NVAX STOCKS DUMPED, DOWNTREND CONTINUESEarlier this year there was the question : How do you invest in Coronavirus vaccine stocks?
Now, we have the answer : YOU DONT.
Chart looking bleak, and the support lines are weak. This could be due to a few reasons:
- Lack of MAINSTREAM updates
- NVAX actually has no other vaccines
- Market volatility due to covid and elections
- Investors are seeking less riskier gains and getting out of stocks that do not look promising
Other than the above, we have seen strange behavior with stocks of companies in the race.
A few examples:
PFE Pfizer stock not responding to numerous huge injections from government
REGN Regeneron stocks hardly responding to Trump pimp
GILD Gilead even FALLING after being the first company world wide to receive FDA approval for remdesivir as a treatment.
AZN Astrazeneca in conjunction with Oxford has a trail candidate dead but stocks remain largely unaffected
I think NVAX has potential in the long run, long term I remain bullish for the company fundamentally, but not for an investment choice right now. In fact I'd say that no vaccine stock is a good investment right now. The way the market reacts to news is too unpredictable and the future remains uncertain.
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Thanks, Ev
