RKLB's market for a period of time may have come to an end I'm empty on RKLB (which plummeted while writing), let's organize the reasons and welcome criticism. The logical essence of RKLB in the past few weeks is "SpaceX scarcity agency" - without any company level news, SPCX IPO sentiment alone has risen 9%, YTD has risen 51%, and the stock price is 9% higher than the analyst consensus target price. Once SPCX can be purchased directly, there is no reason for this agent premium to exist: previously unable to buy SpaceX, only RKLB's funds can be purchased, which will be directly transferred to the main owner. So if SPCX rises later: The opening may follow the rise for one or two hours (due to the overflow of sector sentiment), but then it is highly likely that funds will be siphoned and the news will be sold. Technically, it cannot hold up - RSI is around 80, random indicators>90, severely overbought, far above the 50 week moving average (~$68). If SPCX falls: More direct bearish sentiment. Kill the entire space theme together, and RKLB, as the highest beta vote in the sector, is the first to bear the brunt. And the SPCX breakthrough will also anchor a heavy blow to RKLB's valuation - RKLB's current EV/Sales triple digits rely on the comparison logic of "SpaceX is worth $1.77 trillion, so I'm not expensive", and if the main price falls, the comparison logic will collapse directly. So, regardless of the rise or fall of SPCX, RKLB is not very advantageous. I sold all the stocks I copied in the past few days and got one short. Of course, I think RKLB's fundamentals are not a problem. Backlog expansion, defense orders, and record quarterly revenue are all real. Let's wait until a golden hole is dug and re-enter. ~~~~~~~~~~~~~~~~ The psychological threshold is 100, as it has been repeatedly marked as the first support and is also close to the analyst consensus target of $105. The first wave stepping here is likely to result in a draw. But if SPCX opens with a sharp drop, then this position is likely to break through directly if it cannot be held, so go to 85. Additionally, I am quite pessimistic about RKLB because in the past six months, all 148 transactions made by internal members of RKLB were sold or zero bought, with CEO Beck selling $140 million alone. Smart Money has been shipping to SPCX for a long time now. Everyone who plays cryptocurrency knows that going to the big exchange is often a clear time point for shipment, and the listing of SPCX is similar to RKLB in the same track. In the future, I plan to do a rebound short position until I feel it's appropriate before building a position.