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/biz/ - Business & Finance

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17520629 No.17520629 [Reply] [Original]

Should I buy now? Stocks that were going up like SPCE made an 11% jump today. And it’s mad cheap still

>> No.17520772

Waiting for sub 20$ before I pick some up.

>> No.17520799

>>17520772
You think it’ll go that low?

>> No.17520826

>>17520799
Did you not just see their quarterly earnings report?

This thing is so far away from being profitable.

>> No.17520862

SPCE was worth it at 10.

Buying at anything higher is just risky gambling, pure and simple. It really should only be worth 5 but with all the attention it is getting I will say 10.

That said, I bought at 32 and made a tidy profit because I love gambling.

>> No.17520871

>>17520826
Kinda reminds me uber back in 16 I think. They weren’t making money, they were losing it. Then it shot up.

>> No.17520982

>>17520871
Yeah except Uber actually has a functioning business with actual revenue. SPCE has an idea. I'll keep buying puts on this thing down to $15. Only reason I don't buy lower is because it has a cult-like following similar to Tesla