Both NVAX and NNVC were +20% from my basis yesterday, with LAKE another 15%+ to boot, yet I didn’t take any profits. Do you know why? Not because I wish casted for a cordon of doom to be pulled over the city of Wuhan with pandemic fears, but because I was busy. If I told you what I had to do, you’d probably laugh. It was so trivial it makes talking about it juvenile.
So I rode into the sunset with a trading portfolio filled with shit. 35% of my holdings concentrated in CORONAVIRUS runners, causing me to become a Merchant of Death — up late at night scouring the news in macabre fashion for instances of death. If I believed in karma, I might propose this is a bad way to behave and it might come back to me in spades.
Immediately after the close NVAX filed for a secondary, trashing shares. But it was okay, since I had NNVC, APT, and LAKE up sharply in the AHs — as Chinese authorities warned of more death and mayhem. And then it happened. Around 6:30am, when I awoke from my slumber, NNVC was indicating -55% on news of a secondary 65% below the closing price and I knew it was over. Both LAKE and APT were still higher, but I knew they’d come down and hard.
Today I stand before you a shattered man, clothes in tatters, chest caved in from 4 consecutive double digit drops in NNVC, LAKE, APT, and NVAX. It’s especially SAD because I had profits and they dissipated because I had to go see about a dog sitter.If you enjoy the content at iBankCoin, please follow us on Twitter