$SPCX It dropped from 228 to 145, a 36% decline. For an underlying asset with very solid fundamentals, that’s quite a large drop.

My take is cautious optimism. There is a probability—though not high—of breaking below the issue price. If institutions want to push it below the issue price, the best “washout” method before 135 and down to 131 would be to dump and accumulate. But they don’t have the time: on 8.6, the first batch will be unlocked, so the price will definitely be pulled up higher to align with everyone’s interests. Below 150, institutions’ desire to short should not have more momentum than their desire to go long. Besides, market sentiment is already at rock bottom—can it still fall into an even deeper ice pit?

For the second half of the month, I’m bullish on $SPCX above 175. Humanity’s future requires continuously increasing capital to solve many problems—investing $SPCX is investing in Musk. Institutions aren’t unaware of this. Low-priced chips have already been accumulated pretty much. Moving upward aligns with the interests of all parties. As long as there is trading volume, there will be a future. Below 150 won’t last long. The end-of-month target price is 185! Wait and see.