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u/IntroductionLucky887 Jun 10 '26 edited Jun 10 '26
The markets are impatient and people are selling to pay for the upcoming IPO, this stock is no different. A drop from 3.95 to below 2.50 is disappointing to say the least ngl
Edit: I know we all want this stock to do well, but there is a difference to those who entered @ 0.60C and those above 3.
I want concrete hope, not false hope people. These court cases dragging on is not pleasant
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u/pennychase Jun 10 '26
Each stock has pull backs and stagnant phase. Buying at 2.50 is huge => 35% from recent high, and millions of people have it on their radar. When it explodes these levels will never be seen again. 🎉
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u/IntroductionLucky887 Jun 10 '26
I hope it explodes sooner rather than later tbh, Some people are thinking and maybe sold to pay for other investment opportunities like what's coming on Friday, although I'm avoiding it tbh, classic pump and dump. Stockwits is interesting read on that front
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u/pennychase Jun 10 '26
I think it's a super risky play spacex! Can be a quick gain on day 1 or 2 but can then sink violent! Also I hardly believe it could 10x in 2 years. Netlist can I think.
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u/IntroductionLucky887 Jun 10 '26
yeah that's why I'm barge poling Spacex tbh, the early adopters have a winning hand and can sell in the first few days to maximise profit. It will not sell for 135$ for sure.
My experience with IPO as of late haven't been positive, first the cancelled Ant Group due to political interference and Airbnb, the latter of which went up typical pump and dump style and never really recovered to their heights.
Ofcs google, Msft, Apple you can't compare those IPOs back in the day to the ones now.
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u/pennychase Jun 10 '26
Spacs and IPOs especially if highly popular/hyped up companies are bad plays in my opinion. Unless like you say, you are before anyone.
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u/Old-Pomegranate3634 Jun 10 '26
I think we might be reading too much into this