Hey gang,

I closed my SpaceX (SPCX) position yesterday afternoon for a nice win. Now I’m flat.

I want to see how this thing reacts to earnings before I do anything else.

SpaceX just reported for the first time ever. Tomorrow, about 40% of the float will come unlocked. And the short float is already around 25%.

I see more downside first… into the lockup, maybe through Friday, as the pre-IPO people finally take the profits that’ve been burning a hole in their pocket.

That’s fine. Let them sell.

In today’s video, I go through:

• Why I judge an earnings report by the market’s reaction, not the numbers
• Google missed two weeks ago and the stock is up $80 since
• How to read the expected move off an options chain in about 30 seconds
• Where SpaceX sits inside that move right now
• A stock that moved almost double its expected move this morning

Click the image below to watch the video

Or click this link here.

Don’t rush the SpaceX trade this week. Let it breathe, let it have its wiggles, let it waggle around. Let the people who want to sell, sell.

There will be people coming in behind them. That’s where I want us to be.

Here’s what I’m actually excited about…

And it isn’t just SpaceX. There’s a whole group of names in this same field, and they’re all heavily shorted. Huge short floats. 20%, 25%, 30%.

Every one of them ran up into the SpaceX IPO and has been bleeding ever since. They’re oversold, they’re sitting there, and nobody is talking about them, let alone wants to touch them.

It’s a one-sided trade.

So what happens if they’re suddenly wrong? They have to rush for the exits.

I think next week could be one of the most epic short squeezes we’ve seen in years.

YOUR ACTION PLAN

I’m running an Open House next week, live all day every day, 100% free. I’ll show you the names I’m watching, how you find the trigger, and how you know when it’s firing.

I feel like a kid waiting for Christmas. I just want to get through this week.

Sign up here to join me.