I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
SPCE: Huge Short Opportunity
Information is not investment advice
Sir Richard Branson risks losing his grip on Virgin Galactic as he continues to sell down his stake in the space tourism venture to fund his pandemic-hit businesses.
The British Billionaire Richard Branson sold approximately 4% of his space company Virgin Galactic. Branson sold about 10.5 million shares through a firm he controls. Although he owns less than 18% of the company, he remains the largest shareholder. Branson will use the money to support existing and develop new enterprises. Sir Richard has already sold Virgin Galactic shares: in April 2021 for about $150 million, in 2020 for $300 million.
Branson can appoint the three board members if Virgin and former investment partner Aabar Space retain more than 50% of their original stake in the company. After the past sale, the British billionaire owns 50,6% of the company.
Virgin Galactic stock is moving in the rising channel. Sometimes it gets hyped and pumps but always returns. At the moment, this stock gives us a huge opportunity to open a trade. The price didn’t close the gap at $21, and the rule says that every gap should be closed. Lately, the price might go to the bottom line of the channel. If it stays inside the channel, traders will be provided with a good entry point for a long trade. Otherwise, it will fall to the $10-12 support range.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus