MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[JayJuanGee]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

[kanftka]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

You’re absolutely right. It’s kind of surprising how quiet everyone has been about it. But honestly, I think most people are just too distracted by his aggressive BTC accumulation to care. MSTR been buying Bitcoin like it’s going out of style and that alone says a lot more than any headline could.

In my opinion, the lawsuit itself feels more like background noise at this point. If he genuinely thought there was real risk or fallout coming, I doubt he would be doubling down like this. His actions scream confidence, and that’s hard to ignore.
Honestly, it is almost bullish in a strange way. The market’s sleeping on it because everyone is watching the price action and his wallet activity instead of the news cycle.

[Free Market Capitalist]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

You’re absolutely right. It’s kind of surprising how quiet everyone has been about it. 

Well, since the linked news is from May 19th and today is the 20th in many parts of the world but for example in LA it is still the 19th, I don't know what you were expecting. I who follow company news and just found out just before reading this post.

I think it's bullshit TBH, but it doesn't surprise me, in a country where everything is litigated.

[Popkon6]

The history of Bitcoin purchases is given below. You can see all the history of Bitcoin purchases by clicking on this link.

MSTR entire Bitcoin buying history shows that they have been aggressively buying more recently and in the new year. They have bought Bitcoin three times this May and have another opportunity to buy this May, led by Michael Saylor, and are currently selling their shares to make way for more aggressive buying. Their regular buying must be following the DCA method because they are buying Bitcoin weekly, their regular buying carries a strong signal to buy Bitcoin next week.

[ultrloa]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

You’re absolutely right. It’s kind of surprising how quiet everyone has been about it. But honestly, I think most people are just too distracted by his aggressive BTC accumulation to care. MSTR been buying Bitcoin like it’s going out of style and that alone says a lot more than any headline could.

In my opinion, the lawsuit itself feels more like background noise at this point. If he genuinely thought there was real risk or fallout coming, I doubt he would be doubling down like this. His actions scream confidence, and that’s hard to ignore.
Honestly, it is almost bullish in a strange way. The market’s sleeping on it because everyone is watching the price action and his wallet activity instead of the news cycle.

Don't get surprised on why everyone is quiet about this since maybe they don't want this situation to be the reason for lots of people to get panic since somehow Microstrategy might get affected on the lawsuit filed against them. Maybe they don't want any entities to use this to create a FUD and maybe the reason for a correction of the market.

But it seems this news didn't give much big effect as we can see that MicroStrategy keeps accumulating and Bitcoin still doing good for pumping at $105k+.

Also MicroStrategy multi billion dollar company for sure they can settle this out and find good solution with this issues.

[takuma sato]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

While there are many reasons to fill a class action lawsuit against corporations like Google for their abuse of monopoly, vague enforcement of "Community guidelines", opaque moderation decisions and so on, when it comes to Strategy, there are no legal grounds that I can think of to sue Michael Saylor for running a Bitcoin treasury company while not expecting volatility. Saylor has been repeating a million times that they work with volatility, and the people that are filling the lawsuit did probably unfortunately buy at the very top of the speculative mania where the options market had created a gamma squeeze. Those people are the same ones that bought Bitcoin at the top of a bubble, held all the way down and eventually capitulated locking in losses, then became Bitcoin haters, only to see Bitcoin 10x+ from there. Some people just cannot deal with volatility which is a must in Bitcoin and specially Strategy.

[JayJuanGee]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

While there are many reasons to fill a class action lawsuit against corporations like Google for their abuse of monopoly, vague enforcement of "Community guidelines", opaque moderation decisions and so on, when it comes to Strategy, there are no legal grounds that I can think of to sue Michael Saylor for running a Bitcoin treasury company while not expecting volatility.

The US has fairly liberal standards for filing legal claims, and surely the claim does not need to win in order to be valid, but instead there needs to be a colorable claim at the time of the filing, which is a possibility to win and that the claim is not being brought merely to harass or as a frivolous claim that does not have any arguable merit.

