pulled back ~15–18% from the high.
NASA has pulled back sharply from recent highs, so holding here without a clear upside catalyst is poor risk control.
NASA is already well off its recent peak by about 15–18%, which increases the probability of further drawdowns if the tape stays weak. The key issue is managing risk rather than hoping for a rebound.
"If you are still holding some of these space stocks, you probably want to re-think that trade."