Recently, I watched an old episode of Wall Street Week with Louis Rukeyser - it was the day after Black Monday of October 1987. I'm old enough to remember those days - as a new investor, it was my first introduction to feeling like the end of the world is here.
I am ready with those words Louis comforted us with: "Those people that loved you this morning, still love you...." I'm ready for the collapse of the COVID VACCINE STOCKS. There is a day coming when we will need to access words to this effect.
However, today was emphatically not that day. Selected members of the COVID VACCINE club (and I've added PDS Bio today - a small Boston company) had another rocket ship day. Straight north.
Altimmune was up a massive 52% to lead the way. It was by no means the only barn burner: the trio of Nano Viricides, NantKwest and VBI Vaccines were up 26%, 22% and 18% respectively. Little Tonix Pharmaceuticals was up 9%, Dynavax was up 7% and Emergent Biosolutions up 6%. In total there were 17 up and 9 down. The average stock was up another remarkable 5.1% on average. In 2 days these stocks are up on average more than 12%.
The Kleenex and words of comfort will have to wait for another day.
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