Virgin Galactic, SPCE race to the bottom
Updated
Stock is currently at the mean and may test potential new lows in 2022 with little reason to buy on fundamentals before then accept gamble on technicals.
Virgin Galactic business model seems unviable. Old tech. Extremely expensive, with low take up.
Needs significant shake up to make it work.
Branson keeps selling SPCE stock to prop up failing airline business.
Looks like pump and dump.
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Okay, we are gganbu. --- Oh Il-Nam
Virgin Galactic business model seems unviable. Old tech. Extremely expensive, with low take up.
Needs significant shake up to make it work.
Branson keeps selling SPCE stock to prop up failing airline business.
Looks like pump and dump.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Okay, we are gganbu. --- Oh Il-Nam
Note
Psst hint: it's a penny stock
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