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If you forgot, we are in a pandemic. $BNTX is one of the few companies that produced a Covid vaccine.
Right now the stock price is $250. You may have seen this stock dipping all week, and are wondering why the fuck I would by into this. Well here I am with an explanation of why I yolo’d into this.
1: Take a look at their yearly chart . You’ll notice a change from red to green. If you remember last earnings, for them it was 8/8/21. Look a month before and it’s July. You see a dip to the $200s, and then a massive rip until earnings. Then consolidation, dip(where we are now). So what’s next? Bull run for a month of course. This pattern has happened all year before earnings, just read the chart. I see this happening again unless something extreme happens.
2: $BNTX is about to get their Covid vaccine for kids FDA approved, and they went into phase 2 for a Mrna cancer treatment. It is currently in human trials. If this passes and moves to phase 3… it could change the world.
3: I see this as a massive dip buying opportunity, and I don’t see this stock going anywhere. They want you to believe Covid is ending but this is not ending anytime soon. Booster shots, new strains. Also not to mention $BNTX will sell their Covid shot to other counties as well. They have absolutely no idea when Covid will end, remember 2 weeks?
Price target for next month: $460-500. I expect this run up to be higher than the July/august one. I am extremely bullish and will be watching this stock with great interest this month. I really doubt this will stay at $250 for long.
Not financial advice
1/21/22 calls for $420 and $650 strike prices.