(11-09-2020, 09:47 AM)StroudCrowd1 Wrote:

(11-09-2020, 09:45 AM)mal234 Wrote: It looks like stocks like zoom is taking a dive right now, due to the news about a possibly vaccine. Zoom was doing pretty well with a lot of people staying at home during this pandemic and utilizing it for things like their jobs. 


https://twitter.com/newschambers/status/...7834442753

I am interested in seeing how some of the other biotech stocks perform. I have a few shares in some of them. (Not pizer though) Sometimes some of the biotech stocks go up when there is good news about a possible vaccine, trials, funding. Sometimes some of them go down when this happens if they aren't the company sharing the most recent good news.

Zoom is fools gold. Better off investing in a company like Microsoft or Google who does the same thing but that isn't their only income stream.

Believe it or not I have had some success with penny stocks this year, especially biotech stock. Back in March I got a robinhood account and started putting some money into it. I was trying to do some research on good stocks to buy and I saw a conversation on marketwatch where people were talking about a biotech stock called Novavax. They've done well with their flu vaccine and are working on a COVID-19 vaccine  Some years ago, I do think that Novavax was doing pretty well but the price of it had really fallen down. I believe it was as low as $4 a share this year. I started buying in at around $9 a share and bought in at different times. 

My average cost of stock is like $18.00. The stock really took off. It kept going higher and higher, first $25 a share, then $50, $75, $100, etc... I saw it go as high as $179, a share this year. And there are reports it went even higher to like $190, though I didn't see it when it climbed that high. I believe it was over $100 for months until it finally fell below $100. It's been hovering in the $80's range for the past few weeks (with some fluctations) Right now it's like $90 pre-market.

I didn't even own that much Novavax stock but I appreciate the what I was able to make financially from it. It definitely made a difference and was enough for me to move to a new place (I love the new area that I live in), get all new furniture, pay for some moving expenses and still have some money left over. I'm waiting to sell my last few shares because they are working on a vaccine and I wonder how high it can go. I do wonder if they had a successful vaccine if it could pass it's highest point this year. I wonder if it could hit $200 or more per share. At that point I may just cash it out and just let that money grow interest. And who knows I may do that before then depending on the success of other biotech companies plans for vaccines goes. If other companies do well and Novavax trials don't end up going so well, then maybe I will cash them out before the stock possibly take a steeper drop. 

I tend to buy cheaper stocks, especially since I'm a newer investor with Robinhood.But maybe one of these days if I can get more money, I will buy some of the more pricier but more dependable stocks. For the really expensive ones Robinhood will let you buy fractional shares, which one of my brothers who has had a good amount of success in the past investing was talking with me about.

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