News Formal

Millennial traders who bought Virgin Galactic at top, now loading up on 'plague stocks'

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Traders who rushed to buy Virgin Galactic in its February boom are moving on to stocks that could benefit from the coronavirus.

saw 50 times its normal average, while Co-Diagnostics — which soared 57% on hope of a coronavirus test — saw 20 times its normal activity.

Wall Street's so-called fear gauge, the Cboe Volatility Index, hit its highest level since February 2018. TVIX was also one of the top trades on SoFi this week. Despite the change of tone on SoFi, Robinhood traders were still overwhelming interested in Virgin Galactic. SoFi's retail investors aren't giving up on Tesla either. It was still a top-traded stock on SoFi Invest in recent weeks.

 

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master_ulubulu

This dip aint ending soon.

DougKass They'll never learn...

Did he just come from a GALAXY QUEST convention?

I call this 'trading the news' and have learned it is one of the best ways to lose money.

And $TLT is the new $TSLA ...won't end well ...soon.

Do not trust fake news for any investment advise! imo

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 /  🏆 12. in SE

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