Bubble Pop or Buying Op?

[jiesen]

Lots of high fliers today are tanking - Crypto, quantum stocks, and gold miners included.. even NVDA has fallen 5%. Are we at the point where the bubble has burst, and it's a free fall from here on these, or is this just a temporary setback, and these are all going back up 10% again next week?

My gut tells me this has a lot to do with upcoming AI launches - SpaceX, OpenAI and Anthropic. Retailers want in on these, and are selling all their bitcoin this week so they can buy into the IPO craze next week. What are the big banks gonna do though? Buy more, or unload on IPO day? Definitely will be a chance to make money here, one way or the other!

[jiesen]

SPCX IPO anyone, anyone?

Bueller?

[jiesen]

Oh wow, it starts with a bang! First 150, now 160! Do we see 180 today?

[jiesen]

Well, it didn't hit 180 yet, but it's come pretty close a few times now, and at 176+ it's looking pretty likely 180 is coming right up for SPCX. Too bad I have SATS instead of SPCX, or I'd be getting ready to cash out with some quick profits on this one... Ah well, can't be right all the time, unless you're $$MM!!

[jiesen]

Yep, 180 just hit. Definitely was money to be made here on the long side, if you could get in on the IPO!