SIGA PS

Memo to whoever bought a million dollars worth of SIGA this morning (maybe just an odd coincidence), I'd urge you to sell whenever it bumps up. It's done so twice, and I held on both times, and, per the old expression, got slaughtered like a pig. Twice.

This will never be a Pfizer. Never an established company with brisk and enduring business. It's an incredibly narrow play, and it will continue to happen - insofar as anything happens - in fits and starts, i.e. "events". And it looks like the First World is way more complacent about the danger of weaponized smallpox than expected (a mere handful of countries stockpiles the drug, TPOXX, despite its socko properties), and while there's every reason to think monkey and other animal poxes are cured by TPOXX, this starcrossed company can't ever seem to get anything done, e.g. testing on monkeypox effectiveness (delays of which are evidently driving the CDC as crazy as they're driving me).

I do suspect there will be at least one more hurrah....though perhaps not all the way up to $26 again. But, man, will this ever test your patience....


Update: Monkeypox now surging in Congo, too.