Issue No. 12 • Friday June 5, 2026
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THE TRADING ADDICT
NEWSLETTER
by Maria Helmick
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» Story No. 1 of 2 · Rockets · Robots · IPO Watch
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Rockets or Robots? The IPO Choice Investors May Soon Face
The IPO market is suddenly becoming much more interesting.
SpaceX is targeting an IPO price of $135 per share, with trading expected to begin under the ticker SPCX. The offering could raise approximately $75 billion and value the company near $1.75 trillion, making it one of the largest public offerings ever.
At the same time, Anthropic—the company behind Claude—has confidentially filed for a potential IPO of its own.
Investors may soon face an unusual choice: rockets or robots?
SpaceX offers rockets, satellites, Starlink, government contracts and Elon Musk’s growing technology empire. Anthropic offers more direct exposure to the artificial-intelligence boom. Both stories are exciting, but price and timing will still matter.
The $135 Price May Not Be Your Price
The $135 figure is SpaceX’s targeted IPO offering price. It does not guarantee that regular investors will be able to buy the stock at that level once public trading begins.
If demand is exceptionally strong, SPCX could open considerably higher. That may create an impressive first-day gain, but it could also tempt investors to chase the stock after much of the excitement has already been priced in.
Hot IPOs often surge when trading begins, only to pull back as early investors take profits. Others remain strong and continue moving higher.
There is no rule that says an IPO must fall after opening, but the first few minutes are often the hardest time to make a thoughtful decision. There is no established chart, little trading history and no clear support level. Even a great company can become a difficult investment when the entry price gets too far ahead of the business.
Buy Immediately or Wait?
Waiting does not guarantee a better price, but it usually provides more information.
Investors can watch where SPCX opens, whether it holds above the $135 IPO price and where it finishes its first trading day. A strong close near the day’s high could show that demand remained steady. A large opening gain followed by a weak close could suggest that the excitement moved too far, too quickly.
Short-term traders may wait for the opening volatility to settle. Longer-term investors may prefer to wait several days—or for the first meaningful pullback—before deciding. Missing the first move does not necessarily mean missing the long-term opportunity.
Then There Is Anthropic
Anthropic’s confidential filing adds another layer to the excitement, although the company has not yet announced its IPO price, share count or a confirmed trading date.
SpaceX offers a broad story built around space, communications, defense and technology. Anthropic offers a more concentrated bet on AI through Claude and its expanding enterprise business.
That leaves investors with an interesting question: Do you choose rockets, robots or wait until the prices make the decision easier? The answer should not be based only on which company has the more exciting story. It should come down to valuation, growth, financial performance and the entry price offered by the market.
Maria’s Take
SpaceX and Anthropic may both become major public companies, but the excitement should not rush the decision.
If SPCX opens far above $135, I would rather wait for the price to settle than chase the first move. The same rule applies to Anthropic when it reaches the market.
Rockets or robots, the better investment will be the one with the better price and the cleaner entry.
Sources: SpaceX IPO terms based on Reuters reporting dated June 2–4, 2026. Anthropic announced its confidential draft S-1 filing on June 1, 2026. Terms and timing may change.
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» Story No. 2 of 2 · Crypto Market Story
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Bitcoin Just Got a Reality Check
ETF outflows, forced liquidations, Strategy’s rare Bitcoin sale, and AI rotation are all hitting the trade at the same time.
Bitcoin is getting hit from several directions at once.
It is trading around the low-to-mid $60,000s after briefly dropping near $61,500. That move matters because Bitcoin had been above $70,000 earlier in the week, and traders are now watching whether the $60,000 area becomes support or the next level that breaks.
The setup: This is not just one scary candle. This is ETF outflows, forced liquidations, Strategy’s rare Bitcoin sale, and a market that suddenly seems more excited about AI than crypto.
The ETF Story Turned Heavy
The biggest problem right now is money flow.
CoinShares reported that Bitcoin investment products saw about $1.438 billion in weekly outflows, the largest weekly Bitcoin outflow of 2026. That is important because the ETF story has been one of Bitcoin’s strongest support pillars.
When ETF money flows in, Bitcoin gets steady institutional demand. When ETF money flows out, Bitcoin has to prove where real buyers are.
Right now, that proof is still missing.
Strategy Sold a Little — But the Message Was Big
Strategy sold 32 Bitcoin for about $2.5 million to help fund preferred stock distributions. Compared with its total Bitcoin position, that sale was tiny.
But traders do not always react to size. They react to symbolism.
Strategy has been viewed as one of the strongest corporate Bitcoin believers. So even a small sale created a “wait, they actually sold?” moment. That does not mean Strategy is abandoning Bitcoin. But it did crack the never-sell image for a lot of traders, and in a nervous market, perception matters.
Leverage Turned a Drop Into an Air Pocket
The next problem was leverage.
Reports showed roughly $1.76 billion in crypto liquidations over 24 hours as Bitcoin dropped and then tried to rebound. That tells us this was not just calm selling.
A lot of traders were forced out. That matters because forced selling can make Bitcoin move faster than normal. Once leveraged longs start getting liquidated, selling creates more selling, and the chart can drop before buyers have time to step in.
That is how crypto pullbacks turn ugly fast.
AI Is Stealing the Spotlight
There is also a rotation problem.
Money is chasing AI, semiconductors, power infrastructure, and anything tied to the next big technology wave. Michael Saylor described part of Bitcoin’s slump as a capital rotation toward AI.
That is not the same as saying Bitcoin is finished. It means Bitcoin is losing attention right now.
Markets chase the hottest story. Earlier, that story was Bitcoin ETFs and institutional adoption. Today, it is AI earnings, AI chips, data centers, and the companies building the next tech cycle. Bitcoin can still matter long term and still lose the short-term popularity contest.
The Level That Matters
The $60,000 area is the line traders are watching.
If Bitcoin holds that area, ETF outflows slow, and leverage cools off, this could become a washout-and-base setup.
But if Bitcoin breaks $60,000 with more outflows and more forced selling, the market may start pricing in a deeper correction.
The next move is not about opinions. It is about confirmation.
Does Bitcoin hold support? Do buyers step in with real volume? Do ETF outflows slow? Does the next bounce actually stick? That is what matters now.
Maria’s TakeBitcoin is not dead, but I would not pretend this chart looks clean either. When ETF money starts leaving, leverage gets wiped out, and traders rotate into hotter stories like AI, the dip can get ugly fast. For me, this is not about guessing the bottom. It is about waiting to see if Bitcoin can actually hold the $60,000 area and calm down. The bottom line: Bitcoin may still have a long-term story, but right now I would rather wait for proof than try to be a hero catching the first bounce. |
Educational only. Not financial advice.
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Math Makes Money TRADES OF THE WEEK0DTE SPX • $30K SCHWAB ACCOUNT Week of June 2, 2026 |
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All trades 0dte SPX iron condors on the $30K Schwab account. MEIC = Multiple Entry Iron Condor. 50W = 50-wide wings. 95% = stop loss on short leg. No profit target — let trades expire. |
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Risk Warning At the time of this writing, we plan on entering most of these trades, but they are part of a much greater and larger trading program and should be considered for educational and entertainment purposes only. Not financial advice of any kind. Trading involves substantial risk and is not suitable for every investor. You can lose some or all of your money. Nothing here is financial advice or a recommendation to buy, sell, or copy any trade. Do not copy trades blindly. Do your own due diligence, understand the risk, and make decisions based on your own account, risk tolerance, and financial situation. |
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— Maria
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