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.
Modify on 2024-11-22 13:48
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50% profit on a 2x ETF—nice work! Just curious, how far do you see the downside going?
Thank you for your insights!
What’s your target price for MSTZ? Welcome to share your winning trades! 💸📈