$NBIS is back below Aug 2026 levels... down nearly 50% from its highs. $IREN is back to Aug 2025 levels... down nearly 70% from its highs. $CRWV is back to its IPO levels... down 72% from its highs. Gave back all its post IPO gains. There are levels to this!

KOSPI: I can drop 10% while you’re sleeping $EWZ: That’s cute. Down 25%, still in my pajamas

Neocloud investors seen warming up for overnight trading to begin on this beautiful Sunday evening 🥋

This is ridiculous! Block one scam bot account, another pops up the next day. Please be sure that I will NEVER DM/contact you privately for anything. Please be vigilant. Don't fall for these impersonators.

Just when I think the bot situation has improved on this app 😬🤣

You don't check your speed on the road to work. Same road every day, you're not even thinking about it. But then one thing changes. A mailbox is gone, a truck is parked where no truck ever parks. Your foot is off the gas before you know why. I go to this same local coffee shop to get the same cup. I haven't wondered in years if it will be good. It just always is. This morning I told my barista nobody else gets my drink right. Literally every single day. He smiled and said, "Man, I've given my whole life to this. Decades”. I drink that cup in ten minutes. He spent decades mastering a craft that I don't even have to think about. Once you notice it, it is literally everywhere. A mother hears the wrong kinda quiet in the next room. A mechanic hears something in the engine you can't hear even after he points out. A trader watching the tape knows something isn’t right and then the stock breaks down an hour later. People call that talent. I think it is simply years of relentlessly paying attention. Eventually the familiar get so familiar that whatever didn't belong "stood out". Tomorrow you will drive the same road that you’ve taken for years and have the same drink, yet won’t think hard about any of it. But you will notice if something is off.

Bottleneck bros since June 2026

$AEHR straight elevator down since. Down another 30% in a straight line in 8 sessions. Not a surprise.

$CBRS Do yourself a favor. Please go back and count how many people were pounding the table telling you they were buying this. Then do yourself another favor. Read the deep dive that I shared back in August. Might save you from paying for another subscription you never needed in the first place. Relentless selling here. And don’t mistake just a snapback rally for a change in character. xitter.cf/anandragn/status/20865…

Me trying give perspective and talk sense to $IREN shareholders is like… why am I even….

$IREN Back in July I shared the below quoted post. No surprise that a few IREN loyalists showed up to tell me how wrong I’m going to be. Well, it played out almost perfectly… after all the back and forth, IREN is now down 36% trading around $25-$26. And analyzing the price action, I think the larger move to the downside may have only just begun, perhaps after a bounce. I’m quite certain that there are plenty of people underwater, holding on and hoping just to get back to breakeven. But here is something worth pondering. Sometimes the hardest thing to do is accept that the trade you believed in is no longer the trade that is in front of you. If you get a decent bounce, consider whether it is an opportunity to reduce exposure rather than another reason to convince yourself everything is fine. There is absolutely no consolation prize for being the last person to admit something has changed. And certainly no reason to fight people simply because they are pointing out risks you didn’t want to acknowledge. Good luck! 🍀

Pull up who you were following during the 2020-2021 era and count how many of the big accounts still post. Better yet, how many of those do you still pay attention to? Zoom, Peloton, Roku, Enphase, Skillz, Fisker, Canoo, Nikola. The list goes on and on. Many of the loudest voices have disappeared, or simply stopped being people you listen to. They were 100% certain. Big positions, even bigger opinions, a following that grew with every green candle. They knew the businesses cold. One subject they never covered, however, was "being wrong". Then the first drawdown came and the threads got longer... Every dollar of the decline had an explanation. They bought more, at least they said so. A bounce arrived and so did the screenshots, and the "told you so". For a few days, doubt looked absolutely foolish. Then the market rolled over again and the same people wrote that "anyone selling here is a trader". I remember that line so vividly. Protecting your financial and mental capital had suddenly become a serious character flaw. The price targets stayed despite being down 50%, then 75%, then more. The dates moved. A trade that was supposed to change their life now needed five years to be understood. "The market is simply wrong", they said. A lot of that research was actually good. You could read the whole thesis and come away impressed. What you couldn't find was the sentence that said when they would leave. Fundamentals help you estimate what a business might be worth. They don't tell you when the market will agree, or how much you will lose waiting. When liquidity is leaving, a perfect model of the company can be a perfect answer to the wrong question. Then there is the audience. Thousands watching, some of whom bought because of the call. Every public declaration made the next private doubt more expensive. How do you quietly change your mind when certainty is what people follow you for? So they didn't. Another big thesis post, another conviction thread, another low, another bounce that reopened the possibility it hadn't been a mistake. Daily updates became weekly, weekly became "nothing changed, generational opportunity it is", then nothing. 90% down, 95% down, no final post. I see the early version of it now. Many of these accounts showed up in the last year or so. They gravitated to the same set of tickers retail had adopted as its favorites, and their following grew about as fast as those stocks rose. The audience rose with the price, and the price had little to do with them. It's an easy thing to mistake for skill, especially when the environment is paying anyone who just happened to be standing in the right place at the right time. How well someone understands the market becomes clearer when it stops cooperating. The last few months have been a revealing test. Nobody introduces themselves as the person who will ride a position down 90%. Somewhere in this chaos, there are quiet people with a clear head, an exit plan and plenty of dry powder. They have probably been wrong too, many times. They just left themselves enough room to be wrong and keep going for years to come.