Can you make profit off investing in the downfall of a company you hate? I guess I'll find out on Monday. First time I've ever shorted, so I have a -10% stop on it.
$200 on the ADR and $200 on AZN. Wish me luck!
Not meant to be a flex or anything.
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Don't have any healthcare stock at the moment. I know I held Pfizer for a year or two but I think that was 2016 or 2017. I looked at some of them earlier this year and it's really odd, you'd expect that selling millions of vaccines to the government at probably ridiculous prices would drive the price up and it's been relatively flat and the earnings expectations don't look all that special. If I had to guess the only way you make out well with yours is if a lot more governments start banning or it gets out that people are dying at a huge rate.
But hey, even someone like myself that's less of a risktaker and more of a value finder with stocks makes weird bets from time to time. I bought some Roblox stock this week of all things. I have some Nokia too, that's a WSB thing still I think.
I have a $50 position in Pfizer. It's my smallest position, but I'm at least going to get some of the gains if it rockets up.
I think the reason the stock doesn't go up as much as you'd expect is because Covid vaccines are supposed to be a one-off thing and investors will treat it as it being a one-off cash injection, which limits the value those sales have in terms of stock price.
I thought about Roblox stock, but honestly it's kind of a meme stock in my opinion. I don't think it has the growth potential people think it does, it'll hit a hard wall like all the other fads. (Fortnite, Call of Duty Warzone, Apex Legends etc.)
So maybe when they announce you have to get an annual Covid vaccine (100% convinced that's coming) then it will go up. Maybe should one of the vaccines on my watch list. It won't be AstraZeneca anyway.
I could be skewed by most my my young cousins and nephews all being in the Roblox age group and it seems to have stuck really well in the 5-10 age group. They grow out of it and move on, but it will be telling if kids that hit that age keep picking it up. I think it's still the smallest position I have outside of a few tiny options. Maybe it will jump 25% at which time I'll be happy and drop it.
I'm also convinced that will happen. The markets aren't though, interestingly. I don't want to lead you into a bad investment, but Johnson and Johnson looks by far the strongest case for a yearly vaccine. One shot, can be kept at refrigerator temp, side effects appear uncommon as far as I can tell. It's already rising though, I think buying at a dip would be the only way I would recommend jumping in. It's going to get overvalued by speculators.
Possibly. I don't know anyone who plays Roblox so I was looking at it from the view of "would this be the next massive hit with staying power like Minecraft, or a sort of fad that peaks and then drops off with only the real fans sticking around, like Fortnite." I see it as more of the latter. Definitely dump if you see profit above 15%. The opportunity cost of you not getting the profit of it going higher is not worth the risk of holding a stock like that one. The free to play games market is very fickle and has little loyalty beyond the whales held there by sunk cost.
All opinions are my own of course and I'm not claiming to be an expert.