While everyone on the internet is talking about buying SpaceX as it tops, I’m making tens of thousands of dollars shorting it.

You watched SpaceX rip, you bought one of the smaller names to ride the hype, and it got run over the day the buying dried up.

If that sounds familiar, listen…

A stock like this tops for a simple reason. Everyone who wanted in is already in, so there’s no one left to push it higher, and it rolls over. Then the crowd that chased it up spends the whole way down trying to buy the dip.

A hyped stock topping out isn’t bad news. It’s one of the cleanest setups there is. You can see the crowd coming a mile away.

I don’t chase these when they’re running. I’ve traded this same pattern for years, across crypto, AI, and every hot sector that got too far ahead of itself, and it always ends the same way. 

I wait for the run to break, then I bet on the drop.

Betting on the drop used to mean shorting, which a smaller account usually can’t do. Not anymore. You buy one stock, built to go up when your target goes down, with no margin account and no borrowed shares.

You can sit in cash and wait for it to bottom, or you can get paid while it falls. I’d rather get paid.

The Stock that Shorts SpaceX

The ticker is SSPC. It moves about twice as much as SpaceX does each day, in the opposite direction, so a 3% drop in SpaceX is about a 6% gain in SSPC. You buy it like any other share.

That cap is the whole point for a smaller account. A regular short has no ceiling on the loss, so if the stock keeps climbing you keep bleeding. With SSPC, the most you can lose is what you put in.

There’s one catch. SSPC resets every day, so it tracks twice SpaceX’s move for that one day and then starts over.

Hold it through a week of chop and the daily math eats away at it. It’s a tool for a few days, not something you hold for months.

How To Identify The Top

I don’t try to call the top. I never have. 

I just wait for the bounce to fail.

By Monday, SpaceX had run to $192. Tuesday it spiked to $225 and gave most of it back, closing near $202.

On Wednesday, it tried to bounce, stalled around $214, and dumped to close back under $192.

That Wednesday bounce is the signal. The stock went vertical, then couldn’t get near its high again and rolled over instead.

When a runner can’t reclaim its high on the bounce, the run is done. That’s where I get short.

I played the same read two ways that week, buying SSPC and shorting SpaceX directly.

Tuesday morning, as SpaceX spiked and started fading, I bought SSPC at $6.56 and sold it that afternoon at $6.90 for $68,097.*

Then I shorted SpaceX directly on Tuesday for $34,793.*

Then again on Wednesday as it broke down for $30,751.*

Why This Setup Works

This plan can work on any blown-up runner.

Wait for SpaceX to bounce back toward where it topped, somewhere around $213 to $225. Watch it stall there or roll over during the day.

That’s your entry. Either buy SSPC or short the stock if you’re set up for it.

Set your stop-loss at SpaceX’s previous high. If it reclaims that high and holds above it, you’re out.

Setups like this one fire over and over when the right market window is open. The last time it looked like this back in 2020, I turned $160,000 into $8 million. 

4,900% in one year.

I’m going live June 24th, 8PM ET, with my #1 stock pick. Be in the room. Reserve your spot.

Stay sharp,

Jack Kellogg

*Past performance does not indicate future results