BD Investing · Jun 19, 2026

Why I sold $IREN

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The IREN Bull Case Is Huge, But So Are the Risks : The AI Data Centre Trade Is Getting Crowded

Why I sold IREN for 38% gain (trimmed by 50%)

I trimmed 50% of my IREN position.

Main reason: the stock keeps struggling around that $55–$65 resistance zone while names like CIFR, WULF, NBIS, and CRWV are all showing much stronger breakouts. When the rest of the AI power/data centre trade is moving and IREN is lagging, I have to respect that.

BUT HERES THE RED FLAG

Read on bdinvesting.substack.com ↗

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