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MARA trades in the pre-market and post-market sessions.
Being a stock it follows the stock market stats, but also follows Bitcoin price.
If Bitcoin goes up over night then MARA will often open UP.
Based on how CORZ responded on earnings release earlier today I think we might see $24/share on MARA in the pre-market session tomorrow.
Earning are out and lots of after hours activity.
Revenues Increase 223% to a Record $165.2 Million.
Net Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted Share.
Adjusted EBITDA Increases 266% to a Record $528.8 Million.
Good point! That is a very good sign of confidence.
On the MARA stock page at my broker it says that earnings come out today. But I don't see any PR verifying the release.
Anyway, Marathon has has some power problems that curtailed their production. I am very interested to see if they have overcome those problems and have beat CORZ on Bitcoin mining production. Marathon should be #1 in this game.
Earnings are due to come out today after the close. There might be some positive action tomorrow,
Core Scientific published their earnings yesterday after the close and they are up about 10% today.
Of course, everything to do with the miners depends on the price of Bitcoin. And secondarily on the stock market action.
I appreciate your knowledge about this as a long term shareholder. That is valuable to me and Thanks for sharing.
I am invested mainly in Bitcoin Mining stocks, trying to surf the Bitcoin wave thru the end of the year. BFCH is somewhat related to my strategy since they buy and sell ASIC mining machines, Immersion technology, and building and maintaining data centers. Unfortunately they don't make any money directly from Bitcoin so their only option is to dilute the share base. With their inventory of machines to sell it seems like they should at least fire them up and see if they can earn some Bitcoin.
I agree with your split prediction.
They have had power problems lately which would seem to point ti a lower price. However, there is so much untapped potential in Marathon that I believe the price can go a lot higher. Maybe as high as $100/share by year end, depending on what Bitcoin does.
I have sold covered Call options against my MARA position exercisable at $26. I sold them for 23 cents and they are worth a nickle today. They expire EOD tomorrow. So I hope the share price does not go too high in the short term. However, If it goes to $15 I will certainly be tapping my margin borrowing power and picking up a few more shares.
Based on the previous post-halving price history Bitcoin should be trending sideways until about the end of June.
Good Luck to All Longs.
I agree that the situation does not look very good at the moment.
They have a nice web site, and on the front page is a video from January that suggests they are considering uplisting to the OTC.
If they could pull that off it would help the stock quite a lot. They would need to get a big business win or reverse split the stock
to boost the share price to meet the listing requirements. They have been so quiet I hope that something is going on behind the
scenes to improve the situation. Right now the stock is powered by "hopeium".
This is certainly NOT an investment grade stock. It is purely speculative. More like gambling. I have been playing with the penny
stocks since the early 1970's. One thing I know is that the time to buy them is when they are dirt cheap. And then just sit on them.
It is not unusual for a stock selling this cheap to double or triple in price over night, given a positive change in circumstance.
Good Luck to All Longs.
If I had to venture a guess I would think that is Short Covering.
The current short position about 52,500,000 or about 19.24%, which is down 22.21% from previous month.
Current outstanding shares is 272,900,000. The Market capitalization is $5.6 Billion. Today's trading volume is 88,752,933.
Incidentally, MARA is holding 17,381 Bitcoin, worth about $1.1 Billion at today's price.
So, suppose BTC doubles in price to $120K. It seems obvious that the price is going to go up at some point based on Supply v. Demand.
Market Buzz as Fetch.ai Surges, Analysts Predict Further Gains (article of May6)
https://cryptotale.org/market-buzz-as-fetch-ai-surges-analysts-predict-further-gains/
A whole flurry of SEC Form4's filed yesterday for exercise of insider incentive stock options..
That means the insiders are putting up money to buy their shares. That shows confidence.
So far I am down less than $25. So I will hold it for a while to see what they do, if anything. They don't seem to be communicating with the public very well. Maybe that will change if their fortunes improve. I am certainly not too deep into this one- just rolling the dice here.
Post Halving Bitcoin hasn't really kicked into gear yet, as it is expected to do. But as the saying goes "A rising tide floats all boats".
Good Luck to All Longs.
I just bought another 200 shares of HIVE to add to the 300 I already own. I could not pass up the lowest price in a year.
