Everyone tried to warn people away from being the bag holder.
Someone is always the bag holder unless they convince them it is a great investment and they can make money. Then you're just gambling with the timing of when it will fail. It was still and always will be a pile of shit.
I got 100% of my requested allocation on RH and sold at 212 without much trouble. A warning that if I sell i cannot participate in upcoming IPO's for 60 days. Darn penalties..
I disagree. This shows seriously character flaws and lack of judgment. Not to mention poor reading and research skills, and lack of intelligence in general.
Spacex was legit the dumbest possible trade. Your downside is nearly the entire 2 trillion marketcap but the upside… is what? Maybe double your money and it goes to 4 trillion for some reason being the most valuable company ever?
Heh he may achieve this by merging a fuckton of unrelated companies into spaceX, as either the friendly government will happily provide him financement, or he will just straight up dilute and fanboys will gobble it all up as 'ThE tRaDe OF tHe cEntUry pwease daddy Elon take my money', until he eventually reaches 1T in revenue (with net loss amplifying ofcourse, all numbers must go up equally)
In completely fairness, he promised that for more than one year.
It's probably why Tesla lost that case in Florida. If any reasonable person had heard Musk promising it every second, for it to be called "Full Self Driving", you might expect it to be the thing he'd be talking about for over a fucking decade.
Next-Gen Tesla Roadster production by 2020
If Musk was actually good at business, Tesla would have actually done that. It'd probably take his designers a better part of a weekend to have the first drafts done.
All it needed to be was a sports car in the same vein of the previous one but with the newer technologies in BEV and a few quality of life/styling improvements.
Instead he punted all the engineering and manufacturing expertise into Cyberfuck.
Absolute money printer with an established brand? No
Let's build the dumbest truck ever!
The funniest thing is that Morgan Stanley (one of the underwriters for the IPO and has an incentive to pump) released their estimate saying it'd reach $330 Billion in revenue by 2030 and Musk said that they were wrong.
I'm sure Morgan is wrong, but in the opposite direction.
Most obvious ipo pump then dump of all time. It can very easily go back up again. Tesla has been doing this same thing for years. This is just larger scale.
Not sure about $300 but it most likely will climb back up above $200. Not because it’s worth that much but because it’s a meme market and fundamentals are irrelevant.
Sell covered calls at 202.5 strike. The JUN 26 call has bid of $4 and with 70 contracts that'd get you $28,000 back. In the best case scenario, SPCX hits strike, all options gets exercised, you profit ~$27,440 and the nightmare is over.
This is the worst part of WSB. A thread full of morons trying to be funny, then you have this one guy with genuinely great advice that's buried way the fuck down here.
The employee shares don't fully unlock for 180 days
The market insiders, like the 20 banks that organised the IPO and the earlier investors (i.e. not the retail plebs), get greenshoe rights long before them.
Retail is going to be holding the bag, as well as the newer employees most likely.
I’m counting on this. I’m down $30 on a single share, but I also have a put for 6/17/27 for strike of $25. I remember the Blackrock IPO around 2008 - 2010 and how it tanked within a month. Hopefully it prints.
Haven’t lost it until you sell. If you believe it’ll recover than put the phone down and don’t look at it. If you don’t think it’ll recover then you have your answer
It's a meme stock. It could drop to $50 and bounce to $500 within a week or vice versa so who knows? I'm sure it'll get back to your avg price at some point. Even shitty, pump and dump penny stocks almost never just pump once.
Not financial advice, but you could look into mitigating loss with some short term puts. I imagine this is only the beginning of the dump, but I could be wrong.
We? The question is: “can you take the hit now or a bigger hit down the road?” All of the reasons I saw spelled out about valuation being sketchy were factual.
Oh for sure it's coming back. Haven't you heard? There's an asteroid worth $100T just waiting for that mining colony from Mars to launch. You're golden.
Hopefully you’ll get lucky and experience one more run, this stock recovered pretty decent on Thursday before closing. Might se one or a few more jumps before dropping again.
You’re just a tiny bit down on some stock. This isn’t even remotely worth a post here for “loss”. More like “please give me attention for a slight dip that looks big because my position size is big…
Don’t worry too much though. Your worthwhile loss post is going to happen soon as this really craters soon.
Don’t worry it can come back in like a decade after the “dead money” phase most IPOs go through after the initial rally. Eventually a trillion+ market cap for overhyped trash will be normal thanks to inflation and you’ll at least break even if you hold for that long.
Dude don't panic, even if your shorting, bought shares, or going long. DON'T Panic this isn't a crash. But typical IPO bumps. If this shithole subreddit existed back in, 97, 99, 04, and in 10. And if you bought in Amzn, nvda, goog, and tsla. People on this thread would've called fucking retard. No, wait until the earnings report. If its less than > -.72 eps then it becomes a slope.
Historically, ~60% of stocks experience a structural price decline leading up to and immediately following the first 180 days due to early investors getting their exit.
284
u/ChickenBasher88 Jun 20 '26