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The stock i need advice for NNVC. Two weeks ago I bought 5000 shares at .22. Yesterday the stock jumped as high as .50 and closed at .38. The volume at close was 3 Mil (which is the highest ive ever seen for the stock). Today (10:30) the stock is seeing more action and is now up to .60. The spread between bid and ask seems to fluctuate from as much as .2 to .03. Volume so far is around a half mil. I am a a novice at trading and know the basics of what this stuff means but I would like some advice from a more experienced trader. Also, no news has been released since the 12th.
NanoViricides, Inc. is a development stage company that is creating special purpose nanomaterials for viral therapy. A NanoViricide(TM) is a specially designed, flexible, nanomaterial that contains an encapsulated active pharmaceutical ingredient and targets it to a specific type of virus, like a guided missile.
They are working on a vaccination for the asian bird flu.
Machiavelli
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put a stop/loss on it and let it ride if you feel confident about it... or take your profits now if you feel iffy about it.. this is a extremely volatile stock right now and the bulls are probably taking their profits from what i can see on the charts today...
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