NanoViricides Inc. (NNVC)

[janetbg2]

Posted by: trendytrendy
In reply to: janetbg2 who wrote msg# 6740 Date:9/3/2007 1:47:25 PM
Post #of 6741
However, personally, I want to see higher prices. I'm hoping you wish for the same...

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Of course, I too hope NNVC stops dropping, as I've repurchased shares at a price significantly higher than where we are now.
I've already lost more than 1/2 my money.
However, "hope" doesn't work well on Wall Street.
So, although I may be "hoping" the price reverses and goes up, I am somewhat dubious that such an event will occur.
A while ago I'd previously posted that once NNVC broke 0.65 (which I considered to be a strong support level), anything below that would signal a "freefall".
My premonition was correct.
I know from previous experience with penny stocks, that things can, in fact, get worse before they get better.
You think 0.45 is bad?
Ha! I shudder to think where this "could" go, IF we have a major market correction.
If 90% of DOW stocks go down, and 90% of Nasdaq stocks go down, surely, you don't expect NNVC to go up, do you?
I realize these are not pleasant things to think about, but that's the reality of the stock market.
Especially when you're dealing with OTC or penny stocks.
All bets are tenuous, at best.
I'm sorry to say ...