Strategy Stock Sees Selling Pressure As Bitcoin Dives

Benzinga_recent_news02:37

Strategy Inc (NASDAQ:MSTR) shares are under pressure on Thursday as Bitcoin (CRYPTO: BTC) slides again, extending a stretch of volatile trading that has played out over the past few months. Bitcoin ...

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Comments

  • Guavaxf30
    08:55
    Guavaxf30
    Pay attention to this part : "Strategy is currently positioned below all key moving averages, indicating a bearish trend. The stock is trading 12.4% below it's 20-day SMA, 16.3% below it's 50-day SMA and a staggering 53.8% below it's 200-day SMA...." Strategy has broken it's 52 week low and it looks to continue the downward dive. The simple support look is $100, which will be adding pressures to their finanical positions post quarterly results announcement in early February. Add to this, Michael Saylor has been using the cash reserves raised from issuing new debts and equities to buy even more Bitcoin. All substantially above current Bitcoin price. Their balance sheet must be looking awful right now. I am a bear on MSTR. Not neccessarily on Bitcoin, but on MSTR. Why ? Because it is a ponzi
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