I made a 51% profit in MSTX wi

I made a 51% profit in MSTX within a week and have now closed my position. MSTX is a 2x leveraged version of MSTR, and while MSTR’s market cap is $100 billion, its Bitcoin holdings are only worth $33 billion, meaning the stock is overvalued by about three times. Given this discrepancy, I decided the risk of holding on was too high and opted to lock in my profits.

Currently, I’ve bought some MSTZ, a 2x leveraged product for shorting Bitcoin. Based on my short-term market outlook, I am bearish on Bitcoin’s performance over the next week. This strategy is mainly due to Bitcoin’s recent rapid gains, which I believe may lead to a pullback.

Citron Shorts MSTR: Would You Bottom or Go Short?

MicroStrategy, known as a "major Bitcoin holder," saw its stock price plummet after Citron Research, led by Andrew Left, posted on social platform X announcing a short position against the software company. Citron argued that MicroStrategy has essentially transformed itself into a Bitcoin investment fund. ----------------- Would you consider bottoming them during a pullback? What's your target price for MSTR?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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