Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 200.03

+0.8%

9:57 AM EST

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Zen Dollar Round

From: Trader J	7/12/2013 1:40:13 PM
	1 Recommendation Read Replies (1) of 56532

ONVO: We are close to reaching the 52-week high resistance point. .05 away as it trades now. I fully expected the stock to pressure the $6 mark but that is solely based on the opportunity for ONVO to trade on a senior market. I can't say that I'm confident that it will hold this level without news that generates momentum ... or at least confidence. As it stands, they are still a micro cap company with an amazing amount of potential. But until we get more top line growth via partnerships or licensing, they are still going to burn cash, have more outstanding shares than I'd like to see and not much has changed from before their listing. The move to the NYSE is huge, especially for legitimacy and my feeling is that over the long term, they will indeed be a huge winner, but we must keep logic in place and greed in check. That all said, my excitement for the company is only growing and I'm anxiously waiting further news and developments from their technology. Tj

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