Weekly Debrief
This week was rough. I made some mistakes, but also some gains.
First and foremost- $Intuitive Machines (LUNR.US)$ what a f***ing rollercoaster in all regards. There have been a lot of emotions between watching the rocket launch successfully, IM-1 successfully entering lunar orbit, knowledge of the crew to take the time to recalibrate with an extra rotation and make sure everything was right for the landing.
Then the actual landing itself. I tell you what, my heart was racing and my palms were sweating while waiting for communications to come back online after landing.
I have paid a lot of attention to this stock and the price action doesn't make any sense to me yet.
The machine ended up landing horizontally, most likely due to one of the legs catching on a rock during touchdown. However, all but one of the payloads (arguably the least important of the bunch) are still functional, operational, and transmitting data to home.
An antenna is pointed towards to lunar surface, restricting communication, but as a whole the operation is still a success. It is able to transmit all the data that it was sent there for- even if sideways.
Price action has been very volatile.
Adding an option chain at arguably the most critical point in this timeline was a major mistake. Completely skewed true price discovery.
The major trend I have noticed during both increase/decrease is that it will stall in price at every $X.50, then drop another entire dollar and stall again.
Again, a lot of conflicting emotions between my belief in the long term potential of this company versus the current price action.
It is painful to lose money to a mission that went pretty darn well considering they landed on the moon, autonomously, purely with the tech they installed, with the only minor hiccup being *a rock on the moon*?! C'mon.
Regardless of whatever happens next, I think this has become a stock that will continue to draw a *lot* of attention over the next couple of weeks/months.
Best wishes to everyone involved. Please try to make smart decisions.
Full Disclosure for Transparency: I made 15% profit from initial buy-in and sold early morning after rocket launch. I admittedly sold too early. I wish I had those $4 shares still.
I bought back in with an average of ~8.75, so I am currently down 36%. About 20% overall.
In hindsight, I could've played this a lot smarter and secured gains along the way. "Ape brain" took over and started trading off emotion instead of logic. Just a lesson of reinforcement to stick to your trading principles.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Nederhoed : This was a huge success for a first flight using the newest technology. 50 years ago, the first apollo mission using the newest technology of its time didn't even make it off the ground killing the entire crew. No one talks about that mission, just the predecessors of successes. This is just a bump in the road. This is the next Tesla of investing, and I know they had their ups and downs.
SpecklesS : I agree with you… especially regarding options… worst timing… with 80% of contracts being Calls… I doubted the price would go any farther than 0.50 cents. Oh well, I still believe in the company.. and still holding… I believe when they start releasing photos and some information that mention the success percentage of the landing, the price will go above 10 dollars again.
wooper : belive in the process
FANCY PANTS OP wooper : I cut some losses yesterday around $6 to move onto other things. Unfortunately this feels stagnant until the next launch. Will keep on watchlist for opportunities to reenter and hopefully recover those losses in the meantime.
wooper : best wishes God bless
