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Nick N's avatar

As an investor in Echostar, I need to ask why are you bearish on the stock? The current value of SpaceX makes Echostar look undervalued at least according to AI and if we consider there could be huge hype into the IPO and after that will also boost Echostars price as it will go up and down in lockstep for obvious reasons at least in the short term. Of course once the hype dies down it may collapse as people will just prefer to own SpaceX directly but I don’t see any problems as a short term trade to ride the hype cycle , I will probably sell after some profits and buy actually SpaceX stock once hype dies down, though I have been told Space X will have another huge bump 3-4 weeks after ipo as it enters all the ETFs

The Few Bets That Matter's avatar

With all due respect, and I mean that. Your comment is exactly why I wouldn't touch this stock.

"Look undervalued" "there could be a hype" "that will also boost" "once the hype dies" "will probably sell" "I have been told"

Your comment is the prefect representation of what echostar is. A gamble on SpaceX hype with no understanding of anything but a "maybe hype will make me money". The perfect recipe to get burnt.

I'm the first one to speculate on price but I try my best to never speculate on fundamentals. Echostar has none, and buying or owning it without a clear plan is a mistake to my opinion.

That said, I'll be glad if you make a killing on it. I just wouldn't play it, but that's me and my system. It doesn't mean I'm right.

Shengye's avatar

SATL is indeed very interesting if you check the list of institutional holdings and board of directors … it’s definitely a company with VERY strong connection with this US administration. But I guess we are too late to the party. Wait for the next dump-pump. Right now it’s better to fish elsewhere for asymmetrical speculative asset bets… such as those nuclear SMRs tickers that were beaten down heavily since late October

The Few Bets That Matter's avatar

Every first breakout gives retest. Just gotta be patient on this kind of names, the opportunity always comes to the patients.

Jamie Wagland's avatar

Great read. Thanks!

The Few Bets That Matter's avatar

Hopefully will be gret picks as well!