No worries, still short MSTR, haven't added any positions to that yet Still holding my sell puts on MSTZ, did the math today, with premiums I collected if I were assigned the shares today my cost avg would be $9.50 ... Next week I will be selling short MSTU above 65.... There market cap of 40 billions and literally little revenue makes zero sense. People buying up shares because they can now use bitcoin gains as an earnings booster is nothing but smoke and mirrors. Like I said every publicly traded company should go out tonight and buy nothing but bitcoin, they don't even have to worry anymore about same store sales, margins, or how many customers they serve, no need to worry about revenue forecasts or profits , apple wouldn't even have to think twice about how many phones they sell a quarter, tesla wouldn't even have to meet sales targets on how many cars they sold quarter over quarter, Netflix could lose 23k subs in 1 quarter and as long as they and every other company held bitcoin they could prosper no matter what, because if the prediction for bitcoin is only up every company putting bitcoin on their balance sheets would just sit back and see their stock skyrocket like MSTR. So basically what we have here is nothing but a magic show!!!
I know Tesla bought some BTC a while back. I know they sold some but not sure if they're still holding.
mstr is a bitcoin holding company now, I think similar to berkshire a holding company Tesla sold 75% (?) of their bitcoin treasury during the bear market in 2022 but I think last year they added to their bitcoin holdings in one of the earnings but it might have been a one-off
Sorry to hear that, mate Some are comparing that buying mstr now is like buying tsla before it got added to the s&p 500 and qqq (around $245/share for mstr to qualify)
The term "investment" gives a false sense of security The safest investment asset in the world is supposed to be US treasuries, and yet in for 3 years when the Fed started hiking rates, it went straight down in value lost 50%, decimated pension funds and banks who were using them as collateral due to their "safetiness" And it went down without volatility, only down down down, no up The USD has no volatility, it just goes down in value purchasing power through inflation and for the past 10 years it has lost 50% of its value Volatility is vitality. Embrace it. Welcome it. NFA
I trade volatility but there are stocks that are within my comfort zone of stability to worry a lot less about (CTAS for example).