Post

I have to admit, this unlock didn't play out the way many expected. Despite the massive 9.1B share unlock, $SPCX has held up surprisingly well. The lowest price was around 115.3, far from the sharp sell-off many anticipated. So what's happening? Are investors simply choosing not to sell? Is confidence in Musk that strong? What's even more surprising is that the positive earnings reaction outweighed the potential selling pressure from the unlock. A few optimistic comments from Musk seemed to have a much bigger impact than one of the largest unlock events in recent memory. I was watching the 115 area, and price came within 0.3 of that level before buyers stepped in aggressively. The bulls are defending this zone with conviction. Whether that's genuine demand or institutional support is up for debate, but for now, the market is clearly absorbing the new supply better than many expected. $SPCX #SandiskBeatAndBuyback #CircleArcLaunch