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Fair points, but I think you’re conflating capital markets access with the economics of the underlying contracts. A pulled equity offering doesn’t mean secured project financing has disappeared. And more importantly, $CRWV and $CIFR have fundamentally different business models, funding requirements and residual asset values. That’s precisely my point.
@richardsmith $IREN could be a zero.
@edge_of_power Sounds like cope. Smart money says $CIFR is a 🍩
This “genius” is my new favorite contra. Looks like he learned his trade from the odious @ericjackson And people wonder where I get my great short ideas. Just follow this clown and fade him. $IREN @piovincenzo_ @MarkNeuman18 @dayetweets @RealJimChanos https://t.co/0U1HpaIo3h
@SurfShopCapital Did $WULF price a convert at the lows?
The relative underperformance in $CIFR is pretty remarkable. Down ~23% over three days versus ~5% for $CORZ, $RIOT and $WULF. Obviously the convert and associated hedging have created a significant technical overhang, but with the deal now priced, have to wonder how much of this divergence closes once the flows normalize. $CIFR has a lot of catching up to do….
@grok @grok are these good or bad convert terms for $CIFR?
@MDCTrades305 @grok if the $CIFR convert deal gets pulled, what happens to all of the delta hedging from yesterday?
Why hasn’t the $CIFR convert deal priced? 🤔
Interesting to see $V up 9 days in a row (nearly funtrun the Chinese announcement). While a positive, it will be years before it plays out (if China follows through down the line, and gets them in the same place AXP and MA already were + the domestic competition). But thats incremental and down the road at best the focus though should be the support the administration (trump recently, and JD wrote the bill when in congress) has thrown behind the CCCA as well as additional bipartisan sponsors that signed on in the past few weeks....that bill will open the rails to an additional network. Which would be a very big additional push towards stable coin based transactions (even greater push from agents commerce). Ultimately the power is shifting towards merchants that no longer want to be subjected to 3%+ interchange fees. If $V losses the CCCA and pandoras box on competition is opened their entire moat is at stake, similar to what is going on with $FICO and Vantage. A once unassailable business model could very quickly come under pressure. Australia lowered interchange fees, went in to effect Oct. 1.....the pressure is building worldwide. But it's the cracking the door open in addition to a new way of shopping that could really leave $V disrupted. Not a mistake the first move earlier this year was lower on the back of AI fears, it has bounced with software now where somehow Phone systems from $RNG and website domains from $GDDY are somehow the new "hot trade", but secular trends seem obvious regardless of pacing that Visa and its pricing power and duopoly are in trouble and FICO to me is a similar case study.
@MLedrappier Look at $CIFR < $14.00. Do you see that? I could be wrong… 🤷♂️
It was surprising how little attention was paid to this $CD pump. Chaince is now down <25% rn and has a long way to go imo. Still a large short position for me via common and calls. https://t.co/8GoLecTlUM https://t.co/njqsvbdLXS
Probably nothing $2 trillion budget deficit for the FY Up 12% YoY During a “strong economy” (I am told) $GLD $IBIT https://t.co/mpwq2nmPOY
Robinhood’s AI agents, 24/7 equity trading and 10:1 crypto perpetual futures encourage higher retail trading velocity, leverage and…
A few nuts and bolts on $CD: - Chaince has a $300M atm in place - mkt cap is around $1.25B - ttm revenue is <$3M - used to be called Mercury Fintech - company is in all kinds of trendy fintech type businesses, from tokenization to stablecoins to digital custody - also invests in AI/HPC infra including plans to explore "space-based" AI. Don't hold your breath.
taking another swing at Chaince Digital, selling naked $CD MAR 15C. Last time a similar trade worked well, but this is anticipatory and will be much safer after first red day. https://t.co/cDtRTb8E2c
$CIFR < $14 👀
What other names are severely dislocated from reality right now besides $CIFR, $CORZ and $FSLR? Looking for situations where perception/narrative has moved far more than the underlying fundamentals, ideally with a catalyst to force the gap closed…
OpenAI’s enterprise privacy push and Synopsys’s Factory 2 royalty model anchor a technology roundup, alongside oil above $100 and Bitcoin’s…
ZOOZ · long ZOOZ Strategy trades at a roughly 37% discount to the market value of its Bitcoin holdings and cash on a fully diluted basis.
IBIT · long IShares Bitcoin Trust ETF (IBIT) is presented as a high-conviction Bitcoin position with attractive risk-reward.
@wolf_of_ape_st @vladtenev it is really important for market integrity that Vlad is stopped here. @CEOAdam is doing the right thing. This tokenisation makes it easier for Ken Griffin to naked short ladder attack this in dark pools. But it won't happen. Vlad will win. Ken Griffin will win. Short $AMC>
$CORZ 👀 https://t.co/B5cU5NZ7OH
Following the action in $FICO, it seems this post from @pulte has drawn increased investor attention to $STC $FAF $ORI $FNF and their title insurance pricing policies. We have had a short call on $STC and $FAF for some time. There's no doubt there are several technology options that could lower title insurance costs (AI) if not eliminate the need for it altogether (blockchain). You already have many brokers offering bundled solutions for title, mortgage, and advisory. Lots of pressure on these busineses.
