I was thinking that 135 USD was not even buying one. share of space X, others have speculated that it will be more in the region of 165 USD , it's the twelfth of June and I was certain I was trying to get 10 shares at least or I was going all out and spending the 8k AUD I have in my tiger account that is undesignated to other shares, if the space X shares were going up straight away I was considering owning them for a matter of days, if not (increase 30%) I was holding on to the for the long run, whoever reading this and my tendency to fall in the category of investors who succumb to the FOMO phenomenon, which ever way it goes I'm probably going with my gut feeling and doing what I can only if it's to say I owned the shares of SpaceX, đ¤đ
SpaceX Retreats 30% From Peak! Wall Street's $227 Target?
SpaceX fell another 7.8% today, extending a roughly 30% pullback from its $225 high since debuting on Nasdaq at $135 on June 12. Despite persistent losses, ongoing AI unit cash burn, and phased lockup expirations beginning late August, most institutions remain bullish â FactSet's consensus from 10 analysts pegs the average target at $227, Oppenheimer rates it Outperform, and its Nasdaq-100 inclusion on July 7 is expected to attract passive inflows. Morningstar's DCF model, however, values the stock at just $63. After a near-50% drawdown, do you buy the dip or wait for lockup expiry?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments