Hey Recyclersteve, MSTR of no interest to you?

[shinnosuke]

Peter
@BTCBullRider
So let me get this straight.

You have:

A) the most profitable company

B) The best performing stock in the entire marketplace for 4 years running

C) An indefensibly large holding of Bitcoin (the most pristine sound money in existence)

D) Can issue billions of dollars of debt at 0% interest to buy even more Bitcoin

E) Has literally the entire $350 Trillion dollar Total Address Market (TAM) bond market as your customers

F) FASB accounting changes

G) QQQ and S&P 500 index inclusion

And STILL you say 3X NAV is a Ponzi?

Good luck then.
12:07 PM · Nov 22, 2024

[Recyclersteve]

Time for another update on my short sales of MSTR.

Trade 1 (outlined above)- net profit of $1,015.43 (10.7%) in 2 days
Trade 2: This was when I went back in Thursday in after hours and shorted MSTR again after it popped some. Friday I covered the short and lost money. Lost a total of $419.54 on this second trade. So my total net profit for the two trades combined was $595.89, less than what I expected, but I gained some valuable trading experience on something I'd never traded before.

Frankly, I thought MSTR would come down sharply in the first 30-90 minutes or so Friday. When it stayed strong I figured I didn't want to hold a short position in this over the weekend and decided to take a modest loss and move on.

There are far too many other things I trade and do better at. I will have to be more selective on this and/or use even smaller position size. I still think this will have a sizable pullback, but trying to time it was more difficult than I thought it would be.

[shinnosuke]

Thanks, Steve. Keep us in the loop if you dabble some more.

Meanwhile on X...
Bitcoin Archive @BTC_Archive
I have NEVER seen Michael Saylor so emphatically, combatively bullish like this in a media interview.

It's like he wants to say "mfer my company is up $100b in 90 days, and we just raised $10b to buy more #Bitcoin this month. You still asking me about volatility?"

Here's the breakdown:

• MSTR may be the most profitable company in the USA and growing the fastest at the moment
• We've made $5.4 BILLION in $BTC gains in 2 weeks
• Thats $500m a day
• Not many companies make $500m a day
• People don't understand our business
• We are a Bitcoin Treasury business
• We expect Bitcoin to go up 29% a year for 21 years
• Market is buying Bitcoin 20x faster than daily issuance
• We either make $3b on this week's convertible bond, or $30b if Bitcoin does what we expect
• I got a $500m order to buy convertible notes in a 20 minute meeting
• Every Bitcoin you don't buy will cost you $13m in the future (expected price)

See the video here: https://x.com/BTC_Archive/status/1859968143000482239