Agreed. Th ecent offering hasn't completely worked itself through.
And, the Greece "crisis" (mostly a minor blip, imo) is having it's outsize effect on world markets now. When this turns around (days/week?), the markets will reverse dramatically. Get ready.
reilly: You and others are the detail guys. I'm the big picture guy...
So it is ordained! lol
profiteer1 • Jun 19, 2015 5:23 AM
hj: pps may even fall into the mid-to-high 3's today. If it does, it should be for a very brief time (i.e. minutes, hours). Then, either massive buying will happen or it will stay in high-3's-low-4's to finish the day.
And, I believe the pps dipped in that time frame to sub-4. But, a week later (Fri 6-26), ONVO closed at 3.93 again.
I point this out not to pat myself on the back, but to illustrate that I've seen these secondary/capital raises before. This is SOP with these financing deals -- underwriter and other big money guys get the terms set up in the issuance documentation. (reilly has posted about this too -- maybe others, but I've been busy this Summer so I haven't read all the pertinent posts for quite some time)
This financing effect on the pps will clear itself out in due course. But other macro-economic issues both domestic and foreign have to be taken into account in this current market. This will effect the overall mood of the market, and thus have a positive or negative impact on it, in general.
Also, small as it is, Greece is having an outsize bias on word markets. This morning, Merkel and other EU PM's told Greece they had until the end of this weekend (Sun, 6-28) to accept the IMF terms or else. Well, after work today, I read a story that Greece (through Tspiras, the PM, I believe) said, #$%$, we'll give you our umpteenth proposal by next weekend (Sun, 7-5).
So, I ask you. What will world markets do when markets open Monday? Anybody's guess.
Bottom line: It's often difficult to predict what an individual stock will do from one-week-to-the-next. But I can say with certainty that ONVO will pull out of it's temporary slump within the next few weeks/months. In the meantime, if you've been considering adding to your ONVO position, then, by all means, think about finishing it in this period. I'm hoping double mine in the next weeks. GL
I just got home a little while ago, and noticed ADRO and ADXS got hit pretty hard today. Biotech sector? Immuno stocks in particular? Other factors too, such as Greece, etc?
Just putting that out there.
cjg: I think most of us has our own "Netflix-like" stories. I know I would be a zillionaire (or something like that...lol), if I made the right decisions at the right time.
That said, ONVO represents a great opportunity for scientific advancement and financial reward. Therefore, I'm adding shares as fast as I can given these relatively low prices due to the recent capital raise. GL
jr: When you learn how to spell, investors will take you a bit more seriously.
Until such time, I have grown quite tired of your posts, so to the "ignore" corner for you.