Post

Everyone is focused on the upcoming unlock, but the bigger question is how much of the potential selling has already been priced into the market. For traders tracking $SPCX, the 100 level remains a critical support zone. With the stock currently trading around 110, that leaves room for roughly 9–10% additional downside if bearish momentum continues. Share unlocks can increase selling pressure as early investors gain the ability to sell their holdings. That said, history shows these events don't always result in sustained declines, particularly when the market has already anticipated the added supply. Current market structure suggests: - The stock has already pulled back 15.4%, dropping from 130 to 110. - A brief two-day recovery was followed by an earnings-driven rally that quickly faded as sellers regained control, sending the price lower with limited support. - Such a sharp decline in a short timeframe often means a significant amount of pessimism is already reflected in the price. The unlock could certainly lead to another wave of selling. However, unless that pressure intensifies beyond expectations, much of the near-term risk may already be accounted for. If the company's fundamentals remain solid and institutional or index-related demand begins to build, buyers may start returning at lower levels. #SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck