ONVO

I’ve been eyeing ONVO for a while now (been debating getting in since around $5, yes I’m kicking myself).  Organovo (ONVO) is a 3D bioprinting stock that prints human tissue.  Long (long, long) term the goal is to print human organs to transplant.  The company is still in very early development stages and doesn’t actually make a profit yet.  In the past month the stock has been going crazy and is up over 100%:

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ONVO has come down significantly the past days and I’m looking to enter soon.  This company has a ton of growth potential.  Biomedical printing is one of the coolest outcomes predicted for 3D printing, and ONVO has proven results so far.  The company has been able to bioprint liver tissues that can mimic native liver behavior for more than one month, which drug companies can use to test their drugs’ effects on the liver.  The company is also working to make tumors to use in testing.

That being said, even at the current price of 11.25 it’s still very overvalued – it only had $129,000 of revenues in the past six months.  I’m waiting for a little more of a dip to get in.

For more reading, this Seeking Alpha article has an interesting, more bearish, perspective and very detailed analysis: http://seekingalpha.com/article/1848361-a-very-detailed-look-at-organovo.

TSL

I’ve been using TSL as a day/swing trade for a while now.  The stock tends to move at least $1 within a day, so if I buy/sell a lot of shares I can make a decent profit pretty quickly.  I’ve noticed that in the past few weeks it’s been jumping between the low $16s and the mid $17s.  I tend to buy at the bottom of this and short at the top.  This stock does tend to jump a lot very quickly so I don’t hold it overnight.  I shorted 750 shares this morning at $17.30 and will buy to cover in the mid-high $16s before the market closes today.

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4 Comments on My Trades Today – ONVO and TSL

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