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The Sliding Door Syndrome - Hertz

 Open the door and guess what might happen? Who knows which way the winds will be blowing. The used auto car market got dumped on last week in the U.S, especially on tariffs new.  Trump said he might raise the tariffs on cars to more than 25%. It's a fickled  market. Here are a few of the sell offs. 1) Carvana Company. It sold off over $21.00 dollars on the day last Friday. They have a reputation for having share manipulations with a long history of  insider "buying-and selling-activities". They have a short interest of 5.3% . It didn't help much that the DJIA was down over 700 points on Friday. 2} Carmax also sold off on the week. They have an earnings report coming out and that could cause the stock to drop but maybe not. It could actually rally. Here is it's one week chart and a conference call dial in number. Listen to it if you like. I might be. Now here is a look at the 65 series of Calls on this stock that expire this coming Friday.  On Friday morning at ...
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Economics 101 and 102

When a hurricane comes to Florida buy Puts on Home Depot (symbol HD) and if it's a really bad hurricane and you see cars on the t.v. floating down roads buy Calls on Avis Budget Group (symbol Car). That's Economics 101. Economics 102 is to buy Puts on Visa (symbol V) or Puts on Master Card (symbol MA) whenever Fed Chair Jerome Powell is about to make a speech.
Here is todays reaction on yesterdays news. These are sizeable drops. You could even have bought in just after the speech was made. On the earnings front Moderna dropped today as did Roku.
What a day. P.s. Moderna and Roku then both came back up again. Given this bad news that should make them more difficult to play on the upside going forward. Shouldn't it?

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