Tomorrow, 911.5M shares held by employees and early investors become eligible to trade. ā¢ Share increase: +43% vs. the 638.9M shares issued at IPO. ā¢ Free float expansion: Jumping from 4.9% to 11.8% of outstanding shares. With this flood of new supply hitting the market, short-term selling pressure could easily push $SPCX down below the $80 mark. If we do see a dip under $80, it presents a prime long-term buying opportunity to stack shares.
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Thang N@thestockman35 Ā· 19d
It's probably going to be a 5% to 10% drop tomorrow because a lot of people are eligible to finally sell their stocks. If I were those people, I would would at least half of my position because everyone knows it's already way overvalued and you need to cash out now. Buy a house, car, or boat or pay off your debt.
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