stop loss

OH. MY. GOODNESS. CITADEL HAS BOUGHT A MAJORITY OF THE PUBLIC ASSETS FROM LEOPOLD'S SITUATIONAL AWARENESS FUND. So...Citadel scares everyone on Tuesday about a surprise rate hike during FOMC that WE ALL KNEW was not going to happen... On Wednesday, the entire market freaks out about the rate hike which causes the selling to compound on itself creating 50-70% drawdowns across the board in high beta semicondcutor names... Which means Leopold who we now know had $45B of assets and was 400% LEVERED ends up being the sacrifice as he gets liquidated at what theoretically could be the bottom due to not having the margin requirements to keep solvent... AND THE PERSON WHO CAUSED THE SELLOFF WITH THE RATE HIKE FEARS ENDS UP COMING IN TO BUY HIS ASSETS FOR 40 TO 50 CENTS ON THE DOLLAR. By the way, Leopold is getting married this weekend. I think he wanted to make sure he wasn't getting margin called during his wedding. A vet on wall street in Ken Griffin takes out the young new kid. ABSOLUTE. CINEMA.

Dear God 😱😨🫂

If Cathy Wood and Jim Cramer had a baby... 🤣

Did Situational Awareness actually blow up? Not quite... Let us explain. Many reports are stating that Leopold Aschenbrenner's hedge fund sold "his entire book" to Citadel. This isn't the entire story. While Situational was forced to sell much of its positions due to being 4x leveraged, Citadel reportedly purchased only the portion of the firm's public-stock portfolio that was financed with borrowed money. In other words, Situational Awareness deleveraged. The hedge fund still holds its positions funded with clients' capital, and still holds a massive position in Anthropic, expected to go public this year near a $1T valuation. (WSJ)

Did Citadel really just liquidate Situational Awareness… Then brought up entire markets the next day? $NBIS +26.25% $IREN +25.96% $SHAZ +22.82% $SNDK + 23.98% $BE +23.67% $SKHY +16.98% $INTC +12.16% Amid many others. This has gotta be one of the wildest liquidations I’ve seen.

July 28: Citadel positioned aggressively short after expectations that Kevin Warsh could surprise markets with a rate hike July 29: A sharp market selloff reportedly forced Leopold Aschenbrenner's fund, Situation Awareness, to liquidate major positions July 30: The Wall Street Journal reports that Citadel acquired most of Situation Awareness' assets. Many believe Citadel then used that portfolio to help cover its short positions, with many of those same holdings rallying 15% to 20% in a single day. Absolutely insane sequence of events

NOBODY is ever smarter or bigger than the Market. Never forget that. Risk management is above everything else. Public book cleaned out for Leopold.

BREAKING: 🇺🇸 US Q2 GDP came in at 1.5% Expectations: 2.1% The US economy's growth is slowing down.

Leopold going to make it all back in one trade and with just a little more leverage

Every new uptrend I don’t get involved until a week or so after the bottom. The only time I’ve actually caught the exact bottom I felt smart but it didn’t come close to making up for all the losses from all the failed attempts before it

There's a lot of stupid commentary around Leopold raising funds. After names like $BE, $SNDK, $SHAZ, and others all had very sharp drawdowns in July. Just remember... here's a man in finance that's 1. 6'5 2. Blue Eyes 3. Hedge Fund Probably better looking than you, and was up 439% through June YTD. Regarding the drawdown, Aschenbrenner acknowledged that the fund had "not been immune" to the market turmoil, particularly in Asia. FT separately reported that leverage amplified both its extraordinary gains and recent losses. He described the sell-off as potentially the best buying opportunity since early 2025 I'd agree with him and hope he succeeds with the raise. Since a lot of the current selloff looks like it overshot its mark through forced deleveraging.

So far it feels like oversold bounce however if this holds by Tuesday next week I will completely change my mind The reason $MU became a focus for me in April was the shakeout in the base. *If* (big IF) this move in semis holds next week, then the ones in the cleanest bases with the biggest lower wicks from this action become top priority.