What I learnt from MSTR frenzy
Posted: Nov 23, 2024
- Reddit user has been long term investor in $MSTR, purchasing pre-split with a focus on exposure to Bitcoin in equity portfolio
- Experienced loss for about one year, bought at $48.10 (split adjusted)
- Noticed rise in interest when BTC breakout occurred and more companies began looking into similar methods
- Since FOMO crowd arrived, stock trading based on emotion and speculation
- Valuations no longer matter, stock experiences extreme volatility
- Learned to exit when stock goes up and comes down rapidly
- Experienced manipulation through reports, social media, mainstream coverage
- Held position until $543 level, stop losses triggered at $500 level
- Will only return to $MSTR when able to buy at negotiated price, not during bidding war with gamblers.
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