Leading up to the celebrated IPO of SpaceX, Tim did several header posts highlighting a number of rocket companies that were enjoying a price rise as though they were somehow a proxy for the real deal: “This is just nuts, because anything with a rocket attached to it is blasting to preposterous levels.”
Tim further noted, “If SPCX starts to weaken in its first real trading week, you can expect this entire sector to go to the doghouse.” Tim was right, and the stocks he highlighted are now in a downtrend.
This post focuses on a separate “space” company, one I posted about on 7Jne26, stating, “ASTC looks bound to retrace its lofty rise of the past week.” Here’s that SocialTrade post:
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