GTHP is certainly a frustrating stock. GTHP seems to have support at 65-68 cents and resistance at 74 cents. The article at Gynecologic Oncology was certainly bullish. More importantly for me the company decided to inform shareholders. First Turkey and at least an update about FDA. I trimmed from 35,000 to 25,000 shares a couple weeks ago in the 72 to 74 cents area out of frustration. Holding the remaining hoping to hear about the FDA this month. The stock has huge potential, my only concern is the issue of the replacement parts and hope they can navigate a difficult and political FDA.
Awful day for GTHP. Opens at the high of 74 cents and slides all day long. Worse part was the large volume (10,000 to 14,000 shares) at the ask. Last few weeks when this stock goes above 72 cents there are a lot of sellers. No FDA of course. Wondering when when we will ever hear from the FDA. We are so overdue for the FDA to make a decision.... it can be tomorrow or months from now. How frustrating, sad, and political has the FDA become.
Sounds like you have mixed emotions about getting out before FDA. I understand that. Going into last January when we knew we were about to hear from FDA, I had 45,000. I paired down after bad news when PPS jumped to .95 to 15,000. I bought back up to 30,000 in 60's. At this point, I am willing to take another lick if FDA is negative. I believe the only way to hit a home run is to be in while FDA is still an unknown. If FDA gives the negative answer, stock will drop. Then it is long term hold till profits hit. I dont know exactly when that will happen but if this company is profitable by the end of 2014 without FDA, I think the PPS will be north of $1.00 no matter how low it goes in the short term.