Paul Schneider
144 posts


IBM SET FOR THE WORST DAILY CRASH SINCE THE BURSTING OF THE DOT COM BUBBLE










$ASTS: The stock price isn’t the company. The only ‘real’ negative news was Blue Origin’s launch pad explosion which got priced in the following days. After that, all of the space basket has moved down similarly due to all kinds of macro and mechanical reasons. Meanwhile @AST_SpaceMobile is now pushing batch shipments out the door and secured a ~920M JLEO subsidy contract with @Rakuten (remains to be officially PR’d by both companies, but expecting it this month). AST was also granted 10 Up + 10 Down MHz S band allocation in Brazil and regulatory approval in Brazil. The company continues to make significant progress. 🤝






Sometimes I get questions. ”-CatSE what is basket short, and why are basket shorts shorting ASTS?” -First of all thank You for your question. You really can’t explain stupid in a logical way. But here is how it is going to play out for them: They are about to become shorter.


$ASTS: Real-time short interest down over the last several days to 78.2M from an all-time high of 89.1M on 6/30. I'm starting to suspect in addition to Pre-IPO SpaceX shareholder hedging, some of the recent shorting could have been related to SpaceX index arbitrage trades where Millenium made over $3B. Several I'll explain it in a space soon.




$ASTS 1 year volatility is not for the weak.







