Tell me why buying spacex and holding short term is a bad idea

(Trying to get 200 shares pre release, will probably get 5 or less) \-Broker titans mass emailing clients (even EU brokers) \-Fidelity lowering barrier to entry on spacex IPO \-Coworkers talking about how excited they are \-oversubscribed day 1 \-30B google deal announced pre IPO (Elon building hype) \-Elon cult all in \-FOMO/hype articles getting spammed \-Forced into indexes on 15th trading day \-Reddit is bearish (always inverse Reddit) This reeks of pump and dump and every point above hints towards that but we can’t pretend there’s no early upside green dick from hype/fomo. I use RH and don’t participate in IPOs often so a 40 day ban for selling early means nothing to me, a lot of the broker titans have harsher penalties which might leave a lot of boomers just holding their bag.. most will anyways cause they’re in for the long term, we want to sell as early as day 1 and the very furthest would be the day it’s put onto indexes (selling the news a couple days before it’s out onto indexes is probably the best thing to do instead of holding through that day) You guys will go all in on meme tickers that resemble other companies, some buying TKO hoping trump jetpacks into the white house UFC arena to personally shout out the stock, fresh call options expiring next month on semis already up 200% in the last month but draw the line at the biggest IPO in history. Where’s the casino I use to remember here? Is this a pump and dump? Yes. Will i miss the opportunity to get in early and sell day of release?. No.