Surely many times claims will get dismissed on summary judgement or even fairly early in the case when it might start to become apparent that there is no way to win the claim, yet parties still have rights to bring claims, and even on the face of the claim, it has to allege some kinds of behaviors that could potentially be unlawful, and sophisticated law firms are going to at least be able to make colorable claims that at least appear that they could have some possible violations of the law, especially since none of them want to be in trouble for filing claims that are not even colorable, appear to be frivolous or for malicious and/or harassing purposes. 

Summary judgements come ONLY after figuring out if there are any facts in dispute, so surely after the initial filing, there may be some further filings and/or pleadings that allege facts that would be presented at trial, and a defendant could end up filing for summary judgement to proclaim that even if all of the alleged facts were to be proven in trial, the case is still legally insufficient for the plaintiff to prevail.  So plaintiffs do have opportunities to present their claims, even if their cases might end up getting dismissed early... and surely there are also cases that might seem to be meritless from the beginning, but they are able to survive the process and sometimes end up winning after the facts are fleshed out.. perhaps prior to trial or within the context of a trial.. and yeah, more than 95% of cases that are filed never make it to trial in the first place.. so they will get resolved in the process - sometimes with a judgement and other times with some kind of a settlement.. and class action law firms and cases are already widely known in the USA as an abusive kind of lawsuit, since they sometimes will seek settlements on behalf of the class, so then the attorneys can make a lot of money on those kinds of cases, especially if they can settle early.   

Saylor has been repeating a million times that they work with volatility, and the people that are filling the lawsuit did probably unfortunately buy at the very top of the speculative mania where the options market had created a gamma squeeze. Those people are the same ones that bought Bitcoin at the top of a bubble, held all the way down and eventually capitulated locking in losses, then became Bitcoin haters, only to see Bitcoin 10x+ from there. Some people just cannot deal with volatility which is a must in Bitcoin and specially Strategy.

I agree that their claims come off as barely colorable, since Saylor is quite transparent with what he is doing, and it seems doubtful that Saylor is making material and/or significant misrepresentations.. but yeah, sure, let's see how long the claim lasts or whether it just disappears off of the scene after a month or two.

[Most 20]

https://www.talkimg.com/images/2025/05/20/UaRzsz.jpeg

The history of Bitcoin purchases is given below. You can see all the history of Bitcoin purchases by clicking on this link.

MSTR entire Bitcoin buying history shows that they have been aggressively buying more recently and in the new year. They have bought Bitcoin three times this May and have another opportunity to buy this May, led by Michael Saylor, and are currently selling their shares to make way for more aggressive buying. Their regular buying must be following the DCA method because they are buying Bitcoin weekly, their regular buying carries a strong signal to buy Bitcoin next week.

Bitcoin on Track to Hit $500K as Government Entities Increase MSTR Holdings: Standard Chartered
In the first quarter, U.S. retirement funds in California and New York, among other states, bought MicroStrategy shares.
https://www.talkimg.com/images/2025/05/20/UaFulC.jpeg

Bitcoin's price will reach $500,000 over the next three-and-a-half years, Standard Chartered analyst Geoff Kendrick writes.
In the first quarter, 12 government entities increased their exposure to Strategy.
Strategy holds 576,000 Bitcoin.
In the first quarter, 12 government entities increased their exposure to Strategy, holding 31,000 Bitcoin worth of Strategy shares, he added.We believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,” he added.

https://decrypt.co/321077/bitcoin-on-track-hit-500k-as-government-entities-increase-mstr-holdings-standard-chartered

[fillippone]

The history of Bitcoin purchases is given below. You can see all the history of Bitcoin purchases by clicking on this link.

MSTR entire Bitcoin buying history shows that they have been aggressively buying more recently and in the new year. They have bought Bitcoin three times this May and have another opportunity to buy this May, led by Michael Saylor, and are currently selling their shares to make way for more aggressive buying. Their regular buying must be following the DCA method because they are buying Bitcoin weekly, their regular buying carries a strong signal to buy Bitcoin next week.

