@xEBITDA @MomeaMaker i have strong thoughts on some other names u post about.
and once again, i wont be wrong
but am done trying to help
wont be warning u before the exact tops in bynd iren and others anymore
good luck on ur journey
English
DrucksBurner
225 posts
DrucksBurner
@DrucksBurner
Not druck. I shamelessly ask a lot of questions. Hyperbolic, sometimes wrong, but more often right. Don't take advice or listen to me. Don't follow me.
Parody account Katılım Kasım 2023
53 Takip Edilen117 Takipçiler
@xEBITDA @MomeaMaker btw after an immediate 35%+ drawdown, u may victory lap if it recovers 50%+ w/in a month (ie $108+ per share before Dec 20). 1.5x drawdown ratio. good rule of thumb
(hint - it wont do that)
English
@xEBITDA @MomeaMaker has gone down in a perfectly straight line since $71+
now in a 35%+ drawdown in under 2 wks. not a single bounce. apes need a 50%+ bounce from here just to get even
as i said - won't be wrong. this market is easy
x.com/DrucksBurner/s…
DrucksBurner@DrucksBurner
@xEBITDA @MomeaMaker 1) the price was $71+ in the overnight when i posted. so actually a 18% drawdown. check time stamp. again, ur cost basis does not matter. these are public mkts. u can buy and sell at any time. ur $600k purchase would incur minimmal slippage since this is a liquid meme
English
@xEBITDA @MomeaMaker all i care about it is my track record, and i'm quite pleased
was simply trying to help u, once again. won't be wrong
English
@trippingvols for posterity's sake
$WLD
perfect 2.20 top
slow grind to 0.7
crypto is a very very unserious industry. lots of gamblers and kids not cut out for the big leagues
English
@trippingvols Exceptionally crowded long too, I may add. Ppl havent given up yet
English
ORBS (formerly OCTO) disclosed this morning that they took $200M in credit on Sunday. I believe they’ve largely executed this and were responsible for much of the recent violent price action.
Premarket volumes are notably weak, and I expect ~$5–7M of ATM issuance per day. Given the new data and Worldcoin still trading close to the highs, I’ve fully exited my position and will reevaluate.
zlex@trippingvols
Worldcoin up 40% now in an explosive fashion. OCTO volumes trending down hard, 84% lower on day 2 & expect another 60% lower today. Think the cash buy is mostly priced now (WLD up ~100%) and ATM outlook has worsened, so I've reduced my position around these prices. On the other hand, the deal officially closed this morning and cash buying likely starts today. Still believe this trades higher in the coming weeks.
English
@Void_of_Hype @chainyoda how we doing?
went down in a straight line since
as perfect as a short as u could draw up. as good as luna
never once we u in the green from that entry u were pumping to the kids on here. pure drawdown
go do something productive away from crypto
GIF
English
@Void_of_Hype @chainyoda Lol
Good luck
My advice:
Don't gamble with more than you can afford to lose
Don't touch OPM
Seen this self-delusional time and time again, especially from "professional" investors
English
@xEBITDA @MomeaMaker Appreciate the offer and kind words. This is a parody account, and I do not solicit investors online
Hope you have a wonderful weekend
English
@DrucksBurner @MomeaMaker Largest single FoF investments I’ve made is $5M for emerging managers. So maybe too small for you. But I can make intros.
English
@xEBITDA @MomeaMaker 2) "not thinking in days" - that's even more concerning, bc time is not on ur side
done sharing. have a nice weekend
English
@xEBITDA @MomeaMaker 1) the price was $71+ in the overnight when i posted. so actually a 18% drawdown. check time stamp. again, ur cost basis does not matter. these are public mkts. u can buy and sell at any time. ur $600k purchase would incur minimmal slippage since this is a liquid meme
English
@xEBITDA @MomeaMaker ai buildout is obviously happening. that's a bad thing for this company, bc it operates at negative margins, & getting worse. similar to bynd, maybe worse
talk to around that understands this business. it's a joke. u can even start w industry optimists - chat w SemiAnalysis
English
@xEBITDA @MomeaMaker the stock is immediately down 11% (by way of a 17%+ drawdown) in less than 1 day since i gave u a heads up u were gambling on a hot potato
u should never marry a stock. ur goal is to make money, not do mental gymnastics about meme stonks that have already made u money
English
@xEBITDA @MomeaMaker Outside of sexy press releases
The only, and I mean only, thing going for this business is they are very good at selling shares, and have a fanbase (for now) that consistently buys from them
English
@xEBITDA @MomeaMaker (altho they make great slides, earnings calls, & appoint stock promoters to their board - all of which is smart in this manic environment)
O&G E&Ps are likely better businesses
BTC miners are likely better businesses
This will end very poorly for the common equity
English
@MomeaMaker @xEBITDA iren takes all the risk. needs to put up an obscene amount of money at what i should be *negative* margins
think mgmt knows this, but doesnt care bc they are keeping the nonsensical hopes and dreams of their retail shareholder base alive, while they collect huge SBC bonuses
English
@xEBITDA These fundamentally worthless things can be escalator up, elevator down
I wish you luck on your nimbleness
English
@DrucksBurner That said I will join you shorting it when the time comes
English
@xEBITDA there's so many easy ways to make money
if you made $8M
why gamble that on the world's worst business that will be down 90% in the near future
just like u dont need to make back ur $ the same way u lost it
in this case -- dont need to lose all ur money the same way u made it
English
@xEBITDA that's wonderful
but ur cost basis does not matter. every day is a new day
i did not comment abt it in the $8s.
im commenting about it today - w/ share price up 10x, FDSO up 3x+, mkt cap up 30x+, net debt up 100x, retained earnings far more negative, & business quality worse
English