Posted on 02/05/2020 6:15:38 AM PST by John W
U.S. stock index futures pointed to a higher open on Wednesday as the market continues to bounce back from a steep sell-off that was sparked by worries over the coronavirus.
Stock futures turned higher in overnight trading after Reuters said a Chinese TV media outlet had reported that a research team at Zhejiang University had found an effective drug to treat people with the new coronavirus. The news agency, citing traders, suggested this was a reason for the move higher in stocks.
CNBC has not verified the media reports. However, the World Health Organization said in a statement: "There are no known effective therapeutics against this 2019-nCoV."
(Excerpt) Read more at apple.news ...
30K right about the time of the Republican convention. I’m sure we will see a big sell-off in the next 10 days, but the trajectory is unmistakable. The Deep State is going to have pull something really big to derail this market.
For those that saw my post about the big 7 million dollar bet on TSLA options...its only 32 points above the price at the moment. Down 55.
Will be interesting to see where they open. I almost jumped on them when they went to around 7..but nope. At that point the buyer was way down because he bought them at 17.92
Tsla- The Wall Street Casino
Jobs +291,000 in January helps.
Made back almost all of the coronavirus losses.
btw, that play was someone betting 7 million that Tsla was going to crater.
Didn’t they announce a secondary?
OMG..well..tsla below 800...how did that guy know..that option I could have got for 7 yesterday is 35 on the bid...sigh...
might have been China knowing they were going to pull the rug
DOn’t know. going to have to see if it might bounce MIssed opportunity kind of makes me sick... I didnt take the play..was so close to doing it yesterday when that option dropped to below 7
there was a tsla downgrade from Cannaccord
It is hard to predict when the "sell-off" will occur. IMHO, the "sell-off" will be a "market correction" as fund managers take profits and re-align their portfolios.
Market corrections are often followed with sustained growth.
The market's short term increase is being driven by investors bailing out of the China stock market. They view the U.S. stock market as a safe haven.
You think it will be much higher than 30k by this summer? That’s pretty bullish. I hope you are right.
Ha! 800’s are ITM now!
The options are crazy fast moving right now.
I put in a $280 blackjack ..uh.. i mean Tsla call hand. Anything is strict gambling.
As Will Meade says often on twitter...someone..somewhere..knows something. Big pay day for the $7 MILLION DOLLAR GUY
Maybe. He/she would have needed titanium genitals to handle y’day.
There was a crazy sell off right at the end yesterday
I have made A LOT of money on TSLA..and also got my face ripped off.
Something isnt right about the way it is trading right now...Will Meade thinks it involves China.
So do I .
President Trump's pro business policies and the tax cuts, including business tax cuts, are big factors in my bullishness. The business tax cuts have caused large amounts of overseas dollars to be repatriated.
USMCA and phase 1 of the China trade agreement should drive U.S. stock prices higher. The timing of the impact is the big unknown.
uhh..thanks Will...guess the Dealer is going to get 21 on my Tsla black jack hand. It’s not recovering yet:
Will Meade
@realwillmeade
parabolic breakdown in $TSLA
should be nasty
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.