Just opened my first leveraged short — $400,000 in IONZ, the 2x inverse of IONQ. Felt right to start my career betting against literal science fiction.
IONQ is worth $23.5B on $52M in revenue. That’s a 451x price-to-sales ratio — higher than anything from the dot-com bubble, AI bubble, or even tulips. Q2 numbers? $20.7M in revenue, $177.5M net loss, -708% margin, and burning $340M a year. At this pace, they’ll discover time travel before profitability.
Insiders clearly agree — the CEO cashed out $105M, the CFO and a director dumped nearly everything, and yet retail still thinks they’re building the next NVIDIA while 80% of their revenue comes from government research contracts, not real customers.
Base case: stock back to $5–10.
Downside target: 90%+.
Not financial advice — just shorting quantum vaporware at the speed of light.
Not here to teach — just here to flex my first leveraged short and watch the fireworks. NOT FINANCIAL ADVICE.
