Set us free!14 Nov 2020 12:57
Interesting article in today’s Mail, Investment Extra, it says that the pharmaceutical’s only had modest risers after the announcement of a vaccine.
The companies that benefited most is the co’s that will be ‘set free’ by the vaccine, vaccines are sold for little or no profit.
Another example of why in the stock market it’s ‘better to travel than arrive’, in other words the price often gets ahead of the news, by the time the news is confirmed it’s already priced in.
It also says pharmaceutical co’s are conscious that profiteering by ‘human misery’ could be harmful to their reputations.
A example was Glaxo got sold off by some fund managers in favour of house builder Belway, Burberry & Whitbread.
Maybe this is what Dimi is finding with waves, institutional investors have often moved on to stay ahead of the game.
Obviously AML may benefit, don’t forget they had built in provision to lockdown for a month, and thus build 1300 Les’s DBX’s.
Don’t want to jinx us but with each passing week we don’t shut down, means we have built another 325 DBX’s, plus the sports car and all other things Aston Martin.
After reading this I’m thinking wtf did I put £60k into VIR Biotech, although I put it in when the sp fell 20%, shows what I know.