I suggest you follow Saylortracker.com.

That is the best venue to keep track of Strategy purchases.
Way better and more accurate than bitcointreasuries. I suspect there is some unofficial collaboration between Strategy and that one, as they perfectly match the official report (having done this myself, I understand that in practice it is not easy to make all the numbers exactly match.

[arwin100]

The history of Bitcoin purchases is given below. You can see all the history of Bitcoin purchases by clicking on this link.

MSTR entire Bitcoin buying history shows that they have been aggressively buying more recently and in the new year. They have bought Bitcoin three times this May and have another opportunity to buy this May, led by Michael Saylor, and are currently selling their shares to make way for more aggressive buying. Their regular buying must be following the DCA method because they are buying Bitcoin weekly, their regular buying carries a strong signal to buy Bitcoin next week.

I suggest you follow Saylortracker.com.

That is the best venue to keep track of Strategy purchases.
Way better and more accurate than bitcointreasuries. I suspect there is some unofficial collaboration between Strategy and that one, as they perfectly match the official report (having done this myself, I understand that in practice it is not easy to make all the numbers exactly match.

Lots of data's are missing if you scroll down on that site link he provided.

That's why I prefer to use saylortracker.com to since we can see all the historical data's about their purchases.

Good to see that they are bullish and we could see in their portfolio that its all covered with greens which indicate that they are doing so good and somehow became more interested to follow the growth of their company by buying more BTC.

[Ambatman]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

Just finding out about this and the market took it like it was filed by trash (that's on a lighter note)
Checked online and realised it was filed by a shareholder of MSTR.
They sue Stock because they know they can't Sue Bitcoin.

The investor(s) should engage in DYOR.
Saylor came out that they were in an unrealised loss of $5.9 Billion at fair value in a time when market was bearish towards Bitcoin
And now according to arkham they are in more than $10B in unrealised gain.
Volatility is and has always been present, fortunately Bitcoin is biased towards moving to the positive.

[takuma sato]

Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

While there are many reasons to fill a class action lawsuit against corporations like Google for their abuse of monopoly, vague enforcement of "Community guidelines", opaque moderation decisions and so on, when it comes to Strategy, there are no legal grounds that I can think of to sue Michael Saylor for running a Bitcoin treasury company while not expecting volatility.

The US has fairly liberal standards for filing legal claims, and surely the claim does not need to win in order to be valid, but instead there needs to be a colorable claim at the time of the filing, which is a possibility to win and that the claim is not being brought merely to harass or as a frivolous claim that does not have any arguable merit.

Surely many times claims will get dismissed on summary judgement or even fairly early in the case when it might start to become apparent that there is no way to win the claim, yet parties still have rights to bring claims, and even on the face of the claim, it has to allege some kinds of behaviors that could potentially be unlawful, and sophisticated law firms are going to at least be able to make colorable claims that at least appear that they could have some possible violations of the law, especially since none of them want to be in trouble for filing claims that are not even colorable, appear to be frivolous or for malicious and/or harassing purposes. 

Summary judgements come ONLY after figuring out if there are any facts in dispute, so surely after the initial filing, there may be some further filings and/or pleadings that allege facts that would be presented at trial, and a defendant could end up filing for summary judgement to proclaim that even if all of the alleged facts were to be proven in trial, the case is still legally insufficient for the plaintiff to prevail.  So plaintiffs do have opportunities to present their claims, even if their cases might end up getting dismissed early... and surely there are also cases that might seem to be meritless from the beginning, but they are able to survive the process and sometimes end up winning after the facts are fleshed out.. perhaps prior to trial or within the context of a trial.. and yeah, more than 95% of cases that are filed never make it to trial in the first place.. so they will get resolved in the process - sometimes with a judgement and other times with some kind of a settlement.. and class action law firms and cases are already widely known in the USA as an abusive kind of lawsuit, since they sometimes will seek settlements on behalf of the class, so then the attorneys can make a lot of money on those kinds of cases, especially if they can settle early.   

