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With the market in ‘risk-on’ mode, retail traders are once again flocking to meme stocks.Analysts are projecting a return to sales growth for Peloton in the back half of calendar 2023.Coinbase is a mainstay among meme stock communities which tend to also be big proponents of the crypto revolution.This year, Virgin Galactic stock has ascended more than 60%.5 stocks we like better than Peloton InteractiveStonks. Diamond hands. BTFD. The lingo made popular in online stock communities is making a comeback. With the market in ‘risk-on’ mode, retail traders are once again flocking to meme stocks, ma...
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Jeff Bezos is making waves in the market after he announced via Twitter he has completed a buyout of Richard Branson’s Virgin Galactic Holdings Inc (NYSE:SPCE) and will be shutting down its space program and plans to incorporate talent from Virgin Galactic into Blue Origin. This news spelled disaster for Virgin Galactic investors who already were hit hard this morning, expecting a huge increase in share price after Branson’s successful test flight over the weekend, but were met with an early morning filing showing a sale of over 500,000,000 shares causing the share price to plummet. Q2 2021 he...
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Whitney Tilson’s email to investors discussing the Lordstown Motors Corp (NASDAQ:RIDE) debacle; Enrique Abeyta on opportunities in the SPAC sector; Virgin Galactic cratering this week. Q2 2021 hedge fund letters, conferences and more Behind The Lordstown Debacle1) This story in yesterday's New York Times underscores the perils of investing in the special purpose acquisition company ("SPAC") sector: Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker. Excerpt: Lordstown went public in October via a merger with Mr. Hamamoto's special purpose acquisition company, DiamondPeak Holding...
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Virgin Galactic Holdings Inc (NYSE:SPCE) jumped over 20% in after hours after it said it is developing missile technology to shoot down Bezo’s aircraft. “We have developed a bomb that will take Bezo’s out for good,” Branson stated, looking stoned as usual. “Not only have we developed these technologies but we have also took all of Virgin’s excess cash and dropped it all into a massive short position on Amazon. Q1 2021 hedge fund letters, conferences and more Investors Predict Virgin Galactic Will Go UpInvestors bid up Virgin Galactic to nose bleed levels following the missile technology report...
ValueWalk
Kerrisdale Capital is short shares of Virgin Galactic Holdings Inc (NYSE:SPCE). [soros] Q1 2021 hedge fund letters, conferences and more Kerrisdale Is Short Virgin GalacticWe are short shares of Virgin Galactic Holdings, Inc., often described as the only publicly traded space-tourism company. After going public in October 2019 by way of a merger with a “blank check” company, Virgin Galactic has seen its share price and trading volume soar. It’s become a retail darling, with day traders captivated by images of billionaires donning space suits, blasting off from launchpads, and looking down on t...
ValueWalk
Virgin Galactic Shares are up 24% in pre-market trading after Sir Richard Branson’s space company was able to send crack cocaine to the moon without it losing its chemical integrity. The engineers at Virgin Galactic have spent months developing a “super crack” that can withstand radiation affecting the compound once leaving the Earth’s atmosphere. Q1 2021 hedge fund letters, conferences and more Super Crack As An Offering To Aliens“It is our plan to use this super crack as an offering to aliens.” Branson said, “If they are high as shit when they visit us perhaps they’ll reconsider using the de...
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