Nothing is more profitable than fear. I think Pfizer profits have doubled by Q2 and it's getting even crazier, way crazier. The whole west is throwing money at them with government and most urbanites in total fear. They don't even care how much it costs. Destroy a country? Lose 10% of GDP? They don't care, just name your price.
Take AMZN for example. Went vertical, retested ATH, then to the moon.
In the short term (2-3 months or even less) it can be really profitable.
Who cares if Pfizer gets destroyed by crowds after we made our money? It won't happen overnight (probably).
Here it's different from Amazon there is no reason for the company to trend for years (for now). It's really short term with the hysterical fear pushing profits to incredible levels.
Share prices have a tendency to retrace after breaking ATH, once again, profitable in the short term.
I'm not stock trader but here it is really juicy. I'm sure there are similar examples? Price just going vertical... 1999 bubble for sure...
I am not experienced enough but I assume it always or almost always retests ATH
I'm sure it's possible Pfizer just goes vertical, the noob bagholding investors as always will want to greedily snatch their profits the moment they see some green and cause a pullback but euphoria could absorb the selling.
Something like that....
Consolidation...
And again...
Got to check my favorite example
Moderna for 2 years has simply been in a beautiful trend, a work of art. And it is up more than 1000% since 2020.
Some to compare moderna to:
Other cool trends
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Am long. Had to buy. Get the vaccine! 3 shots to be safe.