Though MRNA has been generally overbought in the past few weeks, the market seems to be rejecting the low prices of the upper 130's. Fundamental speculators valuation is near 150, so we can expect a distinct bounce back in the upcoming days, and in addition to this, we expect good news regarding the FDA approving their vaccine as new public health data comes to light.
@speedoh possible but I’m not counting on it. We got to the 145 level right after opening today. I just reversed my positions as I think it will pull back a little but I now have the money to buy my medication now :)
speedoh
⋅
@irisrose, Definitely interesting movement today. I see very little reason for anyone to buy MRNA at this point unless some whale has been living under a rock and thinks the EUA hasn't been factored in. It will bounce around 130-140 but don't know why this would all of the sudden dart up. But then again what do i know lol
speedoh
⋅
@irisrose, Wild, FDA gives approval and someone UNLOADED after hours. Down $3.50!!!
wardaK
⋅
@speedoh, that is why we can't predict anything for it,which way it will go. Technical analysis here aren't telling much for sure... unless I am missing something. It rallied last week up to $170 and today, after the approval from FDA, it went down -3.53 (-2.45%). I am stuck with my shares bought over $150!
speedoh
⋅
@wardaK, Just hope it doesn't follow the path of PFE after their EUA. MRNA is a lot sexier than PFE so hopefully there's a bump from just good old fashioned, irrational investor sentiment. I mean this thing had been trading more like bitcoin than a biotech so there are definitely forces at play here not backed by the fundamentals. I just worry that as great as the vaccine is, MRNA has no other revenue streams anywhere near the market so you'd have to think 2021 revenues have already been factored in. Have to imagine there are HUGE holdings down in the under <$70 range so if this even begins to dip tomorrow I think we'll see a massive sell off and this thing will be at 100-115 before we know it. Hope I'm wrong as I have some $140 positions.
wardaK
⋅
@speedoh, I am with you and I only hope it will start to rally in the right direction, although I am not that confident. Bought 380 shares at $150, planning to trade them at $166 after FDA approval. Obviously I got that wrong....PFE has never been an attractive stock and for many reasons. I held a PFE position for years without seeing moving up or down for that matter, stuck at today $. MRNA is a much better quality vaccine than PFE according to CEO on CNBC today.. Let's see how it will do tomorrow.
speedoh
⋅
@wardaK, Here we go, warda. Big day today, let's go get it! If it doesnt make moves today I think it'll be tough sledding for a bit. The rollout of MRNA's vaccine will get a lot of bad press as yes--it's more effective and easier to transport--but the side effects are a bit more severe and you know the press will eat that up. Anyway, good luck and let's go get it-
wardaK
⋅
@speedoh, Thanks bro. Let's watch it and hope it'll turn the way we hope..:)
speedoh
⋅
@wardaK, What a ride. This equity isn't for the meek. Hope this traction continues to close.