SpaceX Stock Drop After Lockup Expiration
"And then after that, what do we have? You have the lockup expiration coming in August. So, you get a few weeks a few weeks of possible running. I don't know if it does. In my opinion, it'll stay either flat or drop. Uh but going into lockup expiration, once lockup expiration hits in August, truly, it should start to turn nasty."
ℹ️ In shortStock Moe anticipates SpaceX stock will likely drop or stay flat after the lockup expiration in August.
This prediction is awaiting verification.
Details
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… Now, the biggest upfront buying from the ETFs is done. The but going into the 6th on, they you'll still have a little bit of buying from it. So, you get a little bit of forced buying, nothing like you did on that day one. But with that forced buying, that big massive initial buy, once that's done, the demand dries up huge amount of dry up. And then after that, what do we have? You have the lockup expiration coming in August. So, you get a few weeks a few weeks of possible running. I don't know if it does. In my opinion, it'll stay either flat or drop. Uh but going into lockup expiration, once lockup expiration hits in August, truly, it should start to turn nasty. It really should start to turn nasty. Why do I say that? Well, you're going to have you got 4.2% of shares that were sold during the IPO plus any additional that the the the finance companies were allowed to sell. Now, look what it did. It pushed up. If we drop below the opening price of 150, but the IPO is 135. So, let me put the 135 on there. If …
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