AcPotango

@cmsinvests ETFs and Indexes

Can someone please explain to me why anyone would be buying $SPCX at $185 right now?

@WilderStocks @grassosteve by end of year I agree this will be sub $100

@AcPotango @grassosteve Good point, agree the float is low which could lead to a longer upswing. Pull back is coming though, no way it just stays above these levels

Got an allocation in $SPCX on June 12th and added to it today. We're already above $175 which starts the early unlock clock. Everyone's worried about supply hitting the market, but MSCI, Nasdaq and Russell are all forced buyers in the next 30 days into the thinnest float in IPO history. Supply meets a passive buyer. In the end I think the bulls and the math win. $SPCX

@WilderStocks @grassosteve It could go on for at least another couple weeks as ETFs add and then Indexes. That low float is very low...

@grassosteve Added at $175 seems crazy. Do people really think it's going to just keep going and not pull back? IPOs always pump on the first day or two? Why not wait a week or two at least? No way this initial hype keeps up. I'll be shocked if we are over $180 even by this friday

@EricLDaugh what a joke, we started a war and then totally surrendered to them

🚨 JUST IN: Iran did NOT GET what they wanted in President Trump's strong Iran deal — the US is NOT leaving the region, and Iran is getting $0 in unfrozen assets unless they comply The Strait of Hormuz is set to OPEN fully on FRIDAY 👏🏻 "They wanted US forces to leave the Middle East and abandon all bases. That's not going to happen...even if there is a drawdown of the military, there will still be thousands of forces prepared." "There is this economic leverage, they won't get sanctions relief they want and need if the US doesn't get everything they want." @TreyYingst

@calvinfroedge the market can remain irrational while i become insolvent

The world has lost over a billion barrels of oil We've had fake deals and fake ceasefires for months All the big tech companies are selling stock in the most overvalued market in history This is all a giant s*** show and it's going to end badly

@StealthQE4 that actually sums it up perfectly. Also maybe Democrats crying, no one should be a trillionaire, let us tax everyone more

My X feed today: Trump: Iran deal is done. Iran: no deal yet $SPCX Elon is a trillionaire. That’s it 🙃

@EconstratPB For once my timing was lucky, I'm in a 1.99% 15 year mortgage. 10 years left

One reason the consumer is doing ok despite the hair pulling over real inflation adjusted wages. They are getting a stealthy inflation offset on the positive carry of their home, most people’s biggest asset. Think about that for a minute.

I don’t understand why we have to have jobs and paychecks and everything when we could just trust Elizabeth Warren to give us what we need.

@Dr_Gingerballs so they did use a low float out of the gate to reduce risk, but that will get increased over time. I agree algos are weird, but that arg could be made for the entire stock market right now. But I don't like the Index inclusion piece, that is BS. But by year end it open

@AcPotango The only way something is marked to market is if it is actually traded. With all of the algorithmic stuff it’s impossible to gage how the market would actually respond to 5% sell off event. Likely would crash the market.

Musk $1T net worth is not real. It’s an illiquid, non-marked-to-market measure of his influence and control. It is a measure of how much faith his religious followers put into him. I’m saying this partially because I think he is a con man but also very very valuable to a lot of people, and partially because it’s stupid to then speak about his net worth in terms of liquid things like taxes. A wealth tax would force illiquid power brokers to mark to market, which would collapse their wealth and thus the tax revenue. If Elon had to sell 5% of what he owned every year by selling shares, his valuation would collapse, and so would the tax revenue (and so would the companies). You could tax his company profits, but that’s only something like $30B cumulative. So 5% of that is $1.5B over the last 15 years? Why even bother? His impact on GDP is basically zero. The stock market is mostly a mirage, owned almost entirely by the rich and the old, which is a tiny part of the total economic pie. It keeps going up because inflation is out of control. Fix inflation and the valuations that disgust you go away on their own.

@Nalanthian they think this is Elon

It amazes me how many people actually believe Elon Musk has. Trillion dollars liquid asset. No grasp on stocks or property value. They just think he has a trillion sitting a vault somewhere.

@GodsBurnt Yeah, they did launch this perfectly, and kept it in a good range and was surprised the volatile market was calm. It may dip, but I think it would be foolish to short prior to July 4th and getting pulled into Indexes

This is CRAZY. In all my 28 years of being a professional trader I have NEVER seen a more perfect launch than $SPCX. Most people think this thing will pull back but DO NOT listen to them. They are complete MORONS and they don't understand the value in having a monopoly of space. There's no way anyone can price SpaceX properly. Elon might be the first trillionaire SpaceX created but he will not be the last. DO NOT FADE THIS COMPANY.

A Trillion dollars is just the new upper middle class

@P_Remarks I honestly don't know why they are incinerating all of their capital. Just cut it in half and slow it all down, they all could easily do that

@BlacklionCTA Jane Street has deep pockets

At what point do these algos that pull every bid and lift every offer on an Iran tweet run out of money or blow up? I am sure this was insanely profitable weeks ago, not sure it is now.

So the NASDAQ jumped 2.5% on a Trump-Iran deal news. So turns out that was a lie. If the market doesn't drop 2.5% today, Monday will likely begin a crash

@ekwufinance and then the shortages will force higher prices in a spike like never seen before

There are 2 different types of demand destruction: 1. High prices are the constraining factor 2. Shortages, where availability is the constraining factor Thanks to Axios + Trump, we will skip high prices and go straight to shortages.

@DarrigoMelanie lol, Must is creating about 300 millionaires today. How many have Dems made? Other than their grift NGO buddies?

It is a moral failure of our country that we changed the rules to create a trillionaire while doing nothing about the 771,000 homeless and over 18 million who do not have enough to eat.

@Ross__Hendricks CFO leaving after CEO just left, not a great sign for investors

$ADBE beats and raises... no signs of disruption anywhere to be found in the financial statements Then again, who cares. It's software, so let's mark it down 10% after hours just for fun

@johnarnold The NASDAQ jumping 2.5% on his most recent fabrication shows you how the market is just a Press Release algorithm trading machine now. Not going to end well imho

3/1: "four to five weeks" 3/9: "very soon" 3/16: "won't be long" 3/23: "very good and productive conversations" 3/26: talks to end the war are “going very well" 3/29: "I think we'll make a deal with them, pretty sure" 4/1: “very shortly” 4/6: "They’ve made a proposal, and it’s a significant proposal." 4/8: ""A big day for World Peace!" 5/18: "we’ve had very big discussions with Iran" 5/23: "will be announced shortly." 6/1: "rapid pace" 6/11: "next few days"