中文翻译
我在此是为了保护散户利益。我对 $IREN 没有任何经济利益。正如你所说，随波逐流确实容易得多。但残酷的现实是，60亿美元的定向增发(ATM)规模巨大，将成为持有者的结构性压制因素。当一半的市场份额不可避免地通过增发并针对散户抛售时，我无法理解任何人如何能诚实地称其为“逢低买入机会”。
· 个股论点
作者指出IREN巨额定向增发将压制股价，反驳逢低买入观点。
涉及标的： $IREN
英文原文
I'm here to protect retail interests. I have zero economic interest in $IREN. As you mentioned, it's a lot easier to go with the flow. But the harsh reality is $6B ATM is enormous and will serve as a structural overhang for holders. I can't see how anyone could honestly say it's a "dip buying opportunity" when half of the marketcap is inevitably minted then sold against retail holders.