Post

18. There are two sides to the $SPCX unlock story. The bearish side is obvious: huge potential supply. The bullish side is that if earnings are strong and the market absorbs the unlock, that fear could quickly fade. But don't assume the negative pressure has already ended. Shares can be sold gradually, not necessarily immediately. With 910M shares, one negative development could trigger a chain reaction. The traders saying “I think it will go up” above $120 are already feeling that pressure. I exited around 105 and remain slightly short at 114. I'm letting the market decide.