NanoViricides Inc. (NNVC)

[I Need Help]

newbe03, some thoughts from the sidelines:

Your post:

noretreat and other gurus, any insight on what the support/bounce areas are for this move ?

Despite the 10k disclaimer statements, the potential for a near term big move up upon beginning tox is intriguing. recent moves do point to something about the tox begin brewing in the short term..

Personally, I have been trading NNVC with very limited amounts and taking fast gains. Currently, I have no position, as I have found better investment opportunities elsewhere. But, if I had cash available, I would have taken a position at $3 this morning. At minimum, I would expect an abbreviated dead cat bounce.

For the patient investor, I think current levels are fairly secure; however, I think there may be one more leg down to the $2.71 area.

I agree with your assessment, there is probably more than rational pessimism at play. NNVC approaching the fear level, and that usually means BUY. I also think positive news will jettison the stock very quickly. There is a fair possibility for this. Seem that Dr. Seymour is being very guarded and cautious in his public statements.

Bottom line, I think NNVC is at or near bottom. Could be another 10% to the downside. The upside is much, much more. For the prudent trader, it would be wise to wait for the appropriate buy signals. Would look for consolidation, then a high volume green day (40% above normal).

NNVC continues to be volatile and risky. But, much less risky than when it was trading at $4.50,a few months ago.

I still keep a close eye on NNVC, and believe it may be a rainmaker some day. Over the past several years, I have made a significant amount trading NNVC. I had a pretty sizeable position for over one year. Timing, timing, timing!!!