Space Exploration Technologies Corp. SPCX

Spcg/ up 148% year to date!

SSpc/ up 146% year to date!

Just to let everyone know I might buy at 25.00

Not waiting for 50.00 but 20.00, sorry Danny boy!

As SpaceX Crashes 51% From Its Mania Peak, Market Strategist Warns This Could Tank SPCX Stock Further: 'Great Companies Can Still Be Bad Investments'
Space Exploration Technologies Corp. (NASDAQ:SPCX) has plummeted 50.87% from its June 16 high of $225.64 to its July 23 low, and market strategist Charlie Bilello warns the bleeding isn’t over. With 911 million shares eligible for insider sale on Aug. 6, the impending lockup expiration threatens to overwhelm the market and sink shares further.

The End of the IPO Euphoria

The initial retail buying frenzy that temporarily drove SpaceX to a $3 trillion valuation has violently reversed. The stock recently bottomed at $110.85 on Thursday, July 23, last week, breaking well below its $135 IPO price and its $161 first-day close. Retail investors who chased the stock are now suffering steep losses.

“SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check,” Bilello noted.

Addressing those who believed the aerospace company would defy historical trends, he stated in his market broadcast, "A lot of people said, ‘No, Charlie, this time is different.’ Well, it’s not different."

SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check.

Lesson: great companies can still be bad investments at the wrong price. Don’t chase.$SPCX

As SpaceX Crashes 51% From Its Mania Peak, Market Strategist Warns This Could Tank SPCX Stock Further: 'Great Companies Can Still Be Bad Investments'
Space Exploration Technologies Corp. (NASDAQ:SPCX) has plummeted 50.87% from its June 16 high of $225.64 to its July 23 low, and market strategist Charlie Bilello warns the bleeding isn’t over. With 911 million shares eligible for insider sale on Aug. 6, the impending lockup expiration threatens to overwhelm the market and sink shares further.

The End of the IPO Euphoria

The initial retail buying frenzy that temporarily drove SpaceX to a $3 trillion valuation has violently reversed. The stock recently bottomed at $110.85 on Thursday, July 23, last week, breaking well below its $135 IPO price and its $161 first-day close. Retail investors who chased the stock are now suffering steep losses.

“SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check,” Bilello noted.

Addressing those who believed the aerospace company would defy historical trends, he stated in his market broadcast, "A lot of people said, ‘No, Charlie, this time is different.’ Well, it’s not different."

SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check.

Lesson: great companies can still be bad investments at the wrong price. Don’t chase.$SPCX

As SpaceX Crashes 51% From Its Mania Peak, Market Strategist Warns This Could Tank SPCX Stock Further: 'Great Companies Can Still Be Bad Investments'
Space Exploration Technologies Corp. (NASDAQ:SPCX) has plummeted 50.87% from its June 16 high of $225.64 to its July 23 low, and market strategist Charlie Bilello warns the bleeding isn’t over. With 911 million shares eligible for insider sale on Aug. 6, the impending lockup expiration threatens to overwhelm the market and sink shares further.

The End of the IPO Euphoria

The initial retail buying frenzy that temporarily drove SpaceX to a $3 trillion valuation has violently reversed. The stock recently bottomed at $110.85 on Thursday, July 23, last week, breaking well below its $135 IPO price and its $161 first-day close. Retail investors who chased the stock are now suffering steep losses.

“SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check,” Bilello noted.

Addressing those who believed the aerospace company would defy historical trends, he stated in his market broadcast, "A lot of people said, ‘No, Charlie, this time is different.’ Well, it’s not different."

SpaceX is suffering the same fate as so many major IPOs before it: a euphoric debut, unrealistic expectations, and a painful reality check.

Lesson: great companies can still be bad investments at the wrong price. Don’t chase.$SPCX

Spcx/ probably not see 120 ever again.

Spcx/ not bottom by a long shot.

Spcx/ this could decline 50% in a month.