Frankly I don't know why I even grace these moronic comments with responses but here is my last one:
1. How could you know what members of management I am aware of by reading my initial post? Why would I reference Bob Krysiak? Would I reference Bob Iger or Jamie Dimon in talking about their respective companies? Don't project your idea of DD on mine.
2. I think Carlo Bozetti is CEO but I could be wrong as I don't care who the CEO is. I only care about how the biz is doing not the guy who is doing the day to day..........unless I own Berkshire Hathaway.
Good luck to you and Bob Krysiak. I am out of STM as of yesterday so you can ridicule my poor timing in subsequent posts if it goes parabolic from here. Ha, ha, ha, ha!!!
Not exactly sure where your coming from Bob. I read an article, do some due diligence and then buy. Yes I cross my fingers because I have had some really bad luck on some equity picks I thought (and smart hedgies) were going up. Geez, how many brilliant hedge fund managers were betrayed by Apple's rapid descent? Even David Tepper got smoked. I'm not even close to brilliant and I'd rather be lucky than smart any day. You must be Warren Buffet to be criticizing me for buying a stock up over 20% since I bought it. Hope you aren't so tough on your children because that's going to bite you in the behind one day. Good luck with your trading....oh yeah you're too smart to need some luck too.
Sadly "below expected" results are "expected." I don't think anyone expected this company to be making money this quarter or any other in the near future. They just need to execute regarding their trial results and the stock price should take care of itself. A positive surprise would have been nice but it wasn't a realistic expectation.
Whether this trade ends positively or not there is something biological diabolical out there:
Saudi Arabia announced late Wednesday that five more people have died and two others are undergoing intensive treatment as a result of the new novel coronavirus (NCoV), a cousin of SARS that causes kidney failure and pneumonia. The latest in a slow trickle of information brings the mortality rate to 16 deaths among 24 known infections — and not unlike China with its bird flu outbreak, the Saudi government isn't exactly being straightforward about how many people are sick.
Mjune, I wouldn't even bother. About the only thing that could change this board is a material event that would create true financial opportunity for NVAX. Without that the pumpers will chant "takeover" and the bashers "collapse" at every news release. Getting hosed on this myself. I thought the combo of increased H5N1 in Vietnam and Cambodia, dead pigs dogs, birds and then humans simultaneously occurring in China as H7N9 emerged and historical put purchases on the FXI meant that pandemic fears were going to skyrocket, along with NVAX and SVA. Getting my clock cleaned on that one too. I'm not ready to pull the plug just yet as if H7N9 is a true threat we will find out within the next month. After that, well I've made worse trades but fortunately have other more intelligent trades/investments to offset this egregious error. Still feeling cursed though. Good luck.
China Science Bulletin has the truth. Google it.
Chinese Science Bulletin: Early H7N9 Risk Analysis
Nothing would make me happier if it was just a case of really bad timing. $2.75 next stop if no negative influence. H7N9 appears to have a very dangerous profile. Somethings going to have to be done to prepare and hopefully NVAX will be one of the "go to" vaccine makers. GLTAL
I'm hoping that cooler heads prevail trading wise. Evans sale and Driscoll's resignation could have had better timing of course. Mr. Market will tell us very shortly what he thinks.
I'm pessimistic by nature but I am in total agreement with you. In the end I'd like to see this as a once in a lifetime buying opportunity. They sold it off after hours to $2.36 bid $2.40 ask (mostly trading at $2.40) but on only maybe 7-10,000 shares. Today we'll see what the true impact is. Keeping my fingers crossed.
this paper confirms the severity and likely negative outcome, (pandemic anyone?) of H7N9. An excerpt:
The eighth argument arrives like a conviction for a capital offence:
Eighthly, the probable long existence of the H7N9 virus in humans will provide the driving force to the virus to adapt to humans through mutations. The virus may thus obtain human-to-human transmission, and may spark a pandemic influenza thereafter. The possible pandemic should likely be very dangerous with the consideration that the virus has showed highly pathogenicity in the first 91 cases.
The title of the paper is, Chinese Science Bulletin: Early H7N9 Risk Analysis Google it.
So if Fred Driscoll's departure is truly a personal decision, albeit with terrible timing, (and NOT ANY of the wildly moronic idea's perpetuated here on this board.) then NVAX should still reap some price appreciation IF the science of the company is as good as I have been led to believe. Good luck to all longs. We're gonna need some.
Well it ain't what I was expecting. Definitely a #$%$ moment. Keeping my fingers crossed that extraneous news maintains the upwards momentum. It doesn't have to be bad but the timing certainly could have been better...........like before I bought into this again.
On April 25, 2013, Fred Driscoll gave notice of his intention to resign as Vice President, Chief Financial Officer of Novavax, Inc. (the “Company”), effective May 17, 2013.
Good point. Sellers have a number of reasons to sell. Evans probably can't even figure out his wifes name much less determine whether H7N9 will spread around the world. I'm sure Rahul is still having agita from his sale. I would be.
Completely agree. That's too bad though. With all the traveling in the Far East over the holidays you might see a ramping up of reported cases. If not then visit the Chinese blogging sites like "weibo." Chinese authorities have censured the site before but news sometimes gets out. Might have to wait for Xi Jinping to keel over during a news conference. Of course if that happens then look up the defintion of "parabolic move." I don't have enough exposure to strike it rich but any money earned will be useless anyway if I am hospitalized.with H7N9.