Is Gilead Sciences, Inc. (gild) A Good Play On The Coronavirus?

Discussion in 'Investment Charts' started by Chartman, Feb 22, 2020.

  1. Chartman

    Chartman Senior Investor

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  2. Buyonthedips

    Buyonthedips Senior Investor

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    There seems a bit of hope value in the shares already however:-

    - The coronavirus does not seem to be doing away.
    - These life threatening viruses are getting a lot more frequent

    This is unlikely to be a long term hold as there will be laods of companies working on a vaccine. However, while there is a chance Gilead might be the one then it looks interesting.
     
  3. Chartman

    Chartman Senior Investor

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    This is a simple reaction to the recent markets falls for a share which is speculative and has performed well of late - might actually turn into a great long term buying opportunity. Keep a very close eye on this one - it didnt hit new highs for no reason ;)
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    That rise was short lived! Maybe this wont be the company to find the Coronavirus vaccine :(
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Bloody hell, how do you keep track of this one!

    Buy on the dips otherwise you might get sucked in too high.
     
  6. Chartman

    Chartman Senior Investor

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    Rumours, counter rumours, truths and lies will move this share price in the short term until the coronavirus issue dies down. As long as this continues there is the potential for the company to find a vaccine but once it comes to an end and, more than likely, the company has not found a vaccine, what next? What would it be worth?
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Trying to find a balance on this stock between potential for a vaccine - remote - and taking into account plunging markets is not easy. Investing in any stock at the moment is like playing Russian roulette.
     
  8. Chartman

    Chartman Senior Investor

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    Crikey what a graph! The swings are absolutely huge. This really is one for the gamblers but if it was me I would be buying only on very very bad days in the market.
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    If there was even a whiff of a rumour they had found a vaccine then the shares would fly to the moon!
     
  10. gowiththeflow

    gowiththeflow Senior Investor

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    Seems to be quite a few companies close to a vaccine but they still appear months away for public use. Who will win the race?
     
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