This a great example of why simple market cap weighted index investing is stupid. You need to have some other criteria like PE ratio to filter money losers, businesses models where it would be super easy to commit fraud, etc .
The last time I heard something like that, was about 2 years ago. That perma-bear doesn't post here anymore.
You're barking at the wrong tree. Mircrostrategy is a profitable company and produces cash flow from business operations They sold (oversubscribed) convertible notes within the past 4 months, do you think the buyers were too stupid and did not do proper due diligence? Such arrogance from the naysayers here assuming investors into mstr shares and debts are all blind and dumb Maybe, just maybe, they've done more research than all of you since they actually have money at risk
If this strategy supposingly works for mstr how come thousands of publicly traded companies aren't doing the same thing as them???
Are you still short mstr from $700? Did you keep adding more to your short as you said you would? It needs shareholder approval When Saylor proposed to invest all of mstr treasury to bitcoin to the mstr board and it was approved, there was an offer to all shareholders to buy out for a 20% premium, something like that, you can do the research it was in 2020 Ask yourself how many public companies can get that done? There are public companies that own bitcoin in their treasury now, Block, Tesla, Mercado Libre... but none are on the level of the Microstrategy infinite money glitch, i.e. issue debts and shares to buy more bitcoins
When angry people start to use "???", it's a sign they don't know how to carry out a google search. https://bitcointreasuries.com/#public Legacy rules regarding FASB accounting practices have made it extremely difficult for public companies to accurately reflect bitcoin on their balance sheets. This almost made it suicide for companies to try to purchase these assets. Luckily, there has been some progress on this just a short time ago. So expect Larry Fink to be correct on this also when he says there will be an explosion of bitcoin on the books.
I covered that short a while back and went short again just under 1000, yes I held it all the way up to 1800. Was going to average in but didn't since I'm also short MARA and CONL. So once Mstr drop below 800, which it will I'll cover. I'm not worried.
Very respectable of you to admit that It would have been easier to short all of these names during the bear market 2022, or were you shorting then, also?
You sounded very angry/furious/frustrated. What happened? From a technical perspective.... there were 3 mega peaks; Mar 2020 Feb 2021 Mar 2024 So there were a total of 5 mega-trading opportunities : up (to Mar 2020 peak @3300) then down then up (to Feb 2021 peak @1300) then down then up (to Mar 2024 peak @2000) then down? then up? then down? then up? Congrats to those elitetraders who managed to catch those mega movements.