Shell is up %40 since Monday....
I've closed my positions taking small profits here and there
The FOMO is real right nowFTSE up 5% now. Could have had 15% over the last two days - drops coming, for sure, but if ever proof was needed that you can’t predict market moves...
Lots of those that gained big yesterday (Gaming) are still up on the day again so far, but losing those gains slowly. I can see some people getting BADLY burned before the week is up.
Nothing makes sense.
Halfords up 28%. Why?
Hollywood Bowl up 15%. Why? Surely they are all closed?
Aston Martin up 17%? Is everyone rushing out to buy one to social distance in?
Cineworld up another 13% after shooting up all week. Again, they are shut and we're on the brink of going under before COVID-19. Is it because closing is actually better for them financially?
It might be because their business decisions suggest they will survive this shutdown; people have more confidence in the business model and BoD. It’s now perceived as worth more. Also, markets are forward looking; they know Q1 and Q2 are likely to be bad, but Q3 might be a boom for those businesses mentioned, hence the rise.
You could be right too.