It depends what the counterfactuals are. If he's convincing people to sell who weren't otherwise going to sell, then there wouldn't be anything to see.

Just like there's a question of why Saylor buys when and how he does, there's a question of why people sell to him when and how they do.

Undisciplined

Yes, this makes a lot more sense than my zany interpretation. I would have expected the size of trades Strategy does even to take months to set up. Yet, it is the case that his announced trade price is rarely more than +-3% from the closing price on the day he makes the announcement. So the actual price negotiation can't be concluded too far from when he actually concludes the trade.

Either way, couldn't we still hope to pick up some signal from this buy? Perhaps by expanding the date range or shifting it earlier?

bitcoin

econ

Why doesn't Saylor crash the price of the dollar with his massive dollar dumps?

Scoresby

Yes, this makes a lot more sense than my zany interpretation. I would have expected the size of trades Strategy does even to take months to set up. Yet, it is the case that his announced trade price is rarely more than +-3% from the closing price on the day he makes the announcement. So the actual price negotiation can't be concluded too far from when he actually concludes the trade. 

Either way, couldn't we still hope to pick up some signal from this buy? Perhaps by expanding the date range or shifting it earlier?