SpaceX IPO june 12th, 135 is the price

[Cellblock2429]

Not unusual for IPOs to crash in the aftermath of the launch. Spacex plummeting.

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/----/ That is usually the case. But it looks like SPCX reached a support level. It's up today.

 

[Luckyone]

I am waiting to see where this price lands, and then I'll probably pick some up.

I have done 6 trades on SPCX and all on the "short side".

I have had 4 profitable trades, 1 losing trade, and 1 still open trade (profit or loss to be yet decided.

1) made $95
2) lost $212
3) made $260
4) made $1837
5) made $3600
6) shorted today at 165.27 and it closed at 156.11, meaning I am in profit $916

These trades were all done using 100 shares. I did them by evaluating the 1-minute and 10-minute intraday charts.

I gave each and every one of these trades to my subscribers "ahead of the trade", so each and every one of them could have made the same amount of profit.

To do these trades with 100 shares, one needs to have around $10,000 in the account, meaning that in just 1 week, my account is up 58% in value, as far as SPCX itself.

 

[odanny]

These trades were all done using 100 shares. I did them by evaluating the 1-minute and 10-minute intraday charts.

If you are day trading, you couldn't pay me to do that. I would just as soon buy crypto as I would day trade.

 

[Luckyone]

If you are day trading, you couldn't pay me to do that. I would just as soon buy crypto as I would day trade.

It really is quite easy, but you need to use the right tools and know what they mean in order to be successful. When the volatility is there (as SPCX has it right now), it is better than buying and holding a stock

 

[Cellblock2429]

It really is quite easy, but you need to use the right tools and know what they mean in order to be successful. When the volatility is there (as SPCX has it right now), it is better than buying and holding a stock

/—-/ I prefer to hold and sell covered calls.

 

[odanny]

Down 18% in its first week, this is not a surprise, what IPO does not start high and then drop? I think this is typical, but I'm no expert on the valuation of stocks after their IPO. The thing to remember is to buy on the dip.

SpaceX stock on track to shed 18% this week

SpaceX is poised to close out its first full week as a public company on a down note, with shares on track to shed 18% — extending a rough debut for one of the most highly anticipated IPOs.

finance.yahoo.com