Down $143K from the peak on NBIS. Adding on the way down. Regarded or early?

Alright degenerates, let's talk about my favorite money incinerator, $NBIS.

The damage: 1,370 shares. Down $24K today alone. Down $143K since the June 22 top. Watched a third of my gains evaporate in two weeks because Zuck sneezed. Still up 387% on the position because I bought this thing in the $30s and apparently have a medical inability to take profit.

Why we're bleeding: Bloomberg dropped a report July 1 that Meta wants to sell its excess compute ("Meta Compute"). Market decided Nebius's biggest customer is now its biggest competitor and the whole neocloud sector got sent to the shadow realm. NBIS and CRWV both nuked.

Why I'm not selling and actually think this rips:

1. Meta literally signed a deal worth up to $27B with Nebius in MARCH. $12B dedicated capacity, $15B optional. You don't hand your "competitor" $27 billion. Meta reselling spare GPUs is not Meta becoming AWS.

2. The company is drowning in demand. Contracted power went from \~1GW last August to 3.5GW+ now, targeting 4GW. 1.2GW site locked in Pennsylvania. New data centers in the UK, Finland, and France. Daddy Jensen put $2B of Nvidia money in. The fundamentals did not change. A headline changed.

3. Here's the fun part: short interest is around 24% of float. Almost a quarter of this stock is sold short after a 35% drawdown. Q2 earnings land inside the next few weeks. You know what happens when a 24% shorted stock beats earnings. You've all seen this movie.

4. It joined the Nasdaq-100 in June, so index funds are forced buyers now. Aschenbrenner's AI fund owns 5.6% of the company.

And before you tell me $300 is copium: this exact ticker went $200 to $300 in five weeks in May and June. No squeeze fuel, no catalyst. It just did it. Now it's back at $195 with 24% SI and an earnings print loading.

My prediction: shorts press it to the $180s, shake out the paper hands, then it turns on a dime and we're back above $300 by end of August. If I'm wrong, screenshot this and roast me. If I'm right, I'm buying a spoiler for the 911 with the gains.

Positions: 1,370 shares NBIS, no options because I'm not THAT regarded.

Not financial advice. I eat crayons.