2020 market expectations and positioning - Part 2

moolala

moolala

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culepico said:
The pre-market COVID-19 biotech pumps looking ridiculous :s13::s13::s13:.

MRNA, SRNE, ARCT, IBIO, NVAX...

Some of these look overpriced now...
Click to expand...

can give ur view on the price level at which these stocks are overpriced?

more specifically, mrna, srne and nvax
 
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iantao99

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States re-opening, potential $3T relief fund, Powell says has more bullets to support economy, but warn about the mkt....

mkt should go up or down?


In its latest biannual Financial Stability Report published Friday, the Fed aims, among other things, to make clear that when you put money into the market, you risk losing that money. There is no explicit Fed backstop in the equity market.

“Asset prices remain vulnerable to significant declines should the pandemic worsen, the economic fallout prove more adverse, or financial system strains re-emerge,” the Fed said in its report.

“Equity prices plunged as concern over the COVID-19 outbreak grew, reflecting declines in both investor appetite for risk and expected income,” the Fed added.

“Equity prices relative to forecasts of corporate earnings also declined below the historical median. However, prices relative to earnings forecasts have risen since late March to levels seen before the outbreak: Prices have increased a fair bit from their trough, and analysts’ firm-level earnings forecasts have fallen in response to the economic deterioration.”

https://finance.yahoo.com/news/fede...ket-risk-covid19-morning-brief-101047153.html
Click to expand...
 
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culepico

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moolala said:
can give ur view on the price level at which these stocks are overpriced?

more specifically, mrna, srne and nvax
Click to expand...

MRNA and SRNE lor... people jump on the hype push them so high...

SRNE only got in vitro test can pump from 2.6 till about 8 now... don't even have any clinical data. Damn jokes lol :s13::s13::s13:.

Just my feeling la, I'm no expert.
 
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minamikaze

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culepico said:
MRNA and SRNE lor... people jump on the hype push them so high...

SRNE only got in vitro test can pump from 2.6 till about 8 now... don't even have any clinical data. Damn jokes lol :s13::s13::s13:.

Just my feeling la, I'm no expert.
Click to expand...

MRNA is crazy. I bought at about $50, sold at $65 about 1-2 days later. And now it's at $80+.
If this stock market is not like a casino, I don't know what it is.
 
moolala

moolala

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minamikaze said:
MRNA is crazy. I bought at about $50, sold at $65 about 1-2 days later. And now it's at $80+.
If this stock market is not like a casino, I don't know what it is.
Click to expand...

culepico said:
MRNA and SRNE lor... people jump on the hype push them so high...

SRNE only got in vitro test can pump from 2.6 till about 8 now... don't even have any clinical data. Damn jokes lol :s13::s13::s13:.

Just my feeling la, I'm no expert.
Click to expand...

MRNA is a legit thing, same with NVAX. Should be bullish long term as there is big money backing them. My only question is at what point do u say it's overvalued. Vaccine for the world = huge demand

this srne is a pump and dump; only problem is its low float so those shorts got margin called; long term its going down
 
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candyass

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moolala said:
MRNA is a legit thing, same with NVAX. Should be bullish long term as there is big money backing them. My only question is at what point do u say it's overvalued. Vaccine for the world = huge demand

this srne is a pump and dump; only problem is its low float so those shorts got margin called; long term its going down
Click to expand...

No love for my INO?
 
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