LIVE NOW: SPACEX IPO TRADING AT $160
In a Nutshell
SpaceX IPO opened at $150 and traded up to $160, with the host executing multiple buys and sells using small positions and testing order fills. Market orders caused poor fills due to wide spreads and volatility, while limit orders were recommended for control. Key advice: use small position sizes with money you can afford to lose, avoid leverage, set alerts instead of watching all day, and expect typical IPO retracements after the initial hype.
These notes were generated by AI and may contain inaccuracies.
SpaceX IPO opened at $150 per share and is currently trading at $160 per share. The host demonstrates trading mechanics using one share as an example. Market orders can fill at unexpected prices due to high volatility. A market buy order filled at $160.48, which was $1.80-$2.00 above the listed price. A market sell order at the $164-$165 bid-ask spread filled at $165.84.
Market orders are dangerous with high volatility stocks because they can fill at any price. Limit orders should be used to control execution price. The host demonstrates moving a limit order higher when the initial price doesn't fill. The spread between bid and ask creates significant discrepancies that can hurt traders using market orders.
Rocket Lab nosedived and recovered, then dropped back down to 10-11% in the red after previously recovering to positive territory.
SpaceX is up 23% from its IPO price. The IPO price was $135. The host expresses surprise at the performance and notes a big dump occurred after the initial run-up. The stock reached lows of $160 during the session. The host is not super impressed with the performance despite the 20% move from IPO price.
A 20% move from IPO price is significant but not unusual given recent irrational market behavior. The host does not favor speculative plays but is live streaming due to viewer requests. The host asks viewers if they are impressed or let down by the price performance.
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