$SpaceX(SPCX)$ Short sellers seem to be banking on a wave of selling in August when a large number of shares become unlocked. Their assumption is that these shareholders are temporary and will be quick to sell their SPCX holdings. I don't see it that way, as I believe most shareholders are in it for the long haul with Musk. That's just my personal take.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments