pve

send memory back

MU long worked out nicely. 900 was pretty much the bottom tick. grats if you tailed

NVDA's call tonight was a pretty strong confirmation of the broader memory thesis. demand is still accelerating at a massive scale and customer forecasts are pointing towards further growth + supply constraints are now expected to persist through at least FY28. the part that stood out to me the most was nvidia explicitly citing extreme memory prices as a source of margin pressure and that has been pretty much the whole bet and why I took this trade (remember the 15% price hike?)

good to see the thesis play out

bluechip bluechip

gn

and just like that the market is giving another entry after closing MU yesterday

On crypto side I do feel pretty severely underallocated to majors and have a ton of stables sitting on the sidelines but I don’t want to fomo shove everything back in

derisked pretty hard because I went on a genny run over the past 10 days and I’m okay with missing a little upside (just kidding, I’m not)

happy to hear what you guys are seeing/thinking though. my dms are always open if you have a thesis or something interesting I should be looking at

gn

the best thing that happened to me last cycle was losing everything and being stripped down to nothingness. there is an old kabbalistic idea of the breaking of the vessels where the vessel can no longer contain what is moving through it and breaks under the pressure. from the outside it looks like destruction but on the inside it is the beginning of a different form

the Fool archetype eventually discovers something similar. you spend years building yourself out of money, status, knowledge, relationships, beliefs, achievements, all these little pieces that eventually become an identity and you tell yourself “this is who i am this is what i’m good at. this is what my life is supposed to look like” and then something comes along and takes it all away from you. suddenly you’re standing in the same place with none of the things you used to use as proof of who you were. it’s terrifying because you realize how much of the self was built around what you had accumulated

at the same time there is something sacred about being reduced to nothingness. the alchemists understood that you cannot transform the material without first breaking down its old form. “solve et coagula” or dissolve and coagulate. the old structure has to fall apart entirely before it can become something else

the deepest transformations you could ever go through will never feel like progress while they’re happening to you. At first they will feel like death and the ego calls it loss because it cannot imagine itself without the things it just lost. you’ll ask yourself why me? why is this happening to me? but the vessel was never meant to remain intact and comfortable forever it was only ever meant to change constantly and that same vessel has to break so that you can finally see what was inside

gave you a 100x on $delta btw

$bluechip new ATH

we chilling

been hearing some whispers about a base token announcement

nothing confirmed obviously and it’s all just speculation but you already know how these things go. by the time it’s official everyone is gonna be asking how to farm it. if you’re already using base now is probably a good time to actually start using the base app and start building some history there

use my referral for 10% off fees

https://base.app/invite/friends/TMQFW8KF

could be nothing or we’re just early. and prob worthwhile to get allocated into base tokens in the meantime.

as always nothing is confirmed, believe half of what you see, and nothing of what you hear. gl

on equities side here’s what’s in store for this week:

Monday: US markets open after a US oil deal with Venezuela.

Tuesday: ISM Manufacturing PMI and JOLTs job openings hit; both are make-or-break for rate hike odds.

Wednesday: Treasury's $12.5 Billion debt buyback and ADP employment change data drop.

Thursday: ISM Services PMI drops along with Japan's foreign bond investment data.

Friday: Nonfarm payrolls and unemployment data land, the biggest job data before the FOMC.

If the job market gets worse, rate hike odds will drop as the Fed can't hike in a weak labor market.

If the job market gets better, a September rate hike could become a possibility and will crush the markets.

august was easily one of my best months. cleared an insane pnl from a pretty small starting balance onchain and did really well on perps too. seeing a lot of people on the TL hit 6 to 7 figs in August too

probably a good reminder to actually take some off the table when you’re seeing this much froth everywhere. random shit like “boner coin” running to 85m is usually a pretty good signal that the casino is getting a little too crowded

there’s no guarantee SOL or BTC goes higher from here. there’s no guarantee onchain liquidity maintains from here. anyone telling you we’re “just getting started” or that you can’t lose from here on out is selling you a dream

we’re seeing an insane amount of froth right now and maybe it keeps going and maybe it takes a breather. nobody knows, that’s the game. so take some off the table. you don’t need to squeeze the last 20% out of every move.

anyway onwards and upwards. new month = new opportunities. let’s see what the market gives us and navigate it accordingly

taking a chance here on VIDA Global CTO, basically an AI cookie cutter company on NYSE with ~$40m mcap and only 14m shares. 4m are on xStocks, paired with $CTO, so the penny stock / squeeze narrative could have a pretty big impact here although obviously there’s also a chance it does nothing

stock already +6% premarket so waiting for open to see how it moves

the marginal buyer is MMs having to peg onchain vs market price. could drive a ton of volume and with such a low float it might be hard to find sellers

best case stock squeezes, gets halted, then the whole thing hits the news. worst case nothing happens

8K5X85PAJHAAVSvYaAzgVPPAPsqqHmvx16ZyBiscYF8L

50/50

stock opened 8% higher then got sold down

token gapped up to 8M then got sold down

will trim a bit and look for the next gem as it’s back at entry / when I called it

war fud and rate hike fud back on the menu today

earlier call to trim some was definitely the right one. sitting mostly in cash here and will slowly start adding into majors as things develop

this is a good example of following your gut and why you take some risk off when the market feels euphoric. let’s see how this plays out

quick trip to lake como and boating time

good way to end the week with good company

cheers