I truly believe today was an aberration and the share price resumes its climb next week. I am holding for the long term and am accumulating with a five year plan at a minimum.
I'm going to start my position in the 5's. This trades for a long time in the $2-4 and needs to consolidate. Just because it moved to NYSE didn't justify a double in a weak.
Exactly my point! But if you sell and make a profit you are considered a basher around here - LOL!
Today there were a few contributing factors to the overall slide of the market and ONVO was effected as well.
First, the worlds biggest tech stocks took a hit today after reporting smaller than projected earnings. These stocks (Google, MS) are big enough to make waves throughout the entire market.
Secondly, Detroit announced it is filing for bankruptcy. This will also effect the way the market was playing today.
There are also many smaller factors that add into the equation such as oil prices increasing, entering the main phase of earnings season, and the effects of a stronger dollar emerging.
Personally, I think that with the uplisting of NVIV imminent, word will spread of both companies and bolster recognition of value as well.
Time can only tell though, I'm not entirely sure where we are headed.
What do you all think?
How about factoring in the recent run and it being way over bought. It was primed for shorts. Not saying I did any shorting just an observation.
I'm on your side gig