Two Meme Stocks Headed Below $5

[Profit Takeover] [The Fight Begins: The One Decision That Will Seal Your Fate]( On Thursday, July 14, at 8 p.m. (ET), Nick Black - professional fighter and crypto expert - is telling you to get off the fence. While everyone is naysaying crypto, Nick has seen up to $780,000 per day. He wants to bring you along for the ride... but he needs to know, are you all-in? [RSVP here](. --------------------------------------------------------------- Monday, July 11, 2022 [Two Meme Stocks Headed Below $5]( By Mark Sebastian Dear Profit Takeover reader, The markets finished slightly down today - but watch out, because my [VIX traffic light]( is YELLOW... Which means I expect to see wild moves in volatility, making today the perfect day to do research to set up our next trades. Now, listen - a yellow light makes trading a lot more tricky than usual - because the market could make a wild move in either direction. But that's exactly why I'm here - to show you what to trade... and what not to trade. There are three meme stocks on my radar today for one reason and one reason only: They're UGLY. If you have positions on these names, you should get out now - or considering going short: - Virgin Galactic Holdings Inc (NYSE:SPCE) SPCE is currently trading at $6.76... and I think it is heading down to $5 soon. Image from wallstreet.io Because the 30-day Implied Volatility (IV30 - RED LINE) is HIGHER than the 10-day Historical Volatility (HV10 - GREEN LINE), if you have some puts open on SPCE, it would be the best time to SELL some of your short positions to take off some profit. You could roll some of your profits into another short position if you agree that this is heading lower. But listen - SPCE isn't the only meme stock that you should sell right now. [There are two more names about to crash below $5](... Sincerely, Mark Sebastian --------------------------------------------------------------- [Money Morning Red Alert] The best way to receive the most timely, actionable opportunities from Money Morning is by joining our text messaging service, Red Alert - free of charge. [Text INCOME to 21852]( By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Profit Takeover. To remove your email from this list: [unsubscribe here](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Profit Takeover | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ‑ Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions]( [sg_hidden_unsub]