Astra Space Inc (ASTR)

[santafe2]

So that must apply to AMZN, AAPL, GOOGL, MSFT, etc., which are all down today. It's helpful to understand what the market is doing and general economic forces that work especially hard against tech companies - even more so against start-ups.

All growth companies are valued on their future earnings potential not their current earnings or lack thereof. When inflation concerns are rising and the 10 year treasury bond is rising it puts a damper on all of these companies.

ASTR is a long term hold for me but I've noticed that smart traders are doing well moving in and out as news becomes too positive or too negative. I think both approaches will work well in the long term but whining is not an investment strategy.