RIOT puts have been doing awesome the past week :)
Why is RIOT a piece of shit and why should you short it?
Well, namely they fund their operations through share dilution. Management is also highly inexperienced.
Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of June.
Target down to the Gann line.
See you below $2
Why is RIOT a piece of shit and why should you short it?
Well, namely they fund their operations through share dilution. Management is also highly inexperienced.
Oh, and I think they defaulted on a loan or something? I know they gave a lender a whole bunch of cheap warrants to exercise around the middle of June.
Target down to the Gann line.
See you below $2
Note
Actually, see you at $1.20Note
Bitcoin seems to be losing steam, but god damn nearly $8k.Bitcoin (surge) is China's response to tariffs.
Picked up some RIOT 5/17 $4.50 puts at EOD today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.