u/Temporary_Most5517
Reddit r/wallstreetbets
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Short
Jun 02
$7.52
+43.0%
The author bought 500 SPCE shares at $7.00 and sold at $8.50, stating “people really are that stupid” – implying the buyer at $8.50 overpaid. The author views SPCE as a meme stock with zero fundamental support, and the quick $1.50 profit came from irrational buying. SPCE is likely to revert toward its lower mean after the hype fades; a short position captures the expected mean reversion. Continued meme momentum or positive news could push SPCE higher before dropping.
The author bought 500 SPCE shares at $7.00 and sold at $8.50, stating “people really are that stupid” – implying the buyer at $8.50 overpaid. The author views SPCE as a meme stock with zero fundamental support, and the quick $1.50 profit came from irrational buying. SPCE is likely to revert toward its lower mean after the hype fades; a short position captures the expected mean reversion. Continued meme momentum or positive news could push SPCE higher before dropping.
NatSec
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