I woke up this morning to this news.
The revelation of an SEC investigation into the nefarious practices of a company dubbed RIOT, which I happen to own as of yesterday.
“SEC Chairman Jay Clayton warned that it is not acceptable for companies without a meaningful track record in the sector to dabble in blockchain technology, change their name and immediately offer investors securities without providing adequate disclosures about the risks involved, As a result, we could be subject to substantial SEC scrutiny that could require devotion of significant management and other resources and potentially have an adverse impact on the trading of our stock.”
I sold the fucker in the pre-market, down 4%. Absolutely fucked by the SEC, absolutely. I can’t catch a break with these shitcoin companies. All I want to do is trade them a little — 100% here, 75% there. I haven’t any interest in their actual businesses, which is why I suppose these occasional losses are well deserved and earned. It’s nearly impossible to nail these volatile stocks all the time — there will be blood.
Speaking of which, oil is up nearly 2% and gold/silver are also running. This, of course, will fuck my Russian short, but provide succor for the NUGT. By the way things are angling out in the pre-market, I’ll be lucky to break even should the market gap higher by 500.
Midway into April, I am sick and tired of 30 degree weather here in the north east. I know you southerners think you’re blessed with hot air — but it makes the people stupid and the insects belligerent. The cold air makes the people smart — forces them to think about their crops and how they might survive over the harshest months of the year. For example, the local farmers market here is closed on Wednesday, and during off-peak season, they close at 5pm. There are times, sadly, when I am forced into the dissolved premises of the Princeton Whole Foods in order to purchase produce with the rest of the empty vessels. But I just about had my fill with freezing temperatures and would kindly like to make a very public appeal to the Gods for warmer climes. Thank you very much. (<—- things an asshole would say after a sentence like that)
There’s a bunch of other shit taking place in the pre-market, but I don’t feel like telling you about it, quite frankly.If you enjoy the content at iBankCoin, please follow us on Twitter