One thing you can count on is people getting sick. Now with a laboratory born virus on the loose, heading into colder climes again, with the backdrop of CORONAHOAXERS busting loose without their masks, this winter could very well be a disastrous one for healthcare, worldwide.
Getting ahead of that trade, I think it’s entirely possible all current vaccines be delayed and alternative drug companies get some play here. I have a long list of COVID-19 plays and have made sure to update it as news hit the tape. I find it imperative to my trading to have lists. These lists can and will be used over and over to find ideas that are moving in a specific theme.
Bottom line: By Xmas, there will be a frenzy for these names again. We will all trade them and make 100% gains inside hours. I am warming up to the idea of holding some for longer periods — but I like trading too much and will likely run thru the revolving doors instead.
Thus far, breadth is strong and we’re all waiting for SNOW to start trading. On a related note, be careful about topping formations into big IPOs. Over time, you will notice several large trading tops occurred immediately after Wall Street vomited shares on the plebs.If you enjoy the content at iBankCoin, please follow us on Twitter