Coverred SVA @ $2.42
Very small gain on Sinovac Biotech, but a gain nonetheless. Netted about 5% profit in less than a day. This is the third trade on SVA in the last few days with 2 of 3 turning a small profit. This is a dangerous name to tread in since it is moving on the swine flu scare and could swing wildly one way or another. To top it off, I have seen a couple of press releases from the company regarding swine flu. The first release boosted the shares by about 10% (during my short). A follow up didn’t have an impact. I would expect this to continue to fade, but it might not be worth the potential risk.
Related articles:
