RE:What's up?There is a lot to be said for a carefully worded news release so with that idea in mind, your post amuses me nopoo. I also sense that there is something going on in the background that we might not know about, and this based on what we read from the last presentation in California recently. I believe that Sernova leads the field and for some reason, J&J chose to ride in the cheap seats. I also think your price call is accurate enough. After a decade of participation in this, a few months of extra wait time will indeed make the whole story sweeter, whenever it shows itself.
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I asked a favor of a technical analyst friend to look at the SVA chart and his drawings to it show a biased upwards trend to the stock price since 2009. Basically, parallel lines formed from the highs and lows from that time period between now and then. Between the highs and lows is a mid channel line in the middle between the highs and lows. Also, around January 2015 a line drawn from the lows of then until now also show an upward trend and something that I interpreted to be this head and shoulders pattern as I suggested to my friend on the board here so, basically, we are now bouncing of that mid channel low that we have seen recently at .22 or .225. The analyst friend suggests that the T/A is showing a potential breakout. The friend on this board was calling for a stock price drop to .20, so ........ Close enough!! (in the big picture).
Now, based on T/A friends analysis, we either break out or go to the .20 price, arbitrarily, and if stock price gets there then we likely will go down to the bottom channel line that will put share price in the .15 cent level or lower. To go to the .15 cent level or thereabouts can't happen in my opinion because of what we know from bits of factual info shown to us from the reporting of other board members, nopoo included, and writings from the authors who attended the California conference. The Sernova story is unfolding to the point that large pharmas are now taking an interest in this company for the first time in their history, for what they have. No way, from here on, will we see anything holding lower that .22, in my opinion. .............. I hope I have made my words clear to express this opinion but basically the facts of the story and the chart technical analysis show us to be on the cusp of something very big and exciting and rewarding. And pretty soon by the feel of it......
my thoughts
Good Luck!!