S58 Buy or Sell ? Strong Sell !
$SATS (S58.SG)$ 3.74
SATS is a Strong Sell at around $4.40.
It is expected to crash to $1.60.
Do your own due diligence. I am not a financial advisor.
Good Luck
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gancheong spider : It was above $2+ when the global aviation sector shut down in 2020. It will need more than a covid 2.0 to go below $2.
102702622 OP gancheong spider : I think GFC 2.0 is coming
gancheong spider 102702622 OP : Well, it's definitely always possible for it to go below $2 but the probability is not high, me-thinks. Even if GFC 2.0 is here, unlikely the whole aviation sector will shut down. It will take many factors for SATS to go below $2. A covid 2.0 + super high interest + terrible east asia & US economy perhaps.
JJ trader : When you sell the shares, then say share go below 2 so that you can buy back. Right ?
105230490 JJ trader : many this type of people
102702622 OP JJ trader : I don’t own SATS shares but I am monitoring it
102702622 OP gancheong spider : If the world economy gets hit, everything will go down like domino effect.
It could be a black swan too. If US market sneezes, everyone else is going to catch a cold.
Personally, I think US market is due for a huge correction. Therefore it is bad news for Asian markets, especially China and HK markets. Chinese government senses something that is very wrong and they are trying to stimulate the market. It will help in the near term. I see HSI peaking at 25,000 soon before crashing to 8,000 !
JJ trader 102702622 OP : We’ll talk is cheap. If it clashes, he are right but more than half gone, my personal view is rather impossible.
102702622 OP JJ trader : Time will tell.