@crazysean_ @kerdoscapital Not storytelling just different business model to NBIS that will out perform within 1 year just maxing out the terms of a hyperscaler deal...not rushing into signing which long term will get better terms IMO
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Paul Collier
480 posts
@kerdoscapital For iren which still relies on storytelling, when broader market has correction, it will drop much harder
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Why was $IREN down over 9% today?
Well it wasn’t just IREN:
$SPY ended the day -1.2%
$QQQ ended the day -1.51%
This was mainly the result of two things
1. The market didn’t like that no material news came out of the U.S. / China trade talks. Trumps vague post didn’t cut it.
2. Bond yields surged higher. The 30Y is now well over 5%. Why take the risk of investing in stocks at seemingly sky high valuations when you can get a risk free 5%? Growth stocks like $IREN got hit the hardest because of the fact they’re priced based on discounted future earnings. When yields rise that discount rises which makes future earnings worth less in today’s dollars. Growth stocks which have most of their value in earnings years down the road get hit the hardest when yields rise.
Another factor was that today was monthly OpEx. Essentially this means that there’s large amounts of open interest expiring which leads to exaggerated price movements as market makers seek to hedge/unhedge their positions. Monthly OpEx in particular over weekly OpEx leads to higher volatility as Market Makers seek to pin stocks to the highest level of open interest (which is referred to as max pain).
Max pain for IREN today was $52 (the stock closed at $52.94) Market Makers took advantage of the overall market correction and took IREN down as close to max pain as possible. Personally I’m not really reading too much into this correction. Monday will really tell the story as to whether this an over exaggerated macro draw down or the start of a deeper correction. Personally I believe we’ll see a strong green day on Monday and a move back toward the $56-60 level.
Have a great weekend all!
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@kerdoscapital Defo the cartel took advantage of market being red and smacked the price down to max pain...normal cartel behaviour still Bullish and back towards $60 Monday....hyperscaler deal soon ⏰️🍿🚀🚀🚀
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@1xStrateg1x Spot on just a hold amd patience game $100 incoming ⏰️🍿🚀🚀🚀
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Not worried about $IREN short term price action, recovery 60$+ will be fast 👌 Deal will set 100$+
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@BMSInvests @YoYInvestor Yep and Jane Street took the piss today with that market pump and dump from 12.1 back to 10.5 at close...defo them involved were manipulating bitcoin for years before they got found out...corruption at its finest 😎
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🚨 INSTITUTIONAL AND INSIDER OWNERSHIP OF $ONDS NOW SITS AT ~306,407,716 SHARES, OR ~65.32% OF THE FLOAT‼️🐂
13F’s: 218,503,135
13G/13D’s: 51,870,635
Insiders: 17,033,946
Jan 12 Offering: 19,000,000*
______________________________________
Total = 306,407,716 (65.32%)
Even when factoring in dilution, this is a massive increase of 24.60% from Q425🤯
*Assumes the sole institutional investor/firm who bought has not sold a single share (as they do not have to file.)
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@valerijatrades1 For the record I am also All IN again as this stock is ready to explode....40k worth of shares
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@valerijatrades1 Yep I loaded the boat today after Wall Street predicatbly offered us a gift at $54...ahead of the invevitable $100 stock price incoming ⏰️🍿🚀🚀🚀
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@AdityaInvests90 No wrong IREN is just early in it's long term plan playing out.... and will out perform NBIS massively 1 year from now 😎
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@OInvests Yes EOY mate....70-80 first then a retest before push to $100...just patience is all that is required 😉
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$IREN : They want $52 but looks like demand is holding on.
I’m expecting a green Monday unless something catastrophic kicks off over the weekend.
Oli@OInvests
$IREN options expiry today. Let’s talk max pain. Max pain is the price where most of the options expire worthless - minimising the payout for market makers. Today’s max pain: $52. Current price: $56.57. Market makers want to drag it back to $52 by close. Buying pressure is holding it $4.57 above for now. Two scenarios: Close above $52 ✅ - call options expire in the money. Potential gamma squeeze Monday. Worth noting - the “expiry hangover.” Traders assigned shares on Friday often sell immediately Monday morning to lock in profits. That wave of selling can cause a brief dip before any upward momentum resumes. Close below $52 ❌ - sharp afternoon flush. Calls expire worthless. Monday likely opens weak toward $48-50 support. Watch the final hour closely. 👀 NFA
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@StockTrader_Max Cheap shares right now at $53 load the boat or regret it within the next 2 weeks ⏰️🍿🚀🚀🚀
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There is likely a 30-50% chance that $IREN announce a new Hyperscaler deal within the next 1-3 Months.
