dinogreeves
1 month ago
What I know is this was a billion dollar company not too a long ago, will it get there? All you have to do is look AS*TS, horrible financials too. Although I sold on Friday, I am going to get back in, which I rarely do, this sector is hot and this should continue to run, I will hold for the next few months. Originally got in with 6800 shares, I will buy 5000 shares premarket on Monday and will hold for 10 and maybe even 15.
dinogreeves
1 month ago
https://www.nasa.gov/news-release/nasa-selects-three-new-venture-class-launch-service-providers/
The warrants were converted at 96 cents. This has room to run and I would likely believed that this will could and maybe, just maybe to an AST*S type of move, the only drawback for is Armistice, but I do believe is ripe again for another spike. After further DD, buying back in again on Monday. The news above made it spike, people sold with profits and moved on and a lot of panic selling ensued on Friday. 3.7 million warrants were converted, definitely doesn't explain the volume on Friday and apparently there are other warrants at @2.00 and @3.86. This will run again. The article above was put out on the 22nd of this month and the contract was on 3rd.
Go down to middle of the page and you will see the contract that issued to three vendors combined for 300 million dollars.
https://aviationweek.com/system/files/market_briefings/asd/asd_08_23_2024.pdf
dinogreeves
1 month ago
No, there is more, they issued shares to Armistice, bought today at 98 cents cents and sold 1.80, once I saw it breaching $2.00 and couldn't hold, it will probably have a short lived spike again. I wouldn't touch this since they are in bed with Armistice, who is notorious for not being shareholder friendly. Midterm it probably has a chance going up organically, plus they are late on the quarterly report due to something significant on their accounting, who knows what it is, they also cured the Nasdaq panel Delisting notification. Essentially this could go either way. AST*S doesn't have great financial structure either and it is trading in 30 plus dollar range and started off similar as this one. But the fact that they are in bed with Armistice, its a no for me to hold longer than a day trade.