2300-2800+ is a potential 20%+ move. That is worthy of being called a bottom imo. I think there is a possibility we squeeze hard this week, targeting people like john who shorted randomly without a stop loss. How much can you weather? It's a guess, i could ofcourse be wrong. But we are going into QUARTERLY close. This is BIG BIG deal. If we ever pump, we do now.
I wouldn't exactly call my guess "random." I would honestly rather get back to day trading but I lost so much shorting Thursday without a stop-loss that I think I can make it back. Like I said, not a perfect strategy. But there has been no good news coming from this virus thing. It's only going to get worse soon.
You not spotted, Virus is priced in, there already ahead and excited on the regrowth, virus is old news to them.
Stop posting shit. 100 million people in the US dont already have it. 10 days ago the UK had tested 44,000 people. "Over 44,000 people have already been tested, of which over 42,000 were negative."
You realise, that's VERY VERY bad news if so right ?? VERY VERY, months of growth and many many more dead right ?? No predicted peak any time soon.
You don't need an anti body test. If lots of people had COVID-19 in the past and now have antibodies we would have seen alot more deaths in the past. We saw hardly any the UK just a month ago. We are seeing lots of deaths now.
That is why there are lockdowns. The point of the lockdowns is to get that R0 number down to flu like rates so hospitals can cope. Flu R0 is 1.3 corona is somewhere between 2 and 3
No waiting on the AntiBody test, to see who's already got it, only way to tell. Past ?? errr it's a new virus. In the UK the people with it, went from 20% to 60% the last 2 weeks, which means over the next 2weeks time for symptoms, a lot of people are going to get sick and die, then hopefully it'll hit 80% soon, then the numbers slow down, as only 20% left. That's how fast viruses spread, 33% increase per day infected without lockdowns.
REALLY! LOL Not much more deadly, but spreads faster, hence the spike, hence why so many have it already. Lockdowns where 2 weeks too late, to get it over faster.