Organovo Holdings, Inc. (ONVO)

[rumper]

I Think a Bear Trap Has Occurred!

Look backwards from the 3.29 low, on 30 mar
it seemed to go down almost everyday for a
month.

This corresponds to the 3/13 to 3/31 period,
when about 3 million more short positions
were added.

But the 30th was the day of the low,
and the period ended on the 31st.

The following 9 days we recovered almost
2 full dollars, depending on what number
you use for yesterday's high.

So, so far, it's rising faster than it went down!

This is exciting.

I think yesterday's, EOD activity, was a margin call,
and a forced close out of a short position.

If the shorts are burning through their margin,
and are getting margin calls, we will see these up spikes
again and again.

In the old days you would look for volume for confirmation.
But I think the algorithms mask, or distribute the volume
making volume a much less reliable indicator.

We'll see.