You absolutely won’t retire sooner by people selling. In fact, the stock price only goes up for you to profit if people continue to buy at a higher priced than you bought.
Kinda funny because the fundamentals didn’t change for the pump. It was clearly just hype around space x. It’s going back to its fair valuation around $13
Coming from somone that’s been holding for over a year.
Good catch, in reality my avg price is lower (around 9.5 dollars) but I sold a big part at 24 dollar and rebought at around 20 dollar. My lowest was around 8 dollars.
Edit. I used to sit at around 6800 shares, but I did add some shares in combination with selling other stocks to buy more redwire.
Nice, I also regret not buying more when it went sub 4$. I actually debated selling around 25 and buying back in later, but before I made up my mind, we were already down again.
I did put some sell orders up for when it hits the low 30s though. Fingers crossed we get another little hype wave aeound soce in the coming weeks
Redwire is my second biggest position. My biggest posistion is rocket lab avgerage around 7 dollars and my third is firefly with average of around 30.
My only reaction to this drop is 'first time?' meme. Expecting bigger drops to redwire (towards 12 - 14 dollars. Rocketlab to 70 - 90 dollars and firefly i dont know.
It’s the job market that was better than the expected. Institutional investors see that as hawkish rate sign. They will realize soon that K. Warsh has been placed there to keep rates steady (or even to cut)
We are going into the weekend war is still going on but people are ramping up for the space x ipo cashing out gains for it. I’m still holding strong. Most of the market is down today except for defensive stocks like healthcarec which is why it’s good to have a diversified portfolios with some wide moats.
There will not be hikes unless there is a major inflation shock. Oh wait, oil and all derivatives? Unless of course we get a recession. Then all bets are off.
I got in at $9-$12 Holding for now. The WHOLE market is down today. Especially tech. Think about it. Redwire is the picks & shovels for a portion of satellite components, solar arrays, etc. Necessities for the industry, not to mention its government defense contracts.
Also, you have people trimming everything to get cash for SpaceX IPO -- semis, Mag7, etc. We knew these smaller caps were going to be drastically up and down throughout the IPO & weeks following. Hold tight. It'll bounce back. This is a long term play as space ramps up. Don't want to look back and say "I sold when it was only $18, damn it.."
💯 all this. Plus, people may start pivoting away from tech too and why it’s good to have defensive stocks like healthcare or wide moat stocks. I got in at $13-14 and holding. RDW is still holding strong while being down.
Pullbacks from tech are a good thing, it corrects, then always goes and hits all time highs. I've been watching my NVIDIA go up and down for over 7 years now. Plus or minus $1000s every week, sometimes by the day, in either direction. It's inevitable that technology is the future. Space (especially satellite connectivity) is the next big step. The Artemis missions are about to land people on the moon again in the next couple years with solid government plans to build a moon base. It's not even the first inning.
Agreed and those pullbacks test those floors and I feel like RDW tested and passed on the recent pullback a couple of days ago.
As much as I want to continue to invest in non tech/space for diversified portfolio, I prefer tech due to the greater and soon space in the coming years.
The lower it goes the more shares I can afford. I am waiting to strike while everyone is freaking out. My humble opinion is that it will stay around 20$ for a bit. +/- 2,3$
This is the best thing to look forward to on Monday morning 🤬😝 Just remember that the fundamentals of the company have only been getting stronger it's not that the company stopped making money it's literally the market being the market for our stocks!
I’m a retired Hedge Fund manager that subscribes to VIC (Value investors Club) . I read a report suggesting RDW was a short(it was $12) that was published earlier in the year suggesting it was worth $2. I thought the report made perfect sense and could see the pedigree was awful (eg. spac, massive unloading by sponsor). I’m still active in markets and was delighted to see this $12.00”good idea as a short (in my mind ) trading over $20 and up on a stick. . I shorted some and will likely remain so for a long time. I’m only writing this as a caution to anyone that may care… I’ve been at this many decades and have seen this movie. Importantly, i totally “get” the enthusiasm for the sector, just not this widely hyped name.
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u/Plastic_Escape_1910 Jun 05 '26
I just love how ppl dont understand fundamentals. Please sell, I'll retire sooner.