MSTR has the setup to make a move similar to Jan/Feb of 2021.
Needs to clear 658 for this to activate.
- initial target 658 by 1/3/2024 - If it breaks this next target is 781 (gap fill) by end of Jan. 2024 - If both of the above hit it will get insane from there, 1300+
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About to test the 658 today. Wow.
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Lets Gooooooooooooooooooooo
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Loading up on Jan 19 680 calls (12:46pm 1/5 underlying 640). This is about to begin run to 780 by end of Jan 2024. Needs to clear the following resistance:
644, 649, 658
Breakout level is 660, gap to fill at 680... what could go wrong lol
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Once this re-breaks 658 we're off toward 1000+
Targets: 700 by 2/16 1000 1315
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All 3 targets taken out like butter. This thing is insane #MikeySayler
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After looking at this a little closer today, my next upside target is 1929.
It could still pullback to 1567 before taking off again, but if it breaks back above 1710 its ready to rip to 1929.
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We hit 1909 - still trying to take out the 1929 target.
If you're not starting to take profits here you're a pig.
Saylor dumped a huge amount of stocks of his own company and so did I today. I think the ETF decision (regardless if it's negative or positive) can be very bearish for MSTR. At least in the short-term.
JerryManders
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@p4917, I saw that, and honestly I expected this to be bumpy, hence the title "Sailing on a Rocket ship" with Saylor as commodore... Do you think his selling was the signal 'we're done' or simply a genuine sell since his options expire in April '24?
p4917
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@JerryManders strangely didn't see this comment. ;-/ However, after staying on the sideline for a month, I've reentered MSTR now - entry is a few $$ higher than if I've stayed the whole dip in. Insider selling is a concern, but I think the hype (S&P) is still high enough that MSTR, in the worst case, simply won't outperform IBIT. But I don't think they'll get destroyed by the ETFs.