Latest news with #Kaleo
Yahoo
3 days ago
- Business
- Yahoo
Analyst who nailed GameStop's rally is betting 10x on Riot Platforms
Analyst who nailed GameStop's rally is betting 10x on Riot Platforms originally appeared on TheStreet. A pseudonymous crypto analyst Kaleo, who refers to his trade moves as a 'degen' investor is making a bullish bet on Riot Platforms (RIOT), a big US Bitcoin miner, in a high-stakes options trade. On May 28, the trader made a succession of posts that are now going viral. In the post the trader showed off a self-proclaimed "degen experiment," wherein tens of thousands of dollars are funneled into out-of-the-money (OTM) call options — high-risk wagers that Riot's stock will surge to well above current levels. The core idea? With Bitcoin running and the potential to smash new all-time highs, stocks like Riot may have explosive upside to go with it. "If it does, it moves fast," wrote the trader, referring to previous cycles where Riot surged after Bitcoin entered "price discovery" — trading above its all-time highs. As of June 9, Riot is trading just above $9.70, and this trader is buying calls with strike prices of $25, $30 and even $35, some of these calls will not expire until January 2026. They only make money if Riot's stock price doubles or more in the next several months. Risky trade, yet this strategy is catching on. The trader is willing to commit to a total of $75,000 and is adding positions on a daily basis while the stock is under $10. 'This could go to zero,' they admitted, 'but if it plays out, it could be a 10x.' They are using examples from the GameStop betting spree of 2021, although they believe Riot is more legitimate because it operates as a real business entity with real fundamentals. Unlike meme stocks, Riot is in the growing Bitcoin mining industry and is correlated to BTC price action, believes the trader. In early 2021, GameStop (GME) — a then struggling video game retail company— gained notoriety as the subject of viral movement on Reddit's r/WallStreetBets community. Retail traders began purchasing shares and options on GME to squeeze significant hedge funds that were betting the stock would lose value (a type of trading called short-selling). As trader buying pressure increased, GameStop's stock price surged from less than $20 to nearly $500 within a week-or-so. It created what is known as a 'short squeeze," a situation where short-sellers must buy back stock at a much higher price driving the price even higher. It also turned ordinary traders into overnight millionaires, and some hedge funds ended up going bankrupt. With Bitcoin sitting at $107,847.26, some retail traders have the motto of win big or go bust trying. Disclaimer: This article is for informational purposes only and does not constitute financial advice, investment recommendations, or an endorsement of any trading strategy. Always conduct your own research and consult a licensed financial advisor before making investment decisions. Analyst who nailed GameStop's rally is betting 10x on Riot Platforms first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
04-05-2025
- Sport
- News.com.au
Brad Waters' horses to follow and forgive from Caulfield
Herald Sun racing writer Brad Waters runs his eye over Saturday's meeting at Caulfield, finding five horses to follow and forgive from the card. â– â– â– â– â– FIVE TO FOLLOW: KALEO: Kaleo did so much wrong at the start but showed his quality with his emphatic win in the first race at Caulfield. He ended up at the back of the field after a moderate getaway but showed a neat turn of foot to work around the field on the home turn. He shot clear early in the straight and scored comfortably. He's a colt with a bright future. ATLANTIC SPIRIT: Atlantic Spirit drew the outside and went back to the rear to get early cover before improving on the inside from the 500m. However, the Tom Conlan-trained mare was held up on the inside behind the leader nearly all the way down the straight. She was only beaten 1-½ lengths and will have more luck soon. Rogan dives late under @pattymoloney & grabs the brave Stylish Secret right on the line 😯 — (@Racing) May 3, 2025 JUST FOR SHOW: The Lindsay Park-trained three-year-old made a good return at Caulfield on Saturday. He showed good speed to race behind the leaders before improving rounding the home turn. Just For Show hit the front in the straight but was no match late with a combination of his lack of race fitness and giving away 4kg being his downfall. DUBLIN JOURNAL: Dublin Journal improved rapidly when a touch unlucky at Caulfield second-up. He ran fairly over 1400m first-up at Caulfield first-up and was much fitter for his second-up assignment. He followed the winner Immediacy into the race but was held up a touch in the straight. He'll be fitter and he's ready to win. MOLLYNICKERS: The Peter Moody and Katherine Coleman-trained mare can be hard to catch but her Caulfield run was promising. Mollynickers raced three wide with cover to the home turn and let down well to hit the lead at the 200m. The four-year-old tried hard late but was only grabbed late while giving