▲ 4 r/SPCE
Cup and handle Pattern?
I think a cup and handle Pattern is formed. So if it brakes up direction it could be strong. What do you think?
u/Traditional_You_8496 — 6 days ago
▲ 49 r/SPCE
You guys got to scared
Virgin Galactic will take less than $30 million from the market, but for example, yesterday 284 million shares were traded at an average price of $7.4, meaning over $2 billion was traded. Virgin Galactic will take less than $30 million from the market, which is about 1.5% of the amount traded on a day like yesterday... so it's fine, it's dilution, but it's nothing compared to the current volume, and it's okay for them to take a little to pay off debt and improve their balance sheet... a 30% drop is just because people got scared, but is not that bad, I say it should happen and we should go back to the moon like we were doing.
u/Traditional_You_8496 — 3 months ago