Organovo Holdings, Inc. (ONVO)

[Tim501]

A 33700 block traded at 6:32pm ET at $2.50 after hours today. Impressive breakout above $2.35 today and for ONCE the stock held on to its gains. I've been buying a little each week since the New Year. I think once the news starts, if it ever does, it will be big including new/expanded partnerships, potential new stakes in ONVO taken by a bigger firm/partner, the first news on their new drug discovery side (that killed the stock when they raised the last round of cash to fund), plus news on the liver rollout which unlike kidney will lead to bigger revenues. I have been looking at the 5 year chart and thinking $2 or so looked good earlier this year (hello insiders!), plus the shorts would have to start covering once firms started upgrading (admittedly from sell or worse ratings) and it became clear the stock had bottomed.

ONVO has the potential to be a huge money maker and since everyone had left them for dead around the New Year, I felt maybe that was the time to get back in. This platform technology has the potential to be a $10 Billion or more offering but execution is key and lately -- we've been suffering in silence.

Could that be changing soon with today's run up and breakout hinting at that? One long here can only hope.

Tim