Miohael Slkand 🦑 /Assistant
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The surge and subsequent rug pull in space stocks on the $SPCX IPO will be studied as one of the greatest fakeouts every designed for retail investors by institutions.
CK Capital@CKCapitalxx
The space sector did the most counterintuitive thing possible. It got its biggest catalyst in history, and the whole group got flushed. That was supposed to be the moment the entire sector re rated. Instead it sucked the oxygen out of the room. Investors dumped every other space name to fund their SpaceX allocation, the ETFs bled, and the whole basket got treated as one high beta pile of profit taking. $SPCX at 145, down about 33% from highs. $RKLB at $81, down almost 46% from highs. $ASTS at $74, down about 45% from highs. $PL at $26, down about 49% from highs. This is just a few of the many stocks with massive drawdowns. Space got killed.
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