ASTS261120C150000
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The space twins: ASTS has corrected about 60% from its high near 130, and RKLB has corrected about 55% from its high near 150. Both happened within two months. The volatility of growth stocks is indeed high.
Also, it's better not to go where the crowd is; crowded places are prone to trouble. ASML and TSMC's earnings are very strong, and TSMC even raised its capital expenditure. However, this round of adjustment in the semiconductor and related industries has been brutal, basically a one-wave correction of 30, 40, 50 percent, with more being deleveraging.
It feels a bit uncomfortable; July won't be easy.
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