For sure we got two homers, but are having a bit of trouble rounding the bases...they need to improve their* distribution, and not have millions of doses languishing in warehouses. Let's hope they do.
*Operation Not Quite Warp Speed is who I'm referring to here...not Moderna or Pfizer
I was surprised that Pfizer's stock price has been dropping for a few weeks. Looked at a 5 year chart though and I can see that where it's at now is pretty good. Looking at a 1 month chart...not pretty
for some of these ultra large pharma companies, the whole Covid vaccine thing is not necessarily a big money maker that will change overall financials a great deal...lots of competitors out there...and lots of other drugs they sell.
yes indeedy, of course this has been the trend in Pharma for decades now. They used to make their money by developing stuff like antibiotics, vaccines, etc...then they figured out what they want is a revenue stream that lasts forever (or until you die), medication you take every day, on and on, e.g. blockbusters like statins...of course many of the medications aren't all that wonderful for you...one of the ploys I've seen is getting folks onto opioids (hello, Sackler family!) which you take long term, THEN they prescribe a medication you take every day (of course) to fight the constipation opioids cause, what a win win.
I get a tickler every morning in my work inbox with the values of all major indexes and how they are doing YTD - not complicated math but always interesting info to see. On the last day of the year, here is where they stand:
DJ: up 6.16%
S&P500: up 15.19%
NASDAQ: up 46.45%
Taking it a step further, here is how they are vs. their 52 week lows in March (I did this math myself - putting that Duke degree to work):
DJ: up 66.96%
S&P500: up 70.27%
NASDAQ: up 93.7%
So theoretically if you went all cash in mid-February and put it all back in in indexes in mid-March, it could have been a truly incredible year. And if you stuck with it for the entire year and didn't get too scared in March, it was still a very nice year in equities.
. . . and if you panicked and pulled your equity position when the crash came in the spring, you missed the boat big-time.
Keep an age-appropriate range balance, invest for the long haul, don't get too high or too low. Steady and constant wins the race -- or at least finishes well enough over time.
Most successful people control their emotions and understand their limitations. Personal greed and fear are an investor’s Achilles. Most investors should primarily own index funds and spend substantially more time learning about finance. Most investors don’t truly understand finance and knowledge is usually rewarded.
Every once in a while you get a lottery ticket and you don't even know it. In February of this year, I bought this:
Screenshot 2021-01-01 071449.jpg
There was a 5-1 split in August. 1 contract for TSLA at $1800 becomes 5 contracts at $360. Last trade of a March 19, 2021 $360 call option on December 31st was at 327.65^. I'll let someone else do the math.
*FWIW, I no longer hold that/those call options, I won't say what I sold it at but I did sell it pre-split and will say that I'm now short TSLA. This wasn't my best trade ever unfortunately.
^According to Yahoo! Finance
As soon as the nice Nigerian man cashes my check for $3,000, I'm going to rich beyond imagination! Eat your hearts out!
Don’t consider myself an expert by any means.
Mostly in index funds with a few small direct holding positions in industries/companies I have some understanding.
Always learning.
I’m still struggling massively with Bitcoin and cryptocurrency. I can’t get past what feels like the Ponzi scheme nature of it, in spite of really smart people I respect like Brian Roemmele being strong advocates and watching a lot of people crow about massive gains.
Not sure what I am missing - feels beyond super high risk and more like gambling / lottery.