so now gilead says positive results from treatment

S

S2007S

Hmmmm, this is the 2nd time on this announcement.

So all we have to do is these 3 things to keep the equities in rally mode while the economy is completely shut down


release news on a possible cure every other few days

announce economy is possibly opening up

have weekly unemployment numbers skyrocket to new highs


A study of Gilead’s remdesivir drug conducted by the National Institute of Allergy and Infectious Diseases met its primary endpoint, the drugmaker said, lifting expectations for a potential coronavirus treatment. Gilead also released the results of its own study, which showed improvement in patients taking remdesivir to treat the virus. Gilead shares jumped 9.3 after a brief halt.




https://www.cnbc.com/2020/04/28/stock-market-futures-open-to-close-news.html
 
S2007S said:
Hmmmm, this is the 2nd time on this announcement.

So all we have to do is these 3 things


release news on a possible cure every other few days

announce economy is possibly opening up

have weekly unemployment numbers skyrocket to new highs


A study of Gilead’s remdesivir drug conducted by the National Institute of Allergy and Infectious Diseases met its primary endpoint, the drugmaker said, lifting expectations for a potential coronavirus treatment. Gilead also released the results of its own study, which showed improvement in patients taking remdesivir to treat the virus. Gilead shares jumped 9.3 after a brief halt.




https://www.cnbc.com/2020/04/28/stock-market-futures-open-to-close-news.html
More...

Just think, there are other publicly traded companies doing their own research too.

Simply, expect a lot of volatility in the markets whenever these companies release positive or negative news involving the Coronavirus research.

Wouldn't be surprise is some quant firms already have algos setup to exploit these news releases.

wrbtrader
 
S2007S said:
Hmmmm, this is the 2nd time on this announcement.

So all we have to do is these 3 things to keep the equities in rally mode while the economy is completely shut down


release news on a possible cure every other few days

announce economy is possibly opening up

have weekly unemployment numbers skyrocket to new highs


A study of Gilead’s remdesivir drug conducted by the National Institute of Allergy and Infectious Diseases met its primary endpoint, the drugmaker said, lifting expectations for a potential coronavirus treatment. Gilead also released the results of its own study, which showed improvement in patients taking remdesivir to treat the virus. Gilead shares jumped 9.3 after a brief halt.




https://www.cnbc.com/2020/04/28/stock-market-futures-open-to-close-news.html
More...


Why not, we currently live in alternative universe, aka Alice wonder land, anything is possible.

If market does not revisit the lows, great. What I am really afraid, repeat and break of the low. based on what I am hearing many people went in not to miss out.
 
Last Saturday they cancelled or trials early as showing no effect today it works, wtf!

Today up day yeahhhhhh tomorrow they'll be saying ohh no sorry wrong info leaked again / typo.

Give up on all these muppets.
 
Here4money said:
you also have to account for WH call to FDA to release study on bad GDP news.
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Thats what I noticed!! Just so happens to coincidentally happen at the same time

Wonder what positive news they will release at next gdp release, which will be downright nasty
 
Turveyd said:
Last Saturday they cancelled or trials early as showing no effect today it works, wtf!

Today up day yeahhhhhh tomorrow they'll be saying ohh no sorry wrong info leaked again / typo.

Give up on all these muppets.
More...



You know what's funny, the day they announced it didn't work, stocks slightly dipped but closed in the green. Funny how the markets didn't drop 3.8% that day
 
good news from GILD goes higher, bad News from GILD goes higher. The Bull will not be stopped at all cost. The market does not reflect the real economy, it does not care how many self employed lost their business, how many people lost their jobs. Its betting on the FED being able to always backstop anything for as long as anything happens. lol

The market broke in 2008/09 and this is the new market. dont fight it. If you think its going lower just go to cash. You have to be perfect in your short to make money.
 
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