Way back on April 27 or so - one of the Premier, Top of the Line, Head of the Heap, Powerful Prognosticating Guru’s that I follow wrote an article about a Bitcoin miner named Core Scientific. I very much liked the article, performed an exhaustive, detailed deep dive ,15 minutes of research and wrote the thing up here on April 27 or so.
At that time CORZ was trading around $8.30 or so. Today it’s trading at just above a double sitting at $16.65 courtesy of a CoreWeave offer of a buyout - which, Corz; wisely (or not wisely) has snootily turned their nose up on.
Not sure about how the CoreWeave offer will work out - but - all praise and appreciation for the Premier, Top of the Line, Head of the Heap, Powerful Prognosticating Guru!
Now if you have access to the same Powerful Prognosticating Guru and purchased shares - congratulations. That said, the question is do you sell now at the top of the hype - or chug along trusting in the long term resilience and upside potential of CORZ? Will CoreWeave come back to the table with a better offer? Will the CORZ share price simply crest the offer high and come back down - then chug merrily along? Have no idea but wise investors always hold deep in their DNA the wise old Confucius Saying: “Man Can Not Prove Sugar with One Donut”
All the Best,
Big Dumb Hick - Pondering.