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RKLB Commentator$Rocket Lab(RKLB.US)
Last night's earnings were like a floodgate opening...
One piece of good news and one piece of bad news.
The good news is that RKLB secured its largest launch contract to date last night: a $190 million launch agreement led by the U.S. Department of Defense, pushing the total backlog value to over $2 billion, which is very solid.
The bad news is that last night, the combination of the ATM news (sell the news), crude oil, Powell's hawkish remarks, and PPI made for a very ugly price action. It looks like the momentum built up over the past 5 weeks was all for nothing, and we might have to retest 68, 65 again 🤧
Oh, little rocket, why did you have to announce the ATM on such a critical breakout moment yesterday? Wouldn't it have been better to announce it after securing the contract today? 😅
⬆️ Personal thoughts, not any investment advice
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