r/wallstreetbets • u/ADropinInfinity • Feb 11 '25

Gain 122K->1.5 Million Weeklies. I'm Done With AST... Moving On To $ABSI And $ACHR

I'm Following up my YOLO post of Last Week. Turned around 122K to 1.15M in a Week. It's been a great run, but I'm done with ASTS.

I'm moving on to $ABSI(One Of The Most Undervalued AI Plays IMO) and $ACHR(Still Very Undervalued IMO) balls deep.

EDIT(people were commenting why $ABSI, this is mini DD):
The AI industry is rapidly shifting towards AI biotech and AI drug discovery, as that sector of the market has a lot of room to grow and remains in the most undervalued segment. ABSI stands out for me as one of the most undervalued companies in the space of AI Drug Discovery, currently valued at just over $500 million. It recently received a large investment from AMD and has strong partnerships with big pharma with a good pipeline. Major players like NVIDIA are starting to heavily invest in AI-driven biotech. I believe that in the AI Sector, this is the year of the AI-Drug Industry(Proving this point Pelosy investing in TEM?). Moreover, Analysts have an average price target of $8.57 with some analysts having a PT of $13. I'll do a Full DD on it soon...

Gains

Disclaimer: I’m not a financial advisor. This is an entertainment/opinion post and not financial advice—just me sharing what I’m doing to showcase my degeneracy for fun. past performance doesn't mean/guarantee future results.... What I mentioned is very speculative and is sometimes dumb gambling. Moreover, such speculative investments carry the risk of failing/bankruptcy if the tech fails or is not as promised. Don't invest based on this post as I'm a regard. Do your own research as it may contain mistakes and may be 100 percent wrong...

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207

u/JayhawkAggieDad Feb 11 '25

You'll be kicking yourself for getting out of ASTS early. AT&T just revealed that they bought a large position in the company on Feb. 3 according to their latest SEC filing. Verizon and Google will likely report similar investments in ASTS soon.

64

u/Academic_District224 Feb 11 '25

Owning this stock has been torturous. Profit is profit.

20

u/Anymousie Feb 11 '25

Own it for the long haul; it’s a buy-and-forget kind of stock in my opinion.

12

u/MediumLanguageModel Feb 11 '25

Timing is everything. I felt like I was late to the party at $4.89. So many buying and selling opportunities along that rollercoaster in the past year. Hoping it'll get back down to $25 soon for another chance to get back in before it goes up to $50.

4

u/Initial_Ad2228 Feb 11 '25

I’ve been trading it for awhile. It will be under $20 in a few weeks, don’t worry. It’s not falling down as fast this time as typically but it will come back to low $20s.

2

u/madstork2 Feb 12 '25

I bought at 18 and sold at ~33 and I'm waiting for 25 too

5

u/cbrew14 Feb 11 '25

I mean yeah, if you don't like making money

2

u/JayhawkAggieDad Feb 11 '25

True, but for great gains, there is great pain first.

13

u/WorldlyEquipment45 Feb 11 '25

Is this reported in their 10K or a separate filing? Just curious; forget if 10K is what discloses that

7

u/crankthehandle Feb 11 '25

do they even have to report it?

9

u/Echo-Possible Feb 11 '25

Since when is AT&T known for making good investments?

They bought Time Warner for 85B in 2018 and three years later divested it for a 40B loss. One of the biggest fails of all time (not hyperbole).

15

u/JayhawkAggieDad Feb 11 '25

Since they partnered with ASTS.

1

u/Initial_Ad2228 Feb 11 '25

They didn’t buy shares. It was a convertible loan I believe that was repaid in shares.

1

u/Ratez Feb 18 '25

Think of at&t as an insider.

1

u/tuart Feb 12 '25

the AT&T investment happened a long time ago and was already known prior to the latest filing

-1

u/Nothinglost7717 Feb 11 '25

No he won’t. 

He made massive profit from weekly calls. 

4

u/JayhawkAggieDad Feb 11 '25

Good for him. Should've bought ASTS LEAPs with the profits.

1

u/Nothinglost7717 Feb 11 '25

He can buy options on companies with greater Vol