Iota Research

Thoughts are my own about markets, economy and stocks

[Iota Research @iotaresearch]

$ANL - Back down to the cost basis for Balyasny, Point72, Squadron etc and the $55m personal investment from CEO, Yang Lu.

Downside right now looks like 20-25% to me if we break this current channel. Upside is ~100% to previous highs which many think is still an undervaluation.

[Iota Research @iotaresearch]

🇧🇷🇧🇷🇧🇷

[Renan Santos⬛️🟨⬜️ @RenanSantosMBL]

Bom dia, dois dígitos!

[Iota Research @iotaresearch]

@NextTradeX @ripster47 @JoseRestonVA Bleeding won’t go on forever and the reversal will be massive

[Iota Research @iotaresearch]

$BRZU - @RenanSantosMBL wins in October 🇧🇷

Fascinating parallels to Biden (@LulaOficial is 80), Jair similar to Trump, @JMilei, Jan 6th (literally Jan 8th, 2 years later)

Long Renan (@Kalshi), long IBOVESPA, long Haddad (2% > 40% on Lula dropout)

https://t.co/wLj5h50Wj1

[Iota Research @iotaresearch]

$TRAW - Moved on its PR about advancing hantavirus antiviral candidates. @OrbiMed also added 598k shares @ $1.67 on 4/16, basically 2x of their prior common share stake. Also bought ~$5m in warrants at $1.673 apiece.

Other big funds: Adage (add), ADAR1, Squadron & Ikarian (add)

[Iota Research @iotaresearch]

Squadron Capital Management - Check out those returns, and they're fresh off a massive win on $rlmd

So, what's next??? $TRAW.

On sept. 12th, Squadron bought 5.3% of $TRAW bringing their total to 6.0% (of ~7.1m shares OS)

Mcap is ~$16m & Cash on 6/30 was $13.1m (1 year of ops)

[Iota Research @iotaresearch]

@PickingMyOwn @seedy19tron Panther, any idea what's happening with that secondary offering? Don't they have to announce it's closing and what funds bought in?

[Iota Research @iotaresearch]

$CTMX - Earnings tomorrow! Don't have a view, but we may get clarity on the March 16th $5.3 secondary with no closing PR? There were insider sales filed 3/19 but all were for RSU tax reasons or planned via Rule 10b5-1.

Chart is Do or Die bouncing off channel bottom in past week.

[Iota Research @iotaresearch]

$CTMX ($4.45) - Nice setup. Sell-side has PTs of $11-17 from after 3/16 data.

Holders STRONG & added: VR Adviser, LLC (unsure), Perceptive, Kynam, Commodore, BBs, ADAR1, Ikarian, Orbimed

$ctmx did $250m ATM ($5.3/sh) on 3/17. Shares went $7-8 down to $4

ST PT is $6.90+ (57%+)

[Iota Research @iotaresearch]

2/2 -

2. Sell to SMB vs sell to enterprise

-Tough to do both of these things or expand from one to other
-Typically companies do acquisitions within these ‘weight classes’

$FRSH does both via @freshdesk @device42 FireHydrant etc. @StayGoldSF

[Iota Research @iotaresearch]

1/2 - From a KOL (5/5/2026):

"A software company can typically be bucketed in certain ways, and M&A is related to that.

1. Great at 1 thing vs. Ok at many things

-Great at 1 thing —> buy smth to become better
-Ok at many things —> buy another thing

$FRSH maps to 2nd category

[Iota Research @iotaresearch]

$AAPL - Interesting excerpt from @TrungTPhan's piece on @Apple

The "low cost of labor" in China narrative I grew up with may just be counterfactual negative propaganda

Rather, advanced tooling engineers draw manufacturers as other countries deemphasize vocational education

[Iota Research @iotaresearch]

@JoseRestonVA Yes, I haven’t been able to figure out the secondary closing mystery either. I’m relatively new to biotech but don’t remember another instance like this? Do you?

Would love to know who got in, if it was upsized etc.

[Iota Research @iotaresearch]

@Pharmdca $CTMX is on a similar pullback following their offering in March. Currently $4.10, should be $7+ in next few months

[Iota Research @iotaresearch]

Today looks like a local technical bottom across a lot of $XBI and maybe the index itself. Sell-off may continue, but I'm buying heavily today.

[Iota Research @iotaresearch]

$NKTR - Support is coming. Looks like ~$81 will be roughly the bottom. Could test the channel for a few days, but r/r here is great.

Upside is + ~34% back to $109 previous '26 high then ~$125 over next few months

[Iota Research @iotaresearch]

@OMNI_Token https://t.co/nLPHrswCom

[Iota Research @iotaresearch]

@livewithoscar Oscar put his new Sol address in his GoFundMe description for anyone looking to donate!

Address: DZpuSeoRSToSCkB2ceD5K4g6BZj8YPKpnvguJ7HneFeG

Confirm for yourself here:

https://t.co/VFPrJ6jhJr

@TobiasJochike @OnchainMozart @ZMattzzz @kos71s @SKupeal1973 @haha_obi @1_gote

[Iota Research @iotaresearch]

@TobiasJochike @OMNI_Token https://t.co/nLPHrswCom

[Iota Research @iotaresearch]

@livewithoscar Oscar put his new Sol address in his GoFundMe description for anyone looking to donate!

Address: DZpuSeoRSToSCkB2ceD5K4g6BZj8YPKpnvguJ7HneFeG

Confirm for yourself here:

https://t.co/VFPrJ6jhJr

@TobiasJochike @OnchainMozart @ZMattzzz @kos71s @SKupeal1973 @haha_obi @1_gote

[Iota Research @iotaresearch]

@livewithoscar @cryptovillain26 @OMNI_Token https://t.co/nLPHrswCom

[Iota Research @iotaresearch]

@livewithoscar Oscar put his new Sol address in his GoFundMe description for anyone looking to donate!

Address: DZpuSeoRSToSCkB2ceD5K4g6BZj8YPKpnvguJ7HneFeG

Confirm for yourself here:

https://t.co/VFPrJ6jhJr

@TobiasJochike @OnchainMozart @ZMattzzz @kos71s @SKupeal1973 @haha_obi @1_gote

[Iota Research @iotaresearch]

@livewithoscar Oscar put his new Sol address in his GoFundMe description for anyone looking to donate!

Address: DZpuSeoRSToSCkB2ceD5K4g6BZj8YPKpnvguJ7HneFeG

Confirm for yourself here:

https://t.co/VFPrJ6jhJr

@TobiasJochike @OnchainMozart @ZMattzzz @kos71s @SKupeal1973 @haha_obi @1_gote

[Iota Research @iotaresearch]

When $lulu gets cheap enough, @ChipYVR is going to buy them via $AS

You heard it here first.

[Iota Research @iotaresearch]

@YahooFinance https://t.co/OeT6rLvLTQ

[Iota Research @iotaresearch]

$LULU - WHAT are they DOING...😖 didn't listen to @ChipYVR

1. Any $NKE exec probably shouldn't have been considered

2. She was #2 on Donahoe's disastrous DTC strategy & got FIRED by Elliott Hill

3. Her experience (@Nike + @LEVIS) is all at legacy brands

ST TA PT: $124 (-20%)