Musk pulls out all the stops! SPCX skyrockets in the middle of the night, shorts get crushed—how can they recover?
Why did SPCX surge last night? First, Musk announced that a SpaceX–Tesla merger is on the agenda, and earnings beat expectations. Second, shorts got crushed! A whopping $3.36 million in short positions were liquidated across the internet, triggering a violent short squeeze. The 1-hour chart shot from 140 to 161.
How to manage your position: If you went short above 150 and are now stuck, don't stubbornly hold on or add to your position! The trend has already reversed. Consider waiting for a pullback to around 153–155, then quickly reduce your position or go long with a stop-loss to protect yourself.
The positive buzz around this merger is still building. Where will it go next? Join the discussion in the comments!
#股票财报季
Why did SPCX surge last night? First, Musk announced that a SpaceX–Tesla merger is on the agenda, and earnings beat expectations. Second, shorts got crushed! A whopping $3.36 million in short positions were liquidated across the internet, triggering a violent short squeeze. The 1-hour chart shot from 140 to 161.
How to manage your position: If you went short above 150 and are now stuck, don't stubbornly hold on or add to your position! The trend has already reversed. Consider waiting for a pullback to around 153–155, then quickly reduce your position or go long with a stop-loss to protect yourself.
The positive buzz around this merger is still building. Where will it go next? Join the discussion in the comments!
#股票财报季