🚨 SPACEX IPO IS MIRRORING THE SAME PRICE ACTION AS TESLA
$TSLA IPO’d at $17, closed its first day at $23, pumped to $30 on day two, then dropped roughly 50% from its high.
$SPCX closed its first day at $176, pumped to $225, then dumped back to $120.
That’s almost the same 50% drawdown from the post-IPO high.
Now Limitless traders see just a a 18% chance $SPCX drops below $100 in June, and just a 4% chance it climbs back above $180.
Market here:
Tesla eventually became one of the greatest trades in history, but early IPO buyers still got punished first.
History doesn't repeat, but it often rhymes.