Knee jerk reaction9 Nov 2020 19:13
MM's have had a field day today! They've played a blinder. I imagine they are fully loaded up on cheap shares. Not just on SAR but many others. I'm currently following 9 shares, 8 of them are down (4 of which have nothing to do, even remotely with COVID). HL crashes, LSE crashes. Can see a bounce back up in a few days, possibly next week as MM's will want to capitalise on the opportunity. I will be looking down the back of the sofa and penny jar to see if I can pull together some cash to top up. A lot of people got burnt today. If anyone thinks Pfizer vaccine is the answer they are wrong IMO. It has to stored at -80. You need 2 doses weeks apart. Whilst it is great news, it is going to change anything between now and 12 - 24 months time, maybe longer. I can see Pfizer shareholders benefiting massively, but the negative impact on all these companies is massively overdone. I still see the main route forward will be testing, treating and masks. If only we had a PR machine to start to redress the balance. AIMHO GLA. elcap