SPCX

[thetragichippy]

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

[Porter]

45 minutes ago, thetragichippy said:

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

 

[Porter]

 

[thetragichippy]

2 minutes ago, Porter said:

 

yup - they own the stock - if they all sell around the same time, look for a temporary decrease in price. 

[OlDawg]

1 hour ago, thetragichippy said:

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

Good Luck! You bought at a multiple of 150. Theoretically, it will take you over a century to break even. I like Musk's creativity and marketing. I like his pure drive. I wouldn't bet against him. I just can't see paying that kind of multiple for an unprofitable company. Definitely not what I'd consider 'buying low.'

I'll just take the small sliver that will be allocated in some of my funds, and hope it's successful.