Public trading strategy
SpaceX IPO hype is spilling over — long the space industry's 'next best things'
Thesis
SpaceX's IPO is bringing an incredible amount of attention and money into the space industry. However, because it's so hard to get SpaceX shares right now, that massive wave of investor excitement is likely to spill over into other publicly traded space companies. These smaller space firms offer a more accessible way for investors to bet on the space economy. As the SpaceX hype continues to dominate financial news, these secondary stocks could see a significant boost from the halo effect.
Strategy approach
Build a long strategy for RKLB and LUNR on a 1D timeframe. Enter long when price breaks above the upper Bollinger Band (20, 2) on above-average volume (volume > 20-day SMA). Exit with an 8% profit target or a 3% stop loss.