Man, people are stupid. I thought it was already a stupid enough speculation when it was $25 jumping from $15. But, really $86???? It might not even open at $86 for the normal market hours.[/quote]
I agree with the stupid behavior. This looks like herd mentality. People pile on because it is going up and there is a feeling of safety in numbers(which is true until it doesn’t and the cattle run off the cliff (look up Buffalo Jump — or ‘Head Smashed In’☺)). When I look at Gilead – which makes remdesivir and look at ResMed – makes ventilators (as well as CPAP, and with new orders in hand due to COVID).. not much movement.. and then MRNA.. up 4x since Jan, I end up scratching my head. At 20-25 I might have done a speculative purchase.. 82?? 2017 Revenue $205M, 2018 Revenue $135M, 2019 Revenue $81M and as you mentioned – no proof it will work.
Too me, I see too much speculation without real analysis. I see a lot of herd mentality in the market right now. Herd runs one way – everything is down – runs the other way – everything is up – then runs back – everything is down.
