I prefer calling the fidelity broker papers I have from 1988, mailing a check that takes a week to arrive, a business week to clear, and another business week for their guy on the NYSE floor to manually enter my stock trade, another week for confirmation to arrive back, and then get NAV updates the next business week via mail.

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OP, this was less than 10% of your NAV. You demonstrate an unacceptable level of risk management. Clearly not a WSB regard

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Interesting! A faulty premise overall, still, I think. It’s impossible to predict BTC or MSTR - either can and have run up wildly and not in concert with one another. During the last cycle, MSTR’s premium to NAV got up to 6x with turbulence along the way. An unfavorable R/R, further complicated by the current aspirations of Saylor for Microstrategy and the accelerating adoption of bitcoin. I didn’t realize anyone was successful with that strategy as I only read a few got destroyed. Helpful to understand differently to combat my biases! (A bit.) Thanks for helping me see the logic behind it.

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To be fair, that was a completely reasonable position when premium to NAV was 200% a few weeks ago. A hedge fund made that trade and the returns were like 20+% in a week.

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You should never expect anything like that from REITs. The second a very troubled REIT like MPW approaches anything even in the vicinity of their NAV they'll dilute a ton in order to pay down debt. Steward going bankrupt is going to eviscerate their cash flow and delevering will tremendously help their financial health

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