$SPCX Rocket can still be shorted for now, at its current price. The earlier rise was mainly driven by positive earnings news, as well as a huge surge of attention after Musk said he would give every child in the US one share of his SpaceX stock next year. But gains driven by this kind of positive news are like a bubble—they can burst at the slightest touch. SPCX is still likely to trend downward from here. My initial target is around 145. If you’re holding short positions, you can keep holding them; if you’re long, look for an opportunity to exit.
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