Serious question: Are $ASTS investors illiterate, or do you guys just not open SEC filings?
Up 45% in 5 days, but look at the reality:
- Q1 net loss widened to -$191M
- EPS loss TRIPLE expectations (-$0.66 vs -$0.23)
• $30B valuation on just $14M revenue
A joint venture headline and a 2X leveraged ETF launch doesn't magically pay to build and launch an entire satellite fleet.
The tech is cool, but this entire move is completely unhinged liquidity driven delusion.
Who is actually buying this top? Change my mind. 👇
$NOW
The CEO recently bought $3M worth of stock at $104.
So here at $84 you will be fine. Got your basis 20% below his so I alway “feel” good when I’m ahead of the insiders.
And yes, wheeling it is not such a bad idea.