chip 🍪

$IREN RSI hit my target. I sold. $40k -> $440k 🫳🏼🫳🏼 Good enough for me. I am a humble man. I do not bitch. I set an entry and exit. Then execute without hesitation.

@Sumeet2692 Where did I say SaaS?

@chiptomunk By this logic all SaaS investments for the decade were unserious investments?

If your thesis for any AI cloud is headline ARR, you are a fundamentally unserious investor.

@niker8202 At the moment, I do not.

@chiptomunk Honestly I trimmed my $IREN position, but the risk/reward still looks solid. Do you think the catalysts can outweigh weak earnings and drive a big rally?

@givetheloveaway Thanks.

@chiptomunk If I find I will give

Need: Macbook Air. 64 GB RAM.

@archerswilliams Not. Yet.

@chiptomunk welcome back baby

Reassessing $IREN this weekend.

@ReeL_Spirit Can never have enough.

@chiptomunk I have the MacBook Air M5 with 32gb ram. Meets my needs. Think if I needed to run a local LLM, the. Definitely needs more ram

@ItsSJTrades Look forward.

@chiptomunk going drop a thread on miner to hpc pivot this weekend

@eddyluxe_ I like the weight of Air.

@chiptomunk I don't think the Air has that much available RAM. Even if it did, you might as well upgrade to the Pro.

@KennyZufall This is a popular opinion.

@chiptomunk 🤷‍♂️Longterm I think any price below $40 will be looked back on as a missed opportunity if people are investing/DCAing without margin. Current neoucloud sector is weak in general - the ones that turned green Friday were on the SSR list

Thesis still applies.

@Steinzory Would not be the craziest strategy.

@chiptomunk So you’re saying buy more memory stonks

@valerijatrades1 Yes.

@chiptomunk Like buying it?

@ReeL_Spirit Nice. GL!

@chiptomunk Bought some yesterday at $33. Expecting lower next week if sector selloff continues

@Lucelex Indeed. That’s why I am monitoring. No position.

@SpoonKidnapper Let’s observe.

@chiptomunk The only thing that could save it from dropping below $30 is the MSFT delivery on Monday.

@dylan_teeter Reassessing. Early data shows not.

@chiptomunk So ur waiting to buy? $33 is extra cheap

@eddyluxe_ @twils1211 @BitMasterK Monitoring. Waiting for liquidity to leave AI.

👀 @twils1211 @chiptomunk @BitMasterK

$MSTR 12/15/28 $250 calls had unusual activity this week. For months, this strike had only a couple hundred contracts in open interest. However, OI has suddenly more than doubled this week to 1,188 contracts ($3.5M). On top of that, 441 contracts ($1.3M) were traded today.

@itsCindyFeng Indeed.

@chiptomunk I think the following months will be changeling.

Zero indication of bottom.

@KennyZufall Well said. Pros and cons.

I prefer not to margin buy IREN's volatility unless I want to momentum trade it on obvious strength. Your math checks out, but this functions as a stock replacement strategy requiring much lower upfront capital. Plus, 2028 gives enough runway to accumulate the dry powder needed to actually exercise for shares, rather than just selling the contract for profit if desired

hmm $30 2028 leaps looking kind of attractive on $IREN. Breakeven under the Goldman Sachs nuetral and hold target of $50

@valerijatrades1 Could go there. Could not. Let’s see.

@chiptomunk Best of luck

All in $MU 2.618 $733.

@OInvests Always has been.

@chiptomunk Agree. Monthly operations expiration today. This is fake.

@OInvests Debating. Not necessarily.

@chiptomunk You think this is the best opportunity in the market currently?