Why would you set your limit so low? You'll allow yourself to lose over $1/share and THEN sell? It would seem to make more sense to set an upper limit and sell a portion when you reach that level. Then set a lower price to buy back in. Maybe I misread your post...
If you check the news for ONVO, they have called 2.9 million warrants that if not exercised by March 4, will become basically worthless.
While we did have a run up recently, there are those who are selling into this because they have to exercise their positions which they were lucky enough to get at $1.00
I don't have a position in warrants but sold too soon at $4.58 and made a 71% profit. Not too shabby.
I'm staying on the sidelines until the warrants are completed and then plan to get back in.
Hope this helps.........
1.7 million shares traded versus an average of 900k shares traded today it won't take long to flush thos warrants, imo. 47mm outstanding shares, any decent update would cause ONVO to jump like Michael Jordan.
Sentiment: Strong Buy
Is there any way to check the progress of the redemption of warrants, or do we simply wait until the 4 March date and know that by that point it's complete?
Do you know whether that is the last of the outstanding warrants for ONVO stock?