away weight. She could notch a win soon. Sunshineinmypocket stalked Mollynickers around the bend & just nabs her in the final event at Caulfield ☀ï¸� @cmaherracing ends the day with four winners at Caulfield, while @Ethan_Brown8 finishes with a hat-trick ðŸ'� — (@Racing) May 3, 2025 â– â– â– â– â– PRESTIGE OLE: Questionable whether he threatens the winner Kaleo with a better run, but Prestige Ole should have finished closer. He was held up and found himself last in the small field on the home turn. He chased honestly when clear at the 300m, but the race was over. UNITED NATIONS: He's had a few chances in Australia, but he had genuine excuses on Saturday. He went back from the wide gate and improved steadily from the 600m to the home but was held up all the way down the straight. It was his first run for 10 weeks so he will be fitter. OXFORD BLUE: Beaten favourite but far from disgraced over 2000m. Despite drawing barrier seven, Oxford Blue had no luck early and was forced to work forward three and four wide until he got up near the lead at the 1400m. The early work told late but Oxford Blue fought on well for fourth. Immediacy ($1.60) got clear air on the bend & the @busuttin -trained galloper makes it two wins on the trot ðŸ'° @blake_shinn grabs a race-to-race double ðŸ'° — (@Racing) May 3, 2025 STEWARDS SAY: SYMPHONY OF COLOUR (Unplaced Race 3) – A post-race endoscopy detected a degree of internal Exercise-Induced Pulmonary Hemorrhage (EIPH).
News.com.au
03-05-2025
- Sport
- News.com.au
Kaleo's bad barrier habits not enough to stop colt winning at Caulfield
Blowing the start usually means the end of a horse's chances but Kaleo made light of his mistake to stamp himself as a spring hopeful at Caulfield. Kaleo was slow away when fourth on debut at Mornington on April 19 and made the same error in Saturday's Remembering Margaret McDonald (1400m). The Ciaron Maher -trained two-year-old was slow to muster speed, leaving him struggling to stay in touch with the leaders until the place slackened in the $150,000 contest. The slowdown allowed Kaleo to tack on to the bunch but the son of Churchill improved quickly once jockey Ethan Brown asked him to quicken approaching the home turn. Kaleo easily held the $2.70 favourite Prestige Ole in the straight to score by 1¾ lengths. Brown said Kaleo's barrier habits needed to improve but the colt had plenty of talent. 'He got away with it today in a small field,' Brown said. 'We need to get on top of that because he is a nice horse and I can see him in better races. 'He's going to be a lovely three-year-old. 'What I liked was when I asked for him, he was right there for me so it's a good sign going forward.' Kaleo takes the first at Caulfield! @Brown_ethan8 @cmaherracing â€' 7HorseRacing ðŸ�Ž (@7horseracing) May 3, 2025 Maher's assistant trainer Jack Turnbull said Kaleo still had significant physical improvement remaining. He said the top trainer would decide whether Kaleo had another run as a two-year-old or went out for a spell to develop further ahead of a spring three-year-old campaign. He's still pretty doughy, as you can see, but his pre-race manners are excellent and he's got the makings of a nice colt that should get out over further,' Turnbull said. 'You'd love to be thinking about spring with him.' The Trent Busuttin and Natalie Young-trained Kakkoii led to the home turn before boxing on for a sound third on debut. â– â– â– â– â– City win well-timed for stable There's no better advertisement for trainers than a Saturday win in town, especially on the eve of the stable's open day. Cranbourne trainers Lloyd Kennewell and Lucy Yeomans will open their stable to guests on the morning after Landmark broke through to win the Henley Homes Handicap (1100m) at Caulfield. Landmark had not won since breaking his maiden last June but bounced back from an unplaced effort at Bendigo last month to post his second win from nine starts. The son of Nicconi ran a solid third when resuming at Sandown in March but Yeomans said Landmark had not enjoyed the best of luck in his two autumn outings. "YELLOW AND BLACK!" ðŸ�¯ Landmark drenched in the famous Richmond colours takes the third at Caulfield! @JyeMcNeil @LucyJYeomans â€' 7HorseRacing ðŸ�Ž (@7horseracing) May 3, 2025 'I think he's really not had much luck this prep. He's been running very well,' Yeomans said. 'Last prep he was possibly not fully genuine but this prep, he's been really attacking the line. 'We did think if he got clear air, he'd be hitting the line strongly. 'It was really good to see him hit the line the way he did.' Yeomans said Landmark rewarded Kennewell's faith in the talented sprinter but her training partner was busy preparing their stable for Sunday's function. 'Lloyd's always loved this horse and he'd be devastated he's not here today,' Yeomans said. 'He's getting ready for our open day tomorrow and was 'gurneying' the stable as I left.' Jye McNeil drove Landmark past the game runner-up Just For Show in the last 100m, making the most of a 4kg weight advantage. Yeomans said the stable would continue to run Landmark in similar races during the coming weeks.
