Jul. 10 at 1:56 PM
I genuinely worry that retail investors are once again the ones who could end up paying the price.... as usual.
Nasdaq-100 ETFs have already completed their required buying of
$SPCX. Check the data...
$QQQM has reported roughly 8.3 million shares (about
$1.2B, or ~1.3% of the fund). Yet instead of rallying, the stock has been moving lower.
If billions of dollars in passive index buying couldn’t keep the price up, it’s worth asking: who is left to buy at higher prices??
Remember that retail investors too often end up buying after the excitement, while someone else is selling, ask yourself, who is selling in the next few weeks? (ok, I will give you the answer: the insiders who want to exit and lower their risk)