The News Is Out

Now that the SpaceX ($SPCX) IPO has occurred I am back shorting the beneficiaries of that transaction:

* $GS $1067.89

* &MS $215.15

Position: Short GS (VS), MS (VS)

SpaceX Begins Trading

I had guessed on Twitter that the SpaceX ($SPCX) IPO would open up by about 10%.

That “forecast” is looking reasonably accurate.

I also believe the opening could coincide with a short-term market top.

Position: None