Its Over, page-13442

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    Take an All view of this Michael Saylor's MicroStrategy (MSTR) stock chart, fascinating isn't it...the super boom and super bust x 2 , speculative traders really love this,...and we have many stocks like this too (to a lesser degree) in ASX.  

    When you look at what MSTR did back in 2000,market participants should have counted our blessing at the height/peak of the chart or even after a 20% retracement to call it quits before its spectacular implosion. It is always because people say This Time Is Different.

    As JohnHussman has expressed so often, Mean Reversion is a virtual guarantee , its just that it could take a long time before they show up (and when it does, most do not recognise or want to acknowledge it) ...and yes, bears will eventually exit the scene for a new bull phase...except in the case of MSTR and probably for many bombed out stocks, it had been 20 years in between. The bull returned for Michael Saylor 20 years later and he more than doubled down... now even MSTR is hanging by a thread and alongside it his flagging fortunes.

    MSTR Stock Price and Chart — NASDAQ:MSTR — TradingView
 
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