SpaceX nuked ASTS 10%, so Reddit called an emergency meeting to turn $10K into $10M
ASTS closed -10.5% Friday after SpaceX agreed to buy the 800 MHz spectrum AST reportedly wanted, created many bagholders and sentiment is split down the middle.
So the table reconvened. Five seats, five completely different definitions of risk:
r/investing: VOO for 30 years. At ~10%/yr that's ~$175K. Only 42 more years to go.
r/wallstreetbets: SPY 0DTE. Needs 10 doubles. Has 30 minutes.
r/TheRaceTo10Million: ASTS just hit a 52-week low. All in.
r/stocks: MU + NVDA. MU is $1,029 a share, so $10K buys 9 shares and a dream.
GME guy: the warrants. $32 strike, GME at $26.56, they expire Oct 30.
You can trust ONE seat with your $10K. Pick a number and defend it.
(Verizon was invited but lost signal. -8.8% Friday.)
Scoreboard drops Oct 30, when the warrants expire.