Thoughts on SPCX's momentum into year-end
Hey everyone, been watching the $SPCX run closely, and the kind of day we saw, up 15.83% to 133.11, is making me think about where this can go in the short term. We've certainly caught a bid, and the volume on that move suggests some real conviction.
My take for a price target by month-end, say December 31st, for $SPCX reaching 140 or higher, is probably around 60%. The catalyst is obviously the continued hype around AI advancements and the potential for a strong Q4 earnings season for some of the underlying components. However, there's always the risk of profit-taking after such a sharp run, especially heading into year-end for tax purposes. I'd put the odds of it pulling back to retest the 120-125 area sometime before year-end at about 40%. It's a tricky one given how speculative the AI space can be, but momentum is a powerful force.
That's an interesting take on SPCX. While the recent move is strong, reaching 140 by year-end seems a bit ambitious given the current market climate, even with the volume. I'd be curious to hear your specific catalyst for that kind of continued upside.