Reviewing the history after this original posted article of 8-23-23, there are two key points that must be considered, especially for the new investor.. (I'm sharing what I learned by being burnt in the past, and have several scars to show how painful it was) 1st, only the chart is provided in today's post, no info as to why the OP thought back in 8-23 that this had a potential of popping 750%. Without that knowledge and info that came with the OP of 8-23, and using just the provided chart, there is no way to consider NRBO jumping 750% around the Aug 23 time period, the chart is more of a Tarot Card than a mathematical tool. ., which brings me to the 2nd point. The missing news this week on NRBO from Aug 23 is just as worthless without a complete chart and fundamentals, news is ALWAYS manipulated by greed and power, the tough part is determining how much BS and distrotion was injected in the reporting. News alone is NEVER a justified reason to invest in something. This post on Aug 23 and partially reposted this week is a perfect example as to why Fundamentals, News and Technicals are the diets to a healthy investment and gain, lack in any of those and it's gambling, using Tarot Cards, pure speculation. Who would disagree with me thinking that many who were starting out read the article and saw the chart and jumped right in and bought the stock on its high, not knowing the stock would tank the next opening and not recover for four months, losing 49%? Then they sold for a loss due to fear. Examine a REAL chart of NRBO of Aug 23, and it's easily seen that EVERY technical was bearish, there wasn’t ANYTHING that would cause even the beginner to buy this company during that time. The stocks CCI, Fast & Slo Stoch, VTX, MACD, RSI and were negative, AND ITS VOLUME WAS NEARLY NONEXISTENT, who was to say that any holder during a sell-off would be stuck with it forever, losing everything. Back to point 1, without NEWS or more information/fundamentals, one could not make logical decisions News and Technicals are Left and Right hands, working with each other, and the fundamentals are the electrocardiogram of the company. The stock this week went up big due a Phase 1 approval by the FDA. Ok, great, but it has a LONG way to go in testing, it has to pass two more phases, and phases can take YEARS.. IMO, this is now a good time to ‘review’ and maybe day trade this stock, put tight reigns on it. Also, for learning and education, watch it closely to see how it reacts over the months/years. Timing is everything with Pharm, there are many who buy and hold for YEARS, speculating that it may pop, when it does the rewards are usually huge. But this is not for the timid or those who can't afford to lose it all, and remember, only the insiders know what’s the truth is and when to buy/sell. It's ALL speculating/gambling with Pharma and its testing, but it can pay off big, but use ALL the info, not just a pretty chart. Good luck. Ps, news always trumps technicals,
RAC52
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@RAC52, the average volume for 2023 was under 4000, today its over 53million, and this is just on news alone, this is why I say that News ALWAYS trumps everything else, even if the news is false, distorted or non-significant, and when the news hype settles down and the real facts come around, then the prices will adjust accordingly. I'm watching (not buying) when many of the 53million start selling, will the price turn somewhat downward and the pumping of 'buy now on the dips' are posted from those holding a huge bag of NRBO, only to take profits and then buy and short them over the next few weeks? As I stated, this a great symbol to study at this time..
VincePrince
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This reminds me of the great pharma bull market during the dot-com boom.
Your idea is appreciated.
RAC52
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Wow, just noticed the title on the top left! Just starting to learn T.View, and excited to find this post, maybe there is hope for me if I follow the right people/companies. :)