🚨 LIVE NOW: COIN, OPEN, IREN, CRWV EARNING REPORT 2026
In a Nutshell
Trader live-streamed earnings reactions for speculative stocks like OPEN (missed EPS amid housing woes, holding on meme momentum), CRWV (53% EPS miss, down 4-5%), IREN (overbought but resilient), and COIN (613% EPS miss, biggest loser). Took profits on SNDQ ($7,800), small shorts on CRWV ($500), IREN ($260 open), and OPEN (down $120 open), emphasizing small positions, no leverage, and avoiding fights against momentum in irrational markets. Promotes free live trading tomorrow and tools like Investing Pro for analysis.
These notes were generated by AI and may contain inaccuracies.
Today, May 7th, several speculative companies are reporting earnings with a disconnect between fundamentals, technicals, and what they produce. Markets are trading at elevated levels in irrational times. Took profits on a small position that consolidated all day, sold off slightly, then recovered into the close. Fully closed it out except for one lucky share, resulting in a break-even trade. Big trade today was on SNDQ, fully closed for $7,800 profit, though closed a little early as it retested previous highs and ran up another 5%.
Open Door reporting earnings with market expectation of negative 10 cents per share. Reported fair on adjusted EPS, 27% revenue surprise. Housing market is not doing well. Open Door is like a glorified house flipping fund using AI to lowball homeowners and charge fees. Not profitable in a long time, especially in unfavorable conditions. Reported $1.3 billion loss from selling poor inventory. New CEO, new management, new vision, but same issues. Good at marketing, ran from 50 cents to $10 highs, has meme-like qualities and cult-like following. Could rally to $8-$10 or break $4 support and head to sub-$1 on terrible earnings and guidance.
CoreWeave inflated on larger time frames, nice run-up testing previous highs, volatile: runs up, sells off repeatedly. Overbought but doesn't need to crash in speculative times. IREN also reporting, overbought. No positions yet. INTC testing previous lows. Coinbase at common resistance. Took 1,000 shares short on Coinbase ($5,000) right before close for fun, to have skin in the game.
Markets closed. Slight drop on Open Door, IREN up 1-2.3%. IREN produces revenue, high P/E but turns a profit on net income, less speculative than others. Closed small CoreWeave short for $500 after it broke support. SanDisk still running strong despite reports of an attack, up 1% after hours, then 4.3% in 20-30 minutes.
IREN up 4%, opened small 100-share short (<$6,000) at overbought area. Incredibly speculative but great momentum, no options or leverage, small day trade position. Added another 100 shares short. Open Door popping back up. Used limit orders, set to cover at $56 for remaining 100 shares (total 200). CoreWeave pushing with strong momentum when direction favorable, avoid trading against. No market orders after hours.
Open Door reported terrible earnings, missed EPS. CoreWeave missed by 53%, 5% revenue surprise, huge EPS miss—can't disappoint at premium valuations. Coinbase terrible earnings: 10% revenue miss, 613% EPS miss, biggest loser. IREN surprisingly holding despite reports. Took small shorts on IREN and Open Door for fun, controlled size. Closed IREN short partially. Open Door holding due to strong following like GameStop meme stock.
CoreWeave down 4-5%, Coinbase dropping after initial hold. SanDisk incredible momentum, hard to trade against, careful buying at elevated levels—speculative assets crash hardest if markets drop. Companies like GameStop and eBay disconnected from business performance, resort to trends like AI or Bitcoin instead of scaling business. Nvidia and Apple don't need gimmicks, generate revenue and profit.
Open Door failed for years in worsening housing market, too expensive, rarely short it except for fun. All companies missed: Soundhound, Airbnb, CoreWeave, Coinbase on EPS/revenue.
Biggest winner: $7,800 on SNDQ. Small gains: CoreWeave $500, SanDisk $260 (open), IREN barely up $260 (open), Open Door down $120 (small, open). CoreWeave most active after hours, Coinbase biggest loser. Subscribe for free live trading session tomorrow at market open (30-60 minutes) to see thought process. Join LPP via discount link. Use Investing Pro (first link in description, <$10/month) for deeper analysis. End year green.
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