Finished closing half my $PONS position this morning.
While I am still incredibly bullish, after a 15x move the RR is not as attractive as at $30M MC and the move higher isn’t as obvious.
Still hold 350k $PONS valued $220k which I will look to LP out between here and $1B+
Challenge port value - $540k (130k in LP)
Cash position - $290k
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