DXYZ - says you can invest in spaceX. The fomo is strong with one.

Noticed DXYZ only about a day or so ago. Going bonkers but it's got a catchy pitch - own shares in private companies like spaceX.

Just wondering if anyone has trading thoughts about this degenerate's delight... gone from 20 to a $100 in a few sessions

story about them in the times...

https://www.nytimes.com/2024/04/05/technology/invest-private-tech-openai-spacex.html

 

You are too slow by a few days.
Where were you on 4 Apr 2024 (or earlier) when there was a significant increase in volume?

By the time you read nytimes, the ship / dxyz has already reached its destination.




FOMO

------>

FAMO
Fxxxx Already Missed Out

 

I wouldn't go that far. It is near mipossible to call a top in a meme stock.

 

It might continue to go up.

 

Matt Levine wrote about DXYZ in his Bloomberg column yesterday:

https://tinyurl.com/240408BBLevine

This is a gift link. A Bloomberg subscription is not required. The link expires in seven days.

Also, have a look at the ARK Venture Fund (ARKVX):

https://ark-ventures.com/portfolio/

And this site:

https://accessipos.com/

 

but how does DXYZ then make it's money....what does it say on quarterly reports? we made x amount based on what...

 

As mentioned a million times,
trading and reasoning/rationalizing don't mix.


professional traders focus on the chart;
uptrend - take long position
downtrend- take short position.



Professional writers will do all the reasoning/rationalizing and
they don't bother about the trend.


So you have to decide whether you want to be a
professional trader or writer.
And both of them can earn $$$$$$$.

 

so they have no earnings. cool.

 

It has only been trading 10 days, pretty hard to identify a trend to me. Of course I'm not a "professional trader"... I'm sure they know the trend.

 

I should have made it more complete :

professional traders focus on the chart;
uptrend - take long position
downtrend- take short position.
no trend - take no position