I am going to go easy on the ha ha today because forum members are taking a real beating. Just a valuation lesson. These are good companies with cash and promising tech but the emergency use authority will end and it's back to years to get something approved. You just can't pay 4X what they should trade at if they had a pipeline.
And I hate to give investment advice but seriously consider getting the hell out now and save some capital to fight another day. The institutions are dumping shares and the shorts will pile on. It is highly likely you can buy them back cheaper and if you just have to average down..... DON'T until they find a floor.
Keep in mind the brokerage houses that maintain buys are the same folks that had a buy rating on the stock before the market cut the price in half. Give them a week and they will all drop their price targets so they look less foolish.
And I hate to give investment advice but seriously consider getting the hell out now and save some capital to fight another day. The institutions are dumping shares and the shorts will pile on. It is highly likely you can buy them back cheaper and if you just have to average down..... DON'T until they find a floor.
Keep in mind the brokerage houses that maintain buys are the same folks that had a buy rating on the stock before the market cut the price in half. Give them a week and they will all drop their price targets so they look less foolish.