$ASTS is starting to look interesting for a swing.
This selloff feels more like a reset than a thesis break.
The stock ran hard into the SpaceX hype, and now space stocks are getting hit after the IPO became a “sell the news” event.
But the real question for
$ASTS is not what happens in one red day.
The real question is:
Can they successfully launch, deploy, and commercialize direct-to-device satellite broadband?
That is the bull case.
If BlueBird 8, 9, and 10 launch successfully on June 17, I think sentiment can flip quickly.
This is the type of stock where fear and hype move fast in both directions.
A clean pullback into a major catalyst is exactly where swing setups can appear.
High risk.
But very interesting.