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Bi Trader 03
Bi Trader 03
Everyone is watching the unlock—but the more important question is how much of that risk has already been priced in? For traders watching $SPCX , the 100 level remains a key support zone. From current levels around 110, that implies roughly another 9–10% downside if selling continues. IPO unlocks often create additional selling pressure as early investors gain liquidity. However, history also shows that unlock events don't always lead to prolonged declines—especially when expectations are already reflected in the price. Here's the current setup: • The stock has already retraced 15.4%, falling from 130 to 110. • After a brief two-day rebound, earnings sparked a short-lived rally before sellers regained control, pushing the price sharply lower with little meaningful support. • That's a significant move in a short period, and markets rarely trend in one direction indefinitely. Could the unlock trigger more downside? Absolutely. But unless selling pressure accelerates materially, a meaningful portion of the near-term risk may already be priced in. If the company's fundamentals remain intact and institutional or index-related demand emerges, buyers could begin stepping back into the market. #SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck

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