Replies to post #426 on BioNovo, Inc. (fka BNVIQ)

[piano benchpress]

I concur. Sounds to me from the cursory read of their filed documents today that this is another dilution. When this hit .38 I was long since out. I don't see anything in their pipeline that is even close to a phase III trial. Please correct me if this statement is inaccurate. IMO there are plenty of other biotechs with more promise where one can put one's funds in lieu of having them languish. Very disappointing. If this retreats more, as I think it will, I will find another point to reenter. Until then - GLTA to all BNVI longs.

This is not an endorsement to either buy or sell BNVI as should not be construed as such. It is my opinion only.

[Renegadesoffunk]

Definitely agree with you in having stop loss in the market. I personally with this stock have thrown them out the window. The upside is absolutely enormous and what most traders not investors do not realize that the reverse split talk is necessary. Bionovo in their last 2 conference calls have fielded questions about this and they are adamant about staying on the Nasdaq. Anyways a R/S is the last option if faced with delisting. In case anyone hasnt noticed they just received their extension. We have 6 months to get this back on track. P3 is starting and the first news report will definitely send this back into the 60s or 70s in a flash. A few longs defintely bailed yesterday really hurting the pps, I look at it as a huge buying opportunity for new investors, I cant believe the opportunity is there at this price right now. Today could be tricky, I would watch it closely if you are in a buying mood. Personally I think a small dip in the opening minutes, a couple cent jump then, then trickling back down towards the final hour and then bets are off in the witching hour. Best of luck to all.