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Jibber Jabber

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Given the disposition of most Slopers, I suspect there isn’t much sympathy for the Covid-19 vaccine-profiteers getting hit. In particular, Moderna (MRNA) a company that was in the right place at the right time when Covid hit (and, in doing so, made its founders multi-billionaires) is getting nuked again. At this point, it has lost well more than 40% of its value.

Other Covid beneficiaries are feeling the heat ,too, such as BNTX:

Looking at the unadorned, arithmetically-scaled MRNA for its entire history, you can clearly see how February 2020 was the liftoff point for MRNA, and how dramatic its tumble has been since its peak just three months ago.

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