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lodas

07/15/20 11:07 PM

#628949 RE: Dmceng4 #628946

Dmceng4....been there, and done that already...I sold some this morning in the high 12.90's...I already wrote the covered calls last week.. so tomorrow, I am waiting for the drop and buy coop back why do I think the market will be off tomorrow..?......everyone thought Moderna had a cure for the covid, thats why the market has been taking off... the real story is that Moderna will produce temporary anti-bodies, and not a real long term vaccine, and I think that was not what the market was expecting...also, the MM are clearing out the last of the major shorts to cover before they drop the market...MM cleaned out Jim Chanos to the tune of at least 3 billion dollars on a short position in Tesla... a lot of other FAANG stocks will have short covering, and then the market will fall off into october... Lodas