This has run right up to resistance at top of the channel from
the last newsletter update. Braving a short up here with a
tight stop (now at ~131). already was stopped out once when
it bounced up to almost 131. Going to have to hold this into
the weekend -- the +25% new float date is going to be Tuesday, per
Matt's chart below.
Posted by elementsix on 7th of Aug 2026 at 03:25 pm
SPCX - Heck of squeeze this morning. Have to see what level
really flushes out shorts. There have been a ton of them since day
one and I imagine many are still far above water. (as was I when I
exited this morning)
This has run right up
SPCX
Posted by kevink on 7th of Aug 2026 at 03:15 pm
This has run right up to resistance at top of the channel from the last newsletter update. Braving a short up here with a tight stop (now at ~131). already was stopped out once when it bounced up to almost 131. Going to have to hold this into the weekend -- the +25% new float date is going to be Tuesday, per Matt's chart below.
SPCX
Posted by elementsix on 7th of Aug 2026 at 03:25 pm
SPCX - Heck of squeeze this morning. Have to see what level really flushes out shorts. There have been a ton of them since day one and I imagine many are still far above water. (as was I when I exited this morning)
stopped out again. it is
Posted by kevink on 7th of Aug 2026 at 03:22 pm
stopped out again. it is making new highs.
It's got to be Elon on the other side of the screen banging away killing off all the short traders.