SpaceX Stock (SPCX)

Upside – $VEEA +45.0% (regained full Nasdaq listing compliance following its reverse stock split) – $XRTX +21.0% (outlined planned FDA IND and Health Canada clinical-trial filings for XRx-026 in gout) – $SAIQ +19.5% (confirmed an October satellite launch advancing its post-quantum secure-communications roadmap) – $HUM +14.5% (2027 CMS Star Ratings exceeded its top-quartile revenue goal, …

I am not sure what I see just yet with SpaceX ($SPCX). I do think that I see two developing technical patterns and both of those patterns tend to produce bearish reversals. Here is what looks like a developing Rising Wedge. It does seem to be closing rather quickly. I see the crossover of the 50-day …

It looks like Broadcom ($AVGO) is already back for another fix. It really makes me wonder how there is enough savings in the world to do this, although the Treasury market is telling you there isn’t: Broadcom CDS Explodes As It Seeks Up To $100 Billion In Massive Off-Balance Sheet Debt Deal At any rate, …

I covered my $SPCX shares recently at around $113 (I shorted it at $213). Position: None

I have covered the balance of my SpaceX ($SPCX) short at $111.80. SpaceX is trading under $112, down from my short at $213 and its high of $225. I value SPCX at about $70-$80/share (as I noted at the time of the IPO). My view is that the Musk/Tesla/SpaceX cult (as they did with Tesla) …