What Moderna’s New All-Time High Means… and a Mea Culpa

It’s Saturday mailbag day, so I’m back again to answer more reader questions about three different topics… and you guys can’t get enough of the Moderna talk!

So the first is in regard to the new Moderna all-time high, as so many of you are still commenting and asking where that goes next. 

I also address another recent video I did about cheap oil stocks, a topic no one seems to be talking about even as oil prices continue moving higher and higher. 

Finally, I have a dud of a call I made in regard to eHealth Inc. (Nasdaq: EHTH), which I thought was setting up for a short squeeze amid all of the GameStop mania we’ve seen the past couple of weeks. I really like the fundamentals behind this stock but instead, it did what GameStop is doing now — it cratered soon after I did the video.

Hits and misses are just part of the deal when investing in stocks, so I have a bit of a mea culpa on that one and I’ll answer your questions on it as well. 

The Latest Moderna All-Time High

WealthPress’ Jeff Yastine

I said Moderna Inc. (Nasdaq: MRNA) could double or even triple by the end of this year back in early January. It shot up like a rocket, rising over 60% in about 20 days.

Then early this week, the stock had a bit of a pullback, falling from $173 on Jan. 29 down to about $148 by Feb. 2. But the pullback was short-lived and by Friday, we were back at a new Moderna all-time high!

So those of you who are holding on to your shares, you should be doing even better now. I even got a comment from someone who bought two-year call options on Moderna on Jan. 5, the day my video posted, and he said he pulled in over $8,000 in profits. 

Another reader said she bought in at $115-$120 and hasn’t taken profits yet, but she’s up $12,000. 

Now that’s what I love to hear! More power to you both!

Check out my short video and let’s talk about the new Moderna all-time high — including what I see for its upcoming earnings — “cheap” oil stocks and eHealth.

And as always, send your investing questions to jeff@yastine.com. Be sure to subscribe to my new YouTube channel. You can also follow me on Twitter and Facebook.

P.S. The ‘SPAC Revolution’ of 2021

Ever heard of a SPAC? 

It stands for “Special Purpose Acquisition Company,” which is essentially a little-known way for private companies to take their businesses public. 

Most people have no idea that this type of IPO exists. And yet those who get into these deals before they take off can see their investments skyrocket by triple, even quadruple digits. 

As the Senior Investment Strategist for WealthPress, I have closely followed the SPAC revolution for over a year now. And I’ve identified 10 SPACs about to take off in short order.  

I’ve put together a special report detailing these 10 investment opportunities… and how to get into them miles ahead of everyone else. 

Click here to claim My SPAC Rolodex for yourself.