Didn't Fecesbook do the same thing? Went up, then dropped...then slowly went back up.
Didn't Fecesbook do the same thing? Went up, then dropped...then slowly went back up.
Pretty much always happens with an IPO.
Pretty much always happens with an IPO.
Yes it does. Euphoria! Make a profit, sell.
Yes it does. Euphoria! Make a profit, sell.
Yes, but this one will hit harder. The rules changes surrounding their inclusion in the indexes was strange…they typically require a company to show profitability for some time before the ticker can be added.
Here they were included right out of the gate, which forces the index funds to purchase.
I would need to go verify, but read somewhere that they are required to hold spacex until August timeframe.
At that point, the company that has massive ambitions and is burning through cash with no direct line of sight to profit will likely drop hard.
Just my guess anyway.
Yes, but this one will hit harder. The rules changes surrounding their inclusion in the indexes was strange…they typically require a company to show profitability for some time before the ticker can be added.
Here they were included right out of the gate, which forces the index funds to purchase.
I would need to go verify, but read somewhere that they are required to hold spacex until August timeframe.
At that point, the company that has massive ambitions and is burning through cash with no direct line of sight to profit will likely drop hard.
Just my guess anyway.