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  • luana2045 luana2045 Mar 7, 2012 11:35 AM Flag

    Where is my NIA email ?????

    The emails may be over, could you blame them for taking profits in the 50's?

    Sure smelled like a pump and dump to me, but who knows. we will see IF there is any further disclosure from NIA regarding their position.

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    • NIA is very pleased that BVSN reached a new 52-week high of $56.46 yesterday. We saw some profit taking in the afternoon yesterday. After BVSN declined into the mid-$40s, NIA reduced its position so that it could buy back shares if BVSN were to dip below $40. We believe this morning's low of $37.67 is probably the bottom and we are placing a large order to purchase shares at $38. If we don't get filled at $38 this afternoon then we may increase our order to a higher price tomorrow.

      On BVSN's first major correction in January the stock bottomed at $20 and quickly bounced to $44.50. On BVSN's second correction in February it made a double-bottom at $29, which was $9 above the previous bottom. In late-February NIA predicted that BVSN would probably rise to at least $53.50 or $9 above the last top of $44.50, before reaching another short-term peak and dipping.

      BVSN reached that $53.50 level yesterday and ended up rising as high as $56.46 before making another short-term correction. The fact that BVSN bounced so strong after reaching $37.67 this morning shows that $38, or $9 above the last bottom of $29, is a major support level. There is an excellent chance of $37.67 holding as the bottom. Whether or not BVSN retests $38 like it retested the $29 bottom before bouncing, we don't know. If it does we will be there buying the stock.

      After JIVE hit a new 52-week high on Friday of $24.54, it too saw some profit taking this week down to a low yesterday of $21.46 and is bouncing strongly today to a high of $22.75. It is only natural and healthy for BVSN to dip as well and because BVSN is more volatile than JIVE, it makes larger price swings. We believe both stocks are going back to new 52-week highs soon. The Digital London Summit begins on Tuesday and NIA is leaving for the summit on Monday.

      NIA currently owns 58,800 shares of BVSN. NIA is placing an order to purchase shares at $38. NIA intends to sell its shares in the future and can sell them at any time. NIA may also choose to buy more shares of BVSN and add to its position at any time. NIA's co-founders have also been referred business in the past from somebody who has filed as a large BroadVision shareholder. NIA's report is intended for informational purposes only and does not provide investment advice. Neither NIA nor its co-founders are investment advisors or broker/dealers. Past performance is not an indicator of future returns. NIA's stock suggestions are not a solicitation or recommendation to buy or sell any security. Never make investment decisions based on anything NIA says. Do not rely on information from NIA to make investment decisions. Only use the information contained in NIA's report as a starting point for you to conduct your own research and make your own investment decisions. NIA does not guarantee the accuracy of information in its report. Stock market investing is extremely risky. NIA's co-founders may have previously discussed some companies in other media outlets.

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