It is interesting to not that ETRM is +6% and NWBO +3%, following Washington Post article over the weekend which has called on the SEC to conduct an investigation into Adam Feurstein, Cramer, their connected hedge funds and High Frequency trading.
This is no ordinary newspaper, it has political ties to Washington and connections to heavy regulatory offices like the FBI and SEC. Embarrassing the SEC and FBI in the public as either being incompetent or unable to know what hedge funds are doing even though it is illegal is sure to put the heat on them. It does not look good politically for Obama.
Adam Feurstein was in a bit of panic today trying to explain the plunge in NWBO on financing issues and, not his words.
The other culprits here I think regulators need to look at is: Ernest Marmer of seeking alpha and a variety of posters such as pennydreadful, sillyoldqueen, oozhee22 and a few others.
The fear of death will now take hold of these hedge funds whom are illegal short and now have the cops coming down their throats. It does not take a genius to figure out that they will cover and run.
To the longs, well now is your payoff, developing as we speak. Let it ride.
It is about time!!!! I read article, they mention SEC investigation, FBI, criminal accusations, investigation of Adam Feurstein and Cramer.
Washington Post is very prestigious and when it publishes an article it will be a matter of little time, one month and investigation will begin.
I would expect short funds to begin covering now for fear of investigation.
Investors Edge is the Canadian Imperial Bank of Commerce, they are one of the huge banks in Canada in the billions of dollars, so if they say BUY, you BUY, as they have thousands of investor followers and lots of pull wait.
Since information is not yet public without report, now would be a good time to buy before one sees their price target and recommendation. This will be another one on board.
I finally pulled the trigger for my son`s account. I had to calculate possible losses as I will cover him but at this price I just couldn`t resist. The future is unknown but the price I find a total joke. I have seen this happen numerous times where stock is so cheap and people are hesitant to buy, when they should be buying like crazy. Anyways we will see where it goes. My son is risk free, keeps gains and if losses then father covers. Isn`t that great!!!
Do you have numbers to back up this strategy over say a period of 10 years. Investing day trade (profits or losses) versus investing in one trick pony over 10 years.
I can tell you that in one year I used to daytrade, I made literally 1000 to 2000 trades in one year. End result, loss of $ 10,000. Commissions paid close to $ 20,000. Broker made more.
Then I can tell you that with $ 30,000 investment on DNDN I made $180,000, which I sold too early and could have been $ 360,000.
I can tell you that with $ 20,000 investment in CSIQ I made $ 20,000 profit but then left $ 180,000 on the table cause I sold too early.
So how does this compare to daytrading?
I don't know why people object so much to my personal estimates and calculations. I disclose it and that I am long so people can do their own dd yet the need to mock is ovewhelming as somehow the message threatens them.
I stick to my predictions that ETRM will be a solid investment bringing double digits however at the same time I have put my expectations at nil since future is unknown to all of us and, I am willing to accept the future no matter the outcome.
You live better in this way, no disappointment, also no joy, just peace of mind which is important.
Look at last 6 months as ETRM has dropped everyday, the only way to tolerate and be at peace is to have NO EXPECTATIONS but you are allowed to have hope.
Your post shows that you are alluding to two demons as follows: I should have sold in the past. This is not the reality of today hence it does not affect the present moment. Should have, could have, would have, are all gone. I made a decision and I am comfortable with the present moment. You then allude to a future demon of playing with a casino. Again this is not reality but an illusion of the future as it does not exist in the present moment. The reality is the stock trades at $ 1.12, has an FDA application for VBLOC which has been approved by Panel and is now waiting decision. The thought of a casino is an evil future world out of millions of future worlds hence, no point bringing it in the present moment.
Accept the present moment for what it is, realize that everything is impermanent and goes away even if you are a zillionaire and, throw away all expectations of future and thoughts of past. Read a book in the present moment, have sex in the present moment, go to the beach in the present moment. Let ETRM create its own reality.
When you do this, you have removed emotions except the present moment and, no fear or greed can haunt you.
There is a difference between making a prediction of the future and, having expectations of this being the future out of millions of futures.
I made a prediction however I will accept and live with the reality of whatever occurs. I have no expectations hence no joy or disappointment with the future reality; no suffering but peace and love, even if investment goes to 0 as I live the present moment each and every moment, whether very rich or very poor.
