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MrAlt
All your news timelines are too far in the future.
Enough time for Barclays to hit the 70s.
I had a 5% stop loss set, as you rightly mentioned the 100 barrier had been breached, and 94p rebound is but wishful thinking. All the profits i made a week ago are gone, plus a few more hundred!
MrAlt,
I latest biggest disaster was to put 5k into Nmc, at £12, which then went into administration because director had stolen 2.5 billion dollars. It got suspended over the weekend, ended up with nothing!
Cheers MrAlt,
I was on more about the reversal pattern. I think this has happened.
Think we'll def see 118 this month, and that's probably when to sell. I've piled in at 106, but will add more if it hits 103
By Francesco Guarascio
BRUSSELS, Aug 26 (Reuters) - The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering deals and contrasts with U.S. policy.
With vaccines being developed at record speed during the pandemic, there is potentially a greater risk they may have unexpected consequences or may not be effective. The financial coverage of these liabilities is a key feature of drugmakers' talks with governments keen to secure vaccine shots in advance.
In these extraordinary circumstances, EU governments "are ready to financially cover certain of the companies' risks", an EU official told Reuters. The official added, however, that the EU's strict rules on liability remain in place.
These rules consider vaccine makers and other manufacturers liable for their products on sale in the EU, apart from rare cases when, for instance, they did not put them into circulation.
The EU's top court increased the burden on drugmakers in 2017 when it ruled vaccine users were entitled to compensation if they could prove a shot caused a negative side-effect, even when there was no scientific consensus on the matter.
Reducing the legal burden for vaccine makers has been an EU priority during the pandemic because it is considered crucial to convincing drugmakers to invest in risky vaccines, an EU internal document dated May 7 and seen by Reuters shows.
STUMBLING BLOCK
But offers made to vaccine makers have not always been in line with their expectations.
EU officials involved in the confidential negotiations told Reuters in July that liability issues were among the stumbling blocks in talks with U.S. drugmakers Johnson & Johnson (J&J) JNJ.N and Pfizer PFE.N , which is developing a potential COVID-19 vaccine with German biotech firm BioNtech BNTX.O . urn:newsml:reuters.com:*:nL5N2EV5FV
The EU later said negotiations with J&J were at an advanced stage, though no deal has yet been reached.
A European Commission spokesman declined to comment on whether liability issues have been a hurdle in talks with vaccine makers.
The supply agreement the EU reached earlier in August on the potential COVID-19 vaccine developed by AstraZeneca AZN.L and the University of Oxford - the only deal struck so far by Brussels urn:newsml:reuters.com:*:nL8N2FG2XV - offers only partial liability coverage.
"The contract foresees that liabilities and financial costs are shared among the parties," the Belgian medicines agency said in a statement about the deal the Commission reached with AstraZeneca on behalf of all 27 EU states, including Belgium.
"Advance purchase agreements provide for member states to indemnify the manufacturer for certain liabilities incurred," a Commission official said when asked about the deal. The official gave no further details.
Mrd, it comes to the same thing. If i lose £20k on nmc , doesn't matter what platform i lose it on, spreadbetting or actual stocks. You still lose 20k. I know how much you lost, and you're on my thoughts most days when i lapse a little and think should i try again. In fact i did lapse , and did £400 a point on lloyds when it was 55p, guarantee stop loss at 40p, cost me another 6k. Who would have thought it would go to 27p! I make nothing from that book, just saying it helped me.
Thanks Dannyspaniel. Just fed up of having loads of winning trades and then getting wiped out in a blink of an eye. I spread bet alot, but get stop lossed out on 20/30 % drops , that just kills me off. This one was even more painful !
Rastuss, the teacher was spread betting, the book is surprisingly good, and he donates all proceeds to GamblingAware, so worth a read to help others.
This stock has made me quit the market for good.
Read a good book above, that highlights how we're all caught in an endless trap, where whichever way we play it , we lose. It helped me quit, thought it might interest someone here. The author himself lost £135k, and he was a primary school teacher!