$SpaceX(SPCX.US)SPCX has gone through a pretty aggressive short squeeze, with the stock moving up much faster than I expected. After such a sharp run, I’m starting to think about taking some profit rather than chasing the move higher.
For now, I’m looking at around 180 as the area where I’d consider trimming part of the position. I’m not necessarily changing my view on the story itself—I just want to lock in some gains after the momentum trade has played out.
The key question now is whether this move can turn into a sustainable trend or simply burn through the remaining short interest.
@Captain's Treasure
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