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 | -5.9% | -5.8% |
| 1 week | -5.5% | -5.5% |
| 1 month | -16.9% | -17.1% |
| 3 months | — | — |
| 6 months | — | — |