$heff's $tation of $tocks & $olid DD

[barefootrunner]

$heff - with NVLT (1.77) I would appreciate your comment on couple of items:

1. I see that you took a position at 1.97. From a technical perspective, the stock was overbought at this level and was proven by the retracement that occurred over the past couple of days. Do you feel so strongly about the outcome of Phase III, that you took a Buffett-esque approach and didn't worry about your entry point?

2. A lot of people are drawing analogies between PARD and NVLT, including the illustrious Adam F (who single-handedly tanked ANX today). What are your thoughts on this? I know PARD used chemo OR Picoplatin and NVLT uses chemo PLUS NOV 002 so it is not an apples to apples comparison , but it does merit consideration.

Full disclosure - I took a position in NVLT at 1.79 today. I think its a risk, but the reward could be enormous.

Thanks in advance for your thoughts!

-BR