jables77

Investor and trader. No quitting for anything.

$IREN is the Queen.
$DOG is the way.

None of my posts are financial advice.

[jables77 @Jables771]

I’m pleased to announce that I have acquired Psychokitty#2522. For those unaware, it is the only PK in the collection with a mural painted of it on a building in Florida by artists @Ugonzo_art and @ElRealGenius

Collection on @cryptocomnft

#CRO #psychokitties #History

[jables77 @Jables771]

@BitcoinAIGuy $IREN will continue to excel.

[jables77 @Jables771]

$BE would be a logical choice as it’s positioned in a perfect spot of being able to help any company needing more power (which is a lot) and not having to wait years on connection agreements. BE can get them up and running much quicker. Trump already owns it in his last disclosure as well.

[jables77 @Jables771]

Plenty of painful reminders of selling too soon on various stocks. I bought $PLTR as low as the 6 dollar range. Sold most around 20-30 range. I had $QBTS as low as .42 cents and ultimately had a large position averaging up later on to .88 cents and ending up selling around 5.25 with covered calls and premium factored in. $IREN off and on and as low as 4 dollar range. $CIFR in 2 dollar range. $WULF around 1 dollar. And plenty of others where just holding for longer would have paid significantly more. They have all helped to grow my account, but could have been much higher.

[jables77 @Jables771]

@Jake__Wujastyk ELON

[jables77 @Jables771]

@clintoptions SPY

[jables77 @Jables771]

@vstarbanks Solid work.

[jables77 @Jables771]

Very well written as always. There’s a lot of fear and uncertainty around the market, but taking a moment to puts things into perspective and go over a thesis again, despite difficult price action, is a solid choice and reminder of why each of us chose to invest in the first place.

[jables77 @Jables771]

@BitcoinAIGuy Where’s Waldo?

[jables77 @Jables771]

@colin_gladman 81

[jables77 @Jables771]

Still holding that rope.

In truth though, over half my $IREN shares are in long term capital gains. By April 1, almost all go into long term capital gains. It’ll just be 500 shares to go for long term after that. 200 of which go long term by April 10, then the last 300 in May. So when I finally do sell rather than constantly trade them like in the past, it’ll at least be taxed favorably. Plenty of calls and cash secured puts opens as well.

[jables77 @Jables771]

@colin_gladman 77

[jables77 @Jables771]

@Agrippa_Inv Well stated. Once ERCOT can prove to the world that $IREN is a part of Batch Zero, it’ll really help separate the haves from the have nots and show the true strength of IREN being early to the game.

[jables77 @Jables771]

Speculation on $IREN and why and when a major deal could be released.

A personal theory of mine on why a major deal hasn’t been announced for Sweetwater yet is based on several reasons.

Firstly, Ercot has yet to release their Batch Zero list. It seems more than likely Sweetwater will be included in it based off signed agreements being in place, but as it stands now, it’s probably like a 99% chance, and not 100% . For the reason, it’s hard to sign a deal, especially one that will likely involve many billions of dollars when something is 99% and not 100%. Dan and Will likely don’t want to sign a deal either if they have to put a provision in the deal saying on the very small chance that Ercot doesn’t include it in Batch Zero, that the deal could possibly have to be altered, delayed or cancelled. They like to operate on absolutes and don’t promise anything they can’t guarantee they’ll do. Ercot has stated the Batch Zero list will be done by June or earlier, so it could be anytime from now until June.

Secondly, energization of the Sweetwater site is also another key milestone that could be another key part while a deal hasn’t been signed yet. It appears the site is on track to be energize on time still, but it’s another thing that could possibly affect timelines on a deal if some reason it wasn’t done on time. I personally believe they’ll hit the goal on time, but when signing massive deals, the more that is already in place, the easier it is to negotiate and get terms you want.

Thirdly, having GPU’s is a necessity to be able to fulfill terms of a deal and to generate revenue. Management may be waiting on guarantees from suppliers such as Dell who they are working with on securing GPU’s. They likely want to have a clear outline on when GPU’s would be delivered to Sweetwater to know timelines on when the site would be ready to go and fulfill their end of any deal(s).

As I mentioned above, this is all purely speculation on my end, but it is based on logical facts. Dan and Will do everything that they say they will do, so by having more of these pieces in place, it makes outlining a deal much more clearer when they have these 3 different pieces in place. So we know that Ercot can announce Batch Zero between now and June. Sweetwater is expected to be energized in Q2 of this year, with April seeming the most likely, but May and June would also still be Q2. And then GPU deliveries would be based off what Dell or others can guarantee to them based off whatever discussions I imagine they have had already. So while it doesn’t narrow down a deal timeframe from the already expected timeframe of anywhere from now until sometime later in the year, I think it’s safe to say as each 1 of these 3 different parts are guaranteed to a 100% resolution, the deal announcements are more likely to happen. So most likely June at the latest and possibly earlier if 1, 2 or even all 3 of these are completed before then. If @danroberts0101 was able to chime in more on that it would be great, but I know he might be limited on what exactly he could say. Nonetheless, this is just my personal thoughts on the matter and what I’m expecting to play out. I’m currently long on the stock and hold both shares and options.

[jables77 @Jables771]

@notkenspeckle @BitcoinAIGuy Haha, yeah it’s been a rough go for them too.

[jables77 @Jables771]

@Cryptolution $DOG

[jables77 @Jables771]

@BitcoinAIGuy Good times back then. Wish I had loaded even more IREN with everything I could spare.

[jables77 @Jables771]

@BitcoinAIGuy @NVIDIAGTC Looking pretty promising.

[jables77 @Jables771]

@DollarCostAvg @grok Thanks. Soon we’ll see how much $IREN can move off the strength of a great deal.

[jables77 @Jables771]

@DollarCostAvg @grok Haha. It would be great. Whenever $IREN does announce a deal, max pain will go completely out the window for that week.