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| A pull back tomorrow or for a few days wouldn't be surprising seeing as how fast the stock has risen. However the ranking day for the Nasdaq 100 takes place on NOV 29th. What ever a eligible companies market cap is on that day determines how much the index allocates to the stock, the higher the more money allocated. I personally believe that is on the MicroStrategy treasury boards mind and they are trying to get as large as a market cap as possible by that ranking day. They will likely continue to buy more bitcoin from now until than in a attempt to boost the ranking while driving up hype.
Since the 10th of the month they have already bought 7.6 Billion in dollars worth of bitcoin resulting in a total purchases of over 79 thousand BTC. Mind blowing numbers.
Than there is the typically front running of a stock that is about to get added to a major index. | |
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Rid of Pfizer --more MSTR
