Well, i expected a deeper correction but the news flowing around are too good for both BNTX and MRNA and it hasn't taken a deep dive i expected. In fact, i see BNTX doing another run up now with the start of this Wave. I will post the MRNA chart as well.
PS. i did loose some money on MRNA shorts in the last few weeks. Planning to go long soon again on these.
Seems that a portion of the bullish thesis was the booster shots going to the general population. That idea was voted down and the fact remains there are way more vaccines than demand in America. Selling the news will continue next week. See you at low 320's . I could be wrong but it's just a strong hunch.
y01004750
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What good news?
PS: I'm long at the moment for some scalping but this company has a mcap of almost 90B. Like... really?!
rbswingtrader
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@y01004750 well thats true for the overall bloated market, isn’t it. It still has to@do a Wave 5 before it crashes
@rbswingtrader, what next? will it return to the 300-400 level?
rbswingtrader
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@andrejandrek, yes, i still think that this is in Wave 4 right now and we still have a Wave 5 up pending.
ensear
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What good news, wasn’t it called bad news!?
rbswingtrader
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@balluavn Covid isn’t going anywhere. If booster not approved today it will be in next few months. We will in fact get a yearly shots, most likely combined dose of a flu/covid. Wait and watch.
kislayraj995
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@rbswingtrader, true they approved over 60 years old people company is going to make another billion dollar