MSTR nice thesis from Sunday Scan for downside. The leveraged buying of BTC on the way up works great for them, but now with dilution and attention elsewhere and BTC just consolidating or dropping everyone loses their appetite for the stock. I see more downside into the mid 250 area if BTC drops into the 80k range.
Tomorrow should have some action and the small caps have been really great on the long side. Caught a few quick ones today but I’m on and off desk this week traveling so hard to babysit the positions to get their full potential. I really want to see how the quantum names do later on this week to see if 2025 profit taking starts on these runner.
NVDA good relative strength in this market. Some chip AI demand news came out which is boosting parts of the sector.
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