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-15 long of 20.80 level
Confluence: VWAP
Strike Zone: 20.85 - 20.60
Sizing (lots + emergency): 2+1
Risk (stop / Rs): Hold below 20.60
Review / Lessons Learned
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-16 12:45:32 | SPCE | buy | $20.930 | long |
| 2020-07-16 12:45:32 | SPCE | buy | $20.930 | long |
| 2020-07-16 12:45:32 | SPCE | buy | $20.930 | long |
| 2020-07-16 12:45:32 | SPCE | buy | $20.930 | long |
| 2020-07-16 12:45:44 | SPCE | sell | $21.030 | long |
| 2020-07-16 12:45:44 | SPCE | sell | $21.030 | long |
| 2020-07-16 12:45:44 | SPCE | sell | $21.030 | long |
| 2020-07-16 12:48:23 | SPCE | sell | $21.093 | long |
| 2020-07-16 12:48:23 | SPCE | sell | $21.090 | 0 |
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