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Organovo Holdings, Inc. Message Board

  • gigoptixman gigoptixman Mar 19, 2013 8:26 AM Flag

    Hopefully newly converted warrant to stock holders will not take profits immediately

    It would be nice to see their confidence expressed by holding for the longer term.

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    • My guess is that those who were going to sell have already done so which is why the price dropped last week. I suppose we'll get a better read on this in the next couple days as the market makers who bought the decline sell at a higher price at resistance. If we break through 4 convincingly then remaining large holders are likely to continue holding for much larger gains with April science report, uplisting and product intro in 2014.

    • Gotta be tempting for those guys to sell. Right now, with a cost basis of just $1.00, they can quadruple their money! Might also be tempted to sell if they think the Dow is due for a correction and believe they can sell ONVO at $4 and buy it back at a lower price down the road?

      Who knows? I expect ONVO will jump a bit this morning at the opening. Lots of folks get all hot and excited by any news on ONVO that even hints at being positive. Today, the "hint" is a possible NYSE listing. However, keep in mind, listed or not, ONVO is still a tiny bio-tech start up that barely grossed $1M in revenue in 2012.

      Still contend as other do, that ONVO will hop up and down between $3.50 and $4.50 until substanial news is released. In other words, we can smell the aroma but we are still a long way from eating steak.

      Sentiment: Hold

 
ONVO
3.66-0.270(-6.87%)Mar 27 4:00 PMEDT