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Reply #17: How Hyteria Kills the Market [View All]

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mhatrw Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-02-11 03:12 PM
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17. How Hyteria Kills the Market
http://www.benzinga.com/trading-ideas/long-ideas/11/01/...

By far, the swine flu the horrifying virus that swept the world two years ago is the most prominent media scare story of the past decade, leading investors down a rocky road of troubling investments.

On March 6, 2009, Novavax, Inc. (NASDAQ: NVAX) was trading at $0.56 per share; on August 28, the stock peaked at $5.89. Investors bought into the company because they believed that the swine flu would fulfill the fears of the media, requiring millions (if not billions) of people to get the H1N1 vaccine or face certain doom.



By October 2, Novavax had dipped to $3.43; two months later, the stock lost another 90 cents.

This, of course, is one of many instances where investors responded too quickly to the mass hysteria brought on by the media. Predicting the worst, investors turned their attention to the manufacturers of the H1N1 vaccine.
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  -EU slammed over disproportionate swine flu response mhatrw  Feb-02-11 03:29 AM   #0 
  - It is my understanding that France, a nation of some  truedelphi   Feb-02-11 03:39 AM   #1 
  - 'Adverse reactions' generally means a slight temperature and a sore arm  LeftishBrit   Feb-02-11 06:48 AM   #5 
     - Well, in my case, my adverse reaction to the swine flu vaccination  truedelphi   Feb-02-11 03:39 PM   #19 
        - Even though Hepatitis B only spread by the exchange of bodily fluids.  mhatrw   Feb-02-11 03:52 PM   #20 
           - Deleted message  Name removed   Feb-03-11 05:25 PM   #26 
  - further vaccine bans/article links, sourced from last time we here went thru this in the EU  stockholmer   Feb-02-11 05:29 AM   #2 
  - I'd take this more seriously...  LeftishBrit   Feb-02-11 06:32 AM   #3 
  - FWIW...  LeftishBrit   Feb-02-11 06:38 AM   #4 
  - Now compare this to the USA, where flu vaccination is urged on  mhatrw   Feb-02-11 11:37 AM   #10 
     - No; Britain never needs to 'decide to manufacture' shortages of anything...  LeftishBrit   Feb-02-11 11:53 AM   #12 
        - OK. I'll simply quote you then  mhatrw   Feb-02-11 12:00 PM   #14 
           - Short answer: No.  LeftishBrit   Feb-02-11 06:07 PM   #23 
  - I really feel for the public health organizations.  trotsky   Feb-02-11 06:57 AM   #6 
  - Also...  LeftishBrit   Feb-02-11 08:01 AM   #7 
  - You really feel for public health organizations? What about for poor Novartis?  mhatrw   Feb-02-11 11:31 AM   #8 
  - Naw, I'll let you worry about pharma companies. n/t  trotsky   Feb-02-11 11:34 AM   #9 
  - Novartis can look after itself. I'm worried about those who are denied vaccines that they want/need  LeftishBrit   Feb-02-11 11:48 AM   #11 
  - Well, I really feel for the Bush Adminstration.  mhatrw   Feb-02-11 11:56 AM   #13 
     - I'm not too worried about the former Bush administration, either.  trotsky   Feb-02-11 12:45 PM   #16 
  - Meanwhile, back in the USA  mhatrw   Feb-02-11 12:09 PM   #15 
  - How Hyteria Kills the Market  mhatrw   Feb-02-11 03:12 PM   #17 
  - Oddly enough...  LeftishBrit   Feb-02-11 05:40 PM   #22 
  - The flu "experts" who cried wolf  mhatrw   Feb-02-11 03:30 PM   #18 
     - Have you read any of this writer's other articles?  LeftishBrit   Feb-02-11 05:39 PM   #21 
        - No, I had not. But the tactic of constantly attacking the messenger gets old fast.  mhatrw   Feb-02-11 06:43 PM   #24 
           - The use of right-wing messengers gets even older even faster  LeftishBrit   Feb-02-11 07:31 PM   #25 
 

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