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Arles · 07-03-2020, 01:09 PM

I think with the stimulus coming and positive news on vaccine testing, the market should be OK through the summer.

I could see a dip after the election - Trump will be trying to prop up the market to win. So, if (hopefully when) he loses, I could see a small selloff - especially if the vaccine is slow in coming out.

One stock item - today is the first day most of the big bank/owners of Nikola can sell the shares they got at $10 a share. I think over 50 million shares have been marked as "sellable" by these institutions. Given that would amount to a 500-600% profit, I expect many of the places like Fidelity to exercise that option. That could cause the price to dip 30-40% next week.

07-03-2020, 01:09 PM	#314
Arles Grey Dog Software Join Date: Nov 2000 Location: Phoenix, AZ by way of Belleville, IL	I think with the stimulus coming and positive news on vaccine testing, the market should be OK through the summer. I could see a dip after the election - Trump will be trying to prop up the market to win. So, if (hopefully when) he loses, I could see a small selloff - especially if the vaccine is slow in coming out. One stock item - today is the first day most of the big bank/owners of Nikola can sell the shares they got at $10 a share. I think over 50 million shares have been marked as "sellable" by these institutions. Given that would amount to a 500-600% profit, I expect many of the places like Fidelity to exercise that option. That could cause the price to dip 30-40% next week. __________________ Developer of Bowl Bound College Football http://www.greydogsoftware.com Last edited by Arles : 07-03-2020 at 01:16 PM.