If it was going there then why would you even own any shares now. Or is it you hold shares and you are convincing investors to hold off buying until your firm can get it down there.
If these funds wanted to off load they sure would not be pulling the stock price down on 100 share trades, they would have the stock in nose bleed area before they were to sell or short.
Didn't the management get several new agreements of late that makes the future brighter and am I mistaken to the talk of more agreements in the near future as to the latest developments that has taken place.
Thanks Do most companies sell a stock into some kind of huge news or do they just dump it on the market like today killing the stock price.
I am sure he is already betting and in need of the stock to fall
I would like to buy more at that price, although I am getting more than I want as these prices it is like a lotto ticket, I have bought in many ranges and have not sold a share yet. Here is to the shares you shorted and I accumulated.
Yes seller at less than 100 shares and buyers at 500 plus shares. It is called accumulation by funds so do what they do and WAIT.
One would think the stock has oversold as down 35% in one week do to announcement, and to think the company had stated BEFORE new contracts that there was no need to raise money. IMO this company need more space to grow and that takes capital. GROWTH being the key work here.
At some point they are going to want to buy back in and that sure explains the level 2 100 share trade at partial pennies to lower stock down. I still think there will be substantial news released soon.
Sentiment: Strong Buy
It was my understanding that the shares floated was 2 banks that bought all of the shares. And they would not do that unless they were certain they could make a profit. Just my opinion
As statement Organovo registered to sell, and they have just filed so it is not a done deal and it would be smart to register sale of stock before a big announcement as I am sure Organovo knows it will be hard to sell on the open market of late, with more shorts wanting to cover and no volume. IMO they already have a buyer, as some institution off market. Or there is a major announcement getting close for disclosure.