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BOOM! There it is! As predicted! Bitcoin breaking out and miners going along for the ride!!! RIOT and MARA
Does this sluggishness have to do with the ETF's for Bitcoin ? Why then ? I know the shares were diluted but not enough to stamp this down like it is and has been since the recent $20 SP. My gut feeling is that some big players want a big chunk of Riot and Mara. Churning to hold it down. If BTC does the $100K run or more, you'll see why.
You and me both but that may hopefully and dramatically change very soon.
Just trying to figure out why these block chain stocks havnt really moved as Bitcoin continues to climb.
It’s getting ugly over here
BTC up. Riot and Mara down 5%. Why ? Heavy selling pressure to hold them down for something in the works ? Saw exactly the same thing a few years ago. Then it popped. Big shake out imo. GLA
Interesting hypothesis circulating.
https://www.fool.com/investing/2023/11/04/are-these-bitcoin-mining-stocks-a-sneaky-way/
Bitcoin miners using their huge inventory of computers for Artificial Intelligence. Like, Riot has thousands of miners that could possibly work in parallel ? Feasible ? AI is the next Dot Com it seems so maybe this will be a new platform to run up share prices ? Share price is not as volatile as it was compared to BTC so something new is needed to push this up again imo. GLA
500 contracts 20 strike jan 2025 let’s goooo!!!
Here comes the BOOM! Bitcoin and miners! Let's have a RIOT!
Quite the offer wall up now. Price in my opinion is being held down. Some deal in the works ? Merger ? Or as Mikey says, maybe a buy out. Someone knows. GLA
I would say real well..
What program are you using for watching this ?
So as bitcoin goes, so does RIOT. Definitely joined at the financial hip.
near term hit -.50¢ on Coin, next week......no big deal at this point, imo
COIN earnings next week on the Day of the Dead
What an excellent analysis, these are so tough to trade but good to own some and nibble for sure at these valuations
I've been a full time trader for 20+ years, and i've discovered i'm not good enough to be able to chart RIOT MARA HUT, et al, because they move according to BTC, which lately, moves on news, and as everyone knows, News trumps technicals, so basically, you just have to take your bet shot and start nibbling, but like I said, insofar as fundamentals are concerned RIOT is the ticket....... when the gloves come off and ETF''s are approved, someone is gonna to scoop up RIOT.....all just my opinion!
Bought back in near low 10’s gap fill
Interesting. With Mara and Riot not so far apart in SP now, maybe a merger? Huge BTC mining company then. A price must be set.
Well, I opted to switch over 1/2 of my MARA commons into RIOT commons......thats a 5.21 Beta on MARA....but I think there is a real possibility of someone buying out RIOT......all just my .02¢
Looks strange. Is it possible that BTC got away before some nice juicy options were set and the SP is being held down ? If so, this will pop when the reins are let go. Holding. GLTA
Idk I sold most of what I bought high 8’s and low 9’s and will hold a little for now
Shorts cover on all dilution?
That true we could see dilution near term and maybe that’s why the pops aren’t holding
Sold a bunch yesterday and at open today
The reality is in less than a year the company revenue will be cut in half with the HALVING. If BtC can run to $100k prior to that these miner plays will do well. Otherwise, just play BTC
Gotta factor in that this pop could fizzle out like others have I guess
Thought this would have popped more this morning with BTC rising.
TDA is showing this as share structure, do you have/see something different?
Share Information
RIOT is in a share class of common stock
Float 188.7M
Shares Outstanding 198.7M
$RIOT Running after hours. $BTC-USD is above $32,150 as of this posting.
The purpose of listing on exchange is to raise money bro that’s managements job
Got the SEC proxy filing today. More dilution to benefit management. Can anyone offer an opinion why RIOT is not a dilution machine?
Thanks.
I don’t see it that way. I just bought some more low 9’s
Wow, RIOT keeps surprising us! Check out their latest SEC filing – they're asking to add 13 million more shares for management. That's another $130 million of dilution on top of the already huge $750 million. It seems they want to reward themselves big time, even though they're far from the best mining company. Unbelievable, right?
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