The market is going bananas over the past few sessions. Cramer had some good insight on why the
market rebounded so sharply after the down sessions last week. The bears were placing a lot of puts and
shorting the market and when the market showed a little strength they tried to
buy back all their shorts. This is what
happened in Trading Places with Eddie Murphy and Dan Akroyd. The market kept going up as people tried to
recover their shorts.
Now in terms of the one stock I’m really watching there is a
strong contingent of bulls behind TSLA and whenever the market tries to short
TSLA there is a huge rally when the selling pressure goes down. In light of that there is a new development
with the S&P listing Tesla’s debt as junk based off their cash flow as well
as their recent and planned purchases. Even in light of this news the stock is
still stable on after-hours trading. It
will be interesting to see what happens tomorrow.
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