Van Dec 8th 2020 GBA went short MSTR! It was $360+
SHORT REPORT!---MSTR
A) Citi downgrades MicroStrategy to Sell on 'overextended' rally, bitcoin focus 07:40 MSTR Citi analyst Tyler Radke downgraded MicroStrategy to Sell from Neutral with a price target of $250, up from $200. The recent rally in the shares is "overextended," says Radke, who sees "incremental risks to the story" following an announced $400M convertible note to fund even more bitcoin purchases. Recent insider selling has been "significant and broad based," and suggests shares may be overvalued, Radke tells investors in a research note. Much of the management team may not be as optimistic on bitcoin or MicroStrategy's fundamentals as CEO Michael Saylor, he adds. Radke is concerned that the company could be losing focus on execution with CEO Saylor's "disproportionate focus" on bitcoin.
