Yuch. Awful day for tech stocks and getting worse.<\/p>\n
Big downgrade on AYX because its guidance was weak. And Guggenheim downgraded them. Not a pretty sight. The stock lost 29% today. Which I think could make it an interesting buy. You can read their latest earnings call here.<\/strong><\/a><\/p>\n Don’t look at today as the beginning of an overdue slide in over-priced tech stocks.<\/p>\n Think of it as “Tech Stocks on Sale.<\/em><\/strong>” Some of them are down eight per cent. Pick your favorites and buy some more. If in doubt, buy AAPL. AMZN, NFLX and SHOP. Check our list on the right hand column of the web site. Click here.<\/strong><\/a><\/p>\n I don’t like gambling with vaccine stocks. But I bought some NVAX based on really bullish news. From the NYTimes:<\/p>\n Novavax, the little-known Maryland company that received $1.6 billion from the federal government to produce an experimental coronavirus vaccine, announced encouraging results in two preliminary studies on Tuesday.<\/p>\n In one study, 56 volunteers produced a high level of antibodies against the virus without any dangerous side effects. In the other, researchers found that the vaccine strongly protected monkeys from coronavirus infections.<\/p>\n There are other vaccines that are further along with clinical trials, but Novavax\u2019s stands out because it is protein-based \u2014 the same proven technology used for existing vaccines against diseases like shingles \u2014 which could make it safer and easier to manufacture in large amounts.<\/p>\n Our colleague Carl Zimmer, a science writer and author of \u201cA Planet of Viruses,\u201d thinks there will be a number of coronavirus vaccines that will turn out to be safe and effective. \u201cI think that there will be a patchwork,\u201d he told us. India, China, and Russia, could all end up with their own successful vaccines, he said, and \u201cthere may be vaccines that are better for old people and other groups.\u201d<\/p>\n For Zimmer’s piece on Novavax, click here.<\/strong><\/a><\/p>\n The most exciting thing today is all the tech innovation going on at an individual level. I like safaris by by video, e.g.<\/p>\n