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STRCStrategy Inc 9% Perp Stretch PFD Registered Shs Series A$98.48
24h
+0.17%
6 Aug, 03:35
STRC preferred stock poised for recovery toward 96-98
Bullish+4.65%
AI Summary
The author expresses a bullish view on STRC preferred stock, citing rebuilt trust through buybacks and expecting a move toward 96-98 if support holds.
Was right on $STRC situation and feels great to see it's back on the right track.
Trust has been rebuilt slowly by constant buybacks, even though Strategy needed to sacrifice BTC reserves. That was inevitable.
The next challenge @Strategy needs to succeed at is holding this STRC support zone. So new buyers who got in around this price become profitable holders and earn STRC yield (~12% APY).
If that holds, STRC will finally move toward 96-98 with strong support.