Strategy (MSTR) Hints at Potential Bottom Amid Peak Criticism
When critics shift from skepticism to outright derision, it often signals a stock nearing a bottom. Strategy (MSTR) may be approaching that point—not due to technical or fundamental changes, but because the volume of mockery and anger has reached classic capitulation levels.
Following Sunday night/Monday morning declines in bitcoin and MSTR, Angel investor Jason Calacanis urged followers to sell MSTR and buy bitcoin, calling it “a stunning pyramid [scheme],” while Peter Schiff labeled the stock broken and Michael Saylor “the biggest con man on Wall Street.” Even the Financial Times described Strategy as erratic and disconnected from its rhetoric.
Amid the backlash, Strategy found support around $155 Monday, closed above $170, and climbed past $180 on Tuesday. Bitcoin rebounded from below $84,000 to $90,000. While a definitive bottom is uncertain, the intensity of capitulation is increasingly notable.
