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@iangibbins67gmai. Same as me. Got played today on both stocks thinking mara was the safe haven. Ouch!
Chaebol, like I have said before Mara are no 1 miner , so frustrating to watch btc go from 42 to 70 and go down that’s why I jumped after reading the selling off of shares , I always knew Mara would moon if btc keeps going , iam going to stick with Mara now I can’t b doing jumping around any more , it hasn’t done me me any good ,, tam mara
Lol try being in Mara with a big amount and watch BTC over a few weeks go from 42k to 70 odd k and mara goes down x;) and even worse the 2 companies i have no time for CLSK and MSTR mooned!
I hope I get my cake soon for keeping the conviction.
I was in micro today and have never seen anything like it btc flying and micro crashing Iv made 23% on micro this week , when it was 14% down I thought this s is going to do 20% + so I jumped ship and followed what he thought investors were doing and got in to Mara at +9% then had to watch micro claw some back and Mara drop to + 2 % , terrible day for me but that’s it for me iam staying in Mara now and just waiting , and all this on a day where btc has done ok , it’s absolutely madness
Yeh looks as though some mob is in trouble on a short( it went up hard and fast) some firms must have been harmed in that and some form of fud had to come along and mess with MSTR sentiment. Im not a fan of MSTR or Saylor but no real skeletons or acts of fraud in this report stand out to me.
Brave mob backing btc and shorting MSTR. I have a feeling they getting rekt on that short as well.
Yeah I think the short report is not the reason for the drop. I think it just retraced. The report just says they think the premium is high, which it is, but everyone knows that so not exactly news. End of month/quarter and long weekend also likely suspects.
Short report not all that convincing to me, not very damning. Weirdly you'd think Mstr holders would have already been aware of its whopping premium to underlying holdings, apparently all not to judge by the drop, crazy space we're in.
Hmm - might have spoken too soon on MSTR recovery - who would be a day trader eh?!
Good call longinvestor - looks to be coming back and if bitcoin suddenly rips again there could be a monster short squeeze on mstr
"Hmm - pretty damning report though .. not sure it will just recover after that... maths is maths..."
I think most investors knew how many BTC MSTR has, so it's easy maths, there seems to be plenty of talk about them getting into S&P 500, which would massively increase their SP...
See comments on this https://twitter.com/KerrisdaleCap/status/1773337285062172793
and an interesting look at what entering the S&P could look like https://www.youtube.com/watch?v=I16llak_IS4&t=3192s
Hut figures released today.
Well received and not the car crash that's been reported.
Hmm - pretty damning report though .. not sure it will just recover after that... maths is maths...
MSTR is down due to a short report released today by Kerrisdale Capital
https://www.kerrisdalecap.com/wp-content/uploads/2024/03/MicroStrategy-MSTR.pdf
I suspect it's also an opportunity for some to take profits before the Easter Holiday. I think it will recover later today or Monday so have rotated some funds out of CLSK into MSTR
When I checked yday MSTR had a pe ratio of 55 and MARA was 19. Something had to flip.
Wow - this is really getting ugly now on a daily basis for mstr -11%
Looks like a rotation out of MSTR into miners - no other way to explain the dump of +3% to -4% in less than 30 mins earlier and its not recovered - all this whilst miners are leaping and bitcoin is looking very strong at 71.4k