TLDR: $SPCE is so retarded, it’s actually smart.
I’m writing this because I’m balls deep in $SPCE ($129k @ $5.11 avg entry), and because I genuinely think this will print come next week (why else would I be balls deep?). The thesis is rather simple, so bear with me for this one.
Position (mods, let me know if you need verification as well):
25 196 shares at $5.11 avg entry
People keep comparing $SPCE to other meme stocks. Here is why that matters.
When we launched BB into orbit in 2021, it had a market cap around $2.5 billion. SPCE is a fraction of that size. The amount of buying pressure required to move this thing is dramatically lower. The volume on Friday was 170 000 000 shares, purely on the basis of a meme.
This is not a mega cap. This is a tiny floating object drifting through space waiting for a spark. And we've got the spark.
The Biblical DD (main thesis)
The company is called Virgin Galactic. In Matthew 25:1-13, Jesus compares the Kingdom of Heaven to ten virgins.
- Coincidence? Maybe.
- What direction is Heaven? Up.
- What does Galactic imply? Also up.
This might be the most fundamental thing about this DD. It's been promised to us already, how can it go wrong? Exactly.
The Space X meme
Now before the comments start screeching, yes, I know. SpaceX ticker is $SPCX. Virgin Galactic ticker is $SPCE.
They are not the same thing. But here's where it gets funny.
The theory is not that people will actually confuse them in large numbers. The theory is that enough people think other people will confuse them, so they buy $SPCE ahead of the June 12 SpaceX IPO.
Which means people are buying because they think other people are going to buy because they think other people are going to buy. A bit messed up, but it all fuelling the meme.
This is either the dumbest thing I've ever heard or the purest form of market psychology ever discovered.
This is my personal thesis on why $SPCE will be a good short term investment. Fundamentally i know absolutely nothing about the company, thus i'm a bit regarded.
Come end of next week, i'll either look like a saint, or a degenerate gambler.
God speed fellas.