Trading volume does not seem especially high. Could be shorts jumping ship, but almost every day the intra-day volatility in the stock seems to imply someone is manipulating it. Again, possibly the shorts or day-traders who hit on low volume stocks.
Don't mean to lecture you, but if you bought the stock because of the fundamentals ... and they have not materially changed ...you shouldn't let an irrational market reaction (or manipulation) scare you out. You're doing exactly what "they" want you to do. Eventually the fundamentals will prevail. This isn't Twitter where rationality is totally absent. It's a solid company making real things that will continue to be bought and dips are opportunities. It will trade in the $60 to $70 range and be more sensibly priced once the day traders move on to something else. Definitely more volatility ahead, but you need to work with it and not be spooked.
The same people who were buying thousands of calls that implied it would hit $54 or more after earnings release.
" ...but he won't tell his flock."
They'll need to hire even more people to screen calls into his show and/or go back to having his staff call in to ask scripted questions. His followers are probably asking themselves What The Flock just happened.?
Every time the price moves up even a little it gets pounded down. At this point I can't believe there are that many more shorts piling in or that many longs keep dumping on small moves up. This has got to be orchestrated, taken advantage of thin volume. Presumably when this has been worked as far as it will go the same deus ex machina will run things in the other direction. Call options have remained pretty resilient compared to share prices.
Unfortunately bought some more around $62 on Friday but even managed a bit more at $57.15 on Monday. Pretty sure the bottom is in and as reality dawns, it will be bid up unless there's a total market swoon ... even then patience will be rewarded.
Volatility and Chicken Little reactions can be your friend. Timing is never easy, but sometimes irrational Mr. Market plays Santa Claus. Many of those rushing to the exits will rush back in ... employing the ever popular buy-high-sell-low strategy and shorts who are playing this will recognize they're milk this to the max and have to cover.
I should add that I wanted to buy back some covered calls I had written on shares I already own, but those prices held pretty strong. Presumably the options market isn't as easily spooked.
I cleverly watched and waited until $62.20 to add some more and of course it more or less immediately dropped another dollar. Timing is something I excel at.
Anyway, in the long term the irrational reactions to uncorrelated events creates trading opportunities. I don't know if the price is driven by nervous idiots or by those who see a thinly traded stock as an easy target for manipulation. It's certainly nothing to do with company specific fundamentals. I guess the volatility will continue until it doesn't work for them anymore.
Right. Do you think L'Oreal was just taking a shot in the dark and that ONVO made the commitment as a gift from the Easter bunny? Negotiating an exclusive commercial supply agreement obviously depends on development issues, but it's as much in ONVO's interest as L'Oreal's to see where this could lead & provide direction to this phase and that still leaves open the areas of skin drug testing and transplant applications and could spark interest from a major pharmaceutical company to nail down a similar deal in those areas.
"The development and validation phases each require L'Oreal to make an upfront payment and payments for certain deliverables. The Agreement contemplates that the parties will negotiate an exclusive commercial supply agreement, which will include customary licensing and royalty terms. The parties have not disclosed the commercial terms of the Agreement."