SpaceX IPO june 12th, 135 is the price

[Andrew_Jackson_FTW]

When is this darn thing going to debut.

 

[Luckyone]

Again not to make fun of you but you’re the guy who said don’t invest when Trump‘s president yet his first term market outperformed Obama, George W. Bush and Biden.

Most if not all of the equities I’ve seen you pump up here have gone down in price. Whatever you claim to have made money on is something we don’t know is true. Not saying that it’s not true but I’m going by what you’ve posted on this form.

And you have kept on saying don’t invest when Trump is president even though we’ve had a positive return so far this year and AI has done amazing. It Made incredible profits for me with regards to AMD and notable profits with regards to snowflake and Intel.

As most people know sometimes when it comes to a company it’s about sentiment. Not necessarily the numbers. And the point that many folks are making with regards to SpaceX is a 10 to 50% pumping profit on the first day. Surely this will happen. And yes, it may come down to 135 or lower by days end. Could hit 400 at some point today.

Again, it’s hard to converse with you. You know I did not vote for Joe Biden, but I would simply be a lying person. If I said his market was bad. Joe Biden’s market had a positive return. You have not even acknowledged this with regards to Trump putting politics over the data.

Well, this past week on my newsletter, I suggest to my readers to short ORCL. I shorted it at 219.06 on Monday and the stock is presently at 183.63. That is a 16% profit in 5 days.

SHORTS

ORCL Friday closing price - 213.68

ORCL is a stock that got up to a high of 345.72 in September of last year but then proceeded to drop all the way down to 134.57 over the next 9 months, in spite of the fact that AI was surging upward during that time. This suggests that the company itself has some problems that AI by itself had/has not fixed. Nonetheless, when the stock got down to the 200-week MA (back in January) and then traded around that level for the 9 weeks without breaking the line, the traders decided to cover the shorts and generate a recovery rally that took the stock up to the recent high at 250.25 (seen this past week), where a negative reversal week occurred.

ORCL generated a negative reversal week and closed near the low of the week, suggesting further downside below last week's low at 209.45 will be seen this week. It is important to know that there was/is weekly close resistance at 250.05 and having gone up to 250.25 and then turning down, that resistance has now gained further strength and indicative power as to the possibility of any further upside to come will require positive fundamental news.

ORCL does show resistance at 225.32, which at this time and without news, should not be broken.

As far as the downside objective of the mention in shorting ORCL, here is that level. In looking at the monthly intraweek chart, there is open air below to 152.42, which will be the objective. As such, a short above $213.68 and using a stop loss at 225.42 and having a 152.72 objective will offer a 5-1 reward-to-risk ratio.

I was lucky that on Monday, the stock opened at 217.75 and I was able to short the stock at 219.06.

You call that a bad suggestion?

 

[Andrew_Jackson_FTW]

Well, it has begun. My buy in price is $150.

And I have locked in a stop loss profit of $500. I’ll take it. Right now space x is trading around $166 per share.

 

[Cellblock2429]

SPCX IS LIVE TRADING AT $162

 

[Luckyone]

When is this darn thing going to debut.

Just shorted the stock at 166.40

 

[Deplorable Yankee]

Well, it has begun. My buy in price is $150.

And I have locked in a stop loss profit of $500. I’ll take it. Right now space x is trading around $166 per share.

That's probably a good bet.I may join you

 

[Andrew_Jackson_FTW]

Wow Robinhood is not letting me sell my shares. Another stupid Robinhood issue apparently it’s affecting all Robinhood users.

 

[Luckyone]

Just shorted the stock at 166.40

I just set a stop loss at 165.35, meaning the trade will not be a loss. This stop loss was determined by using the 1-minute chart.

 

[Andrew_Jackson_FTW]

Well, Robinhood is working now. But another massive stupid disaster for them. Considering pulling all of my money out after this. It looks like it was down for five minutes or so right after the SpaceX IPO.

 

[Andrew_Jackson_FTW]

That's probably a good bet.I may join you

Seems like a solid choice. Considering often IPO‘s end the day below their initial price.

Im glad this was not an instant rug Pull. I’m locked in for a profit as long as Robinhood doesn’t crash again.

 

[Luckyone]

I just set a stop loss at 165.35, meaning the trade will not be a loss. This stop loss was determined by using the 1-minute chart.

Stopped out at 165.45. Profit of $95 per 100 shares.

I am still considering shorting it again but will wait to see the action that occurs to find a new sell point. Using the 1-minute chart, support is now at 155.21.

 

[Andrew_Jackson_FTW]

Charles Schwab is also having problems where some people haven’t been able to sell their SpaceX shares.

