Virgin Galactic Holdings Inc (SPCE)

[pennyexpert247]

Company pushing on the media front...a lot of exposure with CEO interviews for no reason? If no reason then it’s a waste of time... The amount of money buying into this at these prices - over $30 / share - has been over $10 BILLION dollars in less than 2 weeks. You think that’s all emotional panic money? I’d agree that this stock might need a break under normal circumstances and if the volume here wasn’t so tremendous...it’s 9 dollars off the high and 2 red days in a row with a massive potential / likely catalyst just days away. Even with the markets corona-virusing another red day would surprise me tomorrow. Bottom line is...this one is different and don’t expect it to react like most other stocks. There is biiiiig money buying here...buying the float and every short share that someone is willing to borrow to sell. Huge premium to borrow btw and that’s if you can find a broker to borrow from. My point is this...this thing is different but the one rule holds true - follow the money. That’s what I’ll be doing...