News & Updates
Does “Buy On The Rumor, Sell On The News” Hold True In The SpaceX IPO?
The enthusiasm around the upcoming SpaceX IPO may rekindle an old stock market pattern - "Buy on the Rumor and Sell on the News".
A the anticipation builds, and investors build long positions in space stocks (RocketLab, ASTSpacemobile, etc...) the excitement bleeds into related stocks. But space is a long game, the IPO sucks up risk-taking capital, and starting shortly after the IPO space and other meme stocks slide over the following months.
Our data was built to identify such patterns in markets, as described in our book.
