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
-Jul 16 2020: New CEO / old Disney parks CEO
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT of 19.5 level
Confluence: Half $, PM Level
Strike Zone: 19.5 - 19.4
Sizing (lots + emergency): 1+1
Risk (stop / Rs): Hold below 19.4
Review / Lessons Learned
Only got partial, missed that extra 100 shares, OGT but piked the sell
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-16 09:49:20 | SPCE | buy | $19.630 | long |
| 2020-07-16 09:49:20 | SPCE | buy | $19.630 | long |
| 2020-07-16 09:49:23 | SPCE | buy | $19.630 | long |
| 2020-07-16 09:49:45 | SPCE | sell | $19.830 | long |
| 2020-07-16 09:49:45 | SPCE | sell | $19.830 | long |
| 2020-07-16 09:49:51 | SPCE | sell | $19.760 | 0 |
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