It seems like more news won't happen for some time, and the stock isn't going to make another run until that happens. I'm getting the feeling now that the share price will continue to slump as the buying dries up and investors look elsewhere to put their money. The resistance at the lower 4's is nice, but how long can that be kept up if no significant news or exchange listing happens over the next couple months? I'm all for onvo and they have been my most successful stock, and I'm not planning on selling at these levels. But the trend lately with low volume and slumping price despite good news about partnerships and a cleaned up balance sheet is unsettling to my inexperienced trading mind, but perhaps I'm reading the signals wrong. Anyone think they have an idea about where they might go in the near future?
That's what I've been doing, but after seeing it hit $6 I regret not selling some in order to buy more at a lower price. But yeah either good advice either way. Although the real gains won't be made until the technology matures, I still expect to see short-term movements as they make new partnerships and get listed on an exchange.
stock is already trading at 650+ times earnings. even with the rumors and potential that go along with the stock that is overvalued. sell at these levels and buy lower. the big seeking alpha article just came out and where did that get us?