SPCE - pullback, then to the moon

22 thg 7, 2020

My favourite stock at the moment.

Likely to be hyped in the coming months as:
- SPCE will get tge approvals for starting operations.
- Richard Branson to the moon.
- Potential announcement of different product lines and revenues from agreements with NASA and maybe Disney (new CEO is ex-Disney)

Buy at 21$ pull back.

First target 32$ --> achivable next week when they show the cabin and announce the approvals of regulators.

Second target 47$ --> achivable when Richard Branson goes to the moon and first clients announced.

Third 64$ --> achivable when first clients fly and tell how incredible experience it is.

To the moon --> announce of hypersonic flights, Disney agreement, etc

23 thg 7, 2020

Ghi chú

Pullback as expected, tomorrow I expect to see a close around 21, which would be a good point to start loading the truck again.

Next week it could go up again as they show the cabin and generate some hype.

29 thg 7, 2020

Ghi chú

Pattern developing as expected. It may go to 16-17$ if q2 earnings disappoint, which I think they will. Wait to confirm if 21 level holds or not.

6 thg 8, 2020

Ghi chú

Finally Spce lost 21 level. I think it will make a head and shoulders figure, and dip down to 16-17 area.

Just wait, as short sellers are going to come like a pack of wolves for this one. If it holds the 16-17 area for a few weeks, it may be a good range to start accumulating.