Hurricane damage is likely to be only about 25% of expectations.
Last week, we were the only reputable firm giving you contrary insight that has proven spot on. In the world of uncertain predictions, it doesn’t get any better than that. We wrote:
Here is an insight. Contrary to what the media is saying, there is still a fair probability that Irma may not hit Florida as hard as expected. If this comes true, then on Monday many of the moves being seen will reverse and there may be several trading opportunities. The problem with buying or short selling these stocks or ETFs now is that the storm is not projected to hit until Sunday when the markets are closed. On Monday these stocks can gap up or down potentially either making a lot of money or losing a lot of money. There is not a good way to control the risk at this time. It is best to wait until Monday even at the cost of missing the opportunities.
Reproduced below is a post that was made available to the paying subscribers to The Arora Report on Friday prior to the hurricane.
YESTERDAY WE HIGHLIGHTED FLORIDA INSURER UVE, IT IS RUNNING UP NOW
Yesterday we highlighted Florida insurer UVE. It is running up now after trading as low as $15.10. The run up is due to a new forecasted path that avoids a direct hit on Miami. This may be of interest to short term traders.
For further timely insights provided ahead of the hurricane please also see 27 HURRICANE STOCKS AND ETFS TO WATCH FOR TRADING AND INVESTING OPPORTUNITIES
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