The Feed / IREN / #006397
SELL · IREN

Sell IREN by May 15, 2026.

A
AdStunning7419reddit
via r/wallstreetbets
· Published May 7, 2026 13:55 · Valid until May 15, 2026 · SUCCESS
Entry
$60.98
Final
$50.30 -17.5%
Target
Score
+1.00
IREN is up \~90% in 5 weeks ($31 → $60) into Thursday’s Q3 FY26 print and I think this is a textbook sell-the-news setup. The biggest bullish catalyst everyone’s chasing — the 1.4GW Sweetwater energization — physically happens in April, which is Q4 FY26, not the quarter being reported. That means the actual numbers tomorrow can’t show Sweetwater impact; best case is bullish forward commentary, which is already priced in at $60 with analyst PTs averaging $72 and B. Riley …
— ORIGINAL POST · Fading $IREN into earnings - Puts & Shorts is the way to go · r/wallstreetbets · May 7, 2026