Black Monday

[BIRMANBOY]

Hoop, you just slipped that little phrase in, "cashed up", and it piqued my interest. Care to shed a little light on that? That's a big move for a long time investor, and given the alternatives, seems pretty serious. What have you surmised or what do you see to move you to that position.....or is it just a personal timing situation and time to smell the roses

All depends on how big the exit door is..

From my previous experience I have discovered my exit door is far too small, no matter how close I am to it..
Everyone thinks they are smart enough to run for the exits and get out when the market falters at the top..but that is a dream enjoyed by most investors.

Disc: cashed out apart from a few rats and mice

[kiora]

Pretty hard to move this amount of money in & out of equities so this is NZ Superfund strategy
"the fund’s long-run investment horizon gives us greater tolerance to hold on through market fluctuations and reap rewards over the long-term – without taking undue risk to the fund as a whole."
And staying with growth assets
"Other points of the review saw the portfolio’s strong weighting towards growth assets, retaining an 80% allocation to growth assets (equities) and 20% to fixed income assets (bonds)."

https://www.goodreturns.co.nz/articl...+February+2021

[bull....]

the reddit army moved on to silver stuff late last week now too , silver up big today after reporting in the press over the weekend on the asx silver mines up 44% today good if you got in on friday after following the reddit army

[bull....]

markets still consolidating which is a good thing , dont want a straight line up.

vaccine stuff heating up

Export controls on Covid vaccines from Europe could spark collapse in global supply, experts warn

https://www.cnbc.com/2021/02/01/eus-...ne-supply.html

countries probably vaccine there own populations first so cant see nz getting anything substantial really this year. contracts can be delayed or cancelled which is probably in the fine print.

[clown]

markets still consolidating which is a good thing , dont want a straight line up.

vaccine stuff heating up

Export controls on Covid vaccines from Europe could spark collapse in global supply, experts warn


https://www.cnbc.com/2021/02/01/eus-...ne-supply.html

countries probably vaccine there own populations first so cant see nz getting anything substantial really this year. contracts can be delayed or cancelled which is probably in the fine print.

I heard on the radio yesterday that NZ may manufacture on behalf of AstraZeneca. I think Australia already has the capacity to do it, not sure if NZ does.

[kiora]

There has been a deathly silence about NZ making its own Covid vaccine
24-4-20
https://www.nzma.org.nz/journal-arti...cine-programme
15-11-20
"Biocell said they had already invested $900,000 to get its facility ready to produce vaccine material, and said it would cover its own staff costs. It gave assurances it would provide a facility “entirely dedicated to the development and manufacturing of Covid-19 vaccines to meet the needs of the NZ population”.

The grant would future-proof New Zealand’s capacity and contribute to its preparedness to deal with future pandemics, Biocell said.

It would be spent on a centrifuge, sterilisers, cell reactors, and allow Biocell to produce up to 24,000 vaccine doses per hour."
https://www.stuff.co.nz/national/hea...ld-vaccine-lab

https://www.rnz.co.nz/news/national/...accines-doctor

"VAANZ vaccine candidates
The VAANZ programme is undertaking research and development of several of its own second generation COVID-19 vaccine candidates, with initial data showing promising results.

These include a recombinant spike protein vaccine being developed out of Dr Davide Comoletti’s lab at Victoria University of Wellington, an inactivated virus vaccine in progress in Professor Miguel Quiñones-Mateu’s lab at the University of Otago and a pan-coronavirus vaccine being explored by Avalia Immunotherapies with international collaborators. "
https://www.malaghan.org.nz/infectio...ases/covid-19/
9-12-20
"As discussions around emergency use authorisation of both the Pfizer/BioNTech and Moderna COVID-19 vaccine candidates begin, Médecins Sans Frontières/Doctors Without Borders (MSF) warns that any eventual COVID-19 vaccine approval won’t be enough to solve the global pandemic unless corporations take urgent steps to increase cooperation with other producers and sell the vaccines at cost. This means sharing all the necessary intellectual property (IP), technologies, data and know-how, so that as many companies as possible can produce these lifesaving vaccines."
https://www.nzdoctor.co.nz/article/u...rs-can-produce

[bull....]

do any of you really believe NZ would produce there own vaccine facility? NZ govt is re active to covid issues not pro - active

[bull....]

cme just raised margins on silver , on the back off the reddit surge ?

[kiora]

do any of you really believe NZ would produce there own vaccine facility? NZ govt is re active to covid issues not pro - active

Why not?
Bunnythorpe gave rise to Glaxo
https://en.wikipedia.org/wiki/Bunnythorpe
GlaxoSmithKline (GSK)-Backed Covid Vaccine Shows Strong ...www.bloomberg.com › news › articles › glaxo-backed-...
Dec 4, 2020 — A Covid-19 vaccine project supported by GlaxoSmithKline Plc is headed for advanced trials after showing a strong immune response in early ...

That said the RNA vaccines more difficult to make than typical vaccines

[bull....]

markets roaring back looks like the gme induced correction is over ? all the restrictions on not being able to buy the most shorted stock stuff has saved the day eh or was it the hedge funds lol

mentioned earlier on this thread around the us election time that pot stocks looked interesting , getting more interesting now as a small % of my portfolio. etf's are good way to go currently most are up 20 - 50% since the us election but still thinks there room to go.

Senate Majority Leader Chuck Schumer and two other Democratic senators said that they will push to pass this year sweeping legislation that would end the federal prohibition on marijuana
“The War on Drugs has been a war on people — particularly people of color,” said a statement issued by Schumer

https://www.cnbc.com/2021/02/01/cann...l-in-2021.html