|Day Low/High||6.58 / 7.78|
|52 Wk Low/High||2.38 / 6.04|
* 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...
This sort of frenzied speculation drives conservative money managers crazy but helps produce positive sentiment.
One thing that has constantly confounded the bears is that there tends to be rolling correction.
"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...
The one name I feel has the best fundamental argument is Overstock.
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.
"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...
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.
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...
Monday's action saw little change in major stock indexes.
There is no question in my mind that the cryptocurrency frenzy will end badly, but trying to guess when and how is impossible.