Thursday, April 9, 2020

My Favorite Stock To Buy On This Devastating Pullback

$SPCE Space Stock Virgin Galactic

My favorite stock to buy on this pullback is Virgin Galactic Holdings  ($SPCE). As prior to this pandemic it had shown incredible strength going from $12 to $42 in just a few months before pulling back all the way down to $10. I believe once the pandemic recovers this stock will move back up quite a bit. Parabolic stocks with violent pullbacks tend to bounce back up before resting for a while.

Just keep in mind for those bears out there the stock market is no longer the economy, as it is propped and inflated by central banks including our FED. It's really just an inflation measurement tool. Try not to be too bearish as governments don't like markets to fall.