Navidea Biopharmaceuticals Inc (NAVB)

[ozarkrunner]

Correlation? Neop. has been a great teacher in market sentiment and true value of a stock. I recall years back when everything was going against the company after Rigs Phase III was rejected by the FDA. If I remember correctly the price finally seemed to have hit a resistance level around .32-.34 cents a share. That was near what I call a bankrupcy level. Bleak with no current prospects. Then came the announcement that they were selling the probes and the stock moved back up toward a dollar. However, over the next year or so the stock reverted to its now familiar pattern of drifting lower on little news. I really started to pay attention to it when the price drifted to below it former bankrupcy level of .32 cents a share. It dropped to .30 and .27 and .23 and .18 all the way down to .05 cents a share while it had actual revenues and rumors of distant products in development. At this point Nirevana hit me and I became enlightened. If a near worthless stock was worth .32 cents then pure brutal logic should dictate that this stock should be worth more than that amount. Emotion had taken over the voice of the market and was trying to dictate its price and not sane judgement. So I started to accumulate insanity from that point on. Correlation? There is only correlation if the players in the market deem it so otherwise emotion rules. Thanks Neop. for teaching me the most valuable lesson that the market can teach and can make you independent.