Posted 4/3/2024, 2:28:06 PM
Report Questions if MicroStrategy's Bitcoin Bet Makes Its Stock Overvalued, But Author Warns Shorting Moonbound Stocks Is Risky
- Report questions if MicroStrategy (MSTR) is overvalued compared to its Bitcoin holdings
- Author argues it's risky to short stocks in a bull market, even if arguments make fundamental sense
- "Dumb traders" who keep things simple and follow the trend tend to make more money
- MicroStrategy allows some investors to gain exposure to Bitcoin where direct crypto investment is restricted
- Author believes shorting stocks that are "going to the moon" is risky, even if overvalued
