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It’s going to be a terrible investment based on fundamentals. It’s all FOMO right now.
Chief
Yes!!! The numbers don’t make sense.
fortunately i cant buy single-stock names because of my job, so none of that fomo is hitting me right now. feels like its going to sink at some point. unless the merger with tesla happens sooner than we think
Chief
Are you at a bank? I bot a few sticks but I’m not chasing.
People are going to lose a lot of money when the honeymoon period is over and he and the billionaires in his inner circle start dumping the stock
Chief
Exactly. If I’m not mistaken, insiders can sell in August.
For what I’m seeing it’s more about the risk of missing out than them having any sort of faith or knowledge about the company. It’s a really dangerous game.
For most of my clients that are invested in manage money, whether they hold ETFs or mutual funds, a majority of those funds are gonna pick up SpaceX regardless this is better for my clients instead of holding that Risk directly .
I never invest in IPOs. I always wait at least 3-6 months. I feel like everyone has FOMO right now and it’s going to backfire.