Its a sad state...just lost $1,000 this week on NVS stock, even with a dividend payout I'll be hurting...hopefully the stock will rebound soon. Lots of factors as to the why...hard to stay loyal when almost 30% of the value is gone ($106-$76) in such a short time.
How NVS closes this week will give us another clue as to the short-term direction of the share price. Pay attention to the $72 level. If it holds, I expect maybe a nice rally back up to the $80-$85 level. You should sell some of your shares if you forgot to sell when they were trading north of $100. Looking at overall markets, they look ugly and we could be staring at another 20-30% drop across equities. This is what one could call the calm before the storm. Maybe.
How does this factor in to your forecast Mr. stock analyst?
Trump gonna make 'Murica great again?
- The end of US hegemonic influence in the Middle East
The policy of global expansion and domination of resources has hard limits on a finite planet.
It is time to share and spread the wealth around.
Reset ahead.
How NVS closes this week will give us another clue as to the short-term direction of the share price. Pay attention to the $72 level. If it holds, I expect maybe a nice rally back up to the $80-$85 level. You should sell some of your shares if you forgot to sell when they were trading north of $100. Looking at overall markets, they look ugly and we could be staring at another 20-30% drop across equities. This is what one could call the calm before the storm. Maybe.
NVS closed above $72, so there is a high probability, due to the short-term "oversold" nature of all equities, that we will see NVS trade north of $80 before the month of February concludes. Why should you care? Well, if you still hold an "out-sized" position in this company, you will want to be a seller and you do not want to be the last one out the exit door.
Agree. Damage is done but the stock is oversold...$82-83 will be the level I am out
and why?
"Caring and curing" is like so last year. "No pipeline, just pipedreams" I believe is the new one?