$SPCE (Almost) Everyone here talks non stop about technicals and how it predicts future price movements. I'm not knocking you, since we're all just in constant pursuit of the truth and use any and all data to try to get it. I'm a pretty quantitative guy (econ and stats majors) but I don't think this week's price action was based of technicals or "sector rotations" (πŸ˜‚). My honest guess is that it was based off this concrete catalyst tied to the broader sector (that correlation was correctly observed). Note, I'm all in on SPCE both short and long term and really want them to have their next very long awaited test flight soon but based off the current COVID data in NM am not too optimistic about the timing of their revised test launch window. Enjoy the gains this week everyone, but don't get your hopes up for the next week or two. Evidence here: copernical.com/news-public/...
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