The analyst suggests exiting all positions in IREN to rotate into NBIS, which has dropped more and presents a good opportunity.
NBIS dropped 3 times harder than IREN, indicating a good buying opportunity compared to IREN.
@OInvests you can rotate all $IREN for $NBIS (dropped 3x harder than IREN, good opportunity)
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -10.4% | -10.3% |
| 1 week | -0.7% | -0.7% |
| 1 month | -15.1% | -15.2% |
| 3 months | — | — |
| 6 months | — | — |