Remember when half this sub was convinced $SPCE would moon on $SPCX IPO day because “traders will see the ticker and buy the wrong stock”?
The theory was:
a.) $SPCX IPOs
b.) Retail investors are low IQ and can’t read
c.) They accidentally buy $SPCE
d.) $SPCE goes to the moon alongside the real stock, $SPXC 🚀🌙
**Actual results today:**
$**SPCX**: +28%
$**SPCE**: -28%
Not only did the market prove WSB wrong, it somehow inverse-WSB’s trade with mathematical precision.
The people buying $SPCX apparently knew exactly what they were doing, while the people holding $SPCE got wrecked.
I love r/wallstreetbets 🫡 Never change, degenerates.