← Back to dashboard
Share
1100%
r/wallstreetbets
$SPCX vs $SPCE the degenerate thesis was hilariously wrong
Investor summaryNeutral
WSB's meme theory that retail would accidentally buy $SPCE instead of $SPCX IPO failed; $SPCX surged 28% while $SPCE dropped 28%.
Post body
Remember when half this sub was convinced $SPCE would moon on $SPCX IPO day because “traders will see the ticker and buy the wrong stock”?
The theory was:
a.) SPCX IPOs
b.) Retail investors are low IQ and can’t read
c.) They accidentally buy SPCE
d.) SPCE goes to the moon alongside the real stock, $SPXC 🚀🌙
Actual results today:
$SPCX: +28%
$SPCE: -28%
Not only did the market prove WSB wrong, it somehow inverse-WSB’d the trade with mathematical precision.
The people buying $SPCX apparently knew exactly what they were doing, while the people holding SPCE got wrecked.
I love r/wallstreetbets 🫡 Never change, degenerates.
Discussion · top comments
No comment snapshot fetched for this post yet.