" I find it hard to believe that
reasonably intelligent people who are paying attention to what was just
presented are not bidding up the price of MRNA....."
It will soon happen but I think the shorts are fighting the upside using the likes of Cramer, and I suspect that the major upside will occur as soon as the US announces an agreement to buy 100 Million doses from Moderna at say $50 per course... In that regard, I think Moderna would have been better served to float $20 per shot in line with the offer by Pfizer instead of the $25-$30 they are suggesting. Nevertheless, I expect this to be resolved soon and an agreement will propel us way past $100...