@MWM76@wittipol I’m bullish on ASTS but he’s not wrong. Asts hit ATH’s on spcx ipo and upcoming catalysts. Currently, it’s trading over 100x sales. Based on backlog it SHOULD be higher, but markets pricing in execution risks and rotation out rn. Frustrating.
@LuJenDan07@Reformed_Trader That’s extremely likely, but asts also has catalysts in June with more sat launches which mean more rev rec so financial outlook does improve
@Tjban31 They’ve put out 2 PR’s about the explosion. TLDR, no impact to launch cadence in next few months and have alternatives for other providers. YE Guidance not changed.
@Reformed_Trader Space just does not want to consolidate. I timed bottom perfectly at 6.3 twice today for 9% gains each time and it just took off half an hour later. Figured spy was due for a pullback too. Dam