Yahoo
12-02-2025
- Business
- Yahoo
Dave Portnoy Holds Millions In Bitcoin And XRP, But Here's Why He Concluded His Heart Is 'Too Big For This Space'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Barstool Sports founder Dave Portnoy is doubling down on his commitment to the meme coin Stool Prisondente (CRYPTO: JAILSTOOL), even as traders question its future. What Happened: Portnoy, who initially invested hundreds of thousands of dollars in the token, insists he remains committed, despite the coin's struggles. In an X post Monday evening, he emphasized his dedication, saying, 'The fact I'm still putting my own money into #Jailstool cause I don't want people losing money shows that my heart is too big for this stupid space. I need a blacker heart. Rise #Jailstool rise.' His statement comes after scrutiny from crypto traders, some of whom argue that Jailstool's decline has hurt retail investors. Don't Miss: Coinbase's latest promo gets you up to $200 in crypto (Seriously!) — Here's everything you need to know to take advantage of this offer. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. However, Portnoy maintains he's stayed true to his word, refusing to take early profits and continuing to support the project. "I put 100's of thousands of my own money into #Jailstool and promised up to 1 million more as it grew," Portnoy wrote in another post. "I coulda cashed out for 6 million. I didn't. But I'm not just gonna promote forever for free while sharks eat Minos. I've done exactly what I promised to do like I always do. 100% transparent." The price of Jailstool crashed around 82% on Monday evening European time to 2 cents, after making a high of 21 cents a day earlier, according to CoinGecko data. Trending: If there was a new fund backed by Jeff Bezos offering a ? Why It Matters: Portnoy's approach has divided the crypto community. Some traders see his investment as a genuine attempt to back the community, while others remain skeptical about his long-term credibility in the space. Crypto analyst Stats said that Jailstool has nearly returned to its pre-promotion price, raising concerns about the effectiveness of Portnoy's marketing. "His marketing plays didn't work out. People lost real money (which is 100% their own fault). But I think his credibility in this space is pretty ruined," he wrote. Others, like Kaleo, speculated that Portnoy might keep investing in Jailstool to try and stabilize its price. "With how much he's talked about 'not even thinking of selling this until it hits >$500M,' feels like there's a solid chance he lets his pride get the best of him," Kaleo tweeted, predicting that if Portnoy loses money, he'll turn against meme coins altogether. Despite the backlash, Portnoy remains a major investor in Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), recently revealing that he holds $1.5 million in Bitcoin and $1.3 million in XRP. His Bitcoin investment followed a conversation with Strategy Inc. (NASDAQ:MSTR) chairman Michael Saylor, who convinced him of Bitcoin's long-term value. During their interview, Saylor explained Bitcoin through sports analogies, saying, "Satoshi created a game that is rigged in favor of the individual... Bitcoin is that game." Portnoy, once a skeptic, has since embraced Bitcoin, stating, "I'm gonna bet it and set it, not trading." However, his latest Jailstool debacle has reignited doubts about his role in crypto, with many traders now questioning whether he should be taken seriously in the space. Read Next: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share! Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. This article Dave Portnoy Holds Millions In Bitcoin And XRP, But Here's Why He Concluded His Heart Is 'Too Big For This Space' originally appeared on Sign in to access your portfolio
