NanoViricides Inc. (NNVC)

[I Need Help]

Found an interesting article, "NanoViricides Sees Significant Short Term Intesest (NNVC)", at WKRB News & Analysis web site:

http://www.wkrb13.com/markets/365383/nanoviricides-sees-significant-growth-in-short-interest-nnvc/

As an investor, I generally like to be going in when others have already established a large short position. I say generally because there is proper timing and other considerations. But I recognize that when shorts position incorrectly, they often create an upside spike when trying to cover (short squeeze). The article is dated 8/29/2014 (last Friday), and states that 9.8 percent of shares are sold short, with 9.7 days to cover.

I am not a short interest expert, but 9.8% of a company with a low float, and 9.7 days to cover could be very problematic for shorts if events turn on them and they need to cover. Very good news for longs.

I recently started a trade position at $3.87. I've been watching the trade, and I liked what I was seeing on Friday (29th). Whenever I start a new position, I keep a tight stop just in case. But, I am enticed by the low stochastics (8.61), and the price being at the lower Bollinger band level. I also thought for the Friday before the Labor Day weekend volume looked pretty good.

Friday's trade was a little volatile, $3.85 to $3.98 back down to $3.85 before closing at $3.92, with an afterhours trade at $4.00.

Still a little cautious here, but may be worth keeping an eye on.

I am anticipating news this month.

A little dated, but here is the link to the IAIR interview of Dr. Diwan. He's asked good questions. Check it out:

http://www.iaireview.org/scheda_video.php?id=28

Just my opinion, Dr.Diwan comes across as one smart cookie: