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Re: BCRX had a wild ride today

By: capt_nemo in ABGT | Recommend this post (0)
Fri, 24 Apr 20 6:56 AM | 198 view(s)
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Msg. 30335 of 30749
(This msg. is a reply to 30334 by smckay)

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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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The above is a reply to the following message:
BCRX had a wild ride today
By: smckay
in ABGT
Fri, 24 Apr 20 12:10 AM
Msg. 30334 of 30749

Early afternoon, after submitting a preliminary study of Gilead's vaccine in a China study to the WHO, it was "accidentally" posted in public to their web portal. The study showed that GILD's vaccine didn't really help. Supposedly this came out a few weeks ago, but it was discounted based on the study being terminated for poor enrollment. Didn't matter - when word got out, GILD spiked down and took along BCRX, based on similarity in the vaccine approach (although, supposedly not actual efficacy). BCRX got whallopped from 3.66 to 2.75 in short order, including a trading halt. Don't you hate that. Something huge happens and you can't find a reason, until a bit later from discussion threads. Always at a big disadvantage to the big guys with real-time, comprehensive news. After much humming and hawing, I opted to avg down a little with a purchase just under $3. Turned out well because the stock came mostly back with a close at $3.26. Yep, Monday was much better! lol


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