SPCX - Beware, institutional money is NOT buying this trash on the open market

Market-makers are aggressively propping up the quotes over and over (no longing involved) so that:

1. retail FOMOs and starts chasing (both with commons and calls);
2. to attract bears/short-sellers (because fUnDaMeNtAlS) - their liquidity is used to fuel the next legs up as always;
3. institutions who bought early can slowly sell for a multiple of their initial investments (boomers don't know how/when to exit and will baghold once this is all done and dusted);
4. so that the unlock clauses are triggered and insiders can sell earlier.

You can still make money off this circus if you're not too greedy, know how to take a bite and leave, and are okay seeing the stock going further up from your exit points (also exit by taking partials, don't exit all at once, and leave a residual position until either the stock goes parabolic or your break-even is hit).

Remember: institutions always accumulate at a local bottom (in this case, pre-IPO), then prop up the quotes, and then sell high to the greater fools. Smart money never buys at the tops (and never chases) because otherwise how would they make any money? This is a zero-sum game after all. So beware chasing these legs up, take your bites and go trade/swing/scalp something else. The secondary market exists specifically for institutions to dump on retail.