The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I really have no idea where this could go in the short term, but neither do all these self-proclaimed investment gurus posting tripe on these boards. Yesterday someone posted about this share going to £100 today, that'd be an impressive increase from the current share price of 86p.
I don't know what price will tempt me to get in on this either as I've opened a few positions which are currently underwater, plus I'm leveraging my money and want to make sure I can cover any unexpected crazy swings to new lows on my open positions.
@ nightyard
Any prediction that could be end price today? Thinking to get in around 75p. Will it touch it?
I guess the 2nd wave worry is the knee jerk reaction on the market
There's a good reason to believe there will be a 2nd wave however things will be in place to cope and the economy won't be shutdown in the same way as before. I don't think a 2nd wave will be as bad as this one as behaviours have changed and people will remain wary. Plus access to PPE will improve, we have a track and trace system and there will likely be a massive increase in tests being done to identify the sick. The more that catch it, the less it can spread once they've recovered.
There is no guarantee of a second wave and with economies already fragile, nations will want to avoid blanket lock downs and harsher conditions. I think a second wave is less and less likely due to all the following:
Most economies are now using track and trace and local lock downs to prevent such an eventuality.
Nations are now using Remdesivir, a promising anti-virul drug, shown to reduce recovery by up to 5 days.
100+ vaccine candidates are also in development around the world with many in clinical trials already. Some are already showing promise.
Sensitive antibody tests are now available which show if someone has had the disease and most research now shows you have some level of immunity from it after recovering from it.
Sensitive tests which give very fast results are now also available to detect if you have the disease. This is what will be used for example by Premier League teams before their games in a couple weeks time.
Nations are enforcing tests on travellers before they allow them in the country. Indonesia for example which had more or less 100% less tourists in April announced today that they will enforce this test before letting anyone into the country.
Everyday we mitigate the risks and increase the chances of beating this thing. A second wave, is possible but I think unlikely more and more everyday.
A social distanced future with localized lock downs is what most nations will look to implement going forward.
I like your positive outlook. You should, however be wary. There will definitely be a 2nd coronavirus spike which will shake the markets. A 2nd lockdown would be pretty devastating. I think they will likely just bring in stricter measure rather than what we had in April. It is something to watch out for. It will happen, but it is a case of when, and how bad the 2nd wave will
be. Though if you just hold long term it shouldn't make a big difference (presuming the companies manage to weather the storm).
I've split my investment money 50/50 between Cineworld and New River Reit (NRR) which is one of the UK's biggest pub operators, got £12K in each. Cineworld should move well from hereon imo, should be back above £1 soon with a probable jump to £1.15+ when we reopen in July. Looks like Warren Buffet may have got it wrong - he's been critisised for not buying anything and airline insiders say he definitely got it wrong selling his airline stocks. Sun's out, weather is warm, virus is diminishing fast and everything is on the cusp of reopening. Confidence and the feel good factor is slowly but surely returning to the markets. Its time to buy imo if you haven't already done so!