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u/Dadraik
23 hours ago
Epic DD Analysis
๐ BTBT $1c 8/21 โ The miner nobody's pricing right because it also owns 70% of a company nobody's looking at. earnings thursday. LFG ๐
BTBT position -
Fellow regards, BTBT is a miner getting crushed with the rest of the sector. The why was "an analyst raised the target three weeks ago and nobody noticed." so we bought calls. here's the ape case.
BTBT. Bit Digital. $1.31 a share right now. 3.9th percentile of its own 52 week range. basically at the floor.
Everyone's miner bag is bleeding because the big coin fell off a cliff from $126k to $67k. Cool, painful, whatever...
BTBT owns **70% of a company called White Fiber.** BTBT stock is priced like it's just a busted miner. It is not.
Craig-Hallum (real analyst, real firm, not a guy on stocktwits) raised the target from $3 to $3.50 in late July. Note that this is AFTER the bad news, not before. Current price $1.31. target is $3.50.
Here's my position:
$1.00 call, expires 8/21. $0.35. 4 contracts
breakeven is $1.35. It needs +3.1% to print. Historically this stock moves an average of 5.49% on its own earnings days (this is for the last 4 quarters).
Earnings drop THURSDAY.
5 analysts covering it. 5 analysts say buy. Ain't a damn one saying sell. The floor under this thing is basically the whole reason: Somebody with credentials looked at the wreckage and said "no, this one's worth more."
๐๐๐
This is not financial advice, we're two regards running a fund out of a bedroom trying to buy an island, do your own research, this is what WE did with OUR money and we're stoked about it.
LFG. ๐