The last MACD buy signal moved us from $.50 to $1.67. Hope we get the same percentage rise out of this one - if so, we;re headed to $4.50.
Sentiment: Strong Buy
It will take a long time! After the first "death cross" when the 50-DMA fell below the 20-DMA, we've lost 45% of our value. If another death cross is generated with the 50- falling below the 200 expect to shed another 40%. Nobody and I repeat - nobody is buying this stock!!
Totally agree - a broken stock. At this point the main question to be asked is how much lower we go? Now trading at $2.11 pre-reverse split - a total disaster. When you have an equity get sold off this hard with so much technical damage inflicted, it literally takes years for it to recover....
I was not implying that AVXL was headed to $18. I was simply implying that when the vast majority thinks one thing, it usually turns out to be just the opposite. All of us here believe AVXL has high potential. I am simply suggesting to contain your bullishnss!!
I heard this same sentiment on NVIV - with posters saying "nobody owns enough NVIV." After a run to $18, in the last three months NVIV is down 50%....so while we all think there is hopefully unlimited potential in AVXL, my suggestion is to calm your enthusiasm.
Sentiment: Strong Buy
Before this biotech implosion started we were already down 45% from our June highs. Shorts started shorting NVIV three months ago well before the implosion of the last 2 or 3 days.
A few weeks back, I think I predicted something like a downside target of $12 and here we are today in single digits. Short interest continues to rise and is now 3M shares. Shorts are winning this battle hands down. Do they know something we don't?????
Could I please get a show of a hands from those of you who thought it would be brilliant idea to be short the UVXY? Mark this post. The Dow is vulnerable down to 12,379. If I'm right, UVXY goes to $200.
Anyone short UVXY has a screw loose! This market is going to "cascade" down like you've never seen before. The Dow is vulnerable down to 12,000. Buckle your seat belts and like another poster said - "if you're long UVXY, you're in good shape."
None of us know the real reasons NVIV is down. Maybe it's all technical. Maybe it's the stock market. Maybe it's something we don't know. What we all know for sure is that NVIV has been a real dog over the last couple months. What is really disturbing, however, is the stock is down significantly in the face of nothing but positive news. Hopefully, there's no negative news out there but given the stock's horrid performance with all the positive news, help us all if we actually get negative news!!
Short interest is now 2.7M shares and has risen every reporting period since last April. Maybe the shorts know something we don't.
I've owned NVIV for over three years so I'd hardly say that I've traded the stock. As an investor in the company, I have every right to gripe, complain and #$%$ as much as I want to when the share price is down 50% from recent highs!!!!
The Dow is up almost 900 points in the last two trading sessions and NVIV is one of 5 or 6 stocks of over 100 that I follow that are in the red today. And that’s after almost a 50% plunge from recent highs. Has to be a negative out there that we are unaware of! Something ain’t right in Dodge City!
One of the most difficult elements of investing has to do with divorcing ourselves from the "story." I'm not saying that NVIV won't eventually become a very successful company but I can tell you that over my some odd 40 years of investing that EVERY time I've paid more attention to the story rather than the technicals - it has always cost me a lot of money. Since last June, NVIV has issued five different sell signals. In late June it issued its first sell signal when it closed below the 9-Day Moving Average around $17. The most recent sell signal was generated yesterday when NVIV closed below its 200-DMA which is most always a bearish indicator. You'll drive yourself crazy if you try to rationalize why this is all happening. The main takeaway from the decline in NVIV is that if you take sell signals for what they are and sell the stock, it will most always save you a lot of money and isn't that why we are all investors? We all want to try our best to maximize our profits and limit our losses. Adhering to technical analysis will help you accomplish these goals.
Let's all forget about the fundamentals for a second, as everything we have seen to date, everything that has been reported to date, indicates the fundamentals are strong. However, technically speaking, we are dealing with a broken stock. With the exception of a couple days ago - literally every day for the last three weeks - NVIV has traded lower - not just a little lower but almost every day it has set a newer low - just like today. I don't know what it is going to take to turn this stock around, particularly in a declining market but before it happens, we're probably headed to single digits.Today's close was the lowest close for NVIV since March 19 - not a good indication that we're headed higher any time soon!!
Look - any time anyone says anything negative (and I really haven't said anything negative - I've just stated the facts), for some reason it's construed as bashing. I'm long NVIV but extremely frustrated with the fact that it's down 40% from its recent high.
"Mike hasn't been around for a while" Did you ever consider the fact he got smart and sold his shares? How the frick do you expect everybody to settle down when NVIV has been plunging - down literally every day for the last three weeks - every day setting a lower low. No one can relax under these circumstances. News probably won't even matter any more.
Problem was it never made a breakout above $18 - then a double bottom sell signal came when it closed below $14.50 and it's done nothing but go down since the sell signal when it closed below $14.50. Like I said - management needs to step it up!
What many of us longs on this board thought was the "Holy Grail" of SCI has turned into a disaster. Now down 40% for its high less than two months, it's way past time for management to deliver some news to keep our ship from officially sinking!