Virgin Galactic $SPCE has now lost about one third of its value today 📉📉 Ouch! 🤮

It proves to listen to the gut, one’s second brain. Between October 2024 prior to the election and 31 December 2024, I had $FNMAS as an active case on my blog for my students. in my closing update I wrote that the IPO might not come. 2.5 years later, many things point to exactly that — after greedy retail investors bought another “safe bet with huge upside”.

holy shit the $ADBE conference call was a complete dumpster fire. CEO/CFO checked out SEMRUSH ... lol haven't used that in 10 years Freemium model? WTF?? This is PayPal 2.0 Influencers will pump it and no one will make money

Peter Lynch would have HATED everything about this SpaceX IPO. I know because I worked with him at Fidelity in the 1980s. Companies like this came across our desks all the time - the hot story, the charismatic founder, the trillion-dollar promise. The answer was always the same: Pass, move on, and find a REAL business. Today, SpaceX prices at $135 a share. $1.77 TRILLION valuation while all the numbers that actually matter look TERRIBLE. "Long shots almost never pay off." Peter spent his entire career proving this. He made his money on Dunkin' Donuts, Taco Bell, Hanes, Chrysler - businesses you could walk into, understand in 30 seconds, and value off a napkin. He avoided the hot moonshot stocks of his era because the math never worked. SpaceX is one GIANT long shot... - Starship has to work at scale - Starlink margins have to hold as the satellite competition floods in - xAI has to catch OpenAI and Anthropic in a race it is currently losing - Mars has to generate returns inside our lifetimes Every one of those is a coin flip. But the $1.77 trillion price tag assumes ALL FOUR are near-certainties. Peter taught me a stock should be describable in a sentence a sixth-grader could understand. SpaceX cannot be described in a paragraph an MBA can understand. What even is SpaceX? Is it a rocket company? A satellite internet company? An AI company? A defense contractor? A Mars colonization project? The honest answer is yes to all five. Which means no real answer at all. That alone would be enough for Peter to pass. He also had a soft spot for what he called the boring profitable company. His favorite example was Kellogg's. As he put it, no matter how bad things get, people still eat cornflakes. Now look at SpaceX. It lost $4.9 BILLION in 2025. The xAI division alone burned $6.36 billion at the operating line. The only segment actually making real money is Starlink, at $11.4 billion in revenue. Strip out Starlink and you are left with a money furnace. Peter would have looked at this and bought Kellogg's instead. He would have laughed at the idea of paying $1.77 trillion for a company that loses money everywhere except one segment. By the time a hot company hits the public market, the institutions have already taken the upside and the public is being handed the bag. Just look at this offering: 30% allocated to retail investors worth $22.5 BILLION. That's triple the industry norm. I have seen this with Pets .com, Webvan, Snap, Peloton, Robinhood, Coinbase, and many more. Every one of them was the future on day one. And every one of them destroyed retail capital after the hype faded. SpaceX enters the Nasdaq-100 15 days from now. MSCI inclusion starts tomorrow. An estimated $22 to $27 BILLION in mechanical, forced buying from index funds is the entire short-term bull case. Peter built his career getting into stocks BEFORE the institutions arrived. He believed your edge came from being early. SpaceX is the opposite - every passive index fund in America is about to be forced to buy this thing at $1.77 trillion whether they want to or not. The smart money is NOT buying SpaceX today. You shouldn't either.

Apple Park shot on iPhone 1

$CRM average buyback was at $194 This is honestly one of the most irresponsible corporate finance actions i've ever seen in my life Like they literally tried to time the exact market bottom with their entire borrowing capacity Re Tar Dio

BREAKING 🚨: Adobe $ADBE falls to its lowest price since January 2019 📉📉