⚡ JUST IN !!!
SPACEX $SPCX DOWN 10% TODAY - GIVES BACK 14% IN TWO SESSIONS 🚀📉
After a historic 3-day run of 55%+ from IPO, #SpaceX is pulling back hard. Down 10% today and 14% over the past two sessions - the parabolic rally is cooling off fast.
• 📉 Reality Check: 55% in 3 days was never sustainable - a 14% pullback is textbook post-IPO profit taking from early buyers
• 💰 Still Up Massive: Even after the drop, SPCX is still 40%+ above the $135 IPO price - latecomers are underwater, early buyers still printing
• 👀 Key Watch: Whether this is a healthy correction or the start of a larger unwind depends on whether it holds above the $170-175 range
Classic IPO pattern - rocket launch followed by distribution as flippers exit. The real holders are long-term, the question is how many flippers are still in the queue. 💡
