The Market Still Thinks This Is a Bitcoin Miner. It Is Not.
PUBLISHER’S NOTE
This one happens today. And once it starts, that window is gone.
The reason it can’t wait: a little-known federal meeting just outside Washington is about to crack open a profit window that closes in roughly a month — and they’re walking through it in real time.
Here’s the part that should get your attention. Every company in the Magnificent 7 has quietly funneled a combined $30 billion-plus into a single technology breakthrough almost nobody is talking about. Not chips.
Not data centers. Not energy. Not rare earths.
Something else. And the smartest money on earth has been building positions in it for months while the rest of the market looks the wrong way.
JC, Ryan, and Bryan are naming the small group of stocks sitting in front of it — and handing out live trade recommendations on the spot. Free.
The room opens at 2 PM ET today. If you’re reading this, you still have time to claim a seat. But not much.
Reserve your free spot for the AI Dark Money Summit here
— Stephen Prior, Publisher
Wall Street has the wrong label on this one, and the gap is the opportunity.
Ask almost anyone what Riot Platforms is, ticker RIOT, and you get the same answer. A bitcoin miner. Volatile, tied to the price of crypto, the kind of name you trade with one hand on the exit.
That answer was right for years. It is now badly out of date, and the people still trading off it are the ones about to get left behind.
Here is what actually happened while everyone kept calling it a miner.
Riot spent years building something almost no one else has at scale: enormous, cheap, ready-to-run power in Texas, about 1.7 gigawatts of it.
That used to be the thing that powered the mining rigs. Now it is the single biggest bottleneck in the entire AI build-out, because the companies training these massive models cannot find enough power to plug into. Riot had it sitting right there.
So AMD came and signed a 10-year lease for that power and space. Then AMD doubled it. That is not a press release, that is a chip giant betting a decade of its AI roadmap on Riot’s infrastructure. An activist firm that took a big stake, Starboard, did the math and figures the data-center side alone could eventually be worth more than three times what the whole company is valued at today.
The market has not fully repriced that yet. The chart says it is starting to.
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Look at where RIOT trades.
After a powerful climb off its April lows, it closed at $28.69, pressed right up against its highs near $29.55. That is not a stock limping along. That is a stock the buyers have taken charge of, and they are doing it on the heaviest volume the chart has seen in months.
Now look at the moving averages, because this is the part that gets me to write a name up. The 8-day average is on top, the 21-day right under it, the 34-day under that, every one of them rising, with price living above the whole stack.
And it lines up that same way on the daily and the weekly chart at once.
That ordering matters more than it looks.
When the averages stack like that on two timeframes, the trader who bought last week, the one who bought last month, and the one who bought back in the spring are all green at the same time. There is no crowd of trapped buyers overhead waiting to dump shares the moment it ticks up. The path is clear.
Then there is the squeeze, and on RIOT it is on right now.
A squeeze is what happens when a stock that has been moving hard suddenly goes quiet. The daily range pinches in, the swings shrink, and the energy does not disappear, it just gets stored up with nowhere to go yet.
The chart even flags it outright, a row of red dots reading squeeze on, while the momentum behind it builds to the upside. And this one is coiling up near the highs, which is the strongest place for it to happen, not down in the gutter after a beating.
The timing is the last piece.
Riot reports earnings on July 29. So you have a stock the market still misjudges, already trending hard, stacked on two timeframes, and winding up tight, walking straight into the one event that tends to set these coils loose.
I will be straight with you about the other side. This is still a high-beta name, it still has a money-losing mining business attached to it, and earnings can knock a coiled stock down as fast as they launch it. Nothing here is a sure thing.
But a stock the crowd has mislabeled, trending on two timeframes, with a loaded squeeze and a catalyst on the calendar, is exactly the kind of chart I go hunting for.
Your Action Plan
I would not be surprised to see RIOT make a real move as its July earnings approach, and I will be stalking it for a swing if it confirms.
That is the patient side of how I trade. The other side moves a lot faster.
My Fast Cash system is built for quick, defined strikes, in and out in minutes rather than weeks, with the risk boxed in tight, and never once by betting on a stock that is falling.
The results have been the kind that make people do a double-take, and I have another Fast Cash trade lined up to go before Monday. If that faster pace is more your style, come see how I run Fast Cash here.
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