Buy The Dip - SPCE
Updated
Delayed flight due to "Covid" presents another buying opportunity for SPCE, one of my favorite tickers to swing. I'm looking at another entry around 19.5 - 19.3 and should it break down past that, I'd look to buy more in the $17 range.
Currently no position but keeping cash on the sidelines for this and a few other plays in the near term.
With the positive news regarding vaccines - I'm just waiting for Covid Cases to subside slightly (may not happen soon) to give me a little more confidence NM pulls back on some of the restrictions.
Have a feeling we are going to see a dip / trade sideways for a little but the intrinsic value I believe SPCE holds is something that shouldn't go unnoticed.
GLTA
Currently no position but keeping cash on the sidelines for this and a few other plays in the near term.
With the positive news regarding vaccines - I'm just waiting for Covid Cases to subside slightly (may not happen soon) to give me a little more confidence NM pulls back on some of the restrictions.
Have a feeling we are going to see a dip / trade sideways for a little but the intrinsic value I believe SPCE holds is something that shouldn't go unnoticed.
GLTA
Trade active
Break of $21 actually makes me bullish on SPCE again. Back in on this one. Can't predict them all but that's why you have cash on the sidelines waiting.
PT1: $29
Note
;)
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