MicroStrategy Incorporated Class A (MSTR)

I am adding to , and shorts now. Baby steps, though, as I average in on strength.

My short of Bitcoin related securities got a Bronx Cheer yesterday in our Comments Section.  Nonetheless, I plan to add to my shorts in , and  today - and recommended to buy by three panelists on CNBC's Fast Money last night!

I'm calling B.S. on Bitcoin. As I have expressed over the last few years, I believe that Bitcoin is the ultimate gewgaw. I fully recognize that my view of Bitcoin is increasingly a minority viewpoint.   This week I began to short a package of digita...

While this is not new news, overnight the People's Bank of China (PBOC) put to print that all crypto-related transactions are illegal and financial institutions aren't allowed to offer services.   China also vowed to crack down on digital mining.   ...

In our Comments Section I cautioned a few subs who were interested in shorting MicroStrategy  at $600/share to be patient. The shares are now approaching my short level. Will keep you all advised of any action I take!

I remain a steadfast bear on digital currencies.   This morning, Bitcoin breached $30k to the downside.  MicroStrategy remains an investment short.

Bitcoin peripheral equity plays are getting schmeissed - as , , , , , etc. are being taken to the woodshed. I remain negative on bitcoin and digital currencies. See the Podcast of the Day.    

* I continue to call B.S. * I am eyeing a short in MSTR on any further strength  Two weeks ago I wrote critically about an apparent falsehood that popular financial maven Suze Orman made up on CNBC and on other high profile media platforms regarding...

* "Group Stink" stunk up the joint in the first half of the year * The last half of the year likely holds some more surprises as the bull market in complacency could peak * Look for the unexpected As we move this week to the end of the quarter, and ...

George Noble just emailed me this: “You read that correctly – $71,275 per bitcoin. The price of bitcoin is in the low $30,000s overnight. Therefore, the market is assigning more than twice the value to MicroStrategy’s unsecured classes than the unde...

* The magnitude and swiftness of the decline in digital currencies has been eye opening and has accelerated over the last few days despite the strong protestations from its supporters * Bitcoin again dropped overnight (-25% in the last week) and the...

I have written a lot about MicroStrategy's suboptimal and potentially dangerous strategy in buying more and more Bitcoin since last August - most recently in my Diary last week.  Not surprisingly, this morning, the company announced the acquisition ...

* Tops are processes (bottoms are events)  * Investors are remarkably complacent - with no one, save Perma Bears, looking for a meaningful market decline  * The market silliness is now deafening as the (motley) fools rush in at the end of a speculat...

* Not to the moon, Alice! * Steer clear of MicroStrategy and be skeptical of what "talking heads" are selling There are #Bitcoin whales, but in Michael Saylor's case Bitcoin is the whale, #MicroStrategy is the Pequod, and he is Capt. Ahab. His obses...

I will be writing more on Suze and MicroStrategy tomorrow morning:  Mark Anthony  Suze Orman Deja Vu? At the height of the Dot.com bubble, Suze Orman appeared on CNBC. A caller asked her opinion of initiating a Trading position in QQQ. She said "Sur...

Yesterday on CNBC, popular financial host Suze Orman said she purchased Bitcoin through an initial investment in MicroStrategy made on June 5, 2020 at about $125/share.  The problem with that statement was that MSTR had not yet disclosed its holding...

"Just one more thing.' - lt. Columbo   MicroStrategy files for a possible stock shelf offering.    

Oh, my goodness (watch this closely!) ... actually, to me, and in reality, fiat money has become mostly and generally virtual. MicroStrategy has a doomed strategy of accumulating bitcoin in a leveraged fashion, imho: #Bitcoin let’s you save your mon...

* The market silliness is now deafening as the (motley) fools rush in at the end of a speculative cycle * I see a pivot in monetary policy and disappointing (relative to consensus) 2022 S&P EPS * There is a possibility for a broad valuation reset lo...

MicroStrategy has been one of my favorite shorts. It's a company that parades as a software enterprise that is really a levered bitcoin play. And, as you will see shortly, I am manifestly bearish on bitcoin: Bitcoin-backed junk bonds: https://t.co/i...

Though NYSE breadth is 17-3, I see a sea of red on my monitor.  Ns over Ss.  The most speculative gewgaws are the upside feature ( , , etc.) while digital currency related issues (as cyrpto appears to be rolling over) continue to be downside market ...