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SpaceX Drops 14% in One Day, Price Now Below IPO Launch

finance.yahoo.com

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Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#5

Post by SpicyLemonZest »

OnlyANeurosci wrote: post #2

pump and dump scheme, but your 401k bought some.

Notably, today was the first batch of additions, which really does lend credence to the idea that it's just about people getting out after the forced buying. We'll see what happens in early July when it makes it into the Nasdaq 100.

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#6

Post by netsharc »

OnlyANeurosci wrote: post #2

pump and dump scheme, but your 401k bought some.

Do 401k's know about pump-and-dump, but think they can time it to make profit? Or are 401ks "bound" to buy stocks?

It feels like a lot of retail buyers know the emperor is naked, but are still acting on greed, thinking they can "catch the falling knife" and time the market departure to profit from the hype...

Re: SpaceX Drops 14% in One Day, Price Now Below IPO Launch

#8

Post by smw »

netsharc wrote: post #6
OnlyANeurosci wrote: post #2

pump and dump scheme, but your 401k bought some.

Do 401k's know about pump-and-dump, but think they can time it to make profit? Or are 401ks "bound" to buy stocks? It feels like a lot of retail buyers know the emperor is naked, but are still acting on greed, thinking they can "catch the falling knife" and time the market departure to profit from the hype...

A lot of them are heavily invested in index funds that added SpaceX at IPO due to market cap.
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