Recently, the US stock market has entered a volatile market and has become unfriendly to medium and long-term traders. The real ones who have made big money are still the big traders. Fortunately, SPCX helped me subsidize some household expenses. Recently, I have had a comfortable time with short selling orders (contracts+grids), and when I encountered a rebound, I suddenly went short. Last night, the stock price even fell below the first day IPO issue price of 135. With the continuous and rapid expansion of circulating stocks in the next six months, it is highly likely that SpaceX's stock price will enter a cooling off period or even a Fud state from an overdrawn+Fomo state. Some of my long held short positions are not prepared to move. However, it should be noted that one should be cautious of the possibility of a pulse rebound before SpaceX's Q2 financial report date (August 6), as the current circulation is still less than 5%. It is not difficult for Musk to pull up his spending all day long, and it is dangerous to chase after the fallen dog with big leverage. I have compiled several signals that may have an impact on bears: Starship's 13th test flight is approaching The 90 minute window for Starship's 13th test flight will open on July 16th at 6:45 pm (UTC 22:45) in the East Coast, with a latest EDT of 8:15. Converted to Melbourne time, it is 8:45-10:15 am on Friday, July 17th, and 6:45-8:15 am Beijing time. For the first time, deploy 20 real Starlink V3 satellites (previously used as counterweight simulators), display solar panels and antennas, and attempt to interconnect with South African ground stations and Starlink constellation lasers. If the launch is successful and all tasks are successfully completed, it will be a good opportunity for a rebound narrative. Institutional sellers are starting to sell more Evercore says that the upward potential is' too tempting to ignore '; America suggests buying before the launch of Starship; Raymond James maintains an upward target of 470%+; Cathie Wood just cut $23 million from AMD to SPCX. A 5% circulating stock, a star stock with a beta of 5.79, and with institutional analysts already sitting on it, if the test flight is successful, it will be an event type upward catalyst. I wouldn't be surprised to see a 15% level pullback. The good news is that I have checked the data of three data providers, and currently the possibility of short selling is unlikely. Therefore, even if it really explodes, it is difficult to see the short selling market like Tesla and GameStop did back then. Squeezing requires three conditions, but SPCX only satisfies one: 1. High short ratio (compliant) At present, the feedback from data providers is that the proportion is 13-31% (with a wide range of opinions), and there are indeed many short sellers. 2. Difficulty in borrowing coupons/high fees (not compliant) The borrowing fee is 1.12%, and there are still 400000 shares available for borrowing (7/8) 3. High days to cover 1 day (not applicable) Days to cover=1 day means that even if all 196 million shares need to be liquidated, the daily average trading volume will only take two or three days. Real short selling (GME type) requires days to cover for more than 5 days, depleted borrowing, and rates skyrocketing to double digits. The fact that the borrowing fee dropped from 14% to 1% further indicates that there is an abundance of coupons available, to the point where no one is willing to pay for them. The U-shaped contract rate on Binance is still positive at 0.021%, indicating that larger funds are choosing to go long. ~~~~~~~~~~~ So my current strategy is: Reserve half of the long short positions (including the grid) and continue to bet on the incomplete success of Starship's launch tomorrow. Take profit on half of the positions and wait for the possible rebound that may occur after the successful launch of Starship tomorrow before entering the market. If there is a rebound in the market that brings about FOMO sentiment, then add positions and go short. I hope to be given a chance