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Re: Positions

By: smckay in ABGT | Recommend this post (0)
Tue, 23 Jun 20 12:19 AM | 53 view(s)
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Msg. 30434 of 30749
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I think we saw a trading bottom for BCRX. I added at 4.11 to balance out my position. With that big downdraft on Friday, a lower low today, with a positive close, I look at that as a reversal. We'll see.


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The above is a reply to the following message:
Positions
By: smckay
in ABGT
Mon, 22 Jun 20 6:00 PM
Msg. 30433 of 30749

Thought I'd post an update.

NVAX - hit a new high today near $68 and immediately dropped almost $8. If it stays negative today, then I'll chalk that up to a short term peak and see what happens. My original buys are near $14 and $17. I've tried to trade half a couple times but each time bought back a little higher than the sell, so I'm still all there with plenty of gains. Near term catalysts - July results from Phase 1 COVID vaccine, earnings, and expected FDA application to market NanoFlu. I bought primarily because of NanoFlu but I expect good Phase 1 results.

GNMK - hit an all-time high today at $15.81, pulled back but still trading at 15% up on the day. After putting in a solid base, it has been rising for a week. I'm up +100% on this. Near term catalysts - expected June COVID testing product release. I think people are also expecting another earnings pre-announcement.

BCRX - this one has been more challenging. I bought 1/3 at ~$3 (good) and 2/3 at ~$5 (bad). Trading just under $4 with a chart still trending lower. Been waiting on results from Brazil COVID anti-viral testing but they've conspicuously quiet on it. We'll see.


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