Joined January 2021
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Told you $SPCE below $5 was free money and that it was heading to $7 before the SpaceX IPO.
$SPCX IPO is tomorrow and $SPCE is gaining momentum fast⦠see you at $7 !
$SPCE trading below $5 again is crazy.
Iβd be shocked if we donβt see this back above $7 before the SpaceX IPO.
Position Accordingly β
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$SPCE trading below $5 again is crazy.
Iβd be shocked if we donβt see this back above $7 before the SpaceX IPO.
Position Accordingly β
Been watching @virgingalactic closely and finally aped into $SPCE shares.
Thesis:
- Cheap Space Exposure for SpaceX IPO
- $400M MC
- First Insider Share Purchases in 6 Years on May 19th
- $185M Backlog w/ $70M Customer Deposits ($750k per person)
- May 27th Successful Glide Tests
- New Ships Ground Testing w/ Full Live Tests in Q3 2026
- Commercial Launch Q4 2026
- Only Space Company Focused on Space Tourism w/ Blue Origin Suspending Opps
- Payload or Research Partnership Announcements Would Rerate Stock 2x
- 25% Short Interest
- Private Warrants Exercising @ $6.70 Would Raise $200M and Transform Financial Health.
Hope this helpsβ¦ To Infinity and Beyond! π
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The Stock Market DATs are toxic.
MicroStrategy worked for years because there was no competition from other treasury companies.
Once there is competition, they have fiduciary responsibilities to shareholders. Due to that, whoever sells first wins.
$MSTR and other DATs are all dumping on each other which is reflexive. The DATs that sell first win because it crashes their competitors NAV and then the Equity Value of Shares is destroyed with it.
We are in an environment where there is no new capital flowing in and these companies need to sell in order to survive. All of the fresh capital and debt has been leveraged already.
The Strongest DATs who manage to create cash flows organically will survive, others will continue to head towards zero.
Once the failed DAT headlines slow and the remaining companies have stable business models, thatβs when crypto will bottom.
Follow the Cash Flows and Liquidity π
Itβs a game of dominos.
Even if it isnβt regulation that makes them unwind, it doesnβt matter the cause.
All it takes is one large DAT to start selling their treasury for shares and then they are all screwed.
What happened to the 50 OHM forks that launched last cycle that traded below NAV? 99% unwinded themselves or were forced to after being handed lawsuits from investors. This wonβt end differently.
Itβs the 10-25% of toxic DATs that are frauds and unwind to enrich themselves. There isnβt liquidity for it and liquidity is king.
Iβm not saying that the Top 5 DATs are bad and going to unwind. They have some legit business cases.
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Treasury Companies are the reason for cryptos underperformance this year.
Bitcoin was $120k when I started sounding the alarm to take profits on the sector.
The majority of crypto will continue to be cooked until these treasury companies are stabilized or completely unwound.
Whatβs the opposite of capitulation?
Itβs these treasury companies having fomo and force buying your bagsβ¦
Donβt let them fool you, most of these will be forced to eventually unwind.
The issue is these companies have higher inflation rates and hidden dilution that far outpace USD inflation.
Going way higher is a possibility but itβs impossible to keep up this pace on high time frames.
Be smart.
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Commodities Supercycle β
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99% of DeFi Governance will be written and ran by AI Agents.
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Been waiting for this from $GME.
This in my opinion confirms that GameStop Warrants will close ITM. $GME.WS
$2B repurchase program is enough to push $GME shares above $32 and exercise warrants which would raise $1.9B for GameStop.
They will likely keep degen buying $EBAY and letting shorts pile in on both $GME shares and warrants.
If price goes to $10-15 dollars then $GME uses this $2B to buyback shares below their cash value.
They later sell those same shares they just bought back for $32 by forcing warrants to exercise.
Cash value per share will skyrocket the $GME price floor without dilution. If played correctly then $EBAY & $GME deal will eventually look too attractive for $EBAY to pass up.
Chess not checkers. βοΈ
Jun 2
$GME APPROVES $2B SHARE REPURCHASE AUTHORIZATION THROUGH JUNE 2, 2029
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Quick Reminder... $SPCE π
"Private Warrants Exercising @ $6.50 Would Raise $200M and Transform Financial Health"
Been watching @virgingalactic closely and finally aped into $SPCE shares.
