Smallest open flush volume in weeks, liquidity pulled back to buy back in cheaper, there will be breakout of 150 this week when the institutions eat up the smaller unlock, and then pump hard into september. There are no sellers left that would test previous price levels, it’s obvious that we found the bottom for months to come, and it’s safe
From these 2 weeks price and volume it’s clear that this week it’s going to break 150 and rally up. All 2 weeks were aggressive accumulation, as individuals sell, institutions accumulate. That’s why the target is $600 etc., they will pump the small floating supply to the moon. Liquidity has been steadily climbing. If remaining shorts are liquidated above 150 its gg
The ticker has married that $139.99 where they tested before market close on friday. At least 4m shares were absorbed in a few minutes. Where do you expect liquidity to be on open? Another +15% on friday following 300m+ newly unlocked shares? Microstrategy ponzi imploding could really send all that capital looking for stupid risk to SPCX
140 broke on like 4m shares, or is my IBKR trippin balls? And now it’s just dead, no volume, no buying the dip. Jesus christ
Edit: guys seriously please hold. Your 10k shares might break 130
The bears are correct with all their reasoning. The bulls are wrong (or ignorant/indifferent) about everything. But to go short still is wrong, and to go long I think is correct.
Bears are making the losing play for all the right reasons
Bulls are making the winning play for all the wrong reasons
Because it’s simply fraud. Ok ok ok, not fraud. Market dynamics:) The supply distributors and the liquidity providers all have aligned interests - to extract value out of the public, through both buying and selling. That’s the entire reason for the IPO, and preIPO allocations. So they will make money on manipulating the price towards whatever is the opposite of the current retail consensus, rinse out leveraged positions, and the few lucky retail survivors will keep gloating here with survivor bias. They don’t need a certain outcome from retail behavior, all they need is for people to chase an outcome, doesn’t matter which way. the house always wins, and the few winning streaks help draw more suckers into the casino.
So the organic demand for $SPCX was not there at $105-110 for a week, but as soon as 900m insider shares unlock, increasing the floating supply by 2.5x, the “mom and pop” come running in, steadily buying at upwards of $130 per share. Can someone share their wisdom for how this is not market manipulation, coordination and narrative building for exit liquidity, but instead, authentic demand for an undervalued unicorn stock? Thank you
Edit: Maybe the people selling or shorting at $110 don’t want to sell/short at $135? I need some sort of expert-sounding delusional rationale to this, like under my previous post
Edit: I hold no positions either way, other than indices in value ETFs and some local region stocks, but hold large interest in seeing fraud fail spectacularly. Moved to value ETFs like Avantis recently, as didn’t want SpaceX to be fast tracked into my portfolio at fraudulent valuation
So it seems, like friday was mms building a bounceback narrative for exit liquidity. Today’s price action and volume clearly shows there is no appetite for this stock at this valuation. Volume declined, price action displays weakness and artificial support. Expecting slow deterioration followed by a dip below previous support in the coming weeks. This kind of inventory accumulation by market makers to generate retail hype, like they did on friday after major unlock, is very expensive if they can’t make up the difference.
Am I going crazy or does the engine of every tank now sound super loud and annoying, like those completely dead beat 30 year old car engines that spit metal shavings into the oil yet still somehow run. I can’t stand it, now that’s all I hear all game is that blerping sound, I can’t play
Last week of the season would have this offer, this is the first season I don’t see it anymore. Is this a mistake or hubris from WG?
Edit: on ps5 at least its not on in-game store, only on PS store as an addon
I like the 7x7, good time to grind AMX, but 3 nightstalkers on each team back to back to back is an unnecessary twist. Game 4 here I come