@CatSE___ApeX___ If that chart holds true, ASTS could draw down to the 50s again, or retest of that $63 low. That's what I'm eyeballing unfortunately. If SpaceX falls, they all fall with it. You think people will want to touch space names after getting torched 30% on SpaceX?
We are still so early $ASTS. Wait til they see the revenue ramp and realize more than just $SPCX can ramp a revenue chart.
Stupidly overvalued at "14 million revenue." Stupidly undervalued at 3 billion run rate in 2028-2029, let alone 2030+ with 500% CAGR over next 4 years.
$ASTS is the most overvalued asset in the market.
A $60 stock trading on pure hype.
Imagine trying to out-build Starlink D2D and SpaceX $SPCX
The satellite timeline is a joke. Watch to the end. 👇
@OmniAeronautica@ASTS_SpaceMob I don't think this will be the catalyst many on here are saying it will be. If people have sold other equities to participate in the IPO, if they don't get in I think they would just happily sit on cash. Market is dumping. Sell in may and go away is true yet again.
@Reformed_Trader@spacanpanman I think you're a good trader and I really enjoy your TA. But this looks to me like just drawing a near vertical line and saying "what if?" We have hurdles to overcome and people will be moonshotting 7dte on this.
@thekookreport What they have done is nothing less than an incredible. We're having Internet in the middle of nowhere from space? Amazing! Launching reusable rockets? Amazing! They are extremely valuable. But in the d2d space (😏) they are a scale to show AST superiority.
@SpacBobby lol and the best thing is that this was posted quite a bit like 2 weeks ago. I over leveraged so unwinding that now. I'll probably think this way at $200.
@CatSE___ApeX___ The true free/liquid float is seemingly pretty small. I would almost wager there just as many shares sold short as there are shares loosely held.
@spacanpanman Love the daily short interest update. What's always fascinating is how transitory shorting is. 1.5 million less, but I bet 3 million closed and 1.5 million new shares shorted by new bets. New day, new money, new shorts. That's....that's a lot of shares that need to be rebought.
@Reformed_Trader True. And regardless, we don't need every sub on earth in order to get 5-10 billion in commercial revenue. Opportunity is so high. This is the most asymmetric bet in the market. Irresponsibly long ASTS, and holding til 500 B market cap.