SpaceX stock price drop
"I don't feel like the stock's going to go higher when you have possibly 20 to 30% of the shares being released in another couple of days, another 7%, then another I think what, 3 weeks, another 2 to 3 weeks, and another 7%, 2 to 3 weeks, another 7%, and it just continues to drop, drop, drop all these shares. I can't see that being positive until they're done releasing. It's just like flooding the market uh with all these shares."
ℹ️ In shortThe author believes SpaceX's stock price will not rise because the continuous release of new shares is flooding the market, negatively impacting its value.
This prediction is awaiting verification.
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… He's not dumb. Um now, the thing I'm going to warn everybody about is the lockup expiration. Remember, the second trading day after these earnings, you're going to go ahead and have the release of all these shares and that's when things get nasty. And so, I'm going to play some things for that. Obviously, I don't feel like the stock's going to go higher when you have possibly 20 to 30% of the shares being released in another couple of days, another 7%, then another I think what, 3 weeks, another 2 to 3 weeks, and another 7%, 2 to 3 weeks, another 7%, and it just continues to drop, drop, drop all these shares. I can't see that being positive until they're done releasing. It's just like flooding the market uh with all these shares. So, that's the thing I'm concerned about. But after that, in December, I feel like that's the perfect time, maybe even November. It depends on that I have to watch and I will let you guys know. But my goal is to continue to DCA into it at a certain point. Not yet. Not yet. I'm not doing it yet. I'm swing trading this thing for now and uh so far, s …
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