Saylor has been repeating a million times that they work with volatility, and the people that are filling the lawsuit did probably unfortunately buy at the very top of the speculative mania where the options market had created a gamma squeeze. Those people are the same ones that bought Bitcoin at the top of a bubble, held all the way down and eventually capitulated locking in losses, then became Bitcoin haters, only to see Bitcoin 10x+ from there. Some people just cannot deal with volatility which is a must in Bitcoin and specially Strategy.

I agree that their claims come off as barely colorable, since Saylor is quite transparent with what he is doing, and it seems doubtful that Saylor is making material and/or significant misrepresentations.. but yeah, sure, let's see how long the claim lasts or whether it just disappears off of the scene after a month or two.

A lot of corporations, specially in big tech, abuse their TOS to fill it up with all sort of overreaching rights over their users, and users are right in many instances, the problem is, these corporations use really expensive lawyers, and so people are scared to go on and scale things up even if they know they are right, so in many cases they do nothing, and it may take someone with deep pockets or the state prosecuting them for their wrongdoings. While the state and regulations can sometimes be too much, when it comes these corporations, regulations are necessary. Now when it comes to this class action, it's difficult to say, they may be able to find so some tweets from Saylor and paint if off as overhyping his own stock. While Saylor pumping BTC is legal since it's a commodity, MSTR is it's own stock, but I think anyone reasonable knows that the context of these tweets isn't telling you to literally go all on their stock. They are just promoting their stuck in a positive way just like a car salesman promotes their own cars as safe and reliable. The difference is, a stock may be very volatile and this is advertised, however, if Tesla ships some car that is trash, then they should cover these damages, and if they refuse then they can get sued and will need to reimburse the owner. This is not the case with financial products if the risks are covered, and the risks are well covered on the SEC fillings and so on.

[JayJuanGee]

[edited out]

A lot of corporations, specially in big tech, abuse their TOS to fill it up with all sort of overreaching rights over their users, and users are right in many instances, the problem is, these corporations use really expensive lawyers, and so people are scared to go on and scale things up even if they know they are right, so in many cases they do nothing, and it may take someone with deep pockets or the state prosecuting them for their wrongdoings. While the state and regulations can sometimes be too much, when it comes these corporations, regulations are necessary. Now when it comes to this class action, it's difficult to say, they may be able to find so some tweets from Saylor and paint if off as overhyping his own stock. While Saylor pumping BTC is legal since it's a commodity, MSTR is it's own stock, but I think anyone reasonable knows that the context of these tweets isn't telling you to literally go all on their stock. They are just promoting their stuck in a positive way just like a car salesman promotes their own cars as safe and reliable. The difference is, a stock may be very volatile and this is advertised, however, if Tesla ships some car that is trash, then they should cover these damages, and if they refuse then they can get sued and will need to reimburse the owner. This is not the case with financial products if the risks are covered, and the risks are well covered on the SEC fillings and so on.

Sure there may be some areas of relation to terms of service, yet the standards with the SEC would have to do with specific kinds of material failure to disclose, and a decent amount of puffery since the implications would be that investors have to figure shit out.. whether or not to invest in MSTR versus some other place to put their money, so any of MSTR's discussions would need to not materially mislead investors, which I have difficult times imagine a class action being successful to win on such claims.. and I cannot see MSTR agreeing to pay in regards to the suit that also costs MSTR time and legal resources to defend (which many corporations are already prepared for various kinds of lawsuits, especially in the context of their having had gone public about 27 years ago (1998, I believe?).

[Popkon6]

The history of Bitcoin purchases is given below. You can see all the history of Bitcoin purchases by clicking on this link.

MSTR entire Bitcoin buying history shows that they have been aggressively buying more recently and in the new year. They have bought Bitcoin three times this May and have another opportunity to buy this May, led by Michael Saylor, and are currently selling their shares to make way for more aggressive buying. Their regular buying must be following the DCA method because they are buying Bitcoin weekly, their regular buying carries a strong signal to buy Bitcoin next week.

