Moriarity
The recent price weakness is a result of no information from Moriarity. Investors were anticipating a good positive writeup. At the beginning of his trip to visit Novo at the end of October he said he would provide an update when he returned. So far no update. The last update (due to the very small liquidity of the stock) caused the price to spike from 90 cents to $1.80.
The fact that Mr Moriarity has been back a week and has commented on 4 different companies since his return (none of them Novo), does not engender confidence in his finding out some encouraging information. If there was something good going on he would have written about it, like he promised. Bad or tepid news warrants no response from Mr M, which is what we've gotten....that's the fear now.
I think we continue to trend lower, on very low volume, as the weak hands bail, until we hear something positive from Mr Moriarity.
Icarus