They are one of the smaller bitcoin miners but their fleet is highly efficient in terms of production per electricity consumption. They rely on Green Energy available on three continents so their cost per bitcoin is low. Also they have thousands of Nvidia GPUs which they are going to deploy for High Performance Computing for Artificial Intelligence. Apparently they have not yet secured their first customer. They are developing a Computing Cloud configuration, I suppose, because their sites are out in the boonies. This will give them a 2nd income stream which could eventually be more lucrative than bitcoin mining.
And finally, they have weekly Call options trading against the stock. This gives me the opportunity to make a little cash profit every month while holding onto the shares for the long haul. I am very happy with the purchase and upside potential.
Good Luck to All Longs.
In the Big Picture I couldn't care less about this company. As far as In am concerned It is just a vehicle to make money.
I have a tiny position in this compared to what I owned earlier last year, over 600K and sold at a 25% profit. So I threw a little funny money into this again just to see if I can get lucky a second time. This is speculation and not real investing.
I am mainly invested in Bitcoin Mining companies that have Call options that trade weekly. I sold some Calls today for $286. And I have two options that expired today out-of-the-money so I locked in about $325 cash profit. Every week I have some extra cash to play around with. And this week I bought some BFCH, but just a few shares. And as of today I am down $12.
I checked out the legal summons that you posted. Apparently the suit is for an amount of about $50K to $65K plus attorney fees. In the biz of bitcoin mining $50K is chump change. If their Liquid Immersion Worldwide subsidiary can secure just one reasonable size sale that should be way more than needed to pay off the claim.
Of course, the stock price is dirt cheap so there may be other problems that are not apparent. But stocks that are in and around the Bitcoin Mining biz can go up 10X in price in a week. So I will just hold onto my newly acquired BFCH shares and wait for higher prices.
Good Luck to All Longs.
Greetings, I have 7022 of FET (FETCH.AI) which I purchased in 2022 for under 29 cents..
I made the mistake of storing it on the Gemini Exchange in order to collect some interest via their Earn program.
Well, the Earn program was actually run by DGC which was forced into BK as a result of the FTX debacle. So my crypto got tied up in the bankruptcy liquidation for well over a year. Originally, DGC claimed that everything in the Earn program were their assets. However, Gemini filed a law suit on behalf of their Earn customers. Now it looks like I might actually get my FET returned (in kind), possibly by early June.
For me, the interesting part is that it has gone up in price quite a bit, like 900% or so. I probably would have sold it long ago if it were not for it getting tied up in bankruptcy.
And since this happened A.I. has become " a thing", a market force, that can be invested in. So, assuming I get my FET returned, I will probably hold on to it for quite a while.
Good Luck!
Here is a good place to get information about Bitcoin Mining stocks:
https://www.powermininganalysis.com/
Good Luck.
I have been posting on this site since 2016. And I have a lot more posts that you do. Yet you are the first to refer TO ME in the 3rd person that I "...posts stupidity based on nothing...". And only because you don't agree with me. I am guessing you have some sort of "ax to grind" with the company whereas I just see it as a trading vehicle.
I trade on the observation and experience that it is far easier for a stock selling for a penny to double or triple in price, than a stock selling for a dollar.
So why the hell would you care which I stock I buy or post about?
Your post is all the proof I need to know that you are a sociopath who will attack anyone who doesn't agree with you. The uncivil nature of IHUB is the classic problem with the forums as long as In have been here.
In your opinion, who is manipulating the stock and how are they doing it?
No doubt you would like us to dump our shares so you can buy more at a cheaper price. But that isn't going to happen. What possible reason would you have to post negative if that were not the true reason. Are you trying to save us? LOL!
I really like Bit Digital. I own 1100 shares and I sell covered call options against the position as often as I can. I like the fact that they have successfully made a pivot into HPC (High Performance Computing) to support the emerging A.I. industry. They have one HPC customer and are looking for more. This will earn additional revenue on top of their BTC Mining income. Good Luck to all shareholders.
I have 800 shares of MARA. I am selling covered call options every few weeks and have been making a nice cash flow for over a year. I would like to buy more shares of MARA because they have the largest HODL of bitcoin at more than 16,000. At the current price their BTC holdings are worth about $4.50 of the share price. That can only increase in value in the coming months. Because of the Halving some smaller Bitcoin Miners may be forced out of business. So MARA is well positioned to pickup some distressed properties, data centers and machines, at bargain prices. Good Luck to all share holders.
