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If charts can talk, I have to agree with you
RIOT six month chart is a thing of beauty
Bitcoin has become predictable
It always sells off at 8AM EST.
Like clockwork.
I think we will see a gap up tomorrow
Short attack again this morning
Bought GME, AMC, and CLOV after hours yesterday
I expect to see recovery in MEME stocks as they were oversold.
Earning pullback is usually ~20%. Let's see how GME does tomorrow.
Last time this went from $180 to $120. I don't expect the pullback to be that severe but do expect some pullback tomorrow which I consider to be healthy.
Where are the APES?
Today is the day with already over 1.6M shares traded premarket
ZOM is getting ready to pop
Very bullish chart
Let's go APES!
Diamond hands
Wall Street Reins In Hedge Funds’ Short Bets on Meme Stocks
https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.
I meant Monday
It doesn't look like it will happen today.
Maybe tomorrow?
I get it. I've played with penny stocks for many years. I realize this can go lower but at these prices, it is the risk I'm willing to take. It comes with the territory for OTC stocks. If and when this pops, it will be a multi-bagger.
Bought 2M shares at .0006. Bought based on the historical chart that shows the lowest CBDL was historically have been .0004, .0005, and .0006s. Nothing falls forever. I think it's a good entry point to start a position.
Shorts in all heavily shorted stocks like GME, AMC, NKLA getting hammered today. Next up is RIOT.
The question of whether BTC should be adopted or not is a forgone conclusion. The question simply is how fast will BTC be adopted. We're seeing adoption rate by these big fortune 500 companies which will serve as impetus for faster adoption by the rest of the economy. Bitcoin should be part of everyone's investment portfolio now while the price is still low. I'm predicting over $100K before end of the year. $200 to 300K in the next couple of years. Hold tight for a fun ride.
Isn't that good for RIOT? Less competition from Chinese miners.
I think Warren Buffet's quote that always resonates with me is "Be greedy when everyone is fearful." Yesterday was such a good buying opportunity. Fire sale. Agreed those who sold yesterday will be regretting it.
Great minds think alike. Since they will be mining more, it will make up the drop in BTC prices. Long term though, they will see their BTC chest balloon as BTC prices trend higher.
I think Chinese effect is overblown and Elon will be more careful not to shoot his own foot going forward.
I've been bullish during RIOT's drop but even more bullish now that many of the bad news have been baked in and what I believe was the bottom of BTC yesterday. The fast recovery was telling.
All in and going long on RIOT.
I wish I had some powder on the sidelines.
I'm all tapped out. What a great buying opportunity during this panic sell mode. I've been lucky to not "get trapped" in the downslide on RIOT except for today. Didn't see it coming. Okay since I planned to go long anyway. As I said before, I thought low to mid 20s is the bottom. I still believe that. We'll see.
BTC will bounce from its 200 DMA just like RIOT did three days ago. Get ready to buy.
Seeking Alpha trying to put a negative spin on RIOT's record breaking quarter.
Record revenue, earnings, bitcoins mined, hash rate, most efficient mining with lowest energy consumption all the while maintaining good control on expenses. Don't be fooled by Citron's paid article
Elon should like RIOT's focus on reducing energy consumption for mining or improved hashrate efficiency to 33 joules per terahash. I believe this makes RIOT the most efficient BTC miner.
"When fully deployed, the Company’s total fleet is expected to consume approximately 257.6 MW of energy with an overall hash rate efficiency of 33 joules per terahash (J/TH). This demonstrates Riot’s commitment to being a market leader by building one of the largest and most efficient Bitcoin mining fleets in the industry."
Get ready for short covering to add fuel to the reversal. Coupled with recovering BTC price. Not to mention 9 Straight days of red. Chart is begging to go green. Also we have pulled back about 50% from start of this continuous marathon of red. 72% decline from high of 77.90. Way oversold.
I think the bottom is between low to mid 20s.
The price likely would have come down to low 20s eventually but Elon just made it happen sooner by couple of days. Anyway, for me, I will continue to add at these levels.
Picked up some in the 22s after hours yesterday
At these prices, I think the risk vs. reward favors the risk takers IMO.
Looking Like 8 Days Red in a Row
Sounds like it was written by one of Citron's paid writers.
The logic is flawed. It does not take into consideration the adoption rate of BTC. It is more and more becoming mainstream. Just because the CEO doesn't own lot of the company somehow make it a short target? Author discounts Whinestone acquisition and BTC price. Short interest staying the same at 13% somehow suggests future price decline? I don't know of any stock with short interest staying the same is the reason the price declines. No thanks. With BTC expected to rise anywhere from $100K to $300K in the next one to two years, I'm a buyer at these levels.
Be Greedy When Everyone is Fearful
What a buying opportunity IMO
You may be right. This may be a trade until it finds its bottom.
Bought some after hours
Down 6 Days in a row, 7 out of 8 days.
Do not know where the bottom is but I will build a larger position if this drops further.
Oversold
BTC price and share price is decoupled.
Biggest factor/fundamental for miners has to be BTC price and RIOT is undervalued relative to BTC price right now.
I was actually being conservative
I think doubling is almost certain as long as BTC continues to go up.
Tripling is possible and likely.
RIOT is a long term hold for me.
BTC should run past $100K this year.
RIOT should double from current price.
Bitcoin price pivoted today from a double bottom in the $47 hundreds before recovering to the $50k range. This is the reversal we were looking for IMO. I am very bullish for both BC and RIOT from this point on. We'll see.
Good luck to you and with CC.
For me RIOT is a longer term hold.
My simple thesis is that bitcoin price will continue to trend higher.
RIOT will trend higher accordingly.
Hedge funds and big money use media to print fake news and disseminate false information to their advantage. This happens both ways to help and to hurt a stock. Citron has history of creating their own false narrative to dupe people of selling in the best interest of their short positions. Facts, evidence, and bitcoin price does not lie. To me, this pullback is nothing more than an opportunity to buy more which is the reason why I am all in now.