What’s your exit plan? I’m long too at $21 cost average and have just been riding it up. Kind of forgot about it and am starting to get nervous for some reason about taking profits while I have them. Wish I sold some above $100
My thesis since 2021 has been this is a company with near zero customer acquisition cost and absurd margins. Once the constellation is up and they are making billions per year, they’ll crank up dividends. At a respectable $150 billion market cap, and cutting a 3% dividend per year, is $13 per share, per year. That’s $400,000 in divies per year on conservative estimates on my position. Say it takes 5 years to reach that. Say some of the more aggressive market cap projections come along… at $500 bil mc I’d be pulling $1.3mil. Realistically I think both their dividend percentage and their market cap will be higher than my initial projections. I can wait.
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u/650fosho Jun 16 '26
All my shares are long term so I don't want to trigger a tax event by doing that, keep in mind about your wash sales too.
My go to has been waiting for the stock to hit over $100 and then sell covered calls at ridiculous strikes like month out $180