ASTS spent weeks riding SpaceX IPO excitement and retail euphoria before reality suddenly showed up.
The stock had become one of the market’s favorite momentum trades, but when sentiment cracked, sellers rushed for the exit at the same time.
A lot of traders were buying the dream of a satellite giant. Few were paying attention to valuation, execution risk, or how crowded the trade had become.
The fastest way to kill a parabolic move is not bad news.
It’s running out of new buyers.
ASTS is learning the same lesson every momentum stock eventually learns.
Gravity always arrives after euphoria.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views