MSTR stock is down 60% from July (from $450 to $180 / share), I sometimes wish I had the courage to short this :)


If it's any consolation, I was thinking of shorting this stupid business when it was about $120, about a year and a half ago, when it had fallen back from its irrationally exuberant peak of about $150 - I figured it would head right back to low double digits, where it belonged. I didn't, because I swore of shorting after many losses. If I had had the 'courage', I would have had some serious stress when it was over $400 later the same year, and again as recently as July. If it goes to zero, we will all feel stupid for not having shorted it, but this is the terrible reality of shorts - you can be right, and they can still kill you.

I think a better idea is to buy a long-term (say 2027) put, on a day like today when the stock is up strongly, and use that as entertainment vaue (not really as an investment), instead of shorting. Less bragging rights, but better sleeping at night.

Regards, DTB