When the table gets hot (be it Blackjack, Poker, or a stock), it’s always wise to call it a night and take some money off the table. If you ever feel the need to constantly check stock prices throughout the day, then emotions may have taken over a sound thesis, and a position may have grown too large for its own good. That is exactly what most investors in Strategy Inc. (NASDAQ: MSTR) are feeling right now.
And they should, since the company has declined by 13.4% over the past month alone, whereas Bitcoin (the one asset it holds) has declined by only 6.2% instead. For anyone that doesn’t speak finance, this can be seen as a beta closer to 2.0, meaning whatever Bitcoin does, Strategy will match it by twice as much, if not more, when investors factor in the emotional side of a small panic.
