jdharward

RIOT - So fucked

Short
jdharward Aggiornato   
NASDAQ:RIOT   Riot Platforms, Inc.
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
Commento:
Actually, see you at $1.20
Commento:
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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