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NUVO

Nuvelo Inc. (Nasdaq: NUVO )

Position Opened 2.20 this one could take awhile, then again it might be finally breaking out.

Edit 12/7
Position closed +2.7%

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NUVO | | D | W | 5 | 3 | 2 | 1 | E | N | PM | AH |


This entry was posted on Tuesday, October 9th, 2007 at 10:33 am and is filed under Closed Winners. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

13 Responses to “NUVO”

  • 1
    ThatStockGuy
    October 20th, 2007 13:57

    Well below my normal stop % but will be holding on a little longer.

  • 2
    ThatStockGuy
    November 19th, 2007 01:38

    From the 3rd Quarter earnings (Nov 1st)
    As of September 30, 2007, Nuvelo had $117.3 million in cash and cash equivalents, short-term investments and restricted cash.

    Market cap as of Friday 76.88M closing price 1.44 at 2.20 would equal cash value as of 9/30

    I expected cash rich bio’s to at least hang in there with the markets selling off. It seems like pretty much everything is just getting taken down.

    My plan here is to time the bottom add a few more and wait for that bounce.

  • 3
    ThatStockGuy
    November 28th, 2007 14:42

    Looks like I slipped up on my plan for adding more at the bottom. When I saw this thing print 1.26 on the the 21st my gut said that was it.
    http://www.thelion.com/bin/forum.cgi?msg=828&sf=nuvo&cmd=read

    I really hate to add more here when the stock is now up 20%. I’m just going to ride it up and possibly add on a dip. I do like this one for a longer term swing, however it would have been nice to double or triple down to get that cost average down. From the lows of 1.26 to 2.20 is a 74% move up! 2.20 to 1.26 was down 42%

  • 4
    ThatStockGuy
    November 29th, 2007 03:31

    I can’t verify this, I saw it on a forum.

    Nuvelo Raised To Buy From Neutral By UBS Last update: 11/29/2007 1:48:01 AM

  • 5
    ThatStockGuy
    November 29th, 2007 11:04

    Amazing, and not surprised………..
    Would have been too easy to double or triple down and be in the green with a 50% move.
    Triple down 30% gain
    Double down 11.4% gain

    I have my doubts I’ll see 2.20 in the short term. I’m thinking its going to need to pullback and try again. The money knows where people are ‘trapped’. If my math is correct they have 2.20 in cash but they are burning it but a bio which can just pop on news.

    It just hurts to see a big move and not being in the green. I guess the good news is it was one of the first for a quick bounce back.

  • 6
    ThatStockGuy
    November 29th, 2007 12:57

    89 to the 144 bouncing ball - to the ‘T’

    nuvo11-29

  • 7
    ThatStockGuy
    December 3rd, 2007 12:04

    News out this morning
    Nuvelo Announces Alfimeprase SONOMA-2 Catheter Occlusion Data Presentation Webcast and Conference Call

    http://biz.yahoo.com/prnews/071203/aqm013.html?.v=36

  • 8
    ThatStockGuy
    December 7th, 2007 10:30

    Position Closed 2.26 +2.7%
    From the lows to 2.26 +79.3% Had it held the 2.00 ’s I would probably ride it out longer but the move was sharp. I believe I read there is a Conf on the 10th of Dec. So it might continue…….

  • 9
    Andrew
    December 7th, 2007 22:16

    That was a tough one to ride. I’m glad you made it safe “home”.

  • 10
    ThatStockGuy
    December 8th, 2007 22:24

    Thanks Andrew!

  • 11
    ThatStockGuy
    December 9th, 2007 11:58

    You know, last night I deleted part of the above comment that said watch it blast off now! I had posted a weekly chart of NUVO on the IDMI post, look how they parked it! I’ll keep you guys from jumping around……..
    http://stockcharts.com/h-sc/ui?s=nuvo&p=W&yr=1&mn=3&dy=0&id=p52287723665

    Parked at the 21ema on the weekly, adx about to pinch and everything is coming up from the basement.

    Company released some news today……This should be interesting………
    Nuvelo Phase 3 SONOMA-2 Trial Shows Alfimeprase has the Potential to Restore Catheter Function
    Sunday December 9, 9:00 am ET
    http://biz.yahoo.com/prnews/071209/aqsu002.html?.v=17

  • 12
    nigel4sher
    December 9th, 2007 19:18

    TSG-

    Thanks for the analysis, the charts are all very impressive. I do see NUVO as, at the very least, a watchlist candidate next week,especially considering the December 10th conferance at 4:30pm…The extended hours could be volatile on NUVO…How about with more impressive news, NUVO attempts to recapture its May/June levels? I think I am very late to the party, but cheers to you and your impressive ride! Hopefully something good comes on Monday !

  • 13
    ThatStockGuy
    December 10th, 2007 09:40

    No problem and wow on that little spike up. :((

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