$SPCX Release Date: It was still up before the open. I feel like this is a bit abnormal.
More than 900 million shares were unlocked. Normally, everyone would first fear the wave of sell pressure. But pre-market didn’t immediately get smashed downward—on the contrary, there was even capital propping it up.
I think there are two possibilities here.
One is that the bad news has already been priced in early, so sellers aren’t that急; the other is that pre-market liquidity isn’t that thick—so it looks like it’s rising, but after the open you’ll only then know whether it’s the real deal buyer buying in or just a fake move.
We don’t need to go on about SpaceX’s story. The market already loves that. But at this level, I’d rather see whether, after the unlock, anyone actually comes in to sell and smash it.
If it can hold steady after the open, it suggests there may truly be people willing to take it.
If it surges up at the open and then quickly fades, then the pre-market rise may have been used to find a good price for the unlocked shares.
So I think $SPCX is definitely worth watching today—not because it’s up, but because at a point where it should be under pressure, it hasn’t chickened out.
#SPCX #SpaceX
More than 900 million shares were unlocked. Normally, everyone would first fear the wave of sell pressure. But pre-market didn’t immediately get smashed downward—on the contrary, there was even capital propping it up.
I think there are two possibilities here.
One is that the bad news has already been priced in early, so sellers aren’t that急; the other is that pre-market liquidity isn’t that thick—so it looks like it’s rising, but after the open you’ll only then know whether it’s the real deal buyer buying in or just a fake move.
We don’t need to go on about SpaceX’s story. The market already loves that. But at this level, I’d rather see whether, after the unlock, anyone actually comes in to sell and smash it.
If it can hold steady after the open, it suggests there may truly be people willing to take it.
If it surges up at the open and then quickly fades, then the pre-market rise may have been used to find a good price for the unlocked shares.
So I think $SPCX is definitely worth watching today—not because it’s up, but because at a point where it should be under pressure, it hasn’t chickened out.
#SPCX #SpaceX