1Wk·

The air is out

$3350 (-9.76%) became a meme stock within 2 days. Congratulations to everyone who took their winnings in time.

The thing has been put through the meat grinder once and in my opinion is through for now, at least as far as such extreme rises are concerned.

14 Comments

D.S.@Cato_Bamboo

1Wk

How do you substantiate this claim?

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MH711@MH711

1Wk

@Cato_Bamboo That's my assessment at the moment and that's why I'm watching from the sidelines for now ;-) I got out with a very good profit at a good time for me. But I also hedged accordingly in advance with a trailing loss. What underlines my reasoning is that the price has plummeted by almost 400% within 24 hours and I can no longer imagine a similar pump in a similar environment (short squeeze), but let's be surprised

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Charmin@Charmin

1Wk

@MH711 By almost 400 percent? Wow, that means I get money now when I get the thing! :-D

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MH711@MH711

1Wk

@Charmin Try it out and report back ;-)

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Charmin@Charmin

1Wk

@MH711 Great, now I've had to pay 20k euros! I want my money back!!!

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Max@bullish999

1Wk

Going up again. Would now increase sharply. There are real opportunities lurking

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Patrick@Pazi3

1Wk

@bullish999 because? Justification would be great 😉

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MH711@MH711

1Wk

@Pazi3 "trust me Brudi" :-)

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Sansebastian@Sansebastian

1Wk

@bullish999 then stick it out.

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PaulPK@PaulPK

1Wk

@Pazi3 Because the current BTC holdings alone justify a price of around EUR 14.

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Patrick@Pazi3

1Wk

@PaulPK that's quite an announcement 💪🏼
I would expect something like that.

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Charmin@Charmin

1Wk

@PaulPK Huh?

They have just under 8,000 Bitcoin. So that's worth a billion. 600 million shares. That's a price of 1.66 per share. They are still DEEPLY overvalued. A LOT. Theoretically anyway. The market does what it wants anyway. It will still be a fidget. Most will bleed, some (strong hands) will make a killing.

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PaulPK@PaulPK

1Wk

@Charmin This is about the ratio of BTC coverage to $MSTR price, which follows the same allocation strategy. If you use pure BTC as a basis, it makes no sense to buy the stock - you can just buy BTC.

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Charmin@Charmin

1Wk

@PaulPK huh? You wrote that their stock justifies a price of 14 euros. And that's nonsense at best. The price of another memestock (strategy) is not a key figure ...

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