The action in nviv today has me nervous about the whole market now. It shows how feeble those who own stock are? Are people really selling because of the delay? First of all it is delayed not canceled. Second the reason to own this stock is for the future growth of the company due to their products. I will hold nviv but will now begin selling a lot if my other holdings as I fear what shareholders in this market will do with any other major market news.
Your concerns are legitimate, Greenwich, and it's why many investors choose to sell small lots along the way, to recover their principal and minimize the risk of their core long position. As for the reason to remain long on NVIV, their product pipeline is still stocked so, yes, the recent meteoric rise was largely due to uplisting and an immediate return. They are also the ones jumping out now, despite catalysts on deck.
And what a meteoric rise that was, right? What a ride! To think, we get to do that AGAIN! But with more shares and more friends and family aboard, to boot. Very excited!
It shows that there are a bunch of weak hands who got out. Look at last time NVIV filed an 8k. It dropped and bounced hard before recovering and setting new highs. The market digested the news, decided it was silly and now it's inching back up with new stronger buyers.