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Get Off My Lawn |
And his generosity in giving stock options to thousands of employees, from engineers to welders and cafeteria workers, have made them into millionaires. "I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965 | |||
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| Partial dichotomy |
If these shares drop back to near IPO price, I may buy some. I do expect long term the company to do well. I have some Tesla bought a few years ago that I'm very happy with. SIGforum: For all your needs! Imagine our influence if every gun owner in America was an NRA member! Click the box>>>  | |||
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| Member |
None of that matters to Elizabeth Warren who, along with Jayapal and a few others, are beating the wealth tax drum again.This message has been edited. Last edited by: Tn226, | |||
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| Lawyers, Guns and Money  |
And since momentum elsewhere is fading, retail has decided to double down on the very illiquid SPCX after hours, where its low float has made it a great squeeze candidate by the retail crew, and the stock is now exploding higher, and at last check was trading just over $210, meaning the stock has added $250 billion in market cap after the close - or a total of $650 billion today alone... which translates into a market cap of $2.75 trillion or more than Apple's $2.65 trillion. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Lawyers, Guns and Money |
SpaceX topped the leaderboard as the most bought stock by retail investors for a second consecutive session, with net buying potentially set to clear $100mn for the second day in a row. On a net basis, retail investors have now bought almost as much SPCX over the last two sessions as they bought across the entire US stock market last week. In fact, today's $93.8mn of net buying in SpaceX accounts for roughly 73% of all retail net buying across single stocks so far today. And since momentum elsewhere is fading, retail has decided to double down on the very illiquid SPCX after hours, where its low float has made it a great squeeze candidate by the retail crew, and the stock is now exploding higher, and at last check was trading just over $210, meaning the stock has added $250 billion in market cap after the close - or a total of $650 billion today alone... ... which translates into a market cap of $2.75 trillion or more than Apple's $2.65 trillion, and just behind MSFT's $2.97 trillion. 160x revenues at $3 trillion valuation, but of course, SPCX is still running at a record loss. By comparison, Apple is 7-10x revenues. https://www.zerohedge.com/mark...ng-apples-market-cap "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Conservative in Nor Cal constantly swimming up stream  |
I bought $10k in SPCX yesterday just because. It’s up about 40 from when I bought already. Do I expect it to drop back down, well yeah. It’s not enough money to hurt me in the big picture but it’s fun to be in on the IPO. In six months when the IPO dust settles I will probably buy more… ----------------------------------- Get your guns b4 the Dems take them away Sig P-229 Sig P-220 Combat | |||
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| Experienced Slacker |
*snipped*
Agree, Haven't bought any yet because I'm waiting for the same to start a position. | |||
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At Jacob's Well |
I'm looking at it another way. I don't think SPCX's financials justify the current stock price, but there's so much excitement around the IPO that people are overbuying anyway. The result has been a transfer of money from other space companies into SPCX, leading to some tempting value propositions. I'm going to buy MDA and maybe Redwire while their stock prices are depressed. Both have better financials than SPCX, though less long-term upside. J Rak Chazak Amats | |||
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| 10mm. It's like two 40s with every shot. |
Looks like SPCX is in re-entry mode today. Doubled my position at $170 to 50 shares. I plan to let this ride for 10 years. If it does half as well as TSLA, it is worth the gamble. And if it doesn't, it won't break me. | |||
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Told cops where to go for over 29 years… |
I added another $15k today as well when it went under $165. Just dropped under $162, it can start going back up now…  What part of "...Shall not be infringed" don't you understand???  | |||
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| Lawyers, Guns and Money |
Retail Euphoria In SpaceX Fizzles After Stock Loses $600 Billion In One Day The scale of retail buying in SPCX last week becomes even more remarkable when put into context. Retail investors bought more SPCX last week than they bought across all other Mag 7 stocks combined (total activity of the last 5 days in NVDA, MSFT, AMZN, META, GOOGL and GOOG was $278mn combined). They also bought more SpaceX than the combined retail buying of SPY & QQQ over the past week ($352mn). For a stock that only started trading last week, SpaceX is already competing with the market's biggest stocks and ETFs for retail capital. As has become the norm, while buying of the stock was off the charts, retail investors quickly congregated to various leveraged SpaceX products, which also attracted strong demand. Retail investors bought $65.8mn of the Leverage Shares 2x Long SPCX Daily ETF during its first few trading sessions (while a sizeable number, but it remains well below the type of activity normally seen during speculative retail frenzies). It still dwarfs recent thematic launches – the Roundhill Memory ETF DRAM attracted just $5.6mn during its first four trading days, and it took 22 sessions for cumulative retail buying in DRAM to exceed the amount already allocated to the leveraged SpaceX ETF. Yet after bursting out of the gate, momentum has fizzled and hopes that the stock would gamma squeeze into orbit (on a reusable rocket, of course), quickly faded. The result: after peaking on June 16 - the day SPCX stock hit a record $225 and briefly topped Microsoft in market cap - daily retail flows have collapsed, and the retail turnover has become virtually nonexistent. This brings us back to what Canaccord said: while the bank concluded that based on the early performance of SpaceX, "Tech can likely keep its momentum in the short term", it warned that "a new, more dangerous layer of air is now underneath these stocks." Sure enough, with the momentum gone, and the realization that trillions of shares are about to be unlocked, the stock has slumped for 3 straight days, culminating with Monday's plunge when, with SpaceX rushing to take advantage of the bond market euphoria to sell over $20 billion in investment-grade bonds for the first time before the bond window shuts in order to refinance an existing bridge loan with much higher interest, SPCX shares plunged 16.4%, shedding a record $600 billion in market value, and following a 5% drop on Wednesday and a 3.5% slide on Thursday, the stock is now just barely above where it broke for trading at $150 two weeks ago. Jacobson said insiders could potentially sell 44% of SpaceX shares by early September, increasing the current float by about 900%. In other words, it's only going to get more difficult to lift the stock from here, and meanwhile, Michael O’Rourke, chief market strategist at JonesTrading said that “sellers are back in control,” adding that “anyone in the world who wanted to buy this has bought it already.” In its take on today's move, Bloomberg wrote that today's drop in SpaceX "managed to bring much of the market down with it." We don't know if that's indeed the case yet, but in this market - which has been driven almost entirely by retail euphoria and momentum chasing from the March lows - should retail indeed get cold feet, first to SpaceX, then to the Memory bubble, and finally to Semi stocks which have become the main beneficiaries of the AI trade... https://www.zerohedge.com/mark...-600-billion-one-day "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Member |
Wake me up when it falls to $100, then maybe I'll jump in. | |||
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Ammoholic |
Should have sold when I was up 40%. I'll set a $140 stop and make a few bucks. Jesse Sic Semper Tyrannis | |||
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| At Jacob's Well |
Following the mob is seldom a sound long-term investment strategy, though it can make a few short-term bucks. When the excitement fizzles and fades, the financial math takes over. J Rak Chazak Amats | |||
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| Lawyers, Guns and Money |
I don't get TSLA... It's trading at a P/E ratio of around 400. How does it sustain that? "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| As Extraordinary as Everyone Else  |
As I’m sure you know the stock market is forward looking. Tesla is about to roll out Robotaxi’s which will start to revolutionize the way we get around, and I’m someone that enjoys driving. Then we have chip development, AI data centers and robots which will also have massive influences on our society. ------------------ Eddie Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina | |||
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| Member |
I believe its likely that SpaceX and Tesla will merge into one and be the most valuable company on Earth. That's why i buy every share I can. | |||
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