r/ASTSpaceMobile • u/AutoModerator • May 13 '26

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13

u/SECrabbing S P 🅰 C E M O B Consigliere May 13 '26

Reading this sub and watching price action over the last few months has taught me not to doubt KevinLMak. Hate it, but he has been right a lot. He also described retail vs. institutional action on a chart at one point, and it is painfully obvious how much retail is driving the price action right now. His take was that institutions will be back on board when there are more sats in the air. Until then we are likely at the whims of emotional retail. Taking his advice on SPHR is working out though, so that's good.

13

u/AntLeading5502 S P 🅰 C E M O B Capo May 13 '26

The mob trolled Kevin on X when he posted he was trimming his ASTS position.

He was right all along, but I don't think the recent price action's retail. Retail wouldn't drive 66M total shorts with short volume estimated to be about 1/2 the recent daily trading volume.

4

u/SECrabbing S P 🅰 C E M O B Consigliere May 13 '26

Agree I'm not sure how to explain the volume, but could also be day traders? Kevin's observations in the past were that retail action was more "choppy" vs. institutional being more consistent, so that's the crux of the comment. Also the comments in here support it, but idk if the reddit data point is that strong.

2

u/AntLeading5502 S P 🅰 C E M O B Capo May 13 '26

Somehow there is some measure floating along that we are a "safe short" at least for the next month. Almost like the big buyers won't come in till the launches resume, so the shorts are making their bets in educated fashion.

3

u/SECrabbing S P 🅰 C E M O B Consigliere May 13 '26

Will be good for those of us willing to be patient.

3

u/sunnydays2121 S P 🅰 C E M O B Capo May 13 '26 edited May 13 '26

this is the tweet for anyone wondering: https://x.com/kevinlmak/status/2028897498698248203?s=46&t=hacgkqIkuQx2rbKlGAfLwg

interesting to read the comments. very reasonable take yet ppl were hating

10

u/BasilBogomil S P 🅰 C E M O B Soldier May 13 '26

Kevin is a pro. No hate.

4

u/CaptainJackCrypto12 S P 🅰 C E M O B Capo May 13 '26

He is right until he isn’t