Jun. 24 at 9:47 PM
$AIXI . An observation, and I'll name it.
@Santa_Claus_Trades runs the same playbook from one ticker to the next. For
$IXHL the vouching source was a scientist friend at Johns Hopkins. For
$AIXI it's now a lawyer son at Quinn Emanuel. Each time a private, conveniently close, unverifiable source props up a very specific bullish scenario, here a 10 to 50M settlement "in 80% of cases," on a stock down 25% on the day.
I know what I'm talking about. I lost 80% of my money feeding on exactly this kind of commentary. Today I stay away from it, but when I see it at work I can't help warning the people still on the raft. He blocked me eight months ago on
$IXHL, already, for asking the wrong questions.
A thesis is checked on EDGAR, in public filings and court rulings, not in last night's chat with a relative you can't cite. The public fact: Shanghai dismissed the infringement claim. The rest is hope, not data. And as always: this is not advice.
