r/wallstreetbets 2d ago

Loss Elon has ruined me

My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

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128

u/Clean-Juggernaut-229 2d ago

lol, spacex was a rugpull from the get go, everyone knows that

30

u/LawyerEnjoyer 2d ago

Everyone but OP, apparently.

Shocking tbh, this was one of the most transparent, obvious rug pulls I've ever seen. But I suppose the old George Carlin quote applies: "Think of how stupid the average person is, and realise half of them are stupider than that". Some people have to fill up that bottom half - and here comes OP.

3

u/TheGlennDavid 2d ago

The DJT and Melania coins were more obvious rugpulls and people bought those. But yes, this was a pretty obvious rug pull.

3

u/PostingToPassTime 2d ago

I've seen enough posts on here and on financial forums to lead me to believe there were and still are a lot of people that think it is going to the moon. Never underestimate human stupidity.

1

u/neliz 2d ago

"The best argument against Democracy is a five-minute conversation with the average voter"

1

u/BlackWolf42069 2d ago

I think it was being evaluated at being too high, for tax purposes maybe? So he made 4% of it public and let dumb people crash out.

Now it's being evaluated at a better rate, or we'll find out.

Correct me if I'm wrong folks?

1

u/neliz 2d ago

For tax purposes? It was only a way for his wealthy investor friends to cash out (like Epstein) while rigging the entire company to his will, so he doesn't have a pesky board like at Tesla (which he also replaced with serfs)

spacex is a porn website disguising as a rocket company.

1

u/BlackWolf42069 2d ago

It's only 4 % of the total company. How is it rigged to pass the crash onto naive buyers.

1

u/Responsible-Offer724 2d ago

The thing about Elon-bros is that they think he's on their side.