$SpaceX(SPCX.US)I sold part of my SPCX position around its IPO price. After the recent rotation, the hardware sector is once again attracting capital on every positive catalyst, and that could put pressure on smaller thematic names like SPCX.
I’m not necessarily bearish on the story itself, but when liquidity starts concentrating back into hardware, other high-beta themes can get ignored quickly. For now, taking some profit near the IPO price feels reasonable and leaves me with room to see how the rotation develops.
My takeaway: when capital starts crowding into one theme again, protecting gains matters more than forcing the next move.
@Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.