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Organovo Holdings, Inc. Message Board

  • philipstekel philipstekel Jun 15, 2013 2:04 PM Flag

    ONVO...starting to build a base and act like a REAL STOCK??? Part 1 of???

    I don't know how much I'll be allowed to express here so I will speak in short sentences:

    $4 is a short term base but bigger picture ( 2 year chart) easily accessed on YAHOO!, show a possible low of $3.35

    Volume is low which I believe is a GOOD thing. It allows for some consolidation between speculators (some of us) and investors (also .......others of us) while the stock is waiting to be listed. This (in some circles) is known as......."a quiet period".

    Intermediate resistance is $5 with additional resistance mid to long term at $5.91.Ultra Long term resistance is $9.65 dated 6/18/12.....trust me..........people will cash in between these price points and with probably large volume.

    We....... as investors, have dealt with distribution of people who bought in at $1 and either liquidated or chose to reinvest their original holdings. While this happened, the stock dropped like a stone. As a result, management cleared the balance sheet and is in the process of being listed on NASDAQ which will be factored into the stock price and should NOT be bought afterward.

    Management owns over 50% of the stock in spite of up and down swings..........a good sign.

    Keith Murphy is a former member of Amgen (AMGN) which has proven over time to be a winner. He has experience and why would he waste his time unless he believes his time, effort and talents will produce something based on his prior experience?

    End of Part 1

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    • Philip's numbers are correct and his previous posts prove to me he has the experience that is always valuable and should be respected ... We have discussed technical analysis in previous posts also.. I would add the Onvo is not a ""real stock'' yet so it will behave according to news rather than trading history .. But without news most stocks trade on momentum and therefore we will have runs and pullbacks and if you do your homework you can take advantage of these opportunities ... JMO..

      • 1 Reply to gpls72
      • This sounds correct to you?

        "Intermediate resistance is $5 with additional resistance mid to long term at $5.91.Ultra Long term resistance is $9.65 dated 6/18/12.....trust me..........people will cash in between these price points and with probably large volume."

        Because it sounds ridiculous to me, especially with all the expectations that are being discussed on this board. Even the most cautious bulls haven't given this stock an ULTRA long term resistance mark at $9.65 let alone long term resistance at $5.91.

        Seems like just an attempt to sway the masses to sell at desired points so he can buy back in after he sells himself. No one on here believes that ONVO will not eventually be printing organs in the true Ultra long term.

        Sentiment: Hold

    • This whole analysis was a #$%$ shoot. I feel sorry for the people who will read this and use it as a guide

    • Ultra long term resistance is $9.65?? You're delusional

 
ONVO
5.7299-0.0201(-0.35%)2:35 PMEST

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