Could reverse trend, not too confident given the history of chart with constant dilution but I like the bear trap this morning. I see this as short term play that could generate nice return within a week.
Stock has turned bullish but pullback was inevitable.
My first trade here was a quick flip, the next will be a bit of a longer swing that I intend to hold into the early summer unless sector cools off.
My advice to longs, trade around your core. Too much volatility here not to take advantage.
Almost got my $3 PT, sold the last around 2.90. Fun trade, Will be back soon enough for more.
I'll admit I know very little about his company but I really want to learn more about this company and possibly stash some away in my 401k.
Seems like a great group of dedicated longs here who really believe in the technology. I hope you guys make a killing on this one day.
It doesn't matter if it's pure 3d or not, traders refer to this as a sympathy move. More eyes on the hot sector. Be glad it's in the same classification.
Momentum traders have gotten a hold of this. If no push after 3pm they will sell it back down.
I sold half at 2.72, holding rest for now.
Either way will be back to load on a retest of 2.50 if given the opportunity. GL All.
Shorts better cover and reshort over $3
You do realize that valuations have nothing to do with speculative stocks? Irrational things happen in biotech market all the time. Could take a while but the market cap can approach 1B before people would really start to question things.
Tune out the noise, ONVO is a trade tho, wouldn't expect to get rich off this thing but it's moving higher.