Home Forums Wealth Space X hits $200 then collapses

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    • #13985
      Java
      Keymaster

      206 I think.   Went from 135 to what. 170 on opening day?   People frustrated they missed out.

      what did I write here? Over hyped ipos tend to come back in the first year.  Shoot everything moves faster with AI.  This happened the first ten days.

      space X is $145 today.  I wonder if Brandon is still calling grocery stick.  Hope grocery didn’t spend it all in one place.  Oh who are we kidding.  The space x stock sits right next to the gold nice warm and snug next to the colon

       

      as to me I do like it.  I’m thought about buying jt.  Maybe I’ll see if it has any options yet and sell some at $120 in case it falls further.

      Hope it does well long term. I just want my chance to say no.   Again.

    • #13986
      BigBalls
      Participant

      Yeah, pretty good collapse for SpaceX , I bought a little bit. Lost about 20% so far. Should have listened to you ( and my gut ) . I didn’t spend a whole lot so I guess I will just buckle in for the ride.

       

    • #13990
      Java
      Keymaster

      You don’t want listen to me because I’m a day trading gambler who doesn’t trade at a real brokerage house.  Where they give professional advice.  For a price.

      The runaway market was killing some of my calls.  I have 16,100 shares of lrcx. Lam research.  They make the equipment for Taiwan semiconductor.  Who makes all the chips that Nvidia. Apple amazon and others sell.  Lam exploded from the 200s to 409 as everyone jumped aboard.  And suddenly my calls at 300 330. 350 etc were way behind. One day I thought I was smart.  It was a th or fri. My calls for lam were at maybe 360?  The price was probably 345 that day and steady.  Safe yes?

       

      so I said well let’s sell some more for next week.  Way up around 390 since the 360 will expire tomorrow.  I swear within minutes.  Hours.  Some researched ups their price target.  Everyone goes crazy. And now lam rises to 390 and I have sold 161 calls for all the shares at 360 and and and had sold them again for a week later at 390

      anyway I rolled out of them forward a couple times and now they are at 395 this Friday and 425 next Friday. So the market crash today took lam down to 368. Cost me $650k but I’m glad because if it stays below 395 then I just have to worry about next week.  And even if it gets back to 425 and I’m cashed out next week?  Boo hooo all the way to the bank.

      never thought I’d be happy to lose $650k in a day.  Investing makes strange friends and enemies

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