Sep. 15 at 11:45 AM
$BNTX
Investors on here are so ridiculous. They are upset that Moderna moved but this didn’t. What does this tell us? It tells us that it’s not the science that moved Moderna, because if it was it should have never hit the
$20’s. It was a short squeeze possibly caused by retailers accumulating on news and some short covering. So in time that will come down from the sky and meet this company in valuation. Based off the price action of BioNtech it is appropriately priced because its sales are years away from producing fruit, and even then its execution risk. So with that all being said, expect a gradual grinding of BNTX at current levels for the foreseeable future and Moderna to come back below
$100 again because science alone isn’t enough, it’s cash flows that matter more and both are in negative territory.
