$Virgin Galactic (SPCE.US)$ I said yesterday that I smelled a new meme stock. And here we are. Even down -11%, at $6.67, the price is still extremely inflated. I’m not going to do a deeper dive in the company’s financials, but if the 12 month average analyst consensus price target is ~$3.6, implying a ~48% downside, it’s a no brainer that buying and holding this carries a significant amount of risk.
Of course, meme stocks are unpredictable and this could go up +300% for no sensible reason whatsoever. So gamble if you want, but you don’t want to be the one left standing when the music stops. 
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