So I do the old 9-5 desk job doing business analysis. I cannot get anything done while I watch the stock ticker on my secondary screen. Been in since $3.30 and watching this stock has cosumed 90% of my attention the last week!!! Fun stuff. The drama the ups and downs, watching your portfoloio go up and down $1,000's of dollars, its like a watching a good movie.
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So funny! I wonder how many others are in your same predictament. I assume a gazillion! It's interesting now with the S3 filed because it makes ONVO a much stronger company, but it also dillutes the shares. I heard 5M more shares will hit the market after the board meeting. Based on market cap and current price, it looks like there's around 65M shares today. So they'll go up to 70M shares. Not a big deal when I expect the 65M shares to double in price by the end of the year. I'd write more, but I've got to go see what price ONVO is trading for right now ... ;-)
heh - When the stock is down I don't allow myself to look at it - which means lately I too have been enjoying the movie :-) FYI, 5 million shares will not hit the market after the annual meeting. Those shares if the stockholders approve will be authorized to enable giving of stock option incentives to future key employees. It will be at least a couple years before even the first of those shares can be sold. Also, the S3 allows for stock sales. It puts bullets in a gun, but management has not fired the gun, and who knows when or how they might do so. I agree with you that even when sold it will be a good thing as it will provide Onvo with new resources to accelerate business and scientific progress.
You sound like me. hate the day job but love watching stocks like ONVO. This can be addictive which of course is not a good thing! I'm in at $5.05 (1,000 shares) with a stop loss set at $7.10 to secure at lease $2k gain. i want to go long but hard to not take profits along the way which i think is the order of the day in today's crazy stock market swings. Good Luck
its fun till it smacks you down. but this one is in a good momentum industry. also, ceo is formerly from amgen. just don't forget to take some profits along the way. this one will trade like a biotech stock.
Sentiment: Strong Buy