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r/letfs
Sold off XOVR to buy SPCH. Good move?
Investor summaryBullish
Sold XOVR due to poor performance and bought SPCH for a short-term play, also considering it for long-term if bullish on SpaceX.
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To clarify: this is a short-term move. I can see myself setting a Trailing Stop Loss order on SPCH somewhat soon. I was just disappointed in the relative (non-) movement (actually loss) of XOVR on Friday, and only up a few % points today. Bought SPCH at market open at 315 shares @ 16.63 ACB, so already some good movement today.
Anyone looking at this as an especially good short-term play (I am thinking it will be decent for a few weeks to a month). Or even a somewhat LT play if you have conviction in SpaceX and can handle a few potential swings?
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