Look folks - everybody needs to relax. . In looking back at previous press releases one of them said that unless there were "dramatic" results there would be no update.. We got "dramatic" results with Jordan therefore the update so we may not get an update on Jesi. Safety is a foregone conclusion now. Since Jesi's implant came a day later than Jordan's because of her severe injuries, you have to wonder if that extra day makes a big difference or if it also makes a big difference if the implant is higher up in the spine. Anyway we probably won't get an update on Jesi because there have been no "dramatic" improvements. Everyone needs to remember this is a safety trial and so far we're batting 100% - can't get much better than that...so onward and upward. If more want to sell today because they don't understand what the heck is going on, let them sell and those who understand should use any further weakness as a buying opportunity! End of discussion.
Bottom line is the company needs to get out in front of this - screw what everybody else has said or hasn't said about Jesi's condition. We need something from the company on what the heck is going on and we need it tomorrow. So far management has done a terrific job on keeping shareholders in the loop. I'll be extremely disappointed if they don't release news first thing in the morning!
NVIV became marginable on Friday when it uplisted to the Nasdaq. One of my accounts is with eTrade and eTrade now lists NVIV as a marginable stock.
With all the positive news from last week - 2 new hospitals coming on board, Jason Nap's extremely bullish report - and our stock trades lower. We're now trading below the 10-DMA which makes us vulnerable down to the 50-DMA at $2.49. With the RS coming up in two days, I'm concerned. Hopefully, the next move is to new highs but positive news doesn't seem to be helping.
Well looks like you're reading your tea leaves wrong! Check out stocktadotcom where the technical analysis web site has "Overall Technicals" - "Very Bullish" which includes short-, intermediate- and long-term.
With all the good news we've had in the last week, today's weakness is NOT appreciated!! Will the negative connotation or a reverse splin - no matter how good the intentions - come back to bite us in the rear? I hope not!
Doesn't look like a positive close is in the works for today. Still can't believe we're not at new highs with all the positive news of late. There seem to be a significant number of investors banking on our stock trading down from here. Maybe that's the problem - folks are shorting. According to the last reporting period, short interest increased 50%, increasing from 1.8M to 2.7M shares.
Somewhat depressing with all the positive news in the last few days that NVIV can't breakout above the $3.00 level. Thought for sure the update from Jason Napodano would bust us out to new highs. DIdn't happen and still struggling to get through $3. What's it gonna take?
How many "cured paralysis" - zero. Look - I'm all on board the NVIV train but you are way ahead of yourself to say NVIV has cured paralysis. Do you think NVIV's CEO would make a statement like that after a two person trial and so far the company has only given us details on Jordan.
Yep. I've been long since almost 3 years ago but took profits in the $5's when Frank Reynolds was selling between 4k shares and 12k shares each and every day. Just didn't like the smell of things. Re-entered the stock last October below $1 and have averaged up since then. Love the company now and love the progress they've made.....but I DO NOT LIKE REVERSE STOCK SPLITS - no matter who the company because you can try an rationalize all you want but reverse splits carry a negative connotation. I'm hoping for the best here and hoping this one works. All I was trying to do was to give just one example or a recent reverse split that has gone nowhere.
Look - this example was in no way meant to compare the two comapnies. The points you make are valid points.
Your point could be the case but we just don't know.....the good news is this.... NVIV's share price hasn't sold off much after yesterday's announcement of the reverse split. Yesterday's trading low of $2.60 proved to be a buying opportunity. Let's hope it stays that way!
All I'm doing is giving you a recent example. If memory serves me correctly, INO was already listed on the Nasdaq and their main reason for the reverse was to attract institutional buying. Their share price had been trading in the high-$3's before the reverse was announced. When the company announced the reverse, investors sold the stock and by the time the reverse was effected the share price had declined 40% and still hasn't recovered for the selloff after the reverse was announced.....again just an example indicating that no matter what the company investors just don't like reverse splits!
Those of us who are long NVIV and deeply believe in the company all want to try our best to justify why a reverse split makes sense. We're all hoping that one day both Jordan and Jesi will be walking and we're hoping there is plenty of good news in the pipeline....so with the good news that we're all hoping for would that not have been enough to push our share price well above the $3.00 level for a period of 5 consecutive trading days? If that's the case, why a reverse split, particularly given that reverse splits most always are perceived as being negative? Tough question to answer!
Let's look at another company trying to accomplish the same objective as NVIV. Last May Inovio Pharmaceuticals (INO) effected a 1-for-4 reverse split. INO's main reason for the reverse was to get their stock in double digits so that institutional investors would start buying. Much like NVIV, INO's share price had been trading around $3.00. From March through April of last year, INO's share price had been near $4.00. The 1-for-4 reverse split took effect on May 23, 2014. On May 22, INO's stock closed at $2.20 so after the reverse on May 23, its share price started trading at $8.80.....ten months later on March 24, 2015 INO closed at $8.73 after closing as low as $6.33 on Feb. 25, 2015.
If management had used INO as their prototype, based on the 10 month performance of INO post reverse split, what do you guys and gals think would have been NVIV's decision about a reverse split? These are the facts and while we all want to try and justify why it's going to work for us, you just can't avoid the fact in most cases reverse splits don't work. I for one wish management would have left the stock alone!! With all that said, I'm still long and strong NVIV and hoping for the best!