CYDY weakness these 2 days explained- As of ~9:
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Posted On: 02/23/2021 10:05:00 AM
CYDY weakness these 2 days explained-
As of ~9:55am EST today - 2-day move in some bio's:
CYDY -22%
HGEN -20%
NVAX -17%
MRNA -18%
INO -17%
SRNE -16%
Not to mention the Nasdaq has collapsed the past 2 days around 5% and Bitcoin is down 18% since Sunday's highs.
The CYDY ambiguous PR maybe resulted in the incremental few % of weakness vs. the other stocks, but this is NOT a CYDY fundamental problem, it's hitting a lot of non-diversified pharma's (the big guys obviously less impacted).
Also Pfizer's headlines about 90% efficacy re: stopping transmission & 99% efficacy in preventing hospitilizations in Israel likely playing a hand as well.
I have zero doubt in this stock, until I see something that is indicated something OTHER than forward progress, as virtually all of the past years worth of PR's have indicated, including yesterday's, I will sleep perfectly fine with my shares under the mattress.
ExCYDYng times as we March forward.
As of ~9:55am EST today - 2-day move in some bio's:
CYDY -22%
HGEN -20%
NVAX -17%
MRNA -18%
INO -17%
SRNE -16%
Not to mention the Nasdaq has collapsed the past 2 days around 5% and Bitcoin is down 18% since Sunday's highs.
The CYDY ambiguous PR maybe resulted in the incremental few % of weakness vs. the other stocks, but this is NOT a CYDY fundamental problem, it's hitting a lot of non-diversified pharma's (the big guys obviously less impacted).
Also Pfizer's headlines about 90% efficacy re: stopping transmission & 99% efficacy in preventing hospitilizations in Israel likely playing a hand as well.
I have zero doubt in this stock, until I see something that is indicated something OTHER than forward progress, as virtually all of the past years worth of PR's have indicated, including yesterday's, I will sleep perfectly fine with my shares under the mattress.
ExCYDYng times as we March forward.
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