Long and gone,
No, actually they do mean something. The head fake to below the long term uptrend created some doubt that it was real in the eyes of some but 10,000,000 shares traded is nowhere near capitulation and as one big investor boasted on Twitter, he found a buying opportunity at $.59 and took advantage. We are now back on the long term uptrend as Sojourner55’s chart shows. I didn’t sell any stock on the way down because I am not a trader but I did buy some more below $.70 so someone else’s disappointment or quick trade became part of my planned for long term holdings. There are more like me out there locking up shares that would otherwise be easily tradable when news hits. More shares locked up when demand rises means higher prices. Folks are trying to buy back but tax selling is over and they are finding shares aren’t being added in the same as they were before because of some warrant conversions turning into available shares. With news expected this quarter we are in the 3 month accumulation period sweet spot that the “smart money” likes to take advantage of and the 4.5 month period of folks adding to Roth IRAs. NWBO will be reporting increased revenue from the Specials program from the first quarter in their 10Q. That will stir things up all by itself but if that comes on top of TLD and journal article news then that’s icing on the cake especially for any folks that might want an excuse to hang onto shares they might otherwise need to get off the books by the end of the quarter. Best wishes.
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