Monday, August 10, 2009

Following up

Here is a continuation of the 60 minute Renko SPX chart from Sunday's post, updated with Monday's trading:


Going into Monday SHORT, the chart flipped LONG in the last hour of trading. Note how the False Bar Stochastic is about to trigger a BUY signal.


On the other hand, the 3-Line Break Point chart held SHORT all day:



Below is by far my favorite chart of the day, NNVC 90 minute:


At the close Monday, this chart gave NNVC a Wave 5 target of $1.85.



A

14 comments:

David said...

Hi Allan,

I've been working with Renko charts to trade the ES. In eSignal, I've tried .5, 1 and 2 for box sizes and various indicators. I did find something you might find interesting. There is a study in the file sharing section on their site (eSignal) called ATR_TrailingStop.efs. It's set up for back testing but you can edit the code to make it work in real time. I've set it up with Renko box size set to 1 and then set the inputs of the ATR Stop to 7,2. If you're interested in playing with it let me know and I can show you what line to edit in the EFS file.

DrFeelgood said...

That is one beeeeyuuuteeeeful chart.

Today's PR, like so many of NNVC's, was even more significant than the market recognized. IMO, the PR signaled:

1) There is a new application for nanoviricides that came out of testing for eye herpes. A 4 log reduction is completely off the chart for a non-toxic antiviral. There just isn't any comparison with any other anti-herpes treatment that won't look like zero impact when compared to a 99.99% reduction.

2) Herpes is a topically treated disease. Topical solutions that show no alergenic or toxic effects on skin and soft tissue has a greatly reduced clinical study time line and protocol. It will fly through the system, provided there are no setbacks in testing, and there have been none so far.

3) The study was done at a veterinary school. After the completion of animal testing, the IND goes in two directions: FDA and the USDA. Animal use is even faster than FDA approval for humans for a topical treatment.

4) The tests came out of keratitis testing which means to me they used essentially the same drug against HSV-1 and HSV-2 that they used against EKC/Adenoviruses. If true, and I'm fairly certain it is the case, that means the same drug can be used to treat not only all viral pink eye infections but for all herpesviridae infections.

5) We can add another $2 billion to the ultimate valuation of NNVC, or 15% royalty yeilding $300 million revenue, or $9 billion market cap at 30 times earnings, or minimally $75 a share, or at 20% royalty ~$100 a share. And, that doesn't include Ag use for herpes and viral keratitis.

Allan said...

David: Yes, I'd like to play with it, apharris@mac.com


Dr. FG: You're making my $100 in five years look way, way, way, too low.

Anonymous said...

Sure would be wonderful if NNVC really did get to $100. a share with no RS, in 5 years. Now, if only the dollar has some worth and loaf of bread does not cost $25.00 in 5 years. LOL

whatisYourRate.com said...

did everyone see this yet? NNVC and LSU on the news talking about the results! this is amazing and huge for us. once this gets on the national news this stock is going over $5 real fast.

http://www.2theadvocate.com/news/52955807.html

Anonymous said...

I know Alan posted he did not think NNVC would sell off again, but alas its doing it again..one chart that does not follow a trend is NNVC. IMO,

Dave said...

Even so, this may be a good opportunity to pick-up some more shares on the pull-back. I know Allan isn't but others might be day-trading NNVC. You think? As long as the zig and the zag continue to point ^ we'll be fine.

Anonymous said...

Hey, Allan did you see this : http://www.2theadvocate.com/news/52955807.htm

Allan said...

Yes, saw the report, very exciting. Imagine what price per share does after a similar report appears on NBC nightly news, or on CNBC. This is why I don't trade around with NNVC. The slingshot can be triggered at any time, day or night.

Burnhard said...

Damn...my post didn't make it. Did I offend you? Sorry...

Allan said...

Burnhard: I've not rejected any Comments so far this week, so it must not have got posted.

PS: Only the most vile Comments get rejected, or if it is obviously blatantly provocative comment full of misrepresentations or personal attacks, which come to think of it, falls into the vile category.

abot said...

Will this time it be different? So far yes. NNVC down only 1% in a nasty down day after 30% up?

Anonymous said...

Can't break through to the NNVC IHub board. Interest must of crashed it!

Anonymous said...

I thought only me can't get in through i hub