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It assumes P/E ratio. Which may differ enough to significantly alter the "prediction". It may turn out that $100 is too low for those parameters. It may also be too high.
When I calculate "conservative" numbers I prefer to err on the side that says $100 is too high for those parameters. That has nothing to do with whether or not I think $100 is "reasonable" for those parameters.
That was what Doc FG threw out there. Along with some other assumptions in looking for $1000/share down the road.
If you consider those conservative then use them. If not then don't.
I prefer to be pleasantly surprised if my lower expectations are exceeded.
The interesting part was midday. Don't use candles when the tape is talking.
The time has come for a stock to run
By the ticker of NNVC
Heaven forbid my shares I should rid
If the stock were to make it to 'Three'
The usual.
Dr. S sounds quite optimistic but non-committed. How to read 'before making the acquisition' is open to misinterpretation. It does sound forward looking but clearly does not commit to action nor a time frame.
I agree that the spin around here is enough to do your wash in most days with a little soap and water.
20K shares into a lineup of MM's at 1.30 at open is not a bear attack.
Hard to know how much it moves until it does. It has the potential to get the stock uplisted.
That's why I have some for core and some for trading.
I do have some thoughts.
There are several strategies they could use in the release of data, if they use any strategy at all. It seems like they might. There is no reason to speculate on releases unless they are employing some kind of strategy.
I'm going to base my action with that in mind.
The three-letter announcement should be weeks off but again, who knows?
Hard to know if there will be a release between now and Monday AM.
Do what you need to do. I have enough shares that I can wait but may add before Friday close.
Not worth much. People who buy the report will be exposed to NNVC.
Probably better than being exposed to herpes.
A nice mention in a herpes report PR. (hat tip AllAllan)
http://www.prweb.com/releases/herpes_simplex/virus_treatment_HSV/prweb8257847.htm
The follow through this morning was weaker than I had hoped for.
Down to core in one account and core + small position elsewhere while evaluating.
Nice trade. Still have more than the core but no extras.
Good question.
Patrick's language almost came right out and said "buy now".
That should be worth something. I trimmed down to a full core and trading shares plus extras. Got rid of the extra extras. lol.
Looks like the nibbling has started?
Has Patrick done it again?
It was mostly to do with participation patterns within the swing zone. I'll hold on to the 'conclusions' for now.
Right now things are 'normal' and there is acceptable volume.
The Level II has been interesting today. Unusual activity patterns.
Maybe we are too demanding and the world will unfold at its own pace.
Very nice results!
Have a great weekend everyone!
Let's hope for a PR next week.
Anecdotal observations over long history are not without value.
I'm pretty sure you misinterpreted what I said.
Exactly! The lower limit seems to be 1.33 or 1.32 which is pretty close to SS88's cost on the last batch. Although I have no idea who MITR is selling for.
It's amazing how much can be extrapolated from less than 20,000 shares volume just before 11 AM.
Then you assume there will be suitable price action for day trading tomorrow and that there will be day traders.
Not what I would assume but you are entitled to your opinion.
I can't make heads nor tails of that.
A swing trader is not a day trader.
I swing trade this stock and have day traded a few times. The volume and price action is not suitable for day trading long.
I haven't seen price action conducive to day trading from the long side this week.
I agree that the close Friday should be above the 1.20's.
If there is no PR next week the 1.20's are to be expected.
No, I don't. My other assumptions are also more conservative. Making a point about one item does not mean I accept all the rest.
The upside potential is more than enough for me to hold a core position.
150 million shares? That is a bit rosy unless they buy back a bunch later on.
Some forms of TA are not well suited for stocks that don't have broad participation, high liquidity and large market caps.
Nice chart.
I will take that into account in evaluating the value of your opinion on other matters.
Thank you for the clarification.
Are you making that trade?
I wonder what level of knowledge you speak from, sir.
Apparently not.
Need some news.
The only pattern this stock has is news driven. Most TA does not apply well.
It is at the top of a support zone that should hold this week. Next week may be different if there is no news.
I make more than my share of mistakes. Thank you for the kind words.
Feelgood is expressing what seems like a general consensus about the company. It should have some value looking forward.
I think it is interesting that you have presumed some things that I have never stated.
It is always valuable to see how someone else interprets the things one says.
So close and yet so far away.
The progress has been significant and yet still short of talking to the FDA, much less filing.
In my opinion 5$ is not realistic nor reasonable this year. In the meantime it is all pops on news or pumps and drops on lack thereof.
I have no idea what you a referencing, could you explain?
My comments were a rebuttal to 'nervous chatter'.