RE:ALA is having a good dayAhh, how sweet it is, at least for now. As for the great trader Vega, I knew the day would
come when his short term calls would fail him. Agreed, no one could have predicted the news
of a vaccine, but if it wasn't that it would have been some other unforseen event to shock the
market into panic or euphoria. That said, if his record is to be believed, he has done exceptionally well with his calls. I am up only 50% plus dividends but had to average down
taking a huge risk by doing so to achieve that. Something I would not recomend on a regular
basis. Despite being hard on Vega, the truth is I envied his nimbleness and ate crow mutiple
times before my strategy of averaging down and hold approach paid off.
That all said, the question now is where do we go from here? Will the euphoria last or will the
market start to drift back realizing the vaccine is still many months away and perhaps even a year away before we see distribution in scale to be effective. I'm still long on ALA for at least the next
Q and then re-evaluate.