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Novo Nordisk A/S Message Board

  • twojugglers twojugglers Jun 2, 2013 1:07 PM Flag

    This Sucks

    Any thoughts on where NVO goes from here?
    I expect a long dry spell followed by a slow recovery once/if that new diabetes drug is approved. Of douse, they could buy out MannKind for the inhalable insulin.


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    • I just got into NVO Friday about midday after it took a large hit so I may not be the best source of info regarding its prospects. I felt when I bought it at 161.57 that it was a great entry point because it was just completing a head and shoulders pattern on the charts, appeared to have pretty good support at that level. After doing my DD, I felt it's a solid company both past and present - the future also looks great. Never really noticed this stock before, just happened to notice it on the ticker tape on CNBC and thought I should give it a look. Your outlook is pretty gloomy compared to mine. I'm expecting a move forward IF the markets cooperate. Last Fridayt's big drop may have simply been a rebalancing or it might have the beginning of a bigger drop. I'm guessing it was just a one day thing. We'll know Monday, won't we? BTW, I'm a trader looking for a short term bounce. You may be entirely different.

      Sentiment: Buy

55.44-0.61(-1.09%)May 27 4:02 PMEDT