SAS (ASX) Ann: Testing Confirms All 3 Nano-Satellites Functional

Originally posted by fidel14 ↑

I hope I can bring a bit of clarity to the current site up of the SAS share price.
As I have said in a few posts, expect a "buy the rumour sell the fact" scenario with the launch.
Add to this point my post about the various type of holders of SAS stock.

The main people on here are long term investors and perhaps don't understand how markets work with the other type of stock holders. Traders have also been buying this stock ( I know personally traders in our stock trading section) who have been buying the stock in the lead up of the launch in the hope of a climb and then sell it once stock price higher and successful launch - buy the rumour, sell the fact.
They made profit from this trading strategy as a lot of other traders have. If you want an example of this, look at the $A on a rate cut or hike. The market will move up(rate hike) or down (rate cut) in anticipation or expectation of the planned rate move. Once the RBA makes the decision is not common for the market to be lower shortly after a hike or up shortly after a cut as the traders all unwind their position they had prior the decision.
Long term investors should not be concerned, even if bought around 25c. You are here for the long haul.
If you bought on margin then it may be a concern if you can't fund the drop in SP, but apart from that it is normal market behavior.

Add to this it's EOFY and a lot of books have to be square (no position) as June 30 passes.
So some will be trading the stock,
Some are long term investors
Some are insto investors who have to sell at EOFY and will get back in early weeks of July.

Until testing comes back in the 6-8 weeks we will prob sit in the range we had around the CR to launch phase.

Just my thoughts on the matter

Expand

I agree, and I think most Long term traders agree too. We do understand how the market works. As a long term holder I can say that the vast majority of HC users that are filling this thread today are not the same users that have been posting for the last 12 months. They are, in fact, the short term holders that have owned for less than a month or down rampers that want in.

Fundamentals have not changed.

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