I just went long Friday in NBIS after hearing that Leopold lost his entire bag to Citadel at the bottom, and that at one point 40% of his portfolio was NBIS stock at one point. According to my math, which I may have done incorrectly ... after analyzing the Current market cap and realizing that Ashenbrenner's (I'll memorize the spelling of his last name later) entire fund was worth 45B, that means he was holding 40% of that which means he was holding $18B of NBIS stock ... which now around $215 is a total market cap of 56B, and the stock has never been above 300 so even if he owned it at 299, that's more than $12 billion in August 3rd dollars, of NBIS he was holding.

So that means Ken Griffin is probably hiding between 12/56 and 18/56 of the stock, which is 21% to 32% of the stock ... and the stock also has a 33% short interest ... meaning about 1/3 of this stock is sold short ... and another 1/3 of the stock is owned by a single entity, Citadel, controlled largely by a single very shrewd man, with very strong hands, Ken Griffin.

This stock has a 33% short interest, and now with Ken Griffin owning somewhere between 1/5 and 1/3 of the outstanding shares (not to mention any additional shares or leap call options he may have bought) this is his chance to squeeze the shorts (something he's very familiar with from being on the very tail end / bailout end of that during the Gamestop saga) ... so ... I feel like a double may be good enough for him, at least for his first half, and he may let the 2nd half run ... So I like a target for selling my entire cost basis in either the 290s just below the prior highs, or at the 1.272 fib extension, where a bunch of puell multiples are located, and I'll watch for bearish RSI divergence to tell me which.

So what makes sense to me right now is to sell half my cost basis at the 290 level ... measure RSI div at 300 and if no bear at 300, hold until the 330s with that other half ... (which is about 1/3 and 1/3 of the entire position) ... and then just let the other half run until a bearish RSI div DOES appear ... since that's likely when Ken himself will be getting out ... probably wycoff style. I think that RSI divs are some of your best way to know when a wycoff is happening and to get out, now that I think about it, ... so that's a topic to explore later as well.