Virgin Galactic launches today!

Virgin Galactic launches Richard Branson into space today at 9am ET.

Also announced today is that Elon Musk has put down a $7k deposit for a seat on one of their future launches!

Anyone else holding VG? How do you think the stock will perform on monday?

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I expect the stock to go down if the rocket goes boom. Otherwise I have no clue sold a couple of weeks ago bad timing looking back😕

After a successful launch yesterday, I expect the stock to go up today. But, I also expect it to be severely overbought, resulting in a mass sell-off on Tuesday.

Moreover, all price indicators show that the stock is currently already valued quite high. Perhaps even too high. The only thing pushing it up further right now is sentiment, not the underlying value of the business. In my opinion, that’s a big red flag.

Nevertheless, these are exciting times for companies heading for space.

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I stand corrected. I guess it was already severely overbought. The mass sell-off started a day early. Po-tay-to, po-tah-to.

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Sell the news, buy the rumor I guess… :man_shrugging:t4:

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VG sold $500m of stock