New company focused on long term growth in space exploration, no revenues, pure speculation.
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-Moving with market lately
-Intraday pattern: Parabolic Fade
-Levels: 15, 15.50, 16, 16.40
FT-15 long of 16 level with whole dollar and VWAP confluence
Looking back this was a really good setup to get big in but I think I hesitated to add size because SPY was at HOD and was due for a big enough pullback.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-09 09:50:04 | SPCE | buy | $15.970 | long |
2020-04-09 09:50:28 | SPCE | buy | $16.000 | long |
2020-04-09 09:51:03 | SPCE | sell | $16.090 | long |
2020-04-09 09:51:26 | SPCE | sell | $16.081 | 0 |
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