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KozakHlib
Jul 12, 2021 11:06 AM

$SPCE is gonna fall today Short

Virgin Galactic Holdings, Inc.NYSE

Description

Pupm&Dump trading strategy idea.

SPCE is rising too much today.

The demand for shares of the company looks lower than the supply.

This and other conditions can cause a fall in the share price today.

So I opened a short position from $53,48;
stop-loss — $55,62;
take-profit — $49,22.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Thanks for being with me!
Comments
Chaython
I had a sell set at 57, but when the flight was successful, I removed my order. I'm still bag holding. :P Well it's still up 40% or something...
KozakHlib
@Chaython, well, Branson has problems with other business, so he will sell stocks :)

Also, this flight is just the good news, but the business still weak.
Najah000
Thanks for your idea, do you can update your idea ?
KozakHlib
@Najah000, It was short-run intraday dump trade based on order-flow. So ... I can't say anything about future :)
UnknownUnicorn25065603
Nice!
KozakHlib
@DancingMarkets, thanks
rp227
well done !
KozakHlib
@rp227, thank you!
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