$spcx I get the feeling all the same people saying SPCX is a deal at these prices , are the same people that pumped Bitcoin at $120k with $250-500k targets
@Gubloinvestor@elonmusk Well if he said it , it has to happen. Because everything he says comes true right? Still waiting for his TSLA 40% annual revenue growth prob , we’ve seen 2 down years in a row.
@MsVeilMoney This kind of thinking is why it’s moving like this . Billions of shares being unlocked thru Nov, 100% there will be lower prices to build a position . You can’t have this size of in-the-money float increase and not have down waves
The reality is currently at only 5% shares floated, and by Nov will be up to 60% , you think these billions of shares hitting the mkt flush in huge profits won’t pressure the price down ? Also with options the put hedging by those wanting to lock in these high prices before they are unlocked will limit upside
@capexbt There’s a lot of shares coming by this fall… Early August 900 + mil shares unlock , another similar # in Nov, and if stock price over 30% from IPO price for 5 days (likely) unlocks another 10%
$qqq $spy mkt needs a breather , high chance will be violent . Major RSI divergence forming , these usually see months of down moves, 11/2021, 7/2023, 7/2024 , this signal don’t happen very often but it’s a high probability signal
@JollyTime1991@RoyLMattox Really , so going down isn’t falling? That’s a new one. After a 90% SMH rally in 2 months, we haven’t seen nothing yet . Massive RSI and Breadth divergences don’t correct in one day
@DeItaone@3PeaksTrading So basically it’s fully valued at the IPO price if things go perfect thru 2030? Hard pass , watch it pull a CBRS , go down 20-40% in first 6 months , especially once insiders can dump after 1st earnings report
$mrvl thought I’ve seen it all , but a $100 billion 32% surge up on another semi CEO making a comment about going to trillion $ cap might just be the craziest thing I’ve seen . Now sitting above every analyst target , this mkt is nuts