$ASTS I’m starting to think it’s not the shorts that are the problem here but the marginal longs. Everytime this stock has had a major pop in the past 15 months, longs used it to sell off their higher cost lots and reduce their overall cost basis. I’m not saying that’s not a smart thing to do, and none of this will matter in 5 years when this is trading at $500. But momentum and FOMO traders that came in in the past have been burned too many times and are now reluctant to come back. Today is the perfect setup for major gains here and the action is muted.
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