[ExI] spacex ipo

[spike at rainier66.com]

-----Original Message-----
From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of
Adrian Tymes via extropy-chat
Subject: Re: [ExI] spacex ipo

If you bought at issue and bailed out (on general principles of not knowing
where it's going long term) at end of day, you'd have made...maybe 20%,
before fees, from a one-time event limited to how much you could gamble on
such things.

More likely, if you tried to get in today without tying up a bunch of money
up front, you'd have been shunted to the back of the line.  Buy at about
$169 (which appears to be where the slope of tied-up-in-advance buys finally
let off), sell at about $161, for $8/share loss before fees.

Woo.  Hoo.  -_-
_______________________________________________



Ja.  I wouldn't buy any IPO before I saw their S-1 however, and I found
Elon's unconvincing.  This is why I was hoping to get some commentary here,
for Musk is just the kind of guy who would have hung out in this forum, had
he not been preoccupied making a trillion dollars.

His risk factors section seems to be all about risk of government
interference rather than any technical challenge.  Good luck with that.

spike