$AST SpaceMobile, Inc.(ASTS)$ Imagine you truly don’t care whether a stock goes up or down, as you are just as comfortable shorting a stock as buying one.

You are looking for opportunity and waiting quietly in the weeds. Then you see a stock (this one) that was just $2.29 on 5/15/24 and hit $39.08 this week, up a WHOPPING 1,607% in 4+ months.

Some people say “sell half on the double and let the rest ride a while.” That way it is virtually impossible to lose $ on the stock. Well we are WAY PAST THE DOUBLE, which would have been $4.58.

NOBODY knows where the top will be, but, when it falls it will be fast and furious. The shorts know that.

I’d be terrified to buy at this level. If you have a double (or perhaps way more), come up with some kind of strategy.

I’ve heard two people (Jim Cramer of CNBC and Gary Kaltbaum of Investor’s Edge) the last few days tell national audiences how super speculative and risky this stock is right now. Both even basically said it is scary that people even ask about something so obviously overpriced.

Yes, I’m short the stock in a very small way and prepared to short more shares again and again as the stock begins to show major weakness (i.e., breaking down below the 50 dma, etc.).

For your own sake please come up with some kind of system instead of relying on luck.

And, no, this is NOT a pitch to manage your finances!