I am neither long nor short. I think technically plotting this stocks chart short term yields the potential for this stock to hit 1.40-1.50. A short position is currently equally disturbing as a long position.
Agreed with your statement - there are many things we do not know. For obvious reason - investment decision should not be made on false hopes rather factual historical data which is represented in the ability of a company and management to execute. In that regard - NVAX fails miserably.
All I am pointing out - is the obvious statement - these guys need to begin selling some products! Constant investments and deals with no revenue is a temporary survival tactic that can't continue forever.
many times i see people run into trouble when looking at both ta and fundamentals. with nvax at this stage, there is no fundamentals to speak of...losing money is the name of the game. selling products? years later. but that is the nature of the small biotech's fate.
however, the prospect and likelihood of ever being able to come out with products is alluring to many. it attracts a different breed of investors.
for india, the bf concern, among other health care issues, is real. this partnership makes sense on many levels.
to survive beyond the current stage for nvax is a big deal. it may not reflects on the pps, but it may stablized a new base at one dollar.
Well I hope you're right and you all make some $. Ultimately that is what we're all trying to do right? I will have my $$ elsewhere and will probably continue daytrading this 1. I have yet to hold a position in this stock overnight.
i do concur with you that many if not all longs here have become fanatical about the prospect of nvax, like a personal jihad mission:) i disagree with that sentiment and i think it is a way for people to find some level of comfort with an investment that has been quite unprofitable up to now.
although i understand and empathize, it does not prevent me from pulling some legs now and then:)