SpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.
Nothing is really guaranteed in investing (unless you’re in public office and can insider trade or you’re a billionaire), though the post IPO dip has happened often enough that, yes, it probably isn’t the worst idea to have a plan.
Only if they sold.
And I hope they did. Squeeze the bastards.
The short sellers were guaranteed sales at those prices
Nothing is really guaranteed in investing (unless you’re in public office and can insider trade or you’re a billionaire), though the post IPO dip has happened often enough that, yes, it probably isn’t the worst idea to have a plan.
I mean… short selling requires a buyback at a set price… it’s one of the few guarantees there are in the stock market.
Granted the value isn’t guaranteed to go down, just the buyback and price
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