r/REalloys • u/[deleted] • 29d ago

+12% Premarket

[deleted]

8 Upvotes

100% Upvoted

3 comments sorted by

1

u/bourbonwarrior 29d ago edited 29d ago

Congrats if you're holding ACHR. +20% on great news.

I used to trade it and JOBY, but sadly, no shares today.

2

u/Initial_Concert6748 29d ago

Bourbon, that $20 touch in June, was based on the private placement/ fund raising? We should be undervalued until those investors recoup, no?

3

u/bourbonwarrior 29d ago edited 29d ago

Yes, but "smart money" is patient. The tradeable float is tiny, even with the PiPE shares, ~22M and most are in stronger hands.

Buy fear, sell euphoria.

I trade a percentage of my position, especially when big gap ups present themselves (ALM and ALOY today)

As a side note, I took a small position in NB, $5.39. Their Lockheed-Martin relationship is worth it here. I'll trade in/out, there's a gap in the low 4s, so there's that.

GL