Jim Cramer Says He is “Not Against” AST SpaceMobile But Notes That “It’s Speculative”

“The abstraction stocks are plain and elemental specs. That doesn’t mean you shouldn’t bargain it. As I accidental successful my book, you should bargain one. This whitethorn beryllium the 1 to buy. I’m not against it, but you person to recognize that if it goes down, it’s speculative, you could suffer a batch of money.”

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AST SpaceMobile, Inc. (NASDAQ:ASTS) builds and operates the BlueBird outer network. The institution delivers space-based cellular broadband that connects straight to modular smartphones. During the October 22 episode, Cramer called it an “intriguing cellular broadband play,” arsenic helium remarked:

“Now, here’s a banal that though it’s up much than 200% for the year, it’s astatine $71 and change, it’s inactive down much than 30 points from its precocious conscionable six days ago. I’ve been informing radical that you person to commencement bailing erstwhile you spot large financings similar we had astatine the extremity of the dot-com era. Sure enough, AST SpaceMobile, an intriguing cellular broadband play, conscionable offered $1 cardinal successful convertible notes and 2 cardinal shares astatine $78 and change. It’s mislaid wealth for the past 5 years, with a $677 cardinal successful antagonistic escaped currency travel for the past 12 months. I accidental no, convey you.”

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