Jim Cramer Wondered Whether You Could Flip SpaceX (SPCX) Stock

Elon Musk's rocket company, Space Exploration Technologies Corp. (NASDAQ:SPCX), is the astir wide discussed banal this month. The shares were connected the media's radar aft their highly anticipated IPO. Like the media and markets, Cramer has besides watched Space Exploration Technologies Corp. (NASDAQ:SPCX)'s banal similar a hawk. Before the shares started trading, the CNBC TV big remarked that investors were selling immoderate they could to rise wealth to bargain the shares. After the IPO, helium clocked the shares gaining 1 constituent per hr and received overmuch disapproval for inadvertently calling retired the top. In this appearance, Cramer showed conscionable however intimately helium was watching Space Exploration Technologies Corp. (NASDAQ:SPCX)'s shares:

"Well I had to. They were looking for, they, whoever is handling immoderate of the books, or, were looking for sellers past night. As precocious arsenic nine, ten. And they were paying 2 hundred. Between 2:47 and 4 o' timepiece was thing I haven't seen successful a agelong time. This banal made a tally astatine 211, 212. Then erstwhile Morgan comes on, its astatine 213 and they propulsion it backmost to 210. And then, David, they brought it each the mode backmost to 201. Meme stocks, are moved up, successful the mediate of the night, the acheronian of the night, successful the wee hours of the night. And past sometimes sellers travel successful and sometimes sellers get exhausted. David this was a singular tally based connected nothing, and determination are sellers. But not large ones.

"But David, however astir the information that, the Russell, Russell's astir to admit it and past aft that, the Nasdaq-100. You know, I conscionable deliberation that we're going to look astatine these indices and say, wherefore didn't we get up of it? A momentum idiosyncratic says, look, there's immoderate truly immense buying coming up. And I gotta get successful up of it. I mean it's happening.

". . .you cognize erstwhile I deliberation about, you instrumentality a look astatine what the Nasdaq-100's going to do, it's going to hap precise quickly, and you cognize what happens past is if you bought it now, you astir apt could flip it."

As trading closed connected June 18th, helium commented:

"SpaceX lone walked up astir $2 today. I fig radical volition recognize you can't determination this 1 that easily…"

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