It’s quite, quite obvious that the thrill and exhalations surrounding rocket companies has been totally spent now that SPCX is public………..sort of 100% precisely like I predicted.
The diminishment has only just begun:
Apollo 12
Alphabet Poop
My biggest cash-maker this morning is Google, more formally known as Alphabet (GOOGL). It has broken hard under its small right triangle pattern, and I have no intention of covering.
Uncontrolled Re-Entry
Standard disclaimer: as much as I’d love to see the stock market plunge for, I dunno, every day for the next five years, it is in the best interest of the Knight clan for SPCX to do nothing but go up. As a chartist, however, and a person mildly acquainted with fundamental data, I recognize that this sucker could easily go to $50 in the next year.
The next psychological break will take place at $150, at which time EVERY purchaser of this stock from its IPO day will be in a losing position.
Greenspan Put Expires
Happy new week, everyone. Let us celebrate that we don’t have to deal with a mandatory three-day weekend for – – errr – – well, I guess just a couple of weeks. Sheesh, let’s face it, there are WAY too many holidays for our own good.
Well, the news isn’t all bad.
