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Daniel Romero
@HyperTechInvest
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Citrini telling subscribers to short $IREN after a 70% drawdown Right in the middle of peak neocloud despair I really don't see the point of opening a short position at this stage. The upside seems far clearer than the downside
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JUST IN: Citrini Research advises clients to cover $NBIS short position and to go short $IREN instead. "One quick swap we are making is $IREN for $NBIS on the short leg of the neocloud pair mostly to derisk on earnings (IREN announced and popped harder than the sector today, NBIS earnings is next week). IREN is also more stretched in balance sheet, which matters since financing reflexivity is a huge part of this."
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