General Discussion

moonshinegnomie

(4,147 posts) Mon Jun 22, 2026, 04:44 PM Monday

if you bought space x after the first few minutes of the IPO your down money

it opened at 150 and shot up to over 160 in the first couple of minutes
it closed today at 154.60 (still overvalued IMHO)

7 replies

= new reply since forum marked as read

Highlight:

if you bought space x after the first few minutes of the IPO your down money (Original Post) moonshinegnomie Monday OP

I will buy at $65 bucolic_frolic Monday #1

If I did any trades with SpaceX it would be shorting the stock ! kimbutgar Monday #2

ive gotten smoked shorting tesla many times moonshinegnomie Monday #3

I worked from 1978 to 2013 in the industry also kimbutgar Monday #4

I left the floor in 2006 moonshinegnomie Monday #5

Unless you bought right away it at $150 Polybius Monday #6

i bought the IPO moonshinegnomie Monday #7

bucolic_frolic

(56,326 posts)

1. I will buy at $65

Reply to moonshinegnomie (Original post)

Mon Jun 22, 2026, 04:45 PM

Monday

for a quick flip on the way to 35

65 is not a pick-from-hat number, it has been floated on YouTube by valuation skeptics. He keeps wrapping previous companies into the latest IPO. Sounds to me like debt-restructuring.

kimbutgar

(27,719 posts)

2. If I did any trades with SpaceX it would be shorting the stock !

Reply to moonshinegnomie (Original post)

Mon Jun 22, 2026, 04:51 PM

Monday

You borrow the stock from your brokerage firm and sell it at a higher price then when it goes down you buy the stock at the lower price to cover when you sold at a higher price. In the 90’s I made a nice bit of change doing that. But the brokerage firm I worked at prohibited us from doing it !

moonshinegnomie

(4,147 posts)

3. ive gotten smoked shorting tesla many times

Reply to kimbutgar (Reply #2)

Mon Jun 22, 2026, 06:25 PM

Monday

while im very familiar with shorting i very rarely do it. (i spent 20+ years on the trading floor as a commodity trader like in the movie trading places. now i call myself the worlds only socialist stock trader since i trade a lot
).

kimbutgar

(27,719 posts)

4. I worked from 1978 to 2013 in the industry also

Reply to moonshinegnomie (Reply #3)

Mon Jun 22, 2026, 07:04 PM

Monday

Last edited Mon Jun 22, 2026, 10:46 PM - Edit history (1)

I couldn’t image doing it anymore. And I met a lot of pricks! Howard Lutnick for one. Don’t miss getting up early but the money was good and I was able to buy a house and still have a nice 401k that I haven’t had to touch.