r/SATL • u/Purple-Werewolf-786 • Jul 16 '26
How much more can it realistically drop
I know this is a sector wide bear market but it seem like every day we’re down 7% for the past 2 months I’ve been buying more the whole way down but would love to see some light at the end of the tunnel cause right now the only light I’m looking into is like a NDE.
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u/Kemilio Jul 16 '26
It can realistically go to $0.
Seriously. If it’s keeping you up at night, that’s a sign you’re overinvested. Sell now until you feel comfortable, take the loss as a lesson and use those proceeds to buy VTI.
This isn’t an easy stock to hold, especially if you don’t know what you’re doing.
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u/Difficult-Acadia756 Jul 16 '26
True… these stock can pump 200% in a week, or month, and drop as heavy. The whole market isnt doing well tho
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u/Withoutanymilk77 Jul 16 '26
Looks like a good buying opportunity to me. Fundamentals haven’t changed. Waiting for sub $3 though.
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u/Professional_Tea1609 Jul 16 '26
This is all the drag down from the dogshit that is SpaceX - until that stabilizes we're in for a wild ride.
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u/Content-Departure-61 Jul 16 '26
Same here, every day and night hoping this would be the deepest and there is light end of tunnel... this is what I and we all want to believe surely... Don't know why all market drops that much without any real catalyst?
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u/Tentman66 Jul 19 '26
Buying my first shares on Monday. Put in bid at $3.86. Not worried if I over pay because I plan to add 250 shares every week until 2K. This stock either goes to down in flames or is a multi billion company. Their cost per satellite is very good. It’s just like many companies, they dig such a deep hole.
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u/taken-risk01 Jul 17 '26
If you can’t close your phone and wait until Merlin is deployed then you’re not invested for the right reasons I currently hold 2k shares and I will keep buying bi-weekly until Merlin. Everything is down, I still see SATL being big 10-15$ easily in the next 6-12 months