Opinion on a speculative USA stock
Hi MM Would love to know your thoughts if you have any on ASTS listed in the usa? Keep up the great work! thanks Andrew
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Answer
Hi Andrew,
Your taking us off-piste a bit here!
I’m afraid we’re not close to this space-based broadband business but its a “hot stock in a hot sector”. The commercial space sector is garnering plenty of attention of late aided by SpaceX’s successful 5th starship flight test last weekend.
- This $US7.7bn US Telco has rallied more than 10x since May and from a chart perspective it looks good into the current pullback into the $US25-30 region.
NB The short position in ASTS is now over 40 million shares, (source NASDAQA) so expect plenty more volatility as professional traders and speculators go head to head.
