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re: Anyone buying MicroStrategy Inc (MSTR)?

Posted on 12/6/20 at 7:47 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 12/6/20 at 7:47 pm to
quote:

Easy. The Feds ban it.

Companies adding it to their balance sheet makes that less likely by the day. If more companies go down this path, I just cannot see a government arbitrarily banning it.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 12/7/20 at 3:18 pm to
CEO Michael Saylor is a madman

quote:

zerohedge
@zerohedge
·
14m
*MICROSTRATEGY TO OFFER $400M OF CONV SR NOTES

Buying even more bitcoin


News Release
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
8248 posts
Posted on 12/20/20 at 1:12 pm to
Saylor and Elon Musk are tweeting each other this morning.
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3061 posts
Posted on 12/21/20 at 8:56 am to
'Go on take the money and run, woo-hooo-hooo'.
Posted by ynlvr
Rocket City
Member since Feb 2009
5091 posts
Posted on 12/28/20 at 1:54 pm to
MSTR up 16% today. Up from about $150 when originally posted to $375! Something is working.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 1/3/21 at 11:25 am to
MSTR is going to have a huge pop at the open on Monday
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 1/6/21 at 9:25 pm to
quote:

Still plenty to run if Bitcoin keeps doing what we expect it to do into late 2021. I'd guess another 80%-100% if we get get to $55k bitcoin

Welp we have blown by my 100% guess and we aren't even close to $55k bitcoin. Maybe I should have said it had another 300%-400% potential if we get to $55k bitcoin...
Posted by Pendulum
Member since Jan 2009
7608 posts
Posted on 1/6/21 at 9:33 pm to
The only way for all this money to get into bitcoin and avoid investment mandates, might be a better play than bitcoin itself in a short time horizon.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11670 posts
Posted on 1/6/21 at 9:35 pm to
Lol you see the AH price right?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11670 posts
Posted on 1/6/21 at 9:36 pm to
I think it could be the only way to play it with leverage that I've found besides the futures themselves. The premiums are insane though.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 1/6/21 at 9:39 pm to
Breaking $500 after hours. Insane

My one concern here is that MSTR takes a big hit when a real Bitcoin ETF is approved for trading. Currently MSTR is being treated somewhat like a bitcoin ETF for people that don't want to own/store bitcoin and funds that have regulations against buying bitcoin.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/6/21 at 9:44 pm to
Yeah. Might as well own BTC if you wanna play the game IMO
Posted by go ta hell ole miss
Member since Jan 2007
14026 posts
Posted on 1/7/21 at 9:13 am to
quote:

I think it could be the only way to play it with leverage that I've found besides the futures themselves. The premiums are insane though.


It’s the only way I have found to have a leveraged play. Agree the premium right now makes it cost prohibitive for me. I really do not want to go further into it on margin at these levels, but might be kicking myself in six more months for not adding more.

Interested in other ideas with lower premium.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/7/21 at 12:17 pm to
who was it that downgraded microstrategy after they put btc on their balance sheet so I can ignore them forever
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 1/8/21 at 7:31 pm to
LINK

quote:

$MSTR Morgan Stanley just bought an 11% stake. LOL. There is going to be no supply of this stock soon. Infinity squeeze comin


Morgan Stanley now owns 11% of MSTR which equates to ~$300 million of bitcoin
This post was edited on 1/8/21 at 7:33 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/8/21 at 7:33 pm to
That’s fricking huge
Posted by Pendulum
Member since Jan 2009
7608 posts
Posted on 1/8/21 at 8:02 pm to
Of course this news hits after trading on a Friday.


Wait nvm, I can just skip all this other bs and buy bitcoin directly.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/8/21 at 8:17 pm to
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/8/21 at 8:20 pm to
why wouldn't they just buy bitcoin
Posted by Pendulum
Member since Jan 2009
7608 posts
Posted on 1/8/21 at 8:23 pm to
Probably a lot easier to convince a big board of old school investors to buy mstr than bitcoin. Their loss.
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