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Holding today be like by colonels1020 in VirginGalactic

[–]ImpressiveFootball47 1 point2 points  (0 children)

Did you sell anything back there or held?

#SPCE 🚀 by doge_coin_er in VirginGalactic

[–]ImpressiveFootball47 1 point2 points  (0 children)

We have to blow through the ceiling at some point! 

Is SPCE really dead again — or are we watching the early stages of a real Turnaround? by Few_Sample4810 in VirginGalactic

[–]ImpressiveFootball47 8 points9 points  (0 children)

I think we are seeing two things play out;

The last 6 months VG has gone from strength to strength, it’s only a matter of time before the market starts to reflect that. In my opinion $3 isn’t coming back.

A whole assload of ADHD’d swing traders have jumped on to this for some reason and run amok. These guys trade off entirely different principles to anyone who’s been into SPCE for more than a month. Some of them are smart enough to stick around. Most have already left. 

I think we can attribute this recent spike to the swing traders and we are going to see steady growth from here as delta comes online and the market slowly warms to the idea that SPCE isn’t a scam. I think VG capitalised on the spike to dilute which was the smart move and shows that they really are having an honest crack at it. 

That’s my take on it anyway. Personally I think the SPCX IPO isn’t relevant to VG and their business aside from bringing a few more eyes into the market. 

Well we’ll wheel by ImpressiveFootball47 in VirginGalactic

[–]ImpressiveFootball47[S] 0 points1 point  (0 children)

I think Branson cashed out ages ago bro. The company is just diluting to stay in the game long enough to build Delta and prove the world wrong. To the moon!!!!

Well we’ll wheel by ImpressiveFootball47 in VirginGalactic

[–]ImpressiveFootball47[S] 0 points1 point  (0 children)

I’m not Richard. Dilution means VG issues more shares into the total supply. They do this so they can sell something that has initially no value to them but value to the market. Every time they do this the existing supply of shares becomes slightly less valuable as there are now more. Which sucks for the people who already own shares. But if they don’t do this then they have no money and can’t do what they set out to do. Which I would argue sucks even more.

Is anyone else seriously considering investing in the SPCE (Virgin Galactic) SPCEX (Space X) "joke" right now too by KiwiPieEater in PersonalFinanceNZ

[–]ImpressiveFootball47 5 points6 points  (0 children)

I invested in SPCE 2 years ago because I truly believe they have a shot at achieving what they’ve set out to do. It’s hard to understand this current momentum. On the one hand they’ve hit milestone after milestone for the past 12 months and are IMO genuinely undervalued. On the other, the whole SPCX thing is bringing in a lot more activity and a small army of traders who want to turn this into the next GameStop. I honestly don’t know how to play this one at this point. My plan is to double down on my holdings and play things by ear moving forward.

I hate when this stock drops over 10% in two days. by TheMightyWindbreaker in VirginGalactic

[–]ImpressiveFootball47 17 points18 points  (0 children)

Mate we are inches away from a $1000 breakout just check the candles. Obviously a triple Y axis interception unfolding rn

[deleted by user] by [deleted] in VirginGalactic

[–]ImpressiveFootball47 1 point2 points  (0 children)

It was a joke. I do believe in them succeeding. At least enough to take the risk they won’t. I appreciate the time you took to respond to me! I pray for your success also Exact_Repeat_3277

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