Short Quantum / Oklo
Shorting hype at the peak
Called the top
This was four short positions rolled into one overall theme. Quantum computing and nuclear stocks were some of the hottest names in the market - many doing almost no revenue, yet some reached market caps as high as $50 billion. Shorts were getting burned left and right trying to fade them on the way up. I executed short positions on IONQ, RGTI, and QBTS for the quantum side, and Oklo for nuclear.
I went short near the exact top of these stocks. At the time, it seemed insane - these were the highest-momentum names in the market and sentiment was overwhelmingly bullish. But I saw it in the technicals and in the behavior of retail investors: these stocks were rolling over. The exhaustion was there if you knew what to look for.
I knew they would crash hard, and they did. These stocks are now down roughly 70% from their peaks. While others were chasing the momentum or getting squeezed out of their shorts too early, I was able to time the top and profit from the move down. It was a matter of patience, pattern recognition, and trusting my read on the setup.
