Novavax Inc (NVAX)

[nypete]

It's a biotech. GHEESH. R&D costs necessary before product. And if you are not aware most biotech companies can't get to PH 3 trials and when they do it is NDA with the FDA. Then they have to make and sell product. Tough game.
Thing is you have to be patient, accumulate on dips for a core long term position and keep your fingers crossed for the big payout. And you can trade around weakness for short term profits. That's what I do with my biotechs.
I have just sold out my recent trade on the fabulous run up from Jan to last week. Am buying back in on this decline. NVAX will have catalysts coming up this year that most likely will give us another nice run up from the 7 to 8 levels. Always keep cash in the till just incase more dips occur.
GLTY