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In retrospect ... SpaceX IPO maybe isn't going to be the overpriced catastrophe for index funds that we feared??
Investor summaryBullish
Author notes SpaceX stock dipping and rebounding, suggesting price discovery may prevent an overpriced disaster for index funds.
Bull points
- Stock price dipped and rebounded, indicating healthy price discovery before index fund inclusion.
- Initial overpricing fears are mitigating, reducing the risk of index funds becoming bagholders.
Post body
(Via Y!Finance:) SpaceX stock dips below $150 before rebounding
So, by the time index funds start buying their required shares, maybe the price will have adjusted to a more reasonable ^([OK, maybe "less unreasonable" 😎]) price after all, and we won't ALL be bagholders.
What think you? Did anybody predict that price discovery and short-seasoning would happen in this timeframe?
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