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Do not buy this stock

Prof G Markets8 views
0:00

Do not buy this stock.SpaceX is going public at a $1 .77 trillion valuation, which makes it the largest IPO of all time.My final message before the stock starts trading publicly, do not buy this IPO.The company is dramatically overvalued.And not only that, this is a rigged game and the game is not rigged in your favor.Here's my prediction for what will happen.

0:25

As soon as it hits the market, SpaceX stock will immediately rise 25%.Why?Because it's the hottest stock in the world and because the banks need this IPO to be successful and they can make it happen.However, my other prediction, within six months and probably sooner, SpaceX stock will be cut in half.Why?Because the valuation makes no sense whatsoever.

0:49

All of the insiders know this, All of the banks know this, and as soon as the lockups expire, you will see one of the largest selling events in market history.

0:58

The stock will tank.Do not try to game this.You will not win this game.Do not buy SpaceX.

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