the principles I have adopted over the last four decades and I'm sticking with them rather than run with the momentum crowd.

Here's What Works for Me

"And I said to myself, 'This is the business we have chosen.'" --Hyman Roth, "The Godfather"  To me, stock price deception is seen with more frequency today than in any time in modern investment history. Our markets, influenced by massive central ba...

Why Bitcoin Is on Fire and Whether It Will Stay That Way

Why Bitcoin Is on Fire and Whether It Will Stay That Way

There are reasons for the frenzy in bitcoin, but where it and other cryptocurrencies go from here will depend on psychology factors and outside influences.

Why Bitcoin Is En Fuego, and Where It May Go From Here

Speaking of possible bonfires, as I do below, the epicenter may be bitcoin.  As bitcoin rises to almost $10,000 this morning, it might be a good idea to briefly reflect on the conditions that led to its swift acceptance and the quick price appreciat...

This Is a Creative Way to Print Money on Bitcoin's Insane Ride

This Is a Creative Way to Print Money on Bitcoin's Insane Ride

These moves can extend much higher than many believe, and the daily volatility is just getting started.

Recent Big Gainers Hit but Indexes Hold Their Own

Recent Big Gainers Hit but Indexes Hold Their Own

Monday's action saw little change in major stock indexes.

Some of the Market's Hottest Momentum Trades Are Dying Out

Some of the Market's Hottest Momentum Trades Are Dying Out

Biotechnology and cryptocurrency are among the struggling sectors.

Playing Bitcoin's Insane Ride

Playing Bitcoin's Insane Ride

These moves can extend much higher than many believe, and the daily volatility is just getting started.

As The Music Keeps Playing

"When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing," -- Chuck Prince, former Citigroup CEO (July, 2007)  (As is typically the case at adv...

Twitter's Stock Isn't Only One to Nibble on Post-Thanksgiving

Twitter's Stock Isn't Only One to Nibble on Post-Thanksgiving

I'm looking for some new entries in less-speculative names, but many stocks need a rest at this point.

Rev's Forum: Cryptocurrency, Blockchain Frenzy Reminiscent of Web Bubble

Rev's Forum: Cryptocurrency, Blockchain Frenzy Reminiscent of Web Bubble

There is no question in my mind that the cryptocurrency frenzy will end badly, but trying to guess when and how is impossible.

After Classic Holiday Trading, Get Ready for Monday's Action

After Classic Holiday Trading, Get Ready for Monday's Action

Not only did the indices perform well, but also there were some outstanding pockets of speculative action.

Rev's Forum: Speculative Traders Are Chasing Deals on Black Friday

Rev's Forum: Speculative Traders Are Chasing Deals on Black Friday

We had some great speculative buying earlier this week, and indications this morning are that traders still are chasing cryptocurrency and blockchain plays.

What I See in the Premarket Action

In early premarket trading the measures of speculation that I watch -- bitcoin, stock futures, Riot Blockchain , Roku  , Amazon , etc. -- are all moving higher.

Momentum Is Strong Heading Into Holiday

Momentum Is Strong Heading Into Holiday

There is still good speculative action in small-caps.

Tuesday Was Telling About Today's Trading

Tuesday Was Telling About Today's Trading

One group that is starting to look interesting is Master Limited Partnerships.

Rev's Forum: The Market Party Started Early but Should Rock On

Rev's Forum: The Market Party Started Early but Should Rock On

Action such as seen on Tuesday creates strong underlying support as those who missed the move still are looking for entry points.