Lol !
Ya ya,
But the market to GDP ratio is 178% the highest it’s ever been even higher than the dot com and financial crisis bubbles.
Covid stocks are likely to fair better in the next 60 days but the big tech stocks propping up the entire market I think are going to see a slow trickle downward over the next 2 weeks and by quadruple witching hour on the 3rd Friday of September the hammer I think will start dropping. A few caveats and wrenches in that thesis are vaccine and PRs. With all the vaccine players in the game, any one of them could come out with a positive PR at any given time because they are all at different phases of development and that throws my Thesis right out the door. But I argue if the vaccine PRs that do come out are anything less than a fully FDA approved vaccine, any positive vaccine PR will be eclipsed by the uncertainty of the election.
So come the 3rd Friday of September, I say hold your covid plays but cash out everything else and slowly start accumulating the dips. And keep in mind all the big institutional moves will come at a time when you can’t do anything about it , right in the middle of the night.
Do you have any money on OPK? They are my favorite Q3 covid play right now. Another one I like and am watching right now is OPGN. And I also like the thought of ABUS getting bought out. And then their is my jackpot stock....GERN. The biggest hit I’ve ever taken on a stock. But the one stock I like best out of all stocks I own is MGXRF. Nobody knows this stock right now. It’s flying completely under the radar. The company is Zinc8 Energy and they have a grid tied battery storage solution that works using Zinc as the anode and air as the cathode. Zinc is way cheaper than lithium and one of the most abundant elements on earth. And to make a bigger battery, they just need to increase their Electrolyte capacity which means unlike lithium ion they re scalable to larger storage capability. They beat out dozens of applications for a shot at implementing their design with one of the largest power companies in the world- the New York power authority. They are scheduled to demonstrate their design sometime in Q3. If all goes well I see them jumping into the .70s then likely settling in the .40s. They are trading under 20 cents right now.
How about you, any suggestions?
