Thread: Side Hustle
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Old 03-10-2021 | 09:42 AM
  #746  
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Trip7
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Originally Posted by mispoken
No confusion. What you’re saying is true, the common thread (Elon) is the investment. When SpaceX IPOs I’ll be first in line for that stock too, hoping to get a crack at it in MicroVentures before IPO, actually.
Make no mistake, I am not anti growth. I own FB. I own several Biotech and Healthcare companies. I go where ever I can find sheer outrageous value. What I'm warning against is, no offense, statements like you're above where you are ready to jump headfirst into SpaceX's IPO with no idea of the company's financials solely because they are launching rockets. What Space X is doing is pretty cool but so was the dawn of the jet age which caused permanent loss of capital for many airline investors.

With that said if you are trading these story names using Technicals and Momentum that is more reasonable than saying you are buying and holding. At least in most cases the technic signals will save you from horrific losses

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