Riot Platforms Inc (RIOT)

[dude iligence]

Setting up for a short covering rally. The media spot light is on RIOT so they will be on their best behavior. They have been accused of being a pump n dump. The last thing they will do in the immediate future is dump shares. Lots of clueless newbies have jumped on the short band wagon without understanding what they are getting into. One of the most painful lessons I ever learned in the stock market was a margin call on a short. Best described as putting your hand on a cold burner turn it up to warm then slightly warmer about when you had all you can stand turn the heat up to full red. This is what we will see with RIOT Newbie shorts getting margin called. If they are lucky their broker sent them a message that shares not available to short. Why will this happen Just because, not a good enough answer.

1. The tiny float of RIOT Yahoo lists it at 7 mil. I'm sure its larger than that but lets say its 15 mil still tiny float. All this needs is some positive news and massive buy volume and Bam its rally time. CNBC will have it all over the ticker in pre market. Management wont be dumping any shares in the near future they will be on their best behavior till the spot light goes away. Guys like me that are looking at the small float and the giddy new shorts. Yeah I take that bet so guys keep on shorting. My question is where were you when RIOT was over $40 that was the time to short not near a bottom.