Why the Virgin Galactic project makes absolutely no sense!
This stock does not even have a sustainable business model for starters.
1 plane
2 pilots
250,000$ a ticket
603 people have already paid for tickets.
Virgin Galactic Historical disaster
Branson has already killed one pilot trying to fulfill his dream of flying into not outer space. "At 10.51am PST 31 October 2014 39-year-old co-pilot Michael Alsbury was killed and 43-year-old pilot Peter Siebold was seriously injured."
Wait until when one of these birds falls out of the sky or crashes on a runway with paying customers on board (GOD FORBID!) This stock will go to negative 1 million to the millionth power times infinity.
It is riding the ideology of space travel and you're not even going into outer space people. You get rocketed a few 100 thousand feet in the air and then they turn off gravity, you float around in the air plane and you come back down to earth, literally. Just like this stock is about ready to
To me, this is about the old man who owns the company fulfilling his life long dream of flying into space, I mean almost into space. They are about to build a new plane and he has to get money from somewhere and what better place then the stock he is currently pumping and about to dump to pay for that second plane. He is the one who caused his stock to cough up a lung that I showed you in the chart.
This stock is WAY over valued based off of simple speculation that humans can space travel without even going into space.
Investors are pumping this thing as well and they are feeding off of public euphoria and mania and trying to squeeze every dollar out of the public that they can. Very soon they will profit take and the public will get liquidated.
If you got into this bad boy around 6 to 10$ then good for you man. Next, get the hell out and take your profits and wait for the pullback and buy back in if you truly believe in this project.
Best of luck. Trade responsively and responsibly, my friends.
1 plane
2 pilots
250,000$ a ticket
603 people have already paid for tickets.
Virgin Galactic Historical disaster
Branson has already killed one pilot trying to fulfill his dream of flying into not outer space. "At 10.51am PST 31 October 2014 39-year-old co-pilot Michael Alsbury was killed and 43-year-old pilot Peter Siebold was seriously injured."
Wait until when one of these birds falls out of the sky or crashes on a runway with paying customers on board (GOD FORBID!) This stock will go to negative 1 million to the millionth power times infinity.
It is riding the ideology of space travel and you're not even going into outer space people. You get rocketed a few 100 thousand feet in the air and then they turn off gravity, you float around in the air plane and you come back down to earth, literally. Just like this stock is about ready to
To me, this is about the old man who owns the company fulfilling his life long dream of flying into space, I mean almost into space. They are about to build a new plane and he has to get money from somewhere and what better place then the stock he is currently pumping and about to dump to pay for that second plane. He is the one who caused his stock to cough up a lung that I showed you in the chart.
This stock is WAY over valued based off of simple speculation that humans can space travel without even going into space.
Investors are pumping this thing as well and they are feeding off of public euphoria and mania and trying to squeeze every dollar out of the public that they can. Very soon they will profit take and the public will get liquidated.
If you got into this bad boy around 6 to 10$ then good for you man. Next, get the hell out and take your profits and wait for the pullback and buy back in if you truly believe in this project.
Best of luck. Trade responsively and responsibly, my friends.