Barring living under a rock, you will know of the Israeli-Palestinian conflict. The Israeli-Palestinian troubles saturate the news at the moment. I happen to be an individual who doesn't spend time watching TV. Nevertheless, I remember the saying, "Never let a good crisis go to waste". Unfortunately, the Israeli-Palestinian matter is one of those times. For those who love documentaries, you may have heard of Planet Finance.
"Planet Finance" is a documentary that investigates and explains the ever-changing monetary system and its impact on both national and international levels. One point from the documentary is that traders are neither sensitive nor sentimental when money is to be made in a crisis - a constant theme throughout the documentary. You will get to hear this from the horse's mouth. The current situation is no different.
After everything said, it begs the question, did prominent people know of the impending situation and say nothing? Did they intend to profit from the chaos? I have no proof such a thing happened, nor am I saying this is the case. Remembering the sentiment in the documentary, I decided to check out some of the defence contractors on my trading platform.
Looking at the charts, I noticed a lot of bullish-engulfing in several of these stocks. A Bullish Engulfing Pattern is a technical analysis pattern that signals a potential reversal from a downtrend to an uptrend. It consists of two candlesticks: a small bearish (red or black) candlestick and a larger bullish (green or white) candlestick that engulfs or covers the entire body of the previous candlestick. This pattern indicates that buying pressure has overcome selling pressure and suggests that the market trend is changing from a downtrend (bearish) to an uptrend (bullish). Perhaps the most important here is that this engulfing pattern was on the 6th of October. Here are a few examples:
We all know the attack took place on the 7th of October. And, of course, defence contractor share prices went up quite a bit on the 9th of October.
Is it possible some knew and took a position to profit? In hindsight, I wish I had kept a tweet I read on my timeline. It asked a similar question. While I have no proof, it would not surprise me that some profited handsomely. You may look at the charts and say prices have fallen, no big deal. Maybe. But I promise you, placing a well-timed option will bring immense profits.
While I have no proof of such trades occurring, my mind boggles. I cannot prove nor am I trying to. There are no conspiracy theories here. All we have are observations. And as for whether they are accurate, your guess is as good as mine.
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