To The Moon

$Bloom Energy Corp(BE)$  is up another 4% early in the session, and it is starting to feel like a routine part of the morning now. Watching price action move before the day really gets going has become something I look forward to. Finding those dislocations is what makes the difference, price action still dictates market movement.

$Moderna, Inc.(MRNA)$ Did you cover, or are you planning to cover? Just be straight about it. I think we're heading past $300 before long.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Semiconductor ETF(SOXX)$ $Roundhill Memory ETF(DRAM)$ $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ Since 1942, the S&P 500 has rallied 16.6% on average from November to June, and it has done so 100% of the time (21 out of 21). I wouldn't put much weight on the usual bearish noise from perpetual pessimists.

$Applied Optoelectronics(AAOI)$ You'd think a .618 measured move of wave A might be enough to satisfy the algorithms and complete the correction, especially with earnings coming up. We'll see.

$Bloom Energy Corp(BE)$ Back to 200+ tomorrow. Now there's this strange obsession with "negative cash flow," which actually should be a good sign for a growing business. If positive cash flow is the priority, look at names like Walmart, Verizon, and AT&T.

$SpaceX(SPCX)$ The easy buy narrative looks way overdone. Just the Street screwing retail so they can load more.

$IREN Ltd(IREN)$ As Elon has hinted, compute prices are going to keep climbing. Every major AI lab and hyperscaler is desperate for electrified power, which is a prerequisite for running AI marathon training sessions. If power is the bottleneck, and IREN has the most power under ownership — some other BTC legacy miners have land or grid connections, but they're nowhere near the AI cloud infrastructure level IREN is at — it doesn't take a genius to figure it out. The market will always have things outside anyone's control: macro headwinds, two-faced message board bears who will soon flip bullish and act like they've been long all along once they switch from puts to calls, and potential deployment issues. But the facts remain.

$SpaceX(SPCX)$ Elon sees SPCX reaching a $500B–$1T annual revenue run rate by end-2027. Big ambition, let's see how it plays out. Among the smaller space companies, which ones could offer bigger upside? Contracts are good, but you can't depend on NASA forever. Budgets change. Missions get delayed. I want to see more customers, recurring income, and something competitors can't easily copy. Cheap, frequent launches, connectivity, data, compute, robots building and fixing things in orbit, on the Moon, and eventually Mars. Plenty of opportunity. Who can turn it into a business that lasts? $Rocket Lab USA, Inc.(RKLB)$  $Firefly Aerospace Inc.(FLY)$ 

$Applied Optoelectronics(AAOI)$ The same dynamic applies to AAOI. LITE's CEO said on Fox Business that even if data center builds slow down, it wouldn't matter much for LITE, since data centers are already in the process of replacing copper connections with optical infrastructure. He also mentioned they're sold out through 2029, with demand doubling in 2027 and 2029.

$Applied Optoelectronics(AAOI)$ Be fearful when others are greedy and greedy when others are fearful.