Wednesday, April 12, 2023

4/12-COIN, RIOT, MARA, GFAI

 



Bitcoin has been straight up since the beginning of the year and these 3 bitcoin sympathy stocks have gone parabolic last 2 days so I am thinking shorts been squeeze and they may sell into the move. it's interesting to see COIN is the weakest of all and RIOT has the relative strength so I downsized it and when I see it's about to test green-to-red line I added shares back. Market has data earlier and the reaction isn't well and currently it's gone from HOD to red that may help the selloff perhaps. 

GFAI- Feb's action allure tons of shorts in and they are waiting for going down but it holds this time and they all got screwed. tomorrow if locate is accessible it would be easy short into pops play. 

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