New Trade Added (LUNR)
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Good morning (or night) to everyone.
Recently, we’ve had a few good trades: MSOS with Kamala’s odds spiking and the cannabis sector heating up, FUBO with their recent win, and I think I’ve found another trade I like.
LUNR is a highly shorted stock (around 20% of the float) which is setting up to be a fun trade tomorrow:
Space stocks have recently been a hot theme as well, with RKLB jumping from just over $4 to now $7 in around a week.
Cantor Fitzgerald also put out a PT of $10.
If they get NASA’s Near Space Network Services (NSNS) contract, it’s worth $540mm with the stock at a current market cap of $267mm.
The stock also has a history of performing strongly in the months anticipating a launch event.
Simple trade with a high r/r that I am looking into.
Research conducted with the help of TheUndefinedMystic: https://x.com/pennycheck
Thanks and have a nice day,
-Adit Dayal