Shared by
beno
Fundamentals
New company focused on long term growth in space exploration, no revenues, pure speculation.
Catalysts / News / Painting the picture
-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
-May 05 2020: Earnings - strong cash position, more then $400m in cash, no meaningful revenues, still growth company
-May 06 2020: CEO on TV
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 20 level
Confluence: Whole $
Strike Zone: 20 - 19.8
Sizing (lots + emergency):2+2
Risk (stop / Rs): Hold below 20
Review / Lessons Learned
Only took with 1 lot to get used to market this week, small win
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-13 09:44:01 | SPCE | buy | $19.930 | long |
| 2020-07-13 09:44:03 | SPCE | buy | $19.930 | long |
| 2020-07-13 09:44:08 | SPCE | buy | $19.930 | long |
| 2020-07-13 09:45:09 | SPCE | sell | $20.130 | long |
| 2020-07-13 09:45:09 | SPCE | sell | $20.130 | 0 |
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