Greetings, I just picked up 20,000 shares of BFCH at $.005. I think this is good for a double in the next few weeks. They service the Bitcoin Mining industry although they don't do any mining themselves. Earlier this year I owned up to 452,000 shares of BFCH purchased at $.009 and higher, and sold for more than a double within 2 months. So this is my 2nd time playing with this one. Bitcoin, the crypto, is on fire so anything related will do well this year as BTC will likely reach $200K and maybe more.
Other than Bit Frontier, I also own about $43K of a half-dozen different Bitcoin Mining stocks and I make about $3K per month selling covered calls against them. I go for the ones that have weekly option series so I have a little extra control. This strategy has been working well for me over the last two years and I expect it to continue thru 2024 and beyond. I am just "Surfing the Wave" as the dollar collapses and gold and crypto climb into the stratosphere. Good Luck and Always do your own Due Diligence.
Hut 8 Mining owns 9,113 bitcoins as of November 6, 2023
...and certainly more by now.
At the moment that I post this Bitcoin is selling at $42,293
So as of Nov6, HUT was holding something north of $385 million in Bitcoin.
This is just an estimate based on available data.
Thanks for sharing that video. Very interesting.
I have been an owner of Applied Blockchain for most of 2023. It is one of a few Bitcoin Miner stocks that have Call Options that expire weekly. So I have been able to generate constant cash income to expand my further investments.
I have been speculating on crypto since 2017. When I started there were about 1200+ individual cryptos, and now there are about 14,000. I made a great deal of profit day trading other cryptos as Bitcoin ran up to $64K. Then when it crashed I lost about half of my profit. It has been painfully obvious since the beginning that all cryptos follow the movements of Bitcoin. And that the vast majority of crypto are "shit coins" not worthy of owning.
About the time that Bitcoin fell hard I became aware of the bitcoin miner stocks, and the financial problems there were having. I discovered the near-bankrupt Core Scientific (CORZQ) and bought a boat load of it at around a dime and sold it at 70 cents. That experience made a believer out of me that playing the miner stocks was a much more lucrative way to go than trading the crypto directly.
So now I am focused on just a few miner stocks that have Call Options that expire weekly. I really like the regular flow of cash. I also have some other miner stocks that are very cheap and are long term speculative plays. I am convinced that most of the crypto market is a very close analogue of the penny stock market, where I learned my skill set. Instead of issuing more paper stock they just issue electronic coins; basically the same process.
Good Luck to everyone who reads this post.
Act aims to accelerate US deployment of new nuclear
05 April 2023
The Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act of 2023, introduced to the US Senate by a bipartisan group, aims to support efforts to develop and deploy new nuclear technologies at home and abroad by measures such as regulatory support for advanced nuclear technology deployment and facilitating the repurposing of conventional energy sites.
Full article:
https://world-nuclear-news.org/Articles/Act-aims-to-accelerate-US-deployment-of-new-nuclea
CORZ closed UP over 44% today.
As the largest U.S. Bitcoin Miner it still has some legs as a speculative play.
Biden-Harris Administration Announces $150 Million To Improve Nuclear Research and Development Infrastructure at Idaho National Laboratory
October 25, 2022
Investments from President Biden’s Inflation Reduction Act Will Support and Advance Next-Generation Nuclear Fuels and Reactor Technologies Critical to Achieving America’s Climate Goals
WASHINGTON, D.C. — The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced $150 million in funding provided by President Biden’s Inflation Reduction Act for infrastructure improvements at DOE’s Idaho National Laboratory (INL) to enhance nuclear energy research and development. The funding will support nearly a dozen projects at INL’s Advanced Test Reactor (ATR) and Materials Fuels Complex (MFC), both of which have been operational for more than 50 years and serve an instrumental role in advancing nuclear technologies for federal agencies, industry, and international partnerships. Nuclear energy generates nearly a fifth of America’s electricity?and accounting for half of all domestic clean energy generation, making it a critical tool to reaching President Biden’s goal of 100% clean electricity by 2035.
Full article: https://www.energy.gov/articles/biden-harris-...evelopment
I understand your point completely.
I have been investing in penny stocks for over 50 years. Usually, when I discover that a reverse split is coming I immediately dump my position. The stock nearly always dips following the split, and then I buy it back and achieve a lower cost basis.
