• cardfire@sh.itjust.works
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      2 days ago

      Spacex really changed the game, forcing the markets to load up that ish in our 401(k)'s.

      Next, when Musk threatens to “gift” every child spacex stock in their Trump accounts, it’s another form of using the general public as an exit , well artificially propping up the moonshot companies stock values.

      It is a Master Class in forcing volatility into the financial lives of not just retail investors but Main Street people.

      • sheetzoos@lemmy.world
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        14 hours ago

        In the first month, it was possible to make quite a bit of money shorting SPCX. It’s a fair play if you want to buy and hold it, but I’d much prefer to short a stock like SPCX for a multitude of reasons.

        Though I respect anyone with the conviction to put their money where their mouth is.

    • w3dd1e@lemmy.zip
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      2 days ago

      In old days, but there are so many random retail investors in the market now keeping garbage stocks afloat. Same reason why Tesla is so over valued and why GameStop won’t die.

      Nowadays, stocks are made of fairy dust and wishes. It’s all nonsense when fanboys get involved.