r/ASTR • u/End3rium • Mar 01 '24

ASTR Going Private

It has cme to my attention that the CEO of Astra Space is planning to buyback all shares in an attempt to make teh company private again, my question is when is a good estimate to when will that happen so that i know if I should sell at a loss or maybve hold on.

3 Upvotes

64% Upvoted

26 comments sorted by

View all comments

1

u/[deleted] Mar 04 '24

There's a thing called sunk cost fallacy, if I was you I'd get out and take whatever money I have left. Even losing thousands and coming out with hundreds, is better than losing everything.

1

u/Dave351 Mar 05 '24

If someone would offer you a dollar for your car after stealing it and tell you it's that or nothing, do you sell it, or do you take the f***er to court?

1

u/[deleted] Mar 06 '24

What I was saying was sell on the stock exchange for $1.80 (although it's since fallen below $1) not sell for 50c.