Michael Saylor speaks...

[savoir]

I just step aside in a bear market. I was in cash in 2008 and 2020. On the bright side I didn't lose anything and had cash when the market turned. even if I was late getting back in.

Nothing wrong with that. I have a mantra that I tell my mentee to repeat: “Long only, without margin, in a bull market.”

I told her to sideline in October last year. She cheated a few times and got stopped out and hung on to a few losers too long. I have her repeat the mantra each time.

She asked me when we will implement shorting stocks into the method. I said not until she makes a million with the method in a bull market.

Have to learn to crawl before learning to run.

 

[deaddog]

Nothing wrong with that. I have a mantra that I tell my mentee to repeat: “Long only, without margin, in a bull market.”

I told her to sideline in October last year. She cheated a few times and got stopped out and hung on to a few losers too long. I have her repeat the mantra each time.

She asked me when we will implement shorting stocks into the method. I said not until she makes a million with the method in a bull market.

Have to learn to crawl before learning to run.

I've had a good run with enery.

There's a bitcoin short ETF in Canada but the big moves seem to occur over the weekend.

Have to admit I'm one of those who badmouth bitcoin and don't have a position. I see it's value as a medium of exchange but not as a store of value. Might trade some if it ever turns around.

 

[savoir]

I've had a good run with enery.

There's a bitcoin short ETF in Canada but the big moves seem to occur over the weekend.

Have to admit I'm one of those who badmouth bitcoin and don't have a position. I see it's value as a medium of exchange but not as a store of value. Might trade some if it ever turns around.

We have the bear market. Bitcoin is the bear market on steroids. No Bitcoin ETFs here in the USA. I liked MSTR and SQ as proxies. For stocks I liked BA and DIS.

 

[Baron]

Michael Saylor insists that MicroStrategy is not at risk of liquidation despite the recent Bitcoin crash.

The MicroStrategy CEO retweeted a May 10 post today in which he laid out the company’s financial situation. In the original post, MicroStrategy claimed that it would only be at risk of getting liquidated on a $205 million loan it received to buy Bitcoin if the asset fell below $3,562. Even if it did crash to the $3,562 level, MicroStrategy “could post some other collateral” to avoid liquidation, Saylor said on May 10.

Bitcoin has had a shaky week after falling to its lowest level since December 2020. It’s currently trading at around $22,500.

In response to the market volatility, Saylor has reiterated that MicroStrategy is taking a long-term view to its Bitcoin holdings. “When MicroStrategy adopted a #Bitcoin strategy, it anticipated volatility and structured its balance sheet so that it could continue to #HODL through adversity,” Saylor wrote, referencing the “HODL” meme that refers to “holding” onto coins through volatile market conditions.

MicroStrategy is the largest independent publicly-traded business intelligence company in the United States. The company started investing in Bitcoin as a treasury reserve asset in August 2020, citing a weakening dollar and global macroeconomic conditions.

According to its First Quarter 2022 Financial Results report, the company owned a total of 129,218 Bitcoin worth $2.9 billion at today’s prices as of Mar. 31, 2022. Its average purchase price is around $30,700, which means Bitcoin would need to fall another 27% for the firm to see a paper loss on its investment.

Other documents also show that 19,466 Bitcoin from MicroStrategy’s stash has been pledged to Silvergate Bank for collateral on the $205 million loan it received to add to its Bitcoin reserves. The collateral value at the time was $820 million; at today’s prices it is closer to $440 million. 95,643 of MicroStrategy’s Bitcoin remains unencumbered, meaning the company still has over $2.1 billion to pledge as collateral.

MicroStrategy’s stock (MSTR) is trading at $164.57 at the time of writing, up 7.79% on the day. Despite the uptick, the stock is 87% short of its February 2021 all-time high of $1,311.

 

[The_Krakenite]

You guys made me take another look at MicroStrategy. Tempted to buy the sell-off, but I just don't know what to do with the stock. No dividend payouts, and negative EPS.

Things were much different when everyone panic-sold off OIL equities and Cathy Wood was saying how oil is going to stay below 6 bucks a barrel (or something like that). Of course, I dived into oil stocks... But I knew I'd be getting positive EPS and dividend payouts, even if they were temporarily reduced.

 

[SunTrader]

Nothing wrong with that. I have a mantra that I tell my mentee to repeat: “Long only, without margin, in a bull market.”

I told her to sideline in October last year. She cheated a few times and got stopped out and hung on to a few losers too long. I have her repeat the mantra each time.

She asked me when we will implement shorting stocks into the method. I said not until she makes a million with the method in a bull market.

Have to learn to crawl before learning to run.

Sorry but that's ridiculous.

Bear market could be around for years. Could be.

Too bad for her?

 

[JackMorgan]

Longs in MSTR from 1300

or whatever the high was , have already been liquidated.

 

[The_Krakenite]

Alright, I'm tempted to do something Buffett says don't... 'don't waste money'. lol.

Maybe I'll buy just one share @ $150 CAN so I can ride along with the drama. If she implodes, thats 130K bitcoins that will be liquidated into the market, causing a flash-crash we have not seen the likes of since the 2010 equities fiasco. So I should set limit-buys for BtC at those double-digit prices just in case it spikes down. I've missed a lot of these bottom-feeding flash-crash snatches over the years.

If she holds... then it can work out as a great trade. So... this is how I can talk myself into a win-win situation. Haha..

 

[deaddog]

Sorry but that's ridiculous.

Bear market could be around for years. Could be.

Too bad for her?

Why? She and I are not going to lose any money. With interest rates rising we can stick the cash in a daily interest rate account and even make a little.

 

[SunTrader]

Why? She and I are not going to lose any money. With interest rates rising we can stick the cash in a daily interest rate account and even make a little.

No matter how long bear market lasts?

You are looking at recent past history. Look further back.

I have no idea how long it will last. I just know the possibility exists that it may last a lot longer than most think it will.