Benoit

15y in tech. Now investing full time.
Concentrated portfolio, shared publicly.
Co-founder of

[Benoit @benoitz]

Portfolio update — Oct 31

[Benoit @benoitz]

@RetardBagFinder Not this time :) But apparently the market doesn't need my help anymore

[Benoit @benoitz]

@dollar_mara Please, can we stop having more dips now?

[Benoit @benoitz]

@NighthawkTradez $IREN already has enough drama

[Benoit @benoitz]

@RichardNem1338 Interesting perspective, especially given your market-making experience. I'm also surprised institutions haven't stepped in more aggressively at these prices. Hopefully the next few months will give us some clarity.

[Benoit @benoitz]

Finally a good day for my 26,000 $IREN shares

Then I looked at $NBIS

Apparently I'm not allowed to be happy

[Benoit @benoitz]

@DaiCa2011 Can't argue with that. I've been consistently wrong on the timing so far 😂 Hopefully taking a break from buying will finally turn things around.

[Benoit @benoitz]

@99percentdumb The financial returns are still missing, but the personal growth has been tremendous 😂

[Benoit @benoitz]

@chrishacken Yeah, hopefully some big AI contract announcements will finally change the momentum.

[Benoit @benoitz]

@jimmy_kX Exactly. We get all the downside volatility and only a fraction of the upside 😂 Hopefully that changes soon.

[Benoit @benoitz]

@DaiCa2011 Selling covered calls after such a big drop feels risky. If $IREN rebounds sharply, you might end up missing the recovery. That's what would worry me.

[Benoit @benoitz]

@Fun_Paleo I appreciate the effort to cheer me up :)

[Benoit @benoitz]

@mstrinvestor Seems too easy...

[Benoit @benoitz]

@wreckinralph222 At this rate, $IREN shareholders will all become philosophers 😂

[Benoit @benoitz]

Fair criticism. I'm still very bullish on $IREN long term, but issuing shares at these prices is frustrating. I'd rather see management pause the ATM and let the stock recover. On the positive side, I trust they're putting that capital to good use building out the AI infrastructure business.

[Benoit @benoitz]

@gr8tixx At the time, I was comparing $IREN mainly with other Bitcoin miners like $CIFR, $MARA, and $CLSK, etc... rather than AI infrastructure players like $NBIS or $CRWV. In hindsight, that might have been a mistake, at least in the short term.

[Benoit @benoitz]

@qqwp42914853484 I know the feeling. I've bought 42 dips so far, and somehow there's always another one :)

[Benoit @benoitz]

@KennyZufall I hope you're right about the accumulation

[Benoit @benoitz]

@Lee_Trades I think so too. The earnings gave me more confidence in the long-term story. Now we just need the stock price to catch up.

[Benoit @benoitz]

@LetsGoBflo17 After everything we've been through lately, maybe we should start a philosophy class

[Benoit @benoitz]

@SteveUrkelDude Seriously, no more lower lows please 🙏