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Novogen Limited Message Board

  • longsnshorts72 longsnshorts72 Mar 16, 2013 2:25 AM Flag

    Next week and beyond

    OK. Where are we at?

    Nothing has changed since that SP busting announcement of a few weeks ago, but of course an announcement alone doesn't hold up a SP these days.

    Of course it appears that NVGN has been heavily shorted over the last 2 weeks (confirmation anyone? - shame as it has nothing to do with the value of a company). But the drop has been slowed, and volume is almost negligible, and we are sitting in the low $5.00 range.

    For the record, I don't hold NVGN, but holds it's Australian counterpart NRT (which mirrors NVGN anyway).

    At the very least surely we are in for a retrace soon.

    Apart from another impressive announcement?

    NVGN seem short of funds?

    No real follow up announcement (apart from the Ingham one), but I guess these things take time.

    Anyway just rambling thoughts here


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