Since going public in June, Space Exploration Technologies (NASDAQ: SPCX) has already experienced a full market cycle. Although shares were priced at $135, SpaceX stock opened closer to $150. From there, Elon Musk's space empire witnessed extreme volatility, even for an IPO stock -- ripping to an all-time high of roughly $226 before sliding all the way to $105 and eventually bouncing back toward $155. This opening pop, fade, and subsequent rebound perfectly capture what happens when a tiny float meets giant expectations. With SpaceX's third-quarter earnings report expected in November, the question smart investors are asking is whether this bounce is a setup or a trap. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.
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