7/26/24 - $asts - LOL short > $187/26/24 :: VROCKSTAR :: NASDAQ:ASTS
This is one of those situations guys where you take profits if you're long. Pat yourself on the back. Have a beer. And move on.
This valuation doesn't even merit me walking thru the math.
PS - I short using some P's for next week $17 expires. Again, it's a hedge to the rest of my long exposure. Maybe it continues to rip IDK. But I sense the last two days is simply 0dte gamma squeezy and when the air comes out we probbaly go toward the $14 level in a hurry.
If you'd like I'm happy to justify a 8-10$ valuation. This isn't one of those $NNE/ NYSE:SMR situations where the stock is not really worth anything (sorry again guys for making that point if you're long - just a word of caution). But that said, this thing ( NASDAQ:ASTS ) is defn not worth anything close to $19 as I'm writing this. No way Jose lol.
V