If only you had bought $1000 worth of stock in SpaceX on June 16, you would now have $602 left.
Then again, not believing in Elon's fantasy company means you have $1000 left.
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@randahl They are very clever people (and nothing to do with #spacekaren) but also grifters.
My hope - possibly their hope too - is that, after The Great Correction comes across the USA, SpaceX will just be absorbed into NASA as a Quango.
@randahl But then, part of the point of it was to sell fast, as the initial boost in price was never going to last.
@randahl The structure of your posts reminds me of an old single-panel gag.
A man and a dg are outside of a shop. A sign reads, "50% off sale." The man says, "Let's go inside and save 50%." The dog replies, "Or we can stay outside and save 100%"
Your version updates the gag beautifully. Congrats to everyone who stayed outside.
@randahl The structure of your posts reminds me of an old single-panel gag.
A man and a dg are outside of a shop. A sign reads, "50% off sale." The man says, "Let's go inside and save 50%." The diog replies, "Let's stay outside and save 100%"
Your version updates the gag beautifully. Congrats to everyone who stayed outside.
@randahl When is it low enough to buy again? 🤑 /s
@randahl Old guy at work is always telling the younger workers about investing money. I had been waiting to hear him say he bought stock in SpaceX , and he did. Last year it was Bitcoin.
No wonder he's still working full time at 73 despite collecting social security and a fully vested pension from the Teamsters
@randahl not buying tesla stock was the best investment I ever did
@randahl the levels of corruption and insider trading in the US would probably have any investment hard to make profitable over the longer term.
Unless you ride the day-trading (insider trading) fever pitch cycles. But I advice against that, unless you actually are an insider.
Predictably, stability, rule of law. That's a good investment environment. Don't see much of that these days
@randahl So much winning…
@randahl Maybe the stock will disintegrate in the same way, as the starship will do in a few hours.
@randahl This is pretty common for IPO's, especially ones as hyped as this one. It will take a few years to find its fair value. Most of the prospectus was about AI and orbital datacenters. It will take more than two years, and a lot of capital, to get that off the ground. The prospectus was all story and no numbers. People who bought the IPO bought a story.
This stock is over valued by about $132 a share.
@randahl they're the world's most shorted stock, and I would have shorted them as well, but as Keynes is rumored to have said, "markets can stay irrational longer than you can stay solvent".
@randahl from $1000 to $602...
MAZEL TOV!
SK Hynix not far behind
