LUNR a space exploation penny stock with momentum LONG
Updated
LUNR got an injection of trader and investor interest this week on the news that their lunar
lander ( robotic unmanned) is launch ready. While it is a publically owned company, 50% is
insiders, 40% retail investors and 10% institutions. In is in the shadow of NASA in Houston from
whom it has drawn employees. Of particular importance last spring when there was a news
catalyst , price went to the moon into the 45 level. This time around is early in the cycle.
In February from liftoff to descent and landing took two weeks. Volumes topped out at 7M
shares per day. Current volume is about 760K. Price was flat in the Friday after-hours trading
on expected diminished trading. I expect LUNR to be actively traded until the news starts
getting old. After that, the 50% insiders some of what are just rank and file employees
but some of which are executive types with larger share quantities may find away to augment
the news cycle. My stop loss is 5 at the Friday afternoon low pivot. My target is near to the
head and shoulders of the February high pivot. I especially note a 425% earnings beat ( they
only burned 20% of the cash burning projection set by the analysts. Earnings is soon to arrive.
This could turn out to be a Tim Sykes' "supernova" with news digestion associated momentum
synergized with another earnings beat ( the earnings is probably all grants from NASA and the
Pentagon). I assert this could turn out to a a great trade.
lander ( robotic unmanned) is launch ready. While it is a publically owned company, 50% is
insiders, 40% retail investors and 10% institutions. In is in the shadow of NASA in Houston from
whom it has drawn employees. Of particular importance last spring when there was a news
catalyst , price went to the moon into the 45 level. This time around is early in the cycle.
In February from liftoff to descent and landing took two weeks. Volumes topped out at 7M
shares per day. Current volume is about 760K. Price was flat in the Friday after-hours trading
on expected diminished trading. I expect LUNR to be actively traded until the news starts
getting old. After that, the 50% insiders some of what are just rank and file employees
but some of which are executive types with larger share quantities may find away to augment
the news cycle. My stop loss is 5 at the Friday afternoon low pivot. My target is near to the
head and shoulders of the February high pivot. I especially note a 425% earnings beat ( they
only burned 20% of the cash burning projection set by the analysts. Earnings is soon to arrive.
This could turn out to be a Tim Sykes' "supernova" with news digestion associated momentum
synergized with another earnings beat ( the earnings is probably all grants from NASA and the
Pentagon). I assert this could turn out to a a great trade.
Trade active
Nice pop this morning. Trade is in profit and stop loss is 6% above breakeven. Idea completely validated.
Comment
I wonder if Tim Sykes and his clan are playing this?Trade active
The morning trade before the fade about 20% will there be more? I think so, Latecomers will add volume tomorrow and chase. I am waiting. Down to a half position for a conservative partial. Trade active
Strong on a down market day. Adding to the position.Comment
LUNR in orbit may be overextended- watching for signs of a momentum fade.The position is up 120% over cash deployed.
Comment
Nice price action today. Looking for more. Holing full position until Thursday afternoon. Disclaimer
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