Moderna is one of the top candidates for the covid vaccine. 

I held a short position in Moderna on 2 Dec when it was at $142. I felt that the price was too high. It was a bad decision. Moderna increased by another 20% to $169. 

The short position was rather small, so I made a loss of about $3,000 (SGD) during this period.

I decided to hold the short position. During the past two nights, Moderna dropped in price to my entry level. I cleared the short position and made a small profit (about $200).

Why the drop? I read a report that an analyst said that the Moderna vaccine is not as good as the Pfizer vaccine.

Here is a report on Moderna
https://finance.yahoo.com/news/moderna-party-ending-analysts-caution-153629171.html


What is the lesson?

If you take a short position, be ready to hold it for a certain period. Do not panic. Monitor the stock closely. Wait for luck to be on your side.

Tan Kin Lian