Technical Analysis - CVT, page-28

Interest read on the Covata thread over the past few days .... there has been a lot of people come out of the wood work with negative comments all of a sudden ...

Fundamentals are still in tack and this may provide one of those buying opportunities that in 12 months time you will kick yourself.

For some reason, the Tech Sector is being hit hard .. some examples from today's trading in a very strong move up:
* 1PG ... down $0.155 to $0.715 today ... this stock was over $5 not that long ago
* SMX ... down $0.28 to $1.56 ... this stock was $5.00 at the start of Oct 2015
* RXP .... $0.015 cents to $0.535 ... this stock was $0.64 in Jan 2016
* SEN .... down $0.005 to $0.105 ... this stock was $0.19 cents in Jan 2016
* DUB ... up $0.015 to $0.495 ... this stock hit $0.90 at the start of Dec 2015
* Bud ... down $0.005 to $0.0125 .. this stock was over $0.20 in January 2016

So overall trend on smallish Tech stocks today was lower. Lack of revenue delays has certainly spooked the investors.

I am disappointed just as much as other investors. Fundamentals still seem to be on track and if anything, this reaction should help to focus the Covata Management Team on revenue achievement for the remainder of 2016. I am hanging on for the positive ride that is still to come. They will have to rebuild credibility from here on though.