bearish. can trade it if you can see the future or are good with technicals. look at Mr Perfect PLTR.. now also go down despite being a straight A's student. Space X new kid on the block is turning heads but after the semester is over... it's gonna lose its shine.
people like to find all sorts of reasons to correlate to the market. today my pet fish died, so I think stock market will go up to make me Happy [Happy]
they are overpriced but cheap. AMD increasing growth rates. NVDA sleeping giant. AVGO leader of custom ASIC and AI chips. TSM factory that makes everything. Buy all !!!
Every dip in the next 6 to 12 months is healthy in the short to mid term. Just buy the dip or wait it out. Even my puts underwater, I just roll. Don't scared. Buy at support.
Why chase Space X ? Other space stocks$Rocket Lab USA, Inc.(RKLB)$ can buy at lower valuation. Only time to buy Space X it's when it bottoms or you see a clear bullish trend