jamdejam

Why i expect SPCE to fall again ?

做空
NYSE:SPCE   Virgin Galactic Holdings, Inc.
Why i expect SPCE to fall again ? Under $20

SPCE go up only when we fly, and apparently we are not going to fly soon.

Bad News
- FAA Don't allow anymore any flight until investigation end
- Major Technical issue is investigated with a supplier (needed for reentry in atmosphere)
- Flight postoned, but it will postoned again from previous reason
- High wind deviation in November (Flight window limited)
- Possibility to liquidate shares again
- Virgin Galactic is very prudent, if there is any doubt they don't fly, because they already had a accident in the past.

Good News
- November Q3 results

My Forecast is Under $20 from now to November

When all the bad news are gone, its time to invest again !

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