If we confirm a bottom here, which is a higher low than the last dip to $4.43, we should see a nice move off this higher base. And with 2014 quickly approaching, it might be the last chance to buy these levels.
Just look at the long term chart. we've been putting in higher lows since the start of the year. It makes sense, based on the long term trend.
Also, when big money is waiting for $4's, a stock will often stop right above it and cause them to start moving up, which is the catalyst to break it out.
The shorts are panicking because they know this as well. Organovo's buy volume is not dropping off, its remaining strong
They shorts are freakin out big time now. They know this relationship, combined with the many other mega cap relationships ONVO is making, increases their odds for success dramatically.
Just look at all the lies and misinfo Alex is spewing. The shorts are on serious damage control now. They know the biggest drug companies in the world would not be taking an interest in little ol' ONVO if there was not massive potential.
ONVO will be worth billions one day. They have all the ingredients. If you sell at these levels, you will remember it the rest of your life.
After that confernce last week this stock is starting to be bought up by the big boys! I believe it will be up the rest of the week with institutions starting to by lots!
Sentiment: Strong Buy