But in this case I want to hold for Long Term for a really big gain. So I think I might buy some PUT options to make a few bucks on the down side. Throughout this year I have been selling covered CALL options that have all expired in my favor. So I am used to playing the options and acquiring more shares on the dips.
Of course, the measure might not pass if it does not get the votes. Apparently the insiders do not own enough shares to get it passed on their own. I guess it could go either way.
Actually, I am way more focused on the changing weather patterns, the increasing cost of energy, and the overall worldwide problem, etc. I am less focused on this one stock. In my opinion, Lightbridge is a piece of the larger puzzle, and I think they are very well positioned to be a gigantic success story.
Always do your own Due Diligence.
I would not be owning this stock if I didn't believe Lightbridge is going to be a huge success. And in my opinion it is just a matter of time before the stock breaks out.
So, if they are going to be successful then they are going to need a lot more shares to sustain the growth. I have been trading in this stock for years so I know it well. Up until last year the float was about 4 million shares. Then earlier this year they increased it to about 11 million. And as a result the share price has suffered.
So up to now, in consideration of the potential for growth, the number of outstanding shares has been minuscule. Anything under v$10 a share is considered to be a "penny stock". The future growth scenario I am suggesting is why the number of shares must be increased and soon. Right now is when this should happen.
And what will future growth look like?
The Lightbridge fuel rods are intended to retrofit LWR (Light Water Reactors) and to be used in the future SMR (Small Modular Reactors) that will come to market over the next few years.
Currently, there are about 99 LWR in the US fleet, and 3 under construction. The total world wide fleet is about 359 reactors in current operation. Each one of these reactors is a candidate for use of Lightbridge fuel.
About 3 or 4 years ago Lightbridge put on a audio conference available on the net. The CFO spoke and said that the company would eventually offer the fuel rods on a royalty basis in order to share in the abundant extra profit that the power companies would receive for using these fuel rods. And that each installation would generate about $10 million in royalties per reactor per refueling cycle to Lightbridge. So you can do the math; given the number of LWR worldwide the financial potential for income could be several billion dollars per year.
I am only relating what I heard in the audio conference. I don't recall any of the details, date and names, etc. And I have never seen any written transcript of that conference. And I have no idea if the company has changed plans or scenario of how to benefit from the future sales, etc. But it did give me a lot of "food for thought" and has sustained my investment here for years.
Some who read my post may think that I am deliberately hyping or pumping this stock. All I can say is that I have been a shareholder for a long time. Because you either believe in nuclear energy or you don't. Carbon neutral wind and solar energy are great, but the two together can not possibly meet the growing energy demands of our country, let alone the world. Until fusion energy arrives, in about 30 years, nuclear will be the only viable alternative. And it can be done safely if better designed fuel rods are used.
In conclusion I would like to add that the Lightbridge fuel rods are currently being tested in the National Test Reactor in Idaho. I must assume that at some point the fuel rods will be certified for use in grid connected reactors. All Lightbridge needs is just one sale and the stock will take off. This is total W.A.G. on my part but I am predicting $40/share by the end of 2023. Please do your own due diligence.
SMR company NuScale pivots from development to delivery - 20 June 2022
"NuScale Power has announced it is making a strategic shift from product development to product delivery as commercialisation of its VOYGR small modular reactor (SMR) power plants approaches."
"...a six-unit VOYGR plant which is to be built at a site at Idaho National Laboratory - plus "landmark customer engagements" in Poland and Romania ..."
https://www.world-nuclear-news.org/Articles/SMR-company-pivots-from-development-to-delivery
This press release fits nicely with the recent CEO Seth Grae interview. He mentioned that Lightbridge fuel rods will be tested at Idaho National Lab, and that there is increased interest from Eastern Europe nations, etc.
Although no one has actually said so,,, What do you want to bet that the Lightbridge fuel rods will actually be tested in the NuScale Power VOYGR SMRs for early delivery in Idaho, etc.?
All the pieces are falling into place here... I am thinking this will be a $40 share price in 2024, if not sooner.
Lightbridge CEO Seth Grae Scheduled to Appear on the TD Ameritrade Network Today (6/14) at 4:10 PM ET 8:00 AM ET 6/14/22 | GlobeNewswire
RESTON, Va., June 14, 2022 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced today that its President and CEO Seth Grae is scheduled to appear on the TD Ameritrade Network today at 4:10 PM ET. To watch the appearance, go to: https://tdameritradenetwork.com/.