Shares do not currently have this priced in.
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@StockTrader_Max Completely agree Wall Street flushing AS PER USUAL....once you understand the cartel you just load the boat like I did at $54 today...thanks for the cheap shares $100 EOY ⏰️🍿🚀🚀🚀
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$IREN Simply recharging its batteries before the next leg up 📈
Its a simple way how Wall Street washes out all of the lettuce hands🤦🏼♂️
Next target is $70, $80 and the +$100 🎯
StockTrader_Max@StockTrader_Max
$IREN When looking at the short term there is still a possibility that we could see $51 a share.. 🎯 We could still be in this ABC formation which see's $IREN fall down to $51 a share at the 0.618FIB This is perfectly healthy and simply considered as consolidation 🤝🏼
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@LeaderInvests Massively bullish with that candle what stock ?
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$IREN confirmed the breakout and is reversing. No need to be bearish here.
Turning previous resistance into support...
Know the levels and act accordingly.
🔷🔷🔷
Mind Investor@mind1nvestor
$IREN Don't confuse a red number on the screen with weakness. This has 150% easily in the tank once the pullback is complete. But most of you won't buy it because it doesn't feel good right now... that's the point. Comfort and conviction never show up at the same time. Doubt it now, chase it later.
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@LeaderInvests Loaded the boat at $54 today this is a $100 stock with 1 hyperscaler deal that is incoming soon ⏰️🍿🚀🚀🚀
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$IREN
Don't confuse a red number on the screen with weakness.
This has 150% easily in the tank once the pullback is complete.
But most of you won't buy it because it doesn't feel good right now... that's the point.
Comfort and conviction never show up at the same time.
Doubt it now, chase it later.
Mind Investor@mind1nvestor
$IREN My favorite data center setup right now! Breaking out of a descending wedge, with a weekly MACD golden cross approaching. The last time this occurred, price moved over 800% in just 160 days. Those who want to be positioned at the right time know where to find us.
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@NighthawkTradez ATM has been closed this will run now no downward pressure at all 🍿🚀🚀🚀🤑🤑🤑
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@blahblah4155 @Dehix_Trades Institutions had been buying discreetly for months through darkpool just needed a catalyst to create price movement upwards....short squeeze nearly broke through 11.7 today...tomoz could be interesting 🍿🤑🤑🤑
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@Dehix_Trades Or we will enjoy buying it around 5-6 bucks. If you have been in ONDS for any amount of time you should know the single largest investor will stomp and run it has.
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$IREN closes $3 billion convertible notes offering.
The deal terms:
> IREN pays just 1% interest per year (super cheap loan).
> The loan must be paid back by 2033.
> Investors can swap their IOU for IREN stock, but only if the stock price climbs about 32.5% above today's price.
> The "capped call": IREN spent $201 million on a side deal to protect existing shareholders. Normally, when IOUs convert to stock, it creates more shares and waters down everyone else's ownership. This side deal cushions that effect up to a stock price of $110.30.
Bottom line - IREN raised a huge pile of cheap cash to grow their business, using a clever structure that delays dilution and bets on their stock going up.
I believe a deal is imminent. 🧐
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@OInvests Price action will be insane now ATM closed and deal incoming as well soon ⏰️🍿🚀🤑
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$IREN {Update}: Final terms confirmed. $3.0B raised.
$2.6B base + $400M greenshoe fully exercised on day one.
Net proceeds: ~$2.96B
Coupon: 1.00%
Conversion premium: 32.5%
Cap price: $110.30 - 100% premium
Capped call cost: $201.3M
The greenshoe is worth explaining:
Banks were given an option to buy an extra $400M if investor demand was strong enough. They had 13 days to decide.
They took the full $400M on day one.
That’s institutional demand. Not a routine capital raise.
Backed by JP Morgan, Goldman Sachs, Citi, Jefferies and more.
NFA
Oli@OInvests
$IREN : Final terms confirmed. Size: $2.6B. Up to $3B with extension option - upsized from $2B due to institutional demand. Conversion premium: 32.5% - conversion price ~$73.07 Annual coupon: 1% Cap price: $110.30 - zero new shares issued below this level Maturity: December 2033 Raising $2.6B at 1% coupon with a 32.5% conversion premium is exceptional terms for a company at IREN’s growth stage. Below $110.30 - capped calls cover it entirely. No dilution. The finance team delivered. NFA
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$IREN my gut tells me a major deal announcement is coming in days/weeks
YOU ARE NOT BULLISH ENOUGH!
Small Cap Snipa@SmallCapSnipa
NEW: $IREN CLOSES $3.0 BILLION CONVERTIBLE NOTES OFFERING
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