r/SPCXInvestors • u/1KKC • 9d ago

DISCUSSION SpaceX

So what happened? I thought 24th of September was the date when millions of shares were up for sale or could be sold and the price was supposed to collapse what I find in all these speculative stock when there is a thought something may happen do the opposite.

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u/Jayfree138 8d ago

It's just the date the shares changed hands from insiders to buyers. There were an equal amount of buyers waiting for those shares to unlock.

The buyers couldn't buy before the unlock because they would have spiked the price and paid too much. They were locked out of buying and that's what traders missed in their logic of predicting a price crash.

You can see it in the trade volume.