Post

8. Don't look at the $SPCX unlock from only one angle. If earnings come in strong and the unlock is absorbed without major selling, the bullish case becomes much stronger. But the downside isn't necessarily finished. Unlocking shares doesn't force holders to sell immediately. They can wait and distribute over several days. That's exactly why I remain cautious. The phrase “I think it will recover” has already trapped plenty of traders above $120. With 910M shares, even a small negative catalyst could turn into widespread panic. I exited at 105 and still have a small short around 114. No need to force the trade.