The Move We’ve Waited For
Happy Friday Jr. folks!
What a day.
Congrats to my fellow drone stock speculators.
Today's the move we've waited for.
Before we dive in - there’s a second story that caught my eye today. And it's right in line with another long-term thesis I'm cultivating.
Billionaire tech titan Peter Thiel relocated his family to Argentina.
He bought a mansion in Buenos Aires. Pulled the kids and enrolled them in school. Per the NYT it's a temporary move for now - but he's met with President Milei, and Argentina has floated offering him residence, maybe even citizenship.
This is a big deal.
Thiel is one of the largest shareholders in SpaceX.
He’ll soon be ringing the register.
And our job is to follow the money…
I've been watching Argentina via the country ETF - $ARGT - since Milei got elected in 2023.
Since the election, $ARGT is up 105%.
This is a perfect example of when price gaps higher and continues to drift.
I digress.
Let's talk drone stocks.
Here's what happened -
Yesterday, the Wall Street Journal dropped an exclusive.
The Trump administration is in talks to fund a handful of U.S. drone makers through the Office of Strategic Capital.
A mix of debt and equity. Potentially direct government ownership stakes.
All of it tied to the Drone Dominance initiative - 300,000 low-cost attack drones by the end of 2027. A presidential priority baked into the $1.5T FY27 defense budget.
The drone stocks ripped across the board:
- Rex Drone ETF - $DRNZ +14.52%
- Defiance Drone and Modern Warfare ETF - $JEDI +11.69%
- Ondas - $ONDS +22.69%
- Red Cat - $RCAT +32.61%
- Unusual Machines - $UMAC +57.20%
- Swarmer - $SWMR +16.95%
Ondas is my largest position.
Needless to say, today was a good day.
After my morning meetings, I fled the desk to keep myself from doing something silly.
Big day at the beach.
But here’s how I'm seeing $ONDS moving forward.
The stock closed at its 10th highest price of all-time.
I'd be surprised if $ONDS doesn’t take a shot at its February 2021 all-time high - 15.40 - on the backs of its 1,000%+ earnings report AND last night's WSJ article.
I didn't sell any shares in today's strong tape as I feel this move is just getting started.
I could be wrong. But what if I'm right?
My average cost is 9.7664.
I hold great stock in a great group with the market making all-time highs.
I will look to trim some profit off the top if // when $ONDS closes above 15. Not a lot - just enough to reap the fruits of my labor.
Now the part nobody wants to read on a green day…
No deals have actually been signed. Not one contract.
Let's see how we finish the week.
Tomorrow could be another feast.
It's all fun and games until the party's over.
Godspeed.
