Organovo Holdings, Inc. (ONVO)

[WHP03]

Is there support at this level ($3.80) looking back towards July 12-13 when the stock faded a bit before climbing to the recent high? The next blip down is about $3.10 and then the 200 DMA of $2.88. I remain a believer and ready to go (buy more stock) when the selling reverses for 2-3 trading sessions. In the meantime I am buying and selling options. The long-term story remains intact.

Recent move from the relative high of $4.80 to $3.80 is roughly 20%. From today's low back to $4.90 would be +31%. For those truly controlling these moves - that's a nice move down and up (50% in total). We'll see if they're just as motivated to take it up as down... there is a growing short interest.... will be interesting to watch.

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