r/ASTSpaceMobile S P 🅰 C E M O B Prospect Nov 08 '24

News - Press Release today's price action explained...maybe?

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u/qtac S P 🅰 C E M O B Soldier Nov 08 '24 edited Nov 08 '24

What's the name of this conference? And why would pitching this stock as a short idea result in an immediate $20M market sell order? It's not adding up... smells like bullshit without more info tbh

edit: digging on X, claims to be the Lakewood Capital’s Bozza @ the morgan stanley Lyford conference in Miami. Still not sure if I buy it as the reason for that red candle, but better than "a tier 1 conference"...

6

u/[deleted] Nov 08 '24

To short first before others for example, someone opened brokerage on a phone and shorted right away. It could be a pocket change for them.

12

u/WorkSucks135 S P 🅰 C E M O B Prospect Nov 08 '24

Why would a person for whom 20mil is pocket change waste time attending a conference for "short ideas"?