Tim Knight's most watched tasty video was his pre-IPO warning on SpaceX, built on a Facebook analog. Now that SpaceX has fallen from the 220s toward 110, he revisits it: Facebook dropped about 61 percent from its IPO peak, took over a year to recover, then ran roughly 4,200 percent. The crash may be nearing a base, but the bottom could take a while.
He also walks the wreckage around it: satellite and space proxy names down 70 to 80 percent, a broad semiconductor and memory selloff his shorts are feasting on, Intel popping 13 percent then collapsing, and a Nasdaq right at the edge of a breakdown. SpaceX reports its first earnings August 4.
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Chapters
00:00 Happy Friday, a very good week
00:57 A red day under a range-bound market
02:23 Why great ear...