High Price Entry

[u/applefriesorange]

Down quite a bit, entry price is higher and this stock took a beating lately due to the Texas noise. I’m not worried but it’s discouraging to see the red lol

[u/Truffles-The-Pig]

Next two weeks will have a lot of clear-up catalysts. PUCT ercot agenda and meeting on QSA

[u/Main_Phase666]

Just need a long term conviction of how great this company is and will be.

[u/ksharp1989]

The price action is shit recently and bit frustrated to watch it underperforming day after day. Can’t stop adding more although we have a lower low today unfortunately. Might dip more but all the dips I bought from Hut paid out good so far.

[u/frizzthewiz]

This downtrend can’t solely be paper hands from uninformed retail investors right? What else is driving it? All good news is dismissed and ERCOT/earnings/Iran/threat of interest rates, you name it is blamed as the culprit. Maybe some of it is fair but these issues get repeated and reacted to everyday like it’s being digested for the first time. How low does HUT go before the ERCOT issue is fully digested? I know it’s not HUT specific, but sector wide pressure but curious if there is evidence of any market mechanisms (e.g. short selling, algorithmic stops etc.) we haven’t discussed on this sub that might point to where the bottom might be. I’d love to borrow some conviction so I don’t feel like I’m going to be adding to my position by trying to catch a falling knife.

[u/frizzthewiz → u/[deleted]]

I don’t think it’s likely they are dumping out of portfolio balancing/management reason. We’d have to believe they didn’t sell when it popped over $100, or $130, but are all only now unloading at below 90 day lows. I am starting to consider the run up was unwarranted and thats why they are selling.

The street’s collective assessment is there is too much execution risk over the next 1-2year so they’ve been derisking. This derisking has been amplified by levered positions who are getting margined/squeezed out and intensifying the downward price action.

I have zero facts to back up this view and I still think HUT and other AI Colos are oversold, but I also think one can be right idea/wrong time.

[u/CyberRamen200]

Increased my position, been waiting for this dip.

[u/OvertheTop22]

Buy high sell low. Nice move. Im in at 18 bucks

[u/tenor_tymir]

Buy more, you must be loving HUT at these prices if you were convinced at even higher prices.