Have you noticed how ONVO has performed since I mentioned it as a Judy stock? Take a look at this daily chart. When ONVO went vertical on huge volume on Tuesday, I sold some. The 3D printing stocks are too hot for me to buy right now.
Month: January 2013
13th day of QQQ short term up-trend; T2108 reaching extreme
The GMI (see table below) remains at 6 (of 6) and the markets remain in short and longer term up-trends. When I see so many of the stocks I follow move up together, I become more cautious. The Worden T2108 Indicator has been tracked by Worden since 1986. ( It can be tracked in the TC2000 software or at Freestockcharts.com, by putting in the symbol, T2108.) The indicator measures the percentage of NYSE stocks that have closed above their average price over the prior 40 days. I have drawn in lines in the chart showing extreme values that the T2108 tends to reach. The indicator acts as a pendulum of the market. When the T2108 gets above 80%, the market up-swing is nearing the end and when it falls into single digits, the market is near the end of a major swoon. The monthly chart below shows that the T2108 is now almost 84%, in topping territory. T2108 rarely reaches 90%. If the indicator rises from here, I will tighten stops and look for a top. When the T2108 is below 10%, the snap back is quick and sudden, but at the other extreme, it takes longer to reverse, so we may have some time to adjust to a top when it comes.
12th day of QQQ short term up-trend; ONVO—- a Judy’s pick in 3D bioprinting
A long time ago my stock buddy and excellent concept stock picker, Judy, told me about the exciting new technology of 3D printing. At that time she talked about DDD and SSYS, which I have already written about. She recently told me about ONVO, which I could not resist buying. ONVO literally is the pioneer in 3D printing of human tissues! ONVO closed around $4.28 and has started to come alive with higher trading volume (see daily chart below). It is not listed on a major stock exchange. Judy owns it and I started buying some. I have no idea if this technology will succeed, but I want to hold a small position long term just in case it does. Check out this article about this exciting, unbelievable new field. Science fiction turns into reality! ONVO is a highly speculative investment. I have a small position and will slowly add more ONVO if it continues to rise. Thank you Judy, once again, for a new concept stock…..