I suggest you follow Saylortracker.com.

That is the best venue to keep track of Strategy purchases.
Way better and more accurate than bitcointreasuries. I suspect there is some unofficial collaboration between Strategy and that one, as they perfectly match the official report (having done this myself, I understand that in practice it is not easy to make all the numbers exactly match.

I got all the data from Michael Saylor's Bitcoin purchase history, but in 2024 and this year 2025, they have purchased the most Bitcoin in these two years so far. As a result of their aggressive Bitcoin purchases, they have been successful and able to accumulate more Bitcoin, Saylortracker.com provides very clear information and the purchase history can be seen. Complete information on how many Bitcoins were purchased in which month is available here.




Here is the history of past Bitcoin purchases of MSTR company and I can see and am completely surprised that they have been collecting Bitcoins according to this DCA method and holding them for a long time, their average Bitcoin purchase level is $69749.
However, I can see that they started buying Bitcoins at a very low price on September 14, 2020 at $10419. After they continued buying Bitcoins for a long time, they have now been able to buy 576230 Bitcoins, from September 14, 2020 to May 19, 2025.

Source link: Saylortracker.com: https://saylortracker.com/

[fillippone]

Anyway Strategy is currently struggling.
With Bitcoin trading at ATH, they are barely up on the day, and by far below their ATH.
NAV multiplier is trending lower.
Good for the long term, actually.

[paxmao]

Most likely the claims are fictitious and there is just some interest in "redistributing" Microstrategies earnings. Howevere, even the courts find some merit in the demand, the settlement may not be that high, as Saylor usually is quite public about everything - a bit hyppey too.

However, given that we have some bitcoin authorities here, I wonder why would I buy MSTR that has additional 3rd party risks etc.. vs just hodling.

[fillippone]

Most likely the claims are fictitious and there is just some interest in "redistributing" Microstrategies earnings. Howevere, even the courts find some merit in the demand, the settlement may not be that high, as Saylor usually is quite public about everything - a bit hyppey too.

However, given that we have some bitcoin authorities here, I wonder why would I buy MSTR that has additional 3rd party risks etc.. vs just hodling.

If you believe the BTC yield approach, then buying Strategy is a rational step: increasing your sats over time.
Otherwise, is a complicated way to obtain simple things, like owning bitcoin, and at the same time, a simple way to do complicated stuff: paying Taxes.

[Free Market Capitalist]

However, given that we have some bitcoin authorities here, I wonder why would I buy MSTR that has additional 3rd party risks etc.. vs just hodling.

That's a false dilemma, I have btc and MSTR. Apart from that I have also bought a small amount of ALTBG and CEP. The investment in these companies is small compared to my bitcoin holdings. So the question is not one or the other. There are many HODLers who have done so, for the simple fact that you can't borrow at 0% or print fiat (in the form of shares), to buy bitcoin.

[Ambatman]

Anyway Strategy is currently struggling.
With Bitcoin trading at ATH, they are barely up on the day, and by far below their ATH.
NAV multiplier is trending lower.
Good for the long term, actually.

This is expected on a shorter time frame
Investors are buying the shares of other treasuries company since they are relatively cheaper and Would give more gains.
Some are shorting MSTR and longing Bitcoin (yeah quite a balance)
But in all they are short term until the market balance and people reduce their risk taking and head to safer Basket.

[fillippone]

Some are shorting MSTR and longing Bitcoin (yeah quite a balance)

I have been a fan of the idea of shorting Strategy vs Bitcoin. I thought that was a super smart trade to have at ETF launch.
And I got the stop loss on this, as Micheal Saylor was able to delivery a perfect execution of selling the idea behind having Strategy instead of BTC: the BTC yield.
So while I like the idea of putting this trade again, I am a little bit cautious given past experiences.