I will bring up a few points which relates more to our conduct and less to our investment. I will share with you how you can have peace of mind and confidence in your investment and that your decision is as a solid tree that stays firm even though it has been hit by a hurricane.
The first reality of life is that we only have the present moment. We don't live in the past or the future. When tomorrow comes it is actually the present moment. That is all we have. The second reality of life is that everything in the Universe is impermanent meaning it will cease to exist one day. Realizing this you will know that attachment is useless as everything will disappear with time. The third reality of life is that there are two demons, the one of the past and the one of the future both create the illusion of being present today when in fact it is only an illusion. Example: A thought haunts you today that you should have done this better in the past while another thought creates a monstrous future of what you will live. Both are illusions as neither exist at the moment.
I have aside all expectations for ETRM so that there is neither disappointment nor joy (knowing ETRM IS impermanent I have no attachments) and I accept the price in the present moment. Today it is $1.12, that is the only reality at this moment. When a thought enters that I should have sold in the past I quickly dismiss and reject the idea as it is not the reality of today. When a thought enters that in the future ETRM will be worth much more or much less I also dismiss it as it is not reality of today. The only reality is the present moment, the now. When I live in the present moment I live in reality hence I don't suffer and have peace of mind.
Today the market almost crashed, ETRM was hit close to lows and, I have one of my best days living in the present moment full of love, peace and joy.
Thanks for the great information. So if all 4,000 doctors do 1,000 VBLOC per year it means 4 million procedures * $ 10,000 each or $ 40,000,000,000 in Sales and here we trade at $ 75 million market cap compared to $ 40 billion per year in sales (potential, if maxed out)
Forget Tesla, this is countless times more Tesla.
Definitely not selling anytime soon, great returns going forward.
I loaded up on ETRM stock in September 2013 way before the rally began. I had forseen the pending rally before it happened otherwise I would not have loaded up. It is true that I could have sold for a 128% profit in as little as 6 months however I refused to sell as this was too little compared to the numbers I had calculated. It is true that stock dropped back down to my purchase price once more however the fundamentals have remained the same, hence no reason to sell. As a matter of fact the fundamentals have improved since FDA Panel gave thumbs up so in essence less risk since 88% of the time FDA follows the recommendation.
The obesity rates in the USA and around the world are SOARING. The diet pills have flopped and the stomach removal surgery is avoided as a cancer so there is no much choice for people which are costing the government $ 147 billion per year in health care costs. The FDA is under severe pressure to find a solution and they have been approved dangerous diet pills, namely OREX with a 47 page black label. A lack of choice works in VBLOC favor.
In terms of investment, I calculated the risk in September 2013 and it is NIL. The only risk I see is in going to miss a great Tesla like run which is about to develop. The fools are selling, so let them be. As a matter of fact, thank them while you buy and bid them goodbye.
The retail price of VBLOC I got from the company including the profit margins. Retail at $ 10,000 with 80% margins. The amount of surgeries that can be done by doctors in a year was obtained from a Health Center where 4 doctors did 4,000 operations per year. The time for surgery I obtained from watching surgery done with VBLOC device. The functions as to how doctors use operating rooms I obtained from people I know working in this field. Basically it works as a production line. The doctor will use 3 operating rooms with no waiting time. Sales: 50,000 patients * $ 10,000 is $ 500 million, earnings $2/sh
Why would I want to dwell on the thought of it going to $ 0. If I think this then I would sell immediately and would not bother posting on this board.
What I dwell on is that my vision of the future will come through and we hit $ 100 per share in some not too distant future.
All this negativety from people investing in the market is nothing but a projection of their interior negativety that haunts them. It is not reality but an illusion.
Why choose to live in pain and doubt when you can live in joy and hope.
Yahoo message board is suppose to be a place where we exchange opinions and, not a place of mental wars of who is right and wrong. I made a significant investment in ETRM in September 2013 and have not budged from my initial bullish stance.
The fact that the stock trades sideways or rallies up or plunges down, while there is no significant news does not change my bullish stance. People often trade on emotions and forget why they purchased or sold. All this is noise at the moment.
Some people find my numbers troubling as too extreme, yet I had the same opinion of CSIQ 18 months ago when people were throwing it away at $ 2 per share and, now at $ 42 it is a bargain. The fact that people are lazy to do their homework, are incompetent, not properlyl informed or, are wishy washy is not my problem. I stand by my numbers.
