SPCE please someone explain this... How the heck can more than 3x the float be traded in a single day?? only 20ish percent of the float was shorted, allegedly. Doesn't make sense to me. Anyway I'm pretty stoked to have made some actual gains on my first trade idea 😎 This has been, by far, the biggest volume trading day on this stock ever. No other day comes even close.
I believe in SPCE both as a company but also especially as an investment opportunity. Not only is this 'criminally oversold' right now with a massive undeniable bullish divergence on the weekly, the revised GS target for this stock is $36, and they have beat earnings after earnings. Revenue might not have been as great as forecasted - but honestly, it makes a lot of sense when you read into why (focus on production of new space ships). In about a year they should be presenting some vastly improved earnings according to forecast, and if they also keep on track with beating earnings like they've done these past four quarters and past two years, this stock will fly as well as the space ships. Of course there's this looming recession vibe and orange man keeps saying things that makes the market in general sell off, so those things are definitely bumps on the road. But yeah I am personally going to hold my xxxx shares of SPCE that I've been stacking up these past dozen days and see if I'm right or awfully wrong.
Not financial advice, obviously. I am just a learning trader with an idea here so you probably shouldn't go maxing out your credit in order to throw all you can at SPCE just because you read my thoughts (please be sane and don't come blaming me for losing all your money if this goes to 0 or gets delisted).
SPCE is run by entrepreneurs but not aerospace engineers. Branson isn’t involved enough to be pivotal. The success of this stock will hinge on if they can get somebody who is bright eyed and bushy tailed, ready to change the world through space travel.
SPCE please someone explain this... How the heck can more than 3x the float be traded in a single day?? only 20ish percent of the float was shorted, allegedly. Doesn't make sense to me. Anyway I'm pretty stoked to have made some actual gains on my first trade idea 😎
