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Puru Saxena Profile picture
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12 Jan, 5 tweets, 1 min read
$FUBO - Squeeeeeeeeeeze!

I have a position Image
$FUBO - Shorts running πŸƒπŸ’¨πŸ’¨πŸ’¨πŸ’¨
~40% of the float is SHORT, will be fun to watch!

$FUBO
$FUBO more details - Image
$FUBO closed +34%!

Shorts are trapped and have to cover.

β€’ β€’ β€’

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More from @saxena_puru

Puru Saxena Profile picture
14 Jan
THREAD - Info on new positions -

1) $CURI - Factual content streaming service

H/T @OphirGottlieb for the idea Image
$CURI - Iconic founder + seasoned management team - Image
$CURI - Diversified revenue streams - Image
Read 24 tweets
Puru Saxena Profile picture
9 Jan
1/3) My thoughts on Bitcoin -

Hopefully, it will provide you with a fresh perspective

Disclosure - no conflict of interest/skin in the game Image
2/3) Thoughts on Bitcoin (contd.) Image
3/3) Bitcoin vol. increasing with time/size (not reducing) -

Chart courtesy of @ycharts

I have no skin in the game, hopefully this'll help some readers πŸ™ Image
Read 9 tweets
Puru Saxena Profile picture
6 Jan
Interesting a crypto expert stated the following during his Milken Institute debate in 2018 -

"Bitcoin is not an asset, its programmable money. Everyone is focusing on Bitcoin's price, which is nonsense."

Now, he is posting Bitcoin price charts on FinTwit w/ price targets!
The crypto experts want us to buy Bitcoin, yet nobody has answered my straight forward questions!

Instead of providing answers/offering insight, the experts have been attacking me and questioning my motives!

"Just buy the damn thing, you idiot - don't ask anything!"
Why attack and lash out at the crypto sceptics?

"You are wrong, the market has spoken, price pays, stay poor etc."

Why not answer all the questions in writing? If Bitcoin is legit and the sceptics are dumb, why not enlighten us so we can also buy and push up the price further?
Read 4 tweets
Puru Saxena Profile picture
5 Jan
$FUBO preliminary results -

I have a position.

ir.fubo.tv/news/news-deta…
$FUBO expects to exceed prior guidance -
-- Q4 revenue $90-$98m (vs. $80-85m guidance)

-- Paid subscribers 545K (vs. 500-510K guidance)

Remember how the shorts were claiming their channel checks showed marked deterioration in Fubo's business?

Does this look like deterioration?
Read 4 tweets
Puru Saxena Profile picture
4 Jan
Most of the crypto bulls who keep claiming this is a 'store of value' which'll be super expensive one day (Bitcoin @ $1m) have only allocated 1-2% of their capital in bitcoin.

Why only allocate such a small % in a 'safe haven' asset which will be worth 30-35X in the future?
If you were sure an asset was truly a store of value and it was on its way to becoming a 30-35 bagger over time, wouldn't you invest the majority of your capital in this asset?

You wouldn't dip your toe in the pool with 1-2%, would you?

Actions speak louder than words!
Crypto bulls argue "you wouldn't invest all your capital in one stock, would you?" Damn right; I wouldn't and that is because a stock on its own is risky (its not a safe haven).

Equities as an asset-class is also a risk asset but despite this, I've allocated almost all my...
Read 5 tweets
Puru Saxena Profile picture
4 Jan
#Bitcoin

Weekend --> $29K to $34.8K.......+20%!

Monday --> $34.8K to $28.5K....... (-)19%!

Wow!
Small hyper-growth stocks are also super volatile and they move around a lot *but* they aren't touted as 'stores of value'. Most know they are risk assets.

Bitcoin on the other hand is touted as a 'store of value'.

A store of value which moves up and down 15-20% a day!
Speculate if you want and enjoy the ride watching bitcoin gyrate like a yoyo.

Just don't call crypto a 'safe haven' or 'store of value'.
Read 5 tweets

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