Mar. 11 at 11:40 PM
Will the Inverse Cramer Effect strike again? 🤔
$SATS is now about to run into its 50DMA resistance right after Jim Cramer praised the company for “bursting onto the scene with big deals.”
- Late August: EchoStar announced plans to sell wireless spectrum licenses to
$T for
$23B
- Early September: Another deal surfaced to sell spectrum licenses to SpaceX for
$17B
Despite a +3.39% day, today’s netflow showed bearish divergence, with net call premiums falling deeply into negative territory.
Thanks Jim. 😅