June 19, 2022 | CHPT, Daily JAM, EVGO, Volatility |
Friday, June 17, was a modestly up day for most of the indexes. The Standard & Poor’s 500, for example, gained 0.22% and the NASDAQ was up a stronger 1.43%. (The Dow Jones Industrial Average lost 0.13% on the day.) But you’d never know that the indexes were up only modestly if you checked the gains on the most speculative stocks in the market. Meme favorites GameStop (GME) and AMC Entertainment (AMC) were up 7.48% and 6.28%, respectively. But the speculative gains didn’t stop there.
April 27, 2021 | Daily JAM, VXRT |
As of 2 p.m. New York time, Vaxart (VXRT), a biotech developing a coronavirus vaccine in a pill, was up 48.26% to $9.04. It closed up 37.46% The stock had traded 151 million shares as of 2 p.m., about 11 times the average volume over the last 60 days. I think what we’re seeing is another one of those speculative moves built on a possible news event–Vaxart has announced a webinar for May 3 that is expected to include the release of new Phase 1 data on the efficacy of its Cover-19 vaccine in a pill–plus a plausible story–a vaccine in a pill would be exactly what India needs to stop its current pandemic surge and a vaccine in a pill would be helpful in convincing some of the vaccine hesitant to get vaccinated (no needle)–plus a big short position. According to Seeking Alpha short positions account for about 20.4% of total outstanding shares.
February 4, 2021 | Daily JAM, Stock Alerts, Volatility, VXRT |
I thought there was a possibility that Vaxart (VXRT) would recover from yesterday’s 60% drop on data from the initial Phase 1 trials of its coronavirus-vaccine-in-a-pill candidate. Especially because the initial reaction over-emphasized, in my opinion, the negatives in that data. But I suspected that yesterday’s downward trend would continue for at least another day and therefore chose to sell Vaxart shares out of my Volatility Portfolio.
February 3, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The ninth YouTube video “Trading Rationally in an Irrational Market” went up today.
February 3, 2021 | Daily JAM, Stock Alerts, Volatility, VXRT |
As of 3:00 p.m. New York time today, February 3, shares of Vaxart (VXRT) were down 58.50% to $9.69 on news that although its coronavirus vaccine candidate triggered several immune responses, it did not produce the neutralizing antibodies that prevent sa virus from replicating. I will sell shares out of my Volatility Portfolio tomorrow
February 1, 2021 | Daily JAM, Volatility, VXRT |
Ok, I don’t want to see “the next GameStop under every rock.” But Vaxart (VXRT) deserves a look or two. (The stock is a member of my Volatility Portfolio where it’s up 5.27 as of the close on February 1 since I added it to the portfolio on July 22, 2020. I also own shares in my personal portfolio.) Here’s what I see with the shares of this company that is in clinical trials of a vaccine for the coronavirus. Vaxart’s vaccine is a pill and it’s the only vaccine pill under development. Shares of Vaxart are up (as of the February 1 close) 54.93% in the last week and 172.68% in the last month. They’ve added 216.46% in the last 3 months and are up 172.68% for 2021 to date as of the close on February 1. The shares moved up another 29.97% today to $15.57 a share.
February 1, 2021 | AG, Daily JAM, DNMR, Jubak Picks, Millennial, Morning Briefing, Short Term, VXRT, You Might Have Missed |
I looked at my Jubak Picks Portfolio with more than a tinge of seller’s remorse this morning. I sold shares of First Majestic Silver (AG) out of that portfolio on Friday, January 29, after the stock rose 21.38% on Thursday. That gave me a gain of 45.52% since I began this position on July 6, 2019.I argued in justification for this sell that the attempt by individual investors on Reddit’s WallStreetBets forum to force a short squeeze in silver, as they had in GameStop (GME), were likely to fail because there was such a big stockpile of physical silver ready to enter the market. So I took my profit. Only to have the stock climb an other 21.3% today, February 1, as of 2:30 p.m. New York time as individual investors did indeed drive up the price of silver futures. The Shares Silver Trust (SLV) was up 6.40% as of 2:30 New York time today as the intraday price of silver limbed to the highest level since 2013. And then I thought about that seller’s remorse.
October 14, 2020 | Daily JAM, Stock Alerts, Volatility, VXRT |
Shares of Vaxart (VXRT) closed down 10.04% today, October 14, giving back all of its 8.8% gain from Tuesday. The shares finished the October 14 session at $6.90. Yesterday, the company, which is working on a coronavirus vaccine in pill form, reported that hamsters who...
September 15, 2020 | Daily JAM, Stock Alerts, Volatility, VXRT |
Yesterday shares of Vaxart (VXRT) were up 46.79%. Today they're down 16.13% as of noon in New York. And, of course the shares are down 55.38% since I bought them on July 22, 2020 at $14.79. Why so much, such extraordinary volatility? Some is because this is the kind...
September 14, 2020 | Daily JAM, Morning Briefing |
As of noon New York time today the Standard & Poor's 500 was up 1.58% and the Dow Jones Industrials had gained 1.37%. The NASDAQ Composite was higher by 2.01% and the Russell 2000 small cap index had picked up 2.11%. The iShares MSCI Emerging Markets ETF (EEM) had...
August 11, 2020 | Daily JAM, Stock Alerts |
Shares of Vaxart (VXRT) were up 21.77% today to $11.44 as of 3:15 p.m. New York time. You'll remember that Vaxart is my pick in my Volatility Portfolio for participating in the coronavirus vaccine race that plunged 47.6% from $16.97 on July 14 to to $8.90 a share on...
July 22, 2020 | Daily JAM, Stock Alerts, VXRT |
In case you needed a reminder that there's a coronavirus vaccine race going on, today Pfizer (PFE) and its partner BioNTech (BNTX) announced that they had signed a $2 billion deal with the U.S. government to provide 100 million doses of its coronavirus vaccine...