Skyrocketing DXYZ: A Unique Get-Rich-Quick Opportunity or Not?🦄✨
Following the U.S. election victory of former President Donald Trump, major indices such as the $Dow Jones Industrial Average (.DJI.US)$ and the $S&P 500 Index (.SPX.US)$ have hit record highs, fueled by anticipations of tax cuts and deregulation. 🎉
$Tesla (TSLA.US)$ has also responded positively to Trump's win, given Elon Musk's vocal support during the campaign. Despite being down over 40% year-to-date in late April, Tesla has now rallied more than 120% from its lows and is up 28% YTD. 🚀
$Tesla (TSLA.US)$ has also responded positively to Trump's win, given Elon Musk's vocal support during the campaign. Despite being down over 40% year-to-date in late April, Tesla has now rallied more than 120% from its lows and is up 28% YTD. 🚀
But the real wild card has been a lesser-known closed-end fund called the $Destiny Tech100 (DXYZ.US)$. Since last Tuesday's close, DXYZ has surged 170%, placing it 465% above its net asset value (NAV)! 😱 The primary reason? DXYZ holds stakes in private companies, with SpaceX being the largest at just over 37% of the fund's holdings.
DXYZ, a closed-end fund that promises everyday investors exposure to high-flying startups like SpaceX and OpenAI However, this is not for the faint of heart; extensive knowledge of closed-end funds and their operations is crucial. In other words, it's high beta af. So, what does this say about risk appetite? 📈
My strategy is to aim for an opening position at 60 with hopes to reach 80; ultimately, my target is to exceed 100. (Does not constitute financial advice, do your own DD!)
My strategy is to aim for an opening position at 60 with hopes to reach 80; ultimately, my target is to exceed 100. (Does not constitute financial advice, do your own DD!)
Joining Tesla and DXYZ in this rally is $Rocket Lab (RKLB.US)$ . Trump's election has sparked a surge in space stocks, as he is a avid supporter of space exploration and has pledged to fund NASA and the space force generously. During the last election, when Joe Biden won, clean energy stocks soared to unprecedented levels. Perhaps space stocks will follow suit. 🌌
Let's delve into a discussion--Trump's Space Theme Boom or Overhype? Other stocks to watch include RKLB, $Intuitive Machines (LUNR.US)$ , and $AST SpaceMobile (ASTS.US)$ . 👀
Let's delve into a discussion--Trump's Space Theme Boom or Overhype? Other stocks to watch include RKLB, $Intuitive Machines (LUNR.US)$ , and $AST SpaceMobile (ASTS.US)$ . 👀
Our moo community has some sharp minds who have capitalized on this trend! One member's analysis on DXYZ is spot on! And guess what? They're part of our mooer community too! @Making Easy Money , would you mind sharing your insights on the moo community? 🎥Check out his video here:
From YouTube
As @Panda busy puts it, "This product is rising too cruelly, completely devoid of humanity." But hey, @TrendSniper @103540359 @Ultratech @decisive Gull_0483 @103540359 @Talented Mr Ripley @Flying Voice @soyabean89 caught the wave! What are your plans for the week? Let's chat! 💬
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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TA fan | People overreact all the time and the chart helps us make use of that
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Singh Rahul : Looks like the SpaceX holding (SpaceX>Musk>Trump) pulled DXYZ into meme territory.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Rockyturki : Great call!!! got any more we can load up on?
TrendSniper : I have no plan at all for the week as I am holding this for long term. But hey, it does skyrocket earlier than I expected.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Panda busy : Hahahahahaha. I am happier that my post was recommended by the official than that I make money.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ultratech : same thing I always, bag hold longs and chill
72655922 : think it's going to soar
Laine Ford : all good stock to hold and make you happy
BelleWeather : Interesting! I actually bought DXYZ near launch, sold 15% when it had a ridiculous rally and then held the rest down for sometime. I learned about how the CEF worked and the NAV and regretted buying as much as I did. I scaled out partially yesterday because of how high its premium had run. I still hold part of my initial position, because exposure to some of those companies is too tempting. Thanks for your post, though, I think going forward, I will continue to scale out at spikes of premium to NAV. (I’d intended to hold longterm, but will trade it instead, I think.)
BelleWeather : I held the first three listed already, the only investment I made specifically due to election results was into DOGE. I have already sold my initial stake and took profits on other altcoins which I moved to a cash buffer and into BTC this weekend for the longterm.
BONEHEAD20 : DXYZ is PROFITABLE. Get In!
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