In my opinion, if you are sitting here fixated on where the stock price is going today, tomorrow or the next day or next week or next month then you are missing the big picture. You are missing the underlying reason of why we are seeing this price spike in the first place.
Sentiment is improving but it is improving because the fundamentals of the company have improved.
In my opinion, it's crazy and even a little stupid that we are still down here at these levels with everything happening for the business. You know that underlying thing that ultimately drives the share price long term.
So, even though it is very exciting, I think we would all be better off not worrying about what is happening at the moment.
At the end of the day, news around SAT, news around Demos, news around orders, news around manufacturing ramp, news around builder uptake is a far better signal of whether the value of what we own is improving or otherwise.
All this talk about resistance level here and support level here and traders coming in and cross trades doesn't mean anything to me.
News about SAT, Demos, Builds, ramp, scale manufacturing, update mean everything.
Losing sight of these drivers of success over the long term will cause you to act for the short term against your own interests.
Personally, I have made some bloopers in my time, mostly always selling out early on a good thing because my emotions got the better of me.
Of course I could be wrong.
But over the long term you need to answer one question, what will minimise your long term regret. Selling now locking in a gain with missed upside or holding on now for better gain with risked downside. If you believe the probability of upside is greater then the probability of downside based on the business long term then you may get to your answer. If you don't ask the rite question then you cannot get to the rite answer.
Anywho, hope everyone is well and enjoying this moment in time.
This is not investment advice. Do your own research, etc etc etc etc etc etc. Go FBR!!!
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