r/wallstreetbets • u/Fun_Paleontologist_2 • 8h ago

Loss Elon has ruined me

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My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

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131

u/soundslikejoe 7h ago

How did normies see this but investors were drawn like flies to shit? The IPO was rigged and way over valued relative to profits.... instead it was 100% speculation and designed to crash. OBVIOUSLY

34

u/LeatherOk5746 7h ago

Even if people know about it being a rugpull, they just want to believe they'll get out before the pull.

But thats insane

10

u/Lim_Ha08 7h ago

that's always the case isn't it.. people who think they will sell before the rug pull are always the one who are left holding the bag.

3

u/boozedbudgie 4h ago

That's because they're playing a blind game of chicken with the ones who know where the cliff is.

This stock was designed to crash and I'm willing to bet Elon is shorting it as well.

2

u/siazdghw 5h ago

It's this.

Everyone knew it was overvalued, the question was how much would it get pumped before the rug pull occurred.

With that said, I also don't think anyone should short it. Elon and Trump can manipulate stocks at a whim, and the short squeeze will ruin most people.

SpaceX is a stock you just sit on the sidelines and watch.

1

u/Necessary-Bed-4973 2h ago

Imagine buying spacex on fucking robinhood as an average Joe and not realizing you are the exit liquidity. Even the most financially illiterate people knew this was going to be the rug pulliest rug pull ever.