The wave theory looks especially clean for this stock. Clearly it had a big bubble which is now completed, and it's in a bear market correction at the moment which should lead to lower prices. I am expecting to see a crash all the way to $150 before the year is over! The funny thing is that this isn't even a cheap price either, since it would just be reflecting the NAV value. Falling in half just makes the price fair, since it's already 2x overvalued. 528 thousand bitcoins is worth only 48 billion dollars, while Microstrategy's market cap is is 93 billion dollars. Saylor is going to continue issuing stock to buy more Bitcoins, which will push the price much lower.
Trade attivo
This is a very high conviction idea. I think we will see slightly higher prices before the crash resumes, and I'm averaging into July 18th $350 strike puts for now.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.