An entire generation of degenerate gamblers has been created this year. Moments ago, I stumbled upon a fellow who put virtually his entire $200,000 account into weekly calls of Virgin Galactic. Call me crazy, but I think buying calls that expire in a week’s time on a space travel company isn’t a great move. Anyway, over the weekend, news came out that its first attempt at space flight was a disaster, thus the stock lost almost a fifth of its value on Monday’s session.
And the guy who bet it all on SPCE? This is how it’s going thus far: