*insiders selling MSTR stock*
Discussion
Yeah I hear ya. It just got overheated too quick and should probably trade at 1.5 mnav max but if bitcoin isn’t in a bear and catches a bid then MSTR will rip
The issue I’m seeing is if bitcoin breaks below 100k MSTR is gonna tank. And it’s looking more and more probable. The insiders selling doesn’t give me a lot of confidence. They are having a cash position in anticipation of a big drop and they have to be able to service all the dividends and the money isn’t coming from the software business. If bitcoin breaks below $70k then they are now below their cost basis and then things get really ugly for MSTR.
Fair points. Just don’t want to be on the wrong side of it when it turns. Looks like you’re using ETF’s to short so at least covers the unlimited risk of a true short