Recent rally in space stock likely just emotional backed as it's getting close to this June SpaceX IPO. So far among these space stock, almost all of them is yet to be profitable. In short term, space stock will probably keep its rally on until SpaceX IPO out in June. But after that, all I see is a big crash of all space stocks. The hype will be over by then. Current market facing one of the biggest issue is that huge chunk of money is going into AI,semiconductor and now, space. But almost all of them either just moving money between those few companies or simply zero or negative profit. But in long term, I do believe space stock will definitely be the next big bang after this AI trend. Same as quantum computing, but now it just not their time. Yet.
For Existing Holders, hold positions but consider trimming a portion (e.g., 20-30%) to lock in gains, given the extended nature of the move. Use the remaining position to ride the trend with a trailing stop. For New Buyers, if you must enter now, use a very small "starter" position (e.g., 25% of intended size) with a strict stop-loss below the breakout level of $360 . OR, Wait for a technical retracement. Stocks rarely go up in a straight line after a 20% gap. Look for entry opportunities near the $355-$365 range (previous resistance turned support) or wait for a consolidation pattern (e.g., a bull flag) to form over the next 2-3 weeks. Do not go "all-in" at $400+. The risk/reward is skewed to the downside in the short term due to the lack of overhead supply and the psychological pressure
@Potatoboi:$NEBIUS(NBIS)$ Will likely be trimming my positions soon due to the uncertainty in the geopolitical climate. However I still believe strongly in the company and will continue to add long term. The market is finally realising how undervalued this has been the past year. To da moooon!!
@ARKK Investment Tracker:ARKK Investment Tracker position change: Decreased position in Recursion Pharmaceuticals, Inc. by 165,035 shares, the number of shares held decreased 0.75% compared to the previous period and now represents 1.28% of the total position.