You will say, "why has did not yet occurred?`" I answer to this that nothing material has been finalized. Once approval is in and, sales begin to soar quarter after quarter, you will then come to thank me over and over again for having seen the future. This robust sales will then translate in a Tesla stock reaction.
Now you have a choice, either value company on emotions like others where you sit and tell yourself market knows all and the price is this or, you do your homework, pull in some numbers and see what it gives.
The VBLOC procedure is not very invasive, a 30 minute procedure to attach two wires to the vagus nerve. There is no cutting of organs, nerves or bleeding. Patient is out the same day.
Doctors will book one whole day for surgeries and, they will operate on as many people as possible, much like a dentist does. In one day, one surgeron can easily do 10 to 15 cases per day. Their motivation is to do more as it will generate more dollars for same room cost.
Assuming 15 surgeries per day for one doctor per week, that is 60 surgeries per month or 720 operations. At one heatlh center, 4 doctors did 4,000 surgeries in one year so my numbers are little more conservative.
VBLOC will be marketed through 13 health centers of which May has 2,500 doctors. I don`t know of the other 12 health centers. Assuming they can get 50 to 60 doctors on board, which should be easily be done, given large number of doctors then you can expect 43,200 surgeries per year (60 * 720 surgeries).
The device retails for $ 10,000 and carries an 80% margin. So you can see that it is reasonable to expect in 1st 18 months $ 430 million of which $ 344 million is available for operations. The cost of operations is minimal since infrastructure is in place. Assuming you have $ 200 million left over in profit with 200 million shares outstanding you get $ 1 per share in earnings at 30x gives $ 30 stock price. Now price can be much higher and will be one more doctors join in.
I hope that clarifies my position. The fact fools sell at $ 1.16 is not my problem. They will learn when price soars.
You truly believe in mental wars. Why not respect another persons opinion, for that is what it is, and then dismiss it if you find no value in it. Always trying to tell people to sh*ut up is a way of denying their right to freedom of expression. We don't live in China or Russia or worse yet, in Arab countries.
I would suggest you leave the corporation alone. It really doesn't matter what institutional rate is at, what matters is the FDA decision which is out of their hands.
If decision is positive, which I expect, then you can surely expect 15,000 institutions to start looking at an investment in ETRM including those whom are intent on buyout. It will be all up for many months after that, just as we went all down for 6 months.
Congratulations on your buy. I will provide what I know from my own due diligence which includes having called the company.
There are 200 million obese Americans and, 20 million severely obese ones (600 pounds people). Presently there are two solutions of either diet pills or stomach removal. Doctors are afraid to prescribe pills as they have severe side effects and most obese people have too many other health issues to warrant the risk. With regards to stomach removal only 300,000 patients per year do this surgery as there is 1 in 300 chance of dying plus severe side effects. Hence there is nothing in between for patients.
VBLOC has shown that a patient loses on average 25% of their EWL maintained to 3 years out. The device has outstanding safety, it is not too invasive (30 minute, same day procedure), it is reversible, patient does not have to alter changing habits and, it is suited to patient schedule. This will definitely fill a void in the market.
In terms of numbers. VBLOC will sell for $ 10,000 and carries a 75% to 80% margin. There are no infrastructure costs as hospitals, doctors and patients are in place. ETRM will start with 13 health centers of which Mayo alone is huge 2500 doctors.
I reasonable expect them to hit 50,000 patients per year within 18 months at most, which will bring in about $ 500 million in revenue. That is $ 400 million for costs of operations which will not be much.
Assuming even 50% goes to operations, it leaves $ 200 million in the bank with say 200 million shares outstanding. At that rate it means $ 1 per share, trading at 30x gives $ 30 stock price. If sales soar higher which I assume they will, it can be expected that ETRM can hit $ 150 to $ 180 per share.
We trade low because stock is illiquid and we are under the radar for now. Once people catch on ETRM will act like Tesla.
I hope that helps.
No risk to my son, I will cover his losses. Just wondering if now is the TIME as I don`t want him discouraged if he sees minus signs. Thought it would hit $ 1.00 or a little less and then it was automatic purchase. Thinking out loud here.
Let me know what you guys think?