posted in Technology
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/
TownFlexSpaceX 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.Replying to @stermy4u@lemmy.world
Only if they sold.
And I hope they did. Squeeze the bastards.
Replying to @FlashMobOfOne@lemmy.world
The short sellers were guaranteed sales at those prices
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.
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
Replying to @PattyMcB@lemmy.world
Granted the value isn’t guaranteed to go down