May. 4 at 7:08 PM
When a position is already up over 20x, the real question is no longer about gains, but about how to unwind it.
That is the situation with
$QBTS.
Unlike
$RGTI, where about 90% has already been sold, only part of the original D-Wave position has been reduced, with the remainder still representing about 3% of the main portfolio.
Even at current levels, any sale still locks in 20x+ returns, but the position has now entered long-term tax treatment, making the exit structure more complex.
Further scaling out is expected, but the pace and sizing are still being weighed.
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