Author lays out a macro bull case and details long positions in ONDS, IREN, RKLB, OPEN, and AXTI/PGE, citing defense spending, AI infrastructure, space launch, housing liquidity, and domestic supply-chain catalysts.
ONDS — LONG Author argues Ondas's counter-drone defense business is about to benefit as Israel selected its subsidiary for the “Drone Hives” border project, Trump seeks a $1.5T defense budget, and the FCC banned Chinese drones. He claims counter-drone spending is bipartisan and easily funded through FAA, DHS, and DoD, so it will keep flowing. The stated exit trigger is defense budgets stopping or political chaos freezing spending.
Counter-drone defense is about to have its moment. Israel just selected their subsidiary for the “Drone Hives” border project. Trump wants $1.5T defense budget. FCC banned Chinese drones right before Christmas.
IREN — LONG Author argues IREN is misclassified as a bitcoin miner when it is actually an AI infrastructure company, citing a $9.7B Microsoft contract, 76,000 Nvidia GPUs being deployed, 1.4GW of Texas data-center capacity, and Bernstein calling it a top AI pick. He sees two uncorrelated upside paths—bitcoin pumping and AI narrative heating up—while averaging into shares after LEAPS are underwater. The stated position risk is that his calls are underwater, and he is averaging in with shares.
$9.7B Microsoft contract. 76,000 Nvidia GPUs getting deployed. 1.4GW of data center capacity building in Texas. Bernstein called it their “top AI pick” last week.
RKLB — LONG Author argues Rocket Lab is the only real SpaceX alternative and that Peter Beck is executing, with space launch a 30-year growth story. He says he will never sell his shares and plans to hold them for his grandkids.
Rocket Lab is the only real SpaceX alternative and Peter Beck is actually executing. Space launch is a 30 year growth story. My grandkids can inherit these shares.
OPEN — LONG Author holds Opendoor and is waiting for $200B mortgage liquidity news as a catalyst, planning to exit at +10%. He says he is not married to the position.
Waiting for the $200B mortgage liquidity news to hit. Exit at +10% and move on. Not married to this one.
AXTI — LONG Author lists AXTI among domestic supply-chain plays tied to semiconductor materials and critical minerals, arguing America needs this stuff and cannot keep getting it from China. He says geopolitical tension would make these materials matter even more.
Semiconductor materials and critical minerals. Up 42% and 94%. Domestic supply chain plays. America needs this stuff and can’t keep getting it from China. If things go sideways geopolitically, these matter even more.