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Question for you stock market gurus
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Question for you stock market gurus


Nov 10, 2020, 9:34 AM

Why hasn’t Pfizer stock gone through the roof?
They seem to be the leader in the covid vaccine. They got a small bump yesterday but it’s still around $40.

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Because it isn't ready yet and


Nov 10, 2020, 9:44 AM

they will be on the hook if something goes wrong?

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Re: Question for you stock market gurus


Nov 10, 2020, 9:50 AM

I work in the investment world. A couple of initial thoughts:

1. market has assumed that PFE was "in the lead" in terms of first to get a vaccine. Stock is actually up about 25% since the time it was "rumored" PFE was the lead horse.

2. Probably more important........PFE is an enormous company...about $225 BILLION dollar company. Although it is great they may have discovered a vaccine it will move the needle some but not "as much" as believed from a company revenue/earnings standpoint. Had a small biotech company that had a limited product/revenue line produced the vaccine then its stock would have been thru the roof.

My opinion and hope that makes sense.

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Want my $3mm+ portfolio biz?


Nov 10, 2020, 9:52 AM

;)

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3mm? So sorry you have such a small peepee


Nov 10, 2020, 9:54 AM

winkyface

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4mm


Nov 10, 2020, 9:57 AM

;)

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Moderna has more than tripled this year


Nov 10, 2020, 9:57 AM [ in reply to Re: Question for you stock market gurus ]

the stock market tends to react to unexpected news. The expected news is already priced in.

Tesla's market cap is greater than GM and Ford and Chrysler combined, yet they have never had a profitable year. It's all about gambling on the future.

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it's pRiCeD iN


Nov 10, 2020, 11:44 AM

the Street knew this was coming way before any of us pleebs did. positions were made back when they announced the capital commitment to the research.

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