 

[Andrew_Jackson_FTW]

Well, this past week on my newsletter, I suggest to my readers to short ORCL. I shorted it at 219.06 on Monday and the stock is presently at 183.63. That is a 16% profit in 5 days.

SHORTS

ORCL Friday closing price - 213.68

ORCL is a stock that got up to a high of 345.72 in September of last year but then proceeded to drop all the way down to 134.57 over the next 9 months, in spite of the fact that AI was surging upward during that time. This suggests that the company itself has some problems that AI by itself had/has not fixed. Nonetheless, when the stock got down to the 200-week MA (back in January) and then traded around that level for the 9 weeks without breaking the line, the traders decided to cover the shorts and generate a recovery rally that took the stock up to the recent high at 250.25 (seen this past week), where a negative reversal week occurred.

ORCL generated a negative reversal week and closed near the low of the week, suggesting further downside below last week's low at 209.45 will be seen this week. It is important to know that there was/is weekly close resistance at 250.05 and having gone up to 250.25 and then turning down, that resistance has now gained further strength and indicative power as to the possibility of any further upside to come will require positive fundamental news.

ORCL does show resistance at 225.32, which at this time and without news, should not be broken.

As far as the downside objective of the mention in shorting ORCL, here is that level. In looking at the monthly intraweek chart, there is open air below to 152.42, which will be the objective. As such, a short above $213.68 and using a stop loss at 225.42 and having a 152.72 objective will offer a 5-1 reward-to-risk ratio.

I was lucky that on Monday, the stock opened at 217.75 and I was able to short the stock at 219.06.

You call that a bad suggestion?

Your newsletter. Again I’m talking about the equities You have pumped up here on the US message board ….most or all losers.

 

[Luckyone]

Your newsletter. Again I’m talking about the equities You have pumped up here on the US message board ….most or all losers.

It has been a very tough year for chart evaluations given that by Trump opening his mouth, he moves the market wildly and he has been doing that all year. I have never seen anything like it. This year (so far), I have traded one 10th of what I traded other years. Having said that, I am not making much money, but I am not losing either.

By the way, SPCX just generated a successful retest of the day's high at 168.75 with a rally to 167.77 and I just now re-shorted the stock at 165.75, and my stop loss is at 167.87

 

[Luckyone]

It has been a very tough year for chart evaluations given that by Trump opening his mouth, he moves the market wildly and he has been doing that all year. I have never seen anything like it. This year (so far), I have traded one 10th of what I traded other years. Having said that, I am not making much money, but I am not losing either.

By the way, SPCX just generated a successful retest of the day's high at 168.75 with a rally to 167.77 and I just now re-shorted the stock at 165.75, and my stop loss is at 167.87

Out of the shorts for now. I have a loss today of $117. I am not likely to re-short it today but that is not yet a decisive decision.

 

[Luckyone]

Your newsletter. Again I’m talking about the equities You have pumped up here on the US message board ….most or all losers.

by the way and in a general nature. The mentions I have put here are the ones that I believe are good longer term trades. I have not put any of my short-term trades here, so your post does not have all the information as to what I do!

 

[Luckyone]

Charles Schwab is also having problems where some people haven’t been able to sell their SpaceX shares.

SPCX just gave a sell signal on the 1-minute chart and as such, I just re-shorted the stock at 173.95. Stop loss at 176.62

 

[Luckyone]

The stock has dropped precipitously this morning 3 times down to $150. This is now support but it also means that selling at these levels is being seen, which is causing $18-$26 drops in 1 minute. This is not only scary for the bulls. but it also means that the stock is running out of buyers above $150.

 

[Andrew_Jackson_FTW]

A lot of folks were minted as millionaires today. Thousands of SpaceX employees. Including people who were worth $10,000 or so due to a contract they had years ago. It’s just incredible to see the doubters saying what they are saying.

And Well done to the many people who got in at 135 or 150 a share and made a nice 10 to 20% profit today.

 

[Andrew_Jackson_FTW]

The stock has dropped precipitously this morning 3 times down to $150. This is now support but it also means that selling at these levels is being seen, which is causing $18-$26 drops in 1 minute. This is not only scary for the bulls. but it also means that the stock is running out of buyers above $150.

?

The stock shot up to about $168 a share at 11:55 AM Eastern. That’s after opening to the public at 11:46 AM for $150 per share …The lowest it has seen today after hitting 168 was a drop to about $158 at about 12:10 pm et . That’s the one time it broke below 160. What in the world are you talking about?

Haha good ole lucky one … take some responsibility and admit that you constantly put politics over data and indisputable facts. You do it with Trump and now apparently Elon musk.

What did you say to all of the people you told to be careful back or don’t buy in 2016 when Trump took office for his first term. That was a four year term with a positive market return better than what Biden, George W. Bush and Obama have been able to see with their markets.