IREN reported recently and beat expectations I believe. That’s my 2nd largest holding in the miner arena and I’m up a decent 10-20% on my overall investments, don’t know the exact number, but some of those gains are in taxable accounts and therefore I’m that much more reluctant to sell my positions in those accounts in particular right now. But I’m persuadable at the same time. I personally find IREN to be a bit of an enigma in that I don’t see much chatter about that one, at least not so much in the venues where I typically will search for market banter. (It’s very possible I’m just not looking in the right places btw). But anyway, the relative lack of hype around IREN is a bit curious to me as it seems to check certain boxes (all renewable energy {I think?}, also other significant revenue sources {AI - and one of the early ones to make this crossover amongst all the publicly traded miners if I’m not mistaken}, multinational/diversified geographical exposure, etc) and these things have led me to feel in the past that maybe it’s just a bit ‘under the radar’ for the time being. However, something can only remain ‘under the radar’ for so long before an undeniably biased observer who seeks to employ intellectual honesty to the best of his ability, must acknowledge that perhaps it’s more a case of ‘the rest of the market just doesn’t care that much about what you’ve found intriguing’.
Any thoughts on IREN by anyone who’s familiar with that one?
Any miners that anyone would recommend not touching with a 10-ft pole? If I have a small position in any of those, I’m ready to pull the rip cord as I haven’t gotten too deep in the weeds with some of my smaller miner positions tbh 😬
Great comment. I have to admit, I haven’t looked at IREN too deeply lately but I’ve been a holder in the past. My feel has been that mining stocks that don’t go hard at HODLing don’t have the same level of interest as bigger-stack names but that’s purely a guess. I’ll try to dig in a bit more soon. And certainly the floor is open to anyone who as an opinion in IREN…
Welp, I guess I should complain more publicly about my stocks that are seemingly stuck in the mud....IREN is now officially +50% from its closing price on May 15th (the day prior to my initial post here, above). I'll take it. I've sold several small-ish lots of my IREN position yesterday, and more so today, from the portion I hold Roth accounts, most recently at $7.82/sh. Still holding it in all 4 of my trading accounts but will have to hang on for quite awhile longer in my other 2 taxable accounts unfortunately, in to avoid short-term cap gains. good problem to have, I know, I know, poor me. Have reduced my overall IREN position by over 30% lately and yet it's still my 2nd largest bitcoin miner behind only CLSK, though it may quickly become my #1 miner postion if it keeps moving like it has been lately and if I don't keep shedding more and more of it. Looks like the idiot market finally caught on - lol! I'm totally joking....I just got lucky for sure with it (although my well-timed post about it here last week might make me appear far more insightful/smart than I really am at first glance - don't be fooled!)
IREN reported recently and beat expectations I believe. That’s my 2nd largest holding in the miner arena and I’m up a decent 10-20% on my overall investments, don’t know the exact number, but some of those gains are in taxable accounts and therefore I’m that much more reluctant to sell my positions in those accounts in particular right now. But I’m persuadable at the same time. I personally find IREN to be a bit of an enigma in that I don’t see much chatter about that one, at least not so much in the venues where I typically will search for market banter. (It’s very possible I’m just not looking in the right places btw). But anyway, the relative lack of hype around IREN is a bit curious to me as it seems to check certain boxes (all renewable energy {I think?}, also other significant revenue sources {AI - and one of the early ones to make this crossover amongst all the publicly traded miners if I’m not mistaken}, multinational/diversified geographical exposure, etc) and these things have led me to feel in the past that maybe it’s just a bit ‘under the radar’ for the time being. However, something can only remain ‘under the radar’ for so long before an undeniably biased observer who seeks to employ intellectual honesty to the best of his ability, must acknowledge that perhaps it’s more a case of ‘the rest of the market just doesn’t care that much about what you’ve found intriguing’.
Any thoughts on IREN by anyone who’s familiar with that one?
Any miners that anyone would recommend not touching with a 10-ft pole? If I have a small position in any of those, I’m ready to pull the rip cord as I haven’t gotten too deep in the weeds with some of my smaller miner positions tbh 😬
Great comment. I have to admit, I haven’t looked at IREN too deeply lately but I’ve been a holder in the past. My feel has been that mining stocks that don’t go hard at HODLing don’t have the same level of interest as bigger-stack names but that’s purely a guess. I’ll try to dig in a bit more soon. And certainly the floor is open to anyone who as an opinion in IREN…
Welp, I guess I should complain more publicly about my stocks that are seemingly stuck in the mud....IREN is now officially +50% from its closing price on May 15th (the day prior to my initial post here, above). I'll take it. I've sold several small-ish lots of my IREN position yesterday, and more so today, from the portion I hold Roth accounts, most recently at $7.82/sh. Still holding it in all 4 of my trading accounts but will have to hang on for quite awhile longer in my other 2 taxable accounts unfortunately, in to avoid short-term cap gains. good problem to have, I know, I know, poor me. Have reduced my overall IREN position by over 30% lately and yet it's still my 2nd largest bitcoin miner behind only CLSK, though it may quickly become my #1 miner postion if it keeps moving like it has been lately and if I don't keep shedding more and more of it. Looks like the idiot market finally caught on - lol! I'm totally joking....I just got lucky for sure with it (although my well-timed post about it here last week might make me appear far more insightful/smart than I really am at first glance - don't be fooled!)
Congrats! Hey, it's always better to be lucky than good. But elements of both are usually required
Amen to that brother!