SpaceX stock tumbles 23% from its high, as average investor sees gains wiped out
https://www.nbcnews.com/business/corporations/spacex-stock-investor-losses-rcna351260Open linkView original on toast.ooohttps://www.nbcnews.com/business/corporations/spacex-stock-investor-losses-rcna351260Open linkView original on toast.ooo
No!? What?? Who could have predicted this!!?
Meaning to say that average investors either got greedy or didn’t know to get out after early gains?
Don’t worry, they’ll pump it again. It’s the new meme stock. Look at how well Tesla is doing despite the company underperforming compared to most of the auto industry.
Classic Pump and Dump.
Profitability is all in the mind.
Apparently.