NanoViricides Inc. (NNVC)

[JG36]

The spike up into the high seventies last time (September 2012) was also due to fundamental news -- the announcement of the efficacy of oral flucide. That didn't stop the stock price from then sliding down for many months, getting into the low .40s before some market manipulator spiked it down to a low of 0.32 for a few minutes. When it had that September spike I said words to the effect that people needn't rush in to buy now, they could wait until the price got into the mid 0.50s again. I remember how the usual bulls dumped on me for that one -- how dare I suggest that the rally was not permanent! As it was, I was too optimistic.

We had a rapid spike up into the high seventies, again due to fundamental news. There's no guarantee that history will repeat itself but it might. Frankly, there's no particular reason for the stock to be at any particular price right now. There won't be *real* fundamental reasons for the stock price to stay up until at least the initial clinical trials have been carried out, and faith is replaced by knowledge. The true believers have already bought.