Sold half my 120s June 18 puts for 6.00 that I bought for 2.90. I really did not think it would drop…
Sold half my 120s June 18 puts for 6.00 that I bought for 2.90. I really did not think it would drop this much today. Almost bought calls, but this POS is in a death spiral and I believe people will be selling crypto and markets to have cash for SpaceX IPO. Saylors ponzi-like prefereds are getting crushed. So sad for people who bought into his bullshit. He was selling to retired military.. "forever yield"..my ass he's only got 6 months of dividends left. Some people have lost more than a years worth of dividends. There's NO MATURITY AND NO OBLIGATION TO PAY THE DIVIDENDS. INSANE! He raises the yield he has less cash reserves he has so keep selling the common stock and/or BTC to rebuild reserves. Disgusting what he has done to naive "investors" import lesson on DD Meanwhile his insiders have sold almost 1 billion in stock. This has been a Saylor and his cronies get rich scheme. He's only got about 1500 "employees" had less before. They got rich at the expense of naive gamblers. He told them what he was going to do every step of the way. People need to read filings! JMHO
