$Droneshield Ltd (DRO.AU)$ this is looking real good. we hav...

LittleSoldier : What do you know about mstz?

10baggerbamm OP LittleSoldier : it's a 2X leverage inverse to microstrategy so in a nutshell if micro strategy falls 5% this ETF would go up by 2X or about 10%.

LittleSoldier 10baggerbamm OP : Well I saw no hope in MSTR and pulled out with a huge loss for me and dumped into MSTR. So my question is was the a better move considering?

10baggerbamm OP LittleSoldier : well I think it'll probably go up today (the inverse) but coming into the new year the closer we get to the inauguration more focus is going to be on what will president Trump do when it comes to crypto / Bitcoin.
unless you think Bitcoin is going to be 70,000 near term I think you're really playing with fire with that inverse I think it's very late in the game at this point because at 260 270 pricing microstrategy common stock has wiped out the entire bubble that was generated November 5th on. so unless Bitcoin were to collapse down to 70,000 which is a solid support line I would be very very cautious I think that's an aggressive purchase that you did yesterday. it would be very easy to see microstrategy gain $50 in 2 days at this point. I'm actually looking to buy The leverage ETF today on weakness and sell puts for this Friday and next Friday that are about a dollar to a $1.50 under the market.
again it comes down to bitcoin got to you know call it $90,000 with an administration that hated Bitcoin hated crypto the head of the SEC all of Congress everybody is about total control they want to take away your rights your liberties display what they say that's what their actions show so now you're going to have a new administration that's pro crypto a president that's pro crypto the head of the SEC pro crypto what's that Worth to the price in the coming year I think it's going to be significantly higher.
the leveraged ETF was 18 bucks a couple of weeks ago there's no fundamental change in microstrategy aside from purchases that Michael Saylor made that were he top ticket at 106 and then earlier this week but he's never timed it perfectly ever you can go back and look at his purchases relative to what happened to the price most of the time is purchases happen and the price fell.
so again unless you think bitcoin's going to collapse to 70 I really think you're playing with fire that's just my opinion

LittleSoldier 10baggerbamm OP : I’m not planning on any kind of long term one or two days max, in an essence trying to recoup some of my losses. Personally I know BTC will take off after Inauguration Day!