To The Moon

$AST SpaceMobile, Inc.(ASTS)$ I'm seeing bearish divergence between SPY price and its RSI. This lines up with mid-term election volatility and September's seasonal weakness. I'm hoping we can consolidate through this macro headwind without a big pullback. If $SpaceX(SPCX)$  can stay steady, that would help support the space sector.

$Coherent(COHR)$  AAOI is seeing more money flowing in today even though it's down the most. I think the money will rotate back here soon, maybe even before the close.

$SK hynix(SKHY)$ Korea's market looks over-leveraged and you can tell there's some nervousness, but I'm still holding.

$SpaceX(SPCX)$  Those "it will go down after unlock" posts were the classic post-IPO lockup folklore that works on weak companies. On a name with this kind of demand and narrative, it just created a perfect short-squeeze and FOMO fuel setup. Congrats to everyone who faded the doom scrollers.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ It looks like Wall Street has found a way to repackage AI-related debt and sell it to 401k companies through CLOs. The idea being that if it eventually goes down, it's baked into everything, and the government would be forced to step in and bail them out.

$SK hynix(SKHY)$  $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ $NEBIUS(NBIS)$ $Marvell Technology(MRVL)$ The market action felt better today, kind of like it finally turned a corner. Hopefully we see some follow-through in the next few sessions.

$Applied Optoelectronics(AAOI)$  AAOI has been saying for a while that they expected to reach non-GAAP profitability in Q1 or Q2, and they just got there. Sure, there was a tax benefit involved, but that's still money on the balance sheet, which is exactly what non-GAAP accounting reflects. Some people don't seem to grasp that it takes spending money to make money. If you actually go through the 10K, revenue jumped 86% year-over-year, while cost of goods sold rose 93%. That spread is the cost of building up future output capacity. The 7% gap represents roughly $10M in additional expenses aimed at supporting higher future revenue, with COGS up $30M compared to last year. R&D spending also increased 61%, which

$SpaceX(SPCX)$ Shorts were looking for a sell-off and ended up getting trapped.

$SpaceX(SPCX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Palantir Technologies Inc.(PLTR)$ Everyone should just take a breath. Looks like the move was simply meant to flush out the puts.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Sandy seems to be on a tunnel vision trip here, stumbling around screaming the sky is falling despite earnings, forward guidance, and a bunch of other positive data points. Oh well.