I put in am order for SPCX at 50.😁 Remember it IPOd at 135. But, it opened at 150. retail always get…
I put in am order for SPCX at 50.😁 Remember it IPOd at 135. But, it opened at 150. retail always gets screwed. This imo was an exit strategy for long term investors. They aren't sticking around. This is way overpriced imo. Why I didn't buy when offered shares at IPO. But I believe they will try to support it for future IPOs coming in September. If SPCX doesn't hold up not sure retail will get allocation to Anthropic or Open AI. If they do beware. It's a warning there isn't enough institutional demand just like SPCX. When retail is buyer of last resort it's a problem. Look at the lock ups! Float to increase significantly. That's a double edged sword depending on markets. As the NASDAQ is a free float weighted index. Could go either way. It could grow from a tiny weighting today to 10-13% of the weight in just a few months. It's expected that 60% of float will be unlocked by first of year. This will cause passive index fund manager to buy. But depending on what markets do could also cause forced selling. Especially with all the ETFs. JMHO not advice.
