UPS Announces Changes To Board Of Directors

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Yesterday we published an article about Inovio Pharmaceuticals, Inc. (NASDAQ: INO ) that summarized Citron Researchs Inovio short campaign . Personally I find the methods used by activist short sellers tasteless. However, I think short selling is an essential part of the financial markets. As long as they arent intentionally spreading lies and are merely expressing their skepticism on a hyped up company, I have no problem sharing their opinions on our website. That doesnt imply that I agree with every opinion shared on our website. I want to disclose that I have no positions in Inovio Pharmaceuticals, Inc. (NASDAQ: INO ) and I have no business relationships with Citron. I try to be an objective investor and make the right decisions when it comes to buying, selling, or shorting a stock. I share my personal stock picks in Insider Monkeys monthly newsletter and my portfolio of stock picks returned 72% over the last 3+ years and beat the S&P 500 ETFs by 44 percentage points. Now and then I was wrong about some stocks, but most of the time I was right. I also predicted the coronavirus recession in February and warned our readers in this article . In early March when the collapse in the stock market was so obvious, I warned our readers once again in this article . My stock picks beat the market before the coronavirus crash, during the coronavirus crash, and after the coronavirus crash. This weekend I interviewed Sio Capitals Michael Castor (pictured above) who also correctly predicted the coronavirus pandemic when most investors were dismissing the threat. S&P 500 Index lost nearly 20% during the first quarter, yet Castors healthcare focused hedge fund Sio Capital returned more than 7% during the same period. We asked Michael Castor to share views on Gilead Sciences Inc (NASDAQ: GILD ) as well as COVID-19 vaccine stocks such as Moderna Inc (NASDAQ: MRNA ). If you are an Inovio Pharmaceuticals, Inc. (NASDAQ:INO) investor and betting a large chunk of your savings on this stock, you have to watch the video below (if you dont have time for the entire video, skip to the 21:40 minute mark): Michael Castor is shorting Moderna Inc (NASDAQ:MRNA) because its quick vaccine development approach is riskier than the more reliable vaccine development approaches pursued by 70 different companies elsewhere. I didnt ask Castor about his views on Inovio, but I doubt that his response would be positive. I have nothing against Inovio investors but I believe the probability of higher returns at its currently elevated stock price is much lower than the probability of lower returns in the next 12 months. Disclosure: No positions in Moderna Inc (NASDAQ:MRNA), Inovio Pharmaceuticals, Inc. (NASDAQ:INO), and Gilead Sciences (NASDAQ:GILD). We recommended a short position in MRNA and I am planning to initiate a short position too. This article is originally published at Insider Monkey . View comments
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