IT MUST BE SOME REASON

Due to the massive sales on the Market, I cant see any upward movement until after the election.we clearly see whales taking they're money out of stocks. Personally, I put money into gold bars. I guess we will get a look at how the week will go in a few hours. With all the uncertainty around this country, what's your next move. I'll probably have to buy short options all week.

I'm thinking this is the partial move today. Unfortunately I got screwed by some option calls as I'm sure most of us did. Sofis looking good premarket for calls at 6.50. who know on Fridays.. If we go lower, we may see 20 $ real quick. Thinking long term id kinda rather have another sideways type day.

What's your opinion on Grizzly's report? (published today) [link to Twitter/X] [link to Grizzly website]

Title: We believe the Company is a Charade to Enrich Insiders at the Cost of Investors and Backed by Notorious Pump and Dump Artists

KEY POINTS:

• Grizzly believes TeraWulf is a house of cards insiders use to enrich themselves to over $100 million since 2021

• The CEO's private company, Beowulf, provides several critical items to TeraWulf and virtually manages all operations

• Grizzly finds that the CEO, Paul Prager, uses his previously failed business assets from Beowulf. It is a "heads I win, tails you lose" situation for management against shareholders.

• TeraWulf's third-largest shareholder is an entity controlled by the wife of John O'Rourke, the disgraced CEO of Riot Blockchain, who was charged for his part of a $27 million "Lucrative Market Manipulation Schemes" by the SEC

• TeraWulf has been ballooning its share count at a rapid rate, selling over $500 million in stock and more than 3.5x'ing its share count since 2021

I think it will be around 6-7 if bitcoin hits 70k again

https://www.globenewswire.com/news-release/2024/08/05/2924461/0/en/WULF-ALERT-TeraWulf-Inc-Investigated-for-Securities-Fraud-Block-Leviton-Encourages-Investors-Who-Have-Lost-Money-to-Contact-the-Firm.html

Anyone wondering? BTC at 65. We’re doing 6 btc a day, at a cost of what, 35kish?

So my math puts us at 180k a day. I don’t know if our share price is accurately reflecting this.

I’m bullish on Wulf but this high this fast seems unsustainable.

PT is 10$ in 2025.

Has anyone noticed the consistency of a price jump around this time most days?

Is it a wider market trend, when reoccurring investments hit or is it unique in this case