If this isn't a watershed day for avian flu issues. China officials admit that H7N9 can be transmitted human to human and at the same time say that there is a low chance of it becoming a pandemic. This is China! It's at the minimum as notable as Bernanke saying that the sub prime crisis "can be contained." That's why there has been a standing buyer at the $6 level for the past few days. $7.90 coming soon.
SVA getting swept away with other Chinese stocks. Would like to believe that it's unwarranted. Had an order in to buy it at $5.85 on Friday in case it got a flush but no such luck. Truly believe that SVA will be on the upswing, especially with avian flu of all strains busting out. Will try again on Monday. GLTA. If this keep up we'll need good luck for all humanity.
Rout? China at the heart of this market decline and SVA down only almost 5%? NBD. Wait until the market realizes that the decline in China is due to a nationwide H7N9/H5N1 breakout. SVA will go down and then to the moon, Alice. All other markets will be toast and traders will be bidding up the few stocks with avian flu exposure.
Lots of volume the past couple of days occurring between $6.85-7. Can't believe that any financial entity buying at those levels is looking for a move to only $7.15. Their purchase order has been filled. Back to boredom until there is some well deserved positive PR. Still can't believe that the Chinese authorities haven't begun some process to at least address the increase in H7N9 and H5N1 victims. There is a difference between creating panic and caring for your people. They need to figure it all out before this thing mutates and it gets out of control.
Not sure what to make of the last bit of trading on Friday. Slammed the bid at $6 right before the close to the tune of 55,000 shares. Then bid pops to $6.22 where 1,400 shares trade. Would love the buyer of the 55,000 shares to be right on this one. NVAX, BCRX and INO have been skyrocketing at the expense of SVA. Maybe we get some rotation into SVA now?