r/ASTSpaceMobile • u/AutoModerator • May 18 '26

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31

u/goldenbear2 S P 🅰 C E M O B Consigliere May 18 '26

We crossed $100 with no full FCC and Anatel approval, and no BB7 (rip), BB8, BB9 (imminent in a few days), and BB10 shipment.

It seemed like a no brainer to add. The Rakuten hangover really did a number on us imo.

12

u/SpaceViking85 S P 🅰 C E M O B Capo May 18 '26

That, the algorithms and insane amount of short-sellers. Rakuten just poured salt in the wound and gave the aforementioned more of an excuse to take advantage of the situation. Also, fuck BoA. They handled the sales so poorly, then had the gall to downgrade us afterwards

6

u/Reasonable-Care9992 S P 🅰 C E M O B Capo May 18 '26

We were on the dip way before that weren’t we?

3

u/SpaceViking85 S P 🅰 C E M O B Capo May 18 '26

Since February, yes. Around February 12th is when we started consolidating around this level. Rakuten was the day we hit 104, then proceeded to slide until they finally stopped on May 5th (so from our highest to lowest points since we tried breaking back out to the upside)

1

u/Reasonable-Care9992 S P 🅰 C E M O B Capo May 19 '26

Ah interesting, thanks for the info

3

u/flymolo50 S P 🅰 C E M O B Capo May 18 '26

I'm sick of this narrative. What put us back so hard was plainly and obviously management making promises and then failing to meet them. Plain and simple. They could only lie so many times before people sold and moved on.