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🤷♂️ I made 30% on it, set a stop loss and walked away. Just looked at the chart and it looks dangerous. Skipping bars, RSI 88, I’d wait for a much better entry. I’m playing a pool of high volatility stocks crypto, COIN, MSTR, DJT, TSLA, OKLO, SMR, BTC, DOGE. I’m up 104% in 3 months with plenty of missed opportunities for higher returns. Not all these are good entries right now.
What’s interesting about microstrategy is they primarily buy Bitcoin leveraging low interest debt, sell a BI tool, do consulting, but those are small in comparison to the Bitcoin. And right now they are approaching 900% gains on the 1yr vs Bitcoin at 153%. It really makes you wonder how over valued the market is currently. If the primary driver of the business is Bitcoin how in the world are they almost 6x its performance.
Bought 12/20 400c on Thursday and they’re +275%. Probably better opportunity elsewhere if you are buying commons. The premium on the entire chain has been blown out.
At the same time, YOLO
I am wondering the same thing. I sw someone buy a 750 Call Option today, so maybe there is more room to grow. Also people thought they missed Bitcoin at 50k. Its at 90k now.
That’s true too..I’m sure in a couple of years people will say that they missed at 90k..
When was the expiry for the 750?
Yes. They’re not allowing any new buyers.