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EnteroMedics Inc. Message Board

  • ptfd291 ptfd291 Dec 30, 2009 11:18 PM Flag

    Didn't this go to almost .70 before just to drop like a rock back to the 40's

    I wouldn't get too excited. It did this just a few weeks ago. Jumped up to almost .70 and then dropped below .50 again. I sold everything at .64 after getting alot more at .43. I will wait until below .50 to get back in.

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    • that .70 was way back in November when they announced about the placebo getting a small signal.

      Now the stock is oversold, tax selling is over , and the cmpany has great fundamentals.

      if people sold for tax loss in December they must wait 30 days from trade date to buy it back. ( tax wash sale rule for end of year) .
      expect those buyers to come in.

      • 1 Reply to enf1945
      • "Those buyers" do not exist... The company has very little cash remaining, but probably enough for the hndful of employees left to pack up and complete the bankruptcy.

        There is no product whatsoever, pipeline, R&D, phase III, or otherwise. No FDA review either - the 2009 results are final - placebo is as good as the device.

        A previous post about an alleged "diabetes study" is bogus, along with the study itself.

 
ETRM
1.12-0.03(-2.61%)Apr 27 4:00 PMEDT