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(NASDAQ:ASTS) was among the stocksJim Cramer commented on as he advised investors on how to take advantage of Wednesday's market rotation.
A caller inquired what one should do if they do not have a position in the stock.
Here's what Cramer had to say: I think it's a great speculative stock.
I really do… I think it can make money in two years.
I really would, especially because it's just taking that break.
(NASDAQ:ASTS) builds and operates the BlueBird satellite network.
The company delivers space-based cellular broadband that connects directly to standard smartphones.
An Investing Club member inquired about the stock during the June 18 episode, and Cramer responded: Alright, now, we looked at all these satellite and rocket stocks and came back with a very mixed view of them because they're so hit or miss.
Now, strangely, when in the miss cycle, I like them.
This is low enough that I think you ought to take, it's a flier, remember, you're allowed to have, every five stocks, you can have one that is speculative.
For every five stocks… of that I want rigor, you can have one that is just about your heart.
How about that? And anyway, it is passion versus rigor, and it's speculation versus pure investment.
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