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posted in Technology

stermy4u@stermy4u@lemmy.world
⁨21⁩d

SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B

townflex.com/spacex-stock-slips-below-ipo-price-as-short-sellers-profit-15-5b/
SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5BTownFlexSpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5BSpaceX 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.
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FlashMobOfOne@FlashMobOfOne@lemmy.world
⁨21⁩d

Replying to @⁨stermy4u@lemmy.world⁩

Only if they sold.

And I hope they did. Squeeze the bastards.

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PattyMcB@PattyMcB@lemmy.world
⁨21⁩d

Replying to @⁨FlashMobOfOne@lemmy.world⁩

The short sellers were guaranteed sales at those prices

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FlashMobOfOne@FlashMobOfOne@lemmy.world
edited⁨21⁩d

Replying to @⁨PattyMcB@lemmy.world⁩

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.

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PattyMcB@PattyMcB@lemmy.world
⁨21⁩d

Replying to @⁨FlashMobOfOne@lemmy.world⁩

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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FlashMobOfOne@FlashMobOfOne@lemmy.world
⁨21⁩d

Replying to @⁨PattyMcB@lemmy.world⁩

Granted the value isn’t guaranteed to go down

⁨Jul⁩ ⁨24⁩, ⁨2026⁩, ⁨19:00⁩en
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