Mr. Grae will join "Market on Close" hosted by Oliver Renick, the lead anchor at TD Ameritrade Network. Mr. Grae will discuss how nuclear power can help combat rising gas prices and food shortages, and what makes Lightbridge Fuel(TM) an attractive option for the nuclear industry.
With the world-wide trend of energy shortage and the increasing climate problems, it seems to me that this company should get at least one sale of their innovative fuel rods sometime in the near future. Just speculation on my part, connecting the dots. There could be a tremendous upside to the stock price.
A couple of years ago in an investors call it was estimated that Lightbridge would earn up to $10M per reactor upgrade, in a kind of revenue sharing arrangement based on cost saving. The rods are supposed to produce about 30% more power and do it more safely, while lengthening the refueling cycle by a couple of years. The resulting cost saving to the plant owner is about $30M per fuel cycle.
And there are over 100 reactors in the US. So if something breaks to the good then this is going to be a big money maker and grow real fast. At this point all we can do is hope. For me this stock has always been a kind of hidden gem and I have owned it for at least a decade and I still believe in the prospects going forward.
As the old Monty Python saying goes: "Expect the Unexpected".
The patents are worth several times the total capitalization.
So should we all be looking to sell at or near .12 ?
Will you be selling at .12 ?
I have a large position at eTrade where I can only sell, and .12 would give me a very modest profit.
I originally paid about $.34 over a decade ago and saw it run to $1.04 and then collapse to .02 on the phony fraudulent J&J patent suit. I have averaged down and flipped it a few times since then.
Then it started up again on the CV-19 detector news in Feb2020 and ran hard. I had an order in to sell at $.50 and it reached $.49 before it got hammered by the SEC on more phony contrived zhit.
And here we are in the basement AGAIN. This has been a roller coaster for sure. I don't want to miss out on a nice profit, for the 3rd time in a decade.
So tell me, Wise One, What should I do? Sell at $.12 or wait for $1.00 ? DECN has survived all of these years, outlived all legal problems, and my gut tells me that it will end up being a fantastic winner if I hold out a while longer.
I have a smaller position at TDA at .013 where I can still trade in and out. Should I try to flip it until May25?
An hour ago 400K shares were purchased creating a really big spike in volume. PPS went to .03
This may indicate something good is about to happen.
I tried twice to put in a limit order at TDAmeriterade.
Both Orders rejected with error messages "Out Of Range".
Apparently TDA has now decided what price I can sell at. Although they haven't yet told me what the actual price range is. I suppose I should be thankful that TDA is still accepting buy orders.
I thought my sell limit price of $0.075 was entirely reasonable. I know this stock has been heavily shorted so I'm just trying to take advantage of the situation, as was the case with Robin Hood/Gamestop.
This is a perfect example of why I have been transitioning out of the stock market and into the crypto market over the last two years. Fees are 90% less, no middle men, no brokers, no market makers, no short sales, etc. And maximum liquidity for truly portable assets.
Incidentally, I have been a continuous owner of DECN (and prior symbols) since 2004.
I managed to flip my pos twice this week for a grand profit.
It looks like there are a bunch of insider stock options being exercised. Perhaps they're selling to pay their personal bills, etc.
As far as I know their only revenue stream is from consulting. Maybe they got a new lucrative contract.
In one of the conference calls last year the CFO said they would not have any revenue from the fuel rods for 10 years. That is a long time.
Or maybe it's the Reddit crowd playing with this one like they played GameStop this week. Is this one being shorted?
Anyone have any other ideas of what this rally is about? As the general market falls down.
Speak up. Inquiring minds want to know...
Biden wants to extend the START nuclear arms control treaty.
If successful that means that both parties will be taking their nuclear warheads out of service and down-blending them to produce fuel for power plants.
That may keep the price of uranium in a tight range for quite a while.
On balance, nuclear energy is going to be expanded over the next few years because it is cleaner than fossil fuels.
All just my opinion...
Class Action law suits like these are among the biggest legal scams going.
You will find out that the payout is minuscule and the legal fees are astronomically high.
You'll be lucky if you get a penny or two on the dollar.
What does this have to do with Decision Diagnostics?
It looks to be totally off-topic to me.