Today is the first Sell day on the Daily Trend Model, if GNVC closes today below $2.58, which seems likely.
The above weekly chart will go Short on a close this week below $2.29.
My Trend Models are an excellent way to stay on the right side of just about any tradable for any time frame. This holds for GNVC, NNVC and everything else in the trading universe. Nonetheless, if you believe in the underlying story and don't want to be bothered with share price volatility, there is a place in portfolios for buy and hold stakes in these kind of story stocks. This is an individual decision based on an investors personal facts, circumstances, temperament, chakra and stomach.
For me, I like to put these away and look only on weekends, when emotions are less effected by the mass psychology of the marketplace. To each his/her own.
A
