IREN These guys are being way too stubborn with these data center deals (or lack thereof). Take a cue from CORZ and get your stick on the ice fellas. But it's cheap, so I may get long around $6.20
IREN I bit here at the closing price of 8.78 and I'll get out at the first profitable daily close. Historically, at this level of discount, my W/L ratio is 68-0 with an average gain of 5.4% in 29 trading days. With the market as it is, I suspect this could be toward the longer end of that range, maybe even beyond if BTCUSD keeps soiling itself. but it could also pop tomorrow, too. You never know with BTC and its mining affiliates.
I'm not a diamond-hander here at all, though. This is ideally a smash and grab 1 day trade, if possible. There is real risk here, which is why I'm not posting this as an idea like I normally do. But I'm willing to wait, so here I am. Maybe a better price tomorrow, maybe not. If it is, I'll add to my position and if it's not, I'll be cashing out with a profit.
IREN +23% since Jan 29th while BTCUSD is -7.5% in the same timeframe. that outperformance does tend to mean revert over time, though, just like underperformance does.