The SpaceX ($SPCX) debut has retail acting like starry-eyed tourists. To buy the shiny new thing, traders are panic-selling their existing space portfolios—smashing $SPCE down -27%, $RDW down -8%, and $RKLB down -6% just to free up cash. History shows that for catalyst-driven gaps above 20% like $SPCX, the setup closes red 62% of the time across 4,898 historic cases.
On the other side of the tape, Pop Culture Group ($CPOP) executed the ultimate corporate rug pull, dumping 53 million shares at a massive discount to erase Wednesday's entire 322% earnings pump. It is currently down -80%.
Receipts time: grading our June 10 calls. $VSME is down -46% (Win). $MSW is up +5% since our warning (Miss). We keep it 100 on both.
Before you chase $BYAH’s 'AI skincare' pivot, close the charts and enjoy your Friday.