The expectation is for another 450 S&P points down. Another expectation is watching from the sidelines of the first 10% of that move, which is where the market may be currently. A close this week below 831.32 creates the first red bar of what should be a tsunami of red bars on the above Weekly S&P chart.
Expect a head fake, or two, or ten, before the real decline begins......
Or not.
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17 comments:
Allan:
since NNVC made a high of 1.29 a couple of weeks back, it has been slipping and sliding now back to 0.58, what is going on with NNVC ???
I believe that this company is for real, that it will be front page news, eventually and within five years every 10K shares of NNVC will be worth $1M.
That is my operational premise and it leaves day to day fluctuations in the dust.
Allan, one issue, is you have given 'according' to the chart expectations on NNVC, which have not come to pass. Why, do you think the chart for the company does not lead to anything?
No doubt many folks are realing in the hole here. I know I am.
This is a longer term buy and hold, nonetheless, I am as surprised (and disappointed) as anyone that $0.70 didn't hold. I was buying in the mid-seventies.
The upside is so huge here, there is no way in hell I am going to be shaken out by shorter term fluctuations. I'll ride NNVC to $100 or more, or to zero, as long as the story remains in tact.
I follow the story daily, if anything changes, you will read about it here. For now, the company is running hard to get their novel technology into the mainstream and they are making great progress and inroads to that end. Market cap and share price will follow.
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Anonymous,
A response to a similar question such as yours was provided by Dr. Feelgood this past Monday, over on the I-Hub Blog.
It reads: "There are about 60 million shares in the float", "Compared to the volume of nearly all other issues with a similar float, that is the smallest fraction", "The fact is there has been very little selling, and the current 1.8 million shares being liquidated by TheraCour to raise funding for the production expansion represents the greatest selling pressure in the past year, and then it's but a fraction of the usual volume for companies with 125 million shares outstanding". From Feb. 12th up to May 07th, TheraCour has liquidated 358,500 known shares. This amount is according to their filings.
Allan:
is any of NNVC drugs in Phase 1 yet ???
How long does it take to go through Phase 1, 1-2 years ???
If we're all in it for the long, I'm hoping the .58 stays until tomorrow as (thirsty) Thursdays are my buy days!
Penn State, what are 'buy' days ???
how many shares have you accumulated and what is the average ???
Allan, have you heard of a company called Biocurex, which supposedly has this thing called RECAF which can identify cancer cells
http://finance.yahoo.com/news/BioCurex-Announces-pz-15099836.html
I have found the best way to play a stock like NNVC is when the stock reaches a double sell half the shares and hold the remaining half (free stock) for the longer term if the stock is worth holding long term. NNVC recent high of $1.29 should have been a double for many people.
Anon,
Buy day = roughly the day I'm going to buy something
Share #, I'm not saying. Average, .59-.73 ea. Wish I woulda known about at .08 each...would = no more buy days.
I don't know whether to praise you or hate you. I bought NNVC at .80 cause of you. I sold it at .67 and bought FAZ calls because of you. I lost almost 20% because of you. I made 50% because of you. You and I...we have a love hate relationship.
Allan,
"I'll ride NNVC to $100 or more, or to zero".
Let's hope it's the front part of your statement and not the latter. In either case, when the time comes for hands to be folded you can only take with you, that which you gave away.
Form your own opinions on NNVC people. Sometimes these stocks simply wither away and drain your funds relentlessly. High reward, high risk, no matter what anyone tells you.
I bought my NNVC at 1.20, now I am down 50% !!!!!!
I don't know whether to praise you or hate youIt's not about me.
It's about you.
The concept is still buy low, sell high right? Buying in at $1.20 when speculation and panic is high is not a great idea unless you really feel you missed your window. In which case other biotech stocks were doing monster gains that Monday, well above what NNVC was doing.
Pulling the trigger and buying when nothing is going on can be tough. But disciplined investing would have you understand that it's the right thing to do if you're into something that has a 2-10 year window of growth ahead of it.
Personally, I don't understand the buy high, sell low and complain about it. Those $1.20 shares of NNVC would be just fine in a few months or a year or two. It's not always about trading, sometimes it's about investing.
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