------182 PE and climbing This is so extremely overbought it makes all dot com stocks from 1999 cheap
Would you have sold short Commerce One in 1999 at -infinity P/E? There was a massive B2B bubble back then, ironically MSTR was a B2B play back then as well.
Seems mstr has been around these bubbles before, mstr dropped significantly back in 2000. Traded no where up until bitcoin purchases. If you removed bitcoin from mstr, mstr would be worth no more than 10 dollars a share. Maybe 12 bucks. Earning quarter over quarter and year over year do not represent a market capitalization of $75 billion...
So look at bitcoin...tonight up .42% Mstr up 2.57% 6x So we are looking at a 3x-6x move in mstr shares ..... I just want to know what happens when bitcoin loses 20%, mstr could easily drop 50% the risk to reward isn't worth it when bitcoin collapses and mstr is holding on....remember they said they will not be selling bitcoin so any bitcoin they buy will be held forever.
All insiders selling throughout the year, recently as of November 14th! Quite fascinating. https://www.nasdaq.com/market-activity/stocks/mstr/insider-activity
Its still an up cycle and going short just isn't a good idea. The time will come when the price unravels but it isn't right now. What is the trigger for a Bitcoin collapse? It seems that it moves mostly with the liquidity train but that would require austerity in the US and it seems the US has chosen MMT over austerity. Only the Bond market can stop that train or a recession. Will the Bond Vigilantes rise up? I brought up Commerce One because that was a favorite of short sellers back in 1999 & they all got killed until March 2000 when the cycle ended & the bears rejoiced.
You could go back to 1999 2000 the rise was thought to be endless and on going...no one saw the dot com bubble collapsing , just like the housing bubble, i remember the euphoriaand everyone saying buy and then one day it all ended, it did eventuallycom back but took over a decade plus.....you honestly won't know the markets are broken...by tbe time you realize this they would be down 18 23 ...32%....
The trigger for a bitcoin collapse? There wasn't a trigger last time. November 2021 topped around 68000 and swoosh it went falling 80%. .... Even if this swoosh isn't 80% it will be a big gigantic 50%. Even a 20% drop that would take it down to around 75k would instill much fear into bitcoin holders, meanwhile it's up thousands of percent in the last decade.