Thesis:
- Cheap Space Exposure for SpaceX IPO
- $400M MC
- First Insider Share Purchases in 6 Years on May 19th
- $185M Backlog w/ $70M Customer Deposits ($750k per person)
- May 27th Successful Glide Tests
- New Ships Ground Testing w/ Full Live Tests in Q3 2026
- Commercial Launch Q4 2026
- Only Space Company Focused on Space Tourism w/ Blue Origin Suspending Opps
- Payload or Research Partnership Announcements Would Rerate Stock 2x
- 25% Short Interest
- Private Warrants Exercising @ $6.70 Would Raise $200M and Transform Financial Health.
Hope this helpsβ¦ To Infinity and Beyond! π
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It's pointless to prioritize building any non mainstream content on X.
Engagement is completely dead if you aren't discussing news or topics from a commonly viewed echo chamber.
They expect creators to spend hours building posts then they don't let anyone see it, including their followers.
I posted a short $SPCE thesis under 24 hours ago.
The stock up 70% since.. π
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I posted a short $SPCE thesis under 24 hours ago.
The stock up 70% since.. π
Been watching @virgingalactic closely and finally aped into $SPCE shares.
Thesis:
- Cheap Space Exposure for SpaceX IPO
- $400M MC
- First Insider Share Purchases in 6 Years on May 19th
- $185M Backlog w/ $70M Customer Deposits ($750k per person)
- May 27th Successful Glide Tests
- New Ships Ground Testing w/ Full Live Tests in Q3 2026
- Commercial Launch Q4 2026
- Only Space Company Focused on Space Tourism w/ Blue Origin Suspending Opps
- Payload or Research Partnership Announcements Would Rerate Stock 2x
- 25% Short Interest
- Private Warrants Exercising @ $6.70 Would Raise $200M and Transform Financial Health.
Hope this helpsβ¦ To Infinity and Beyond! π
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Which company hits $2T Marketcap first?
47%
$SPCE
53%
$SPCX
19 votes β’ Final results
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$SPCE Daily Average Volume is 9.31M.
Today we have already traded 60M shares before Noon.
Options Volume and Open Interest are also completely insane.
The 178k July Call Open Interest is Notional 20% of the Entire Company. Over 120k of those contracts are in the money π€―
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The @wallstreetbets crowd is buying $SPCE and pretending itβs SpaceX.
The irony is that they will outperform anyone buying the actual SpaceX IPO at $2T.
$SPCE is exploding on @wallstreetbets.
The Thesis�
The WSB Degens are betting people will ape into wrong ticker on SpaceX IPO day.
$SPCE
$SPCX
Stock is up another 15% after hours π
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The Deepest Onchain RWA Liquidity is on @Ostium.
May 28
Ostium is building the broker layer for global markets onchain.
Most onchain perp DEXs run order books. This works for crypto which has deep liquidity onchain, but falls apart for RWAs where the deepest liquidity live offchain. Books stay thin and traders pay the price in slippage and wicks.
On 10/10, PAXG perps on Hyperliquid wicked more than 20% while spot gold barely moved. Traders holding long gold faced liquidation risk on a session where gold itself was flat. The same pattern showed up on Lighter where SKHYNIX wicked 22% while the Korean equity market was closed.
Ostium took a different path by pricing trades from the underlying markets directly. Institutional partners like Jump hedge the resulting exposure offchain.
The hedges go into the same venues where these assets clear trillions a day. The same $1M NVDA position that costs ~60 bps on Hyperliquid costs around 9 bps on Ostium.
The roadmap is a full RFQ network where designated liquidity providers compete on every trade in real time.
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$SPCE - Up 30% AH
@wallstreetbets degens aped a stock hoping people would buy the wrong ticker⦠and they are outperforming you.
Howβs it feel?
$SPCE is exploding on @wallstreetbets.
The Thesis�
The WSB Degens are betting people will ape into wrong ticker on SpaceX IPO day.
$SPCE
$SPCX
Stock is up another 15% after hours π
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