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Hello my fellow regards,
See TLDR and screenshot if you simply want a play to ape into.
In my mind, there is simply no way space is not gonna pump this week, and I cannot be the only one who thinks so. I find it unthinkable that everyone is focused on tech, memory etc while we have Elawn stock dropping on Friday. The play is literally right under your noses. I dont believe Trump and Eloan will let the market turn bearish when arguably one of the most anticipated IPOs of all time will happen, so I definitely expect a juicy TACO incoming. I could be totally wrong though, keep that in mind.
A few weeks ago I thought the same and I caught two smallcap stock pumps starting with the name S (cannot say because of $500m mcap restriction) resulting my acc shooting up from a around $500 to $16000, at its peak, exiting at $11000.
My gf told me to take it out, but I, just like the rest of you, have delusions of grandeur about hitting 100k, or even a million (truly regarded). 11k felt like nothing. Now that my port dropped back down to 3k because I got cucked by AVGO/PL earnings, and Black Friday, I think about that differently, but hey at least I feel alive.
The reason why I have not decided to sell is because I expect space to go crazy this week. Multiple reasons why I think so:
1. Look at the charts: they have cooled of extremely much, most space stocks are down 30% another big sell off would be crazy to me. Smart retail will be looking at this cool off, combined with the SpaceX anticipation and realize that they should get in now before it is too late. What I think will happen is that a runup will happen because of smart retail and institutions buying after the drop, after which the regarded rest jumps in.
2. IV: Since the stocks dropped so much and everyone focused on other areas, the IV’s have dropped a ton. Yes, the IV percentiles are still high, but 2 weeks ago they were at a percentile of 100, are you gonna tell me that it wont reach maximum IV just before and after the IPO drop? The day of IPO drop will probably also be extremely volatile since there will be a ton of buying and selling pressure.
3. Wallstreetbets sentiment. Rarely anyone is focused on space stocks, and the sentiment that does exist if negative. Everyone is only talking about memory, tech, AI, etc. Look in the daily discussions thread, no one is talking about space. This is also how I knew I got in at the right time for the two small stocks. Always try to be earlier than the other regards in this sub. Once everyone starts posting about space stocks and rocket emojis you will know it is time to sell.
4. RKLB/PL/the smallcap stocks historical bullish price movement. Look smallcap chart, it has multiple times 2-3xed in the span of a week, and recently has had a lot of bullish news. RKLB as of the last month also is the poster child of the space sector and has had massive gap ups. And PL had an amazing earnings, and great historical price movement, but their low IQ management decided to dilute after the killer earnings
Anyways, enough yapping.
TLDR; Space go boom because of Elmo IPO. Everyone is regarded for not seeing it, literally cannot go tits up
My positions: see screenshot
I have decided to fully ape into deep otm calls. Only copy this if you want to go big or go home. If you want to have some risk but dont wanna be a full-on regard, I suggest you buy ATM options.
If my port fades, so be it. If I am right, I will take it all ou.
Just kidding, I’ll probably leave in 5k and will be back in the casino next Monday along all you morons.
This is not financial advice. If I end up being wrong and you lose money because of this post, I am sorry, but dont forget it was your own choice for jumping in.
If you end up making big bucks, send me lewd pictures of your girlfriends/wives 🙏
Godspeed Regards