Curious about SURGE's progress in magnetizing to the $1 floor price?
Study STRC
STRC is a perpetual preferred stock released by Microstrategy. It was "presale'd" at $90
It had some early volatility after their "presale" but guess what... it magnetized to their $100 floor price. Currently trading at $99.
Early onlookers questioned its viability. Conviction buyers got paid the higher effective yield + appreciation from $90 - $99.
SURGE is the same story. We don't know if it will magnetize to the floor price tomorrow, next week or next month... but we do know that it will happen. When it does, SURGE conviction buyers will have collected a juicy ~$0.30 gain (41.6% ROI) + 22% effective APR while they wait
I'm collecting a lot of cheap SURGE. Pretty fun to watch this all play out. STRC is a nice "TradFi version" that we can point to
Another reminder that patient investors always win.
I think the yield I am receiving weekly is enough for me and I am not in a hurry to sell SURGE. SURGE value is at least $1 and it's not a good idea to sell under $1.