ZK
1.3K posts


The S&P is 45% AI and 4% energy.
The market is massively long the output.
Massively short the input.
AI runs on power.
Every dollar flowing into Nvidia eventually flows into a gas turbine, a transformer, or a transmission line.
The market has built a portfolio that ignores its own supply chain.
I wrote about it, in my latest article, link in replies 👇

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Most got banned from Schwab, a few survived.
I’m split across a few different no comm brokers.
I average 200 trades a day, in the past would average 800+. My scalps rely much less on price improvement. Most of my gains come from a handful of good scalps (today: ARTL opening range, ONCO pm long into opening rip)
It’s still a viable strategy but certainly not the “free money” environment of 2020-2024.
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Very interesting situation at $ONON (On Running)... last year they had co-CEOs... Martin Hoffman and co-founder Marc Maurer.
Marc stepped down in June 2025.
Martin stepped down today.
Now the other co-founders David Allemann and Caspar Coppetti will take over as co-CEOs. Together they own approx $200M of stock so they definitely have some skin in the game.
$ONON has grown revenues by 5x over the past 5 years while opening up 70+ retail locations in major cities around the world. Over next few years they'll continue to focus on the Asian markets, opening up dozens of stores in China.
$ONON is expected to grow revenues at a 20-25% CAGR through 2030 with minimal margin expansion depending on the revenue / product mix.
Last year $ONON grew revenues at 35.6% with 40% growth in DTC and 32% growth in wholesale. The biggest opportunity remains Asia which grew 106% versus 23% for the Americas and 34% for EMEA.
Right now $ONON is trading at 14x NTM ebitda which seems very reasonable and the chart shows strong support in the $37 range for several reasons:
1) VWAP from IPO
2) 200w EMA
3) trendline from Dec 2022 lows
NFA.
DYOR.
**We have a small $ONON position at @FirstWaveFund and might add today because we believe $ONON is still in the middle innings of building a global fitness brand.

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UPDATE‼️Nasdaq now down 7.77% on Friday the 13th
Jeremy Lefebvre@HolySmokas
Nasdaq now down 7.66% from ATH I bought several stocks today 🫶🏼 What stocks did you buy this week?!
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@FluentInQuality If you entered friday, you will outperform spy big time next 3 years
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