First Oral Covid-19 Vaccine stock soar 4000%

Read about this stock here

When I look at the weekly chart, I was shocked to see that in 2004, this stock was at a high of nearly 1200 dollars and a decade plus later, it is struggling at barely 0.05. This is way too scary !!!

It has gone up too fast too soon and if I have to buy, I will wait for it to pull back to the price range of 9.02 to 13.09.

This stock would be deemed as a speculative short term play for me and so in terms of capital allocation, it would be small.

Kommentar:

bearish engulfing candle

Kommentar:

this is what happened when you get too excited and chase high price. You suffer high paper loss in addition to the risk that the run up may be over. From an average 2 dollar stock that jump 17 dollars within a short time frame is a warning sign already.

If you have to buy, wait for the pullback

Kommentar:

nice pullback....... now we wait to see if 9.02 level will sustain..