Organovo Holdings, Inc. (ONVO)

[wiredawg]

I hear you...been in this one awhile now, too. This is "Vegas money"(money I can afford to lose) play. Started waaay back in 2012 under $5 then sold half when it got to 10...my basic strategy for speculative plays...buy some then sale half when it doubles. Then watched it drop under $2. After watching it hover around the $2 range for awhile I decided to buy more increasing my position averaging down...since, I got my original investment back. Watched it ride to about $10 again and sold-off half again...then watched it start sinking again...then sold my entire position at $5 in early 2015. Bought back in @ $2 in mid 2015 and sold half at $4 (my rule of thumb) then watched it dump again...and finally sold off at $4...the past summer. Really, I wanted to be long on this stock but its just to dang-on volatile and what makes me nervous is, 'can they survive as a company long enough to make a profit' and it doesn't seem as though anyone wants to buy them...and what they do is waay above my head....don't really like doing this...but its so dang intriguing...so, I don't know. But it seems $2 is the bottom range and if it gets there again I'll definitely buy again...though, I do think this is a really long term spec play..buy low, accumulate low and in another 10 years they may actually become a game changer with the bio-tech indutry. Again, today still a spec play...