Obviously, I love it when a newsletter stock I added to less than a year ago at $1.01 jumps over 100% and analysts before analysts jump on the bandwagon and raise the target price. At $2.89,
I could easily sell enough shares to be on house money today and still have more than I started the year with, but it hasn't hit my "take profits" level yet...
Yesterday in an article called "NanoViricides Inc Stock Is An 52-Week High Flier" David Hannula wrote
The stock of NanoViricides Inc hit a new 52-week high and has $7.83 target or 171.00% above today’s $2.89 share price. The 7 months bullish chart indicates low risk for the $168.37 million company. The 1-year high was reported on Mar, 15 by Barchart.com. If the $7.83 price target is reached, the company will be worth $287.91M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 8.65% or $0.23 during the last trading session, hitting $2.89. About 567,377 shares traded hands or 101.53% up from the average. NanoViricides Inc (NYSEMKT:NNVC) has risen 136.89% since August 7, 2015 and is uptrending. It has outperformed by 139.83% the S&P500.I like insider buying. Hannula wrote:
Analysts await NanoViricides Inc (NYSEMKT:NNVC) to reports earnings on May, 16.
According to Zacks Investment Research, “NanoViricides, Inc. is a development stage company focused on creating special purpose nanomaterials for antiviral therapy. The Company’s novel nanoviricide class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. It also focuses on the development of drugs against a number of viral diseases including H1N1 swine flu, H5N1 bird flu, seasonal Influenza, HIV, oral and genital Herpes, viral diseases of the eye including EKC and herpes keratitis, Hepatitis C, Rabies, Dengue fever, and Ebola virus, among others. NanoViricides, Inc. is headquartered in West Haven, Connecticut.”
Since September 15, 2015, the stock had 1 buying transaction, and 0 insider sales for $32,500 net activity. Boniuk Milton bought 25,000 shares worth $32,500.Hannula is way behind the times. Boniuk Milton has bought many more shares than that. From http://www.nasdaq.com/symbol/nnvc/insider-trades
Warning! The potential revenue from any of its drugs is huge. NNVC is very risky like a stock option that does not expire unless it goes under so I keep my cost basis a small percentage of my explore portfolio as I work to get on “house money.”
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