Well at least we have ONE SMART investor. If I had a huge fork I would boot most of these FARMER holders off this stock. They have weak hands.
In 3 months we are at $ 4 per share, by hey, that is my prediction.
First of all it is payback to all those conservative minds who kept calling me a PUMPER preferring I take a laid back approach so stock does not go ahead of itself. How do you like your investment now? Is it safe enough as we head back to 85 cents? You really feel risk is removed now so you can enjoy penniless return?
Secondly I love the fact that management is getting punished from investors. Either they shape up and show a vision or flush the stock down the toilet. Amazon was for years and years highly priced because Bezo was able to sell his vision of profits to come 5 years in the future.
Thirdly, this selloff finally gets rid of these cheap traders whom trade around the core. That should teach you. How can you sell part of a stock you own only for chump change and risk causing an avalanche of sellers?
Karma is beautiful, you reap what you sow. Garbage in is garbage out.
Don`t cry!!!! Sell your position and move on. Today is FLUSH DAY.
It has to do more with a lack of buyers interest. ETRM has not said one word since the FDA Panel date. It would have been reassuring to share the good news with investors, their excitement and plans for the future. We have NO VISION. Perhaps this very low profile is on purpose to get approval without creating headwinds with FDA but it is mostly unheard of to do as it does affect stock price. People get restless, frustrated and need a boost of confidence.
From my end what I would have done is to lay down the companies vision of the future. It would have cost the company nothing and it would have boosted the investor moral. Dreams are hard to deflate but without dreams we have nightmares.
I agree. We needed this shake down.... I have seen it down so many times. In 2 months we will be back at $ 2.50 and many of us will be looking at $ 1.36 as a gift never to be had again.
Better load up before Santa Claus goes away....ho ho ho......Merry Christmas...ho ho ho....
We needed it to get ugly for bottom to set in. Panic creates great buying opportunities. ETRM trading at $ 91 million market cap versus $ 1 billion market per year. Panic does this, it makes people lose their senses of what is real and they throw away good shares. In 2 months we will be back to the $ 2.50 level and higher. This is a gift today.....LOAD UP
Getting cheaper by the minute what a glorious buying opportunity for those who want to make easy money as the FARMERS finally sell out.....
Finally people are throwing away their shares and capitulation is here.....it is a bullish sign, the rest of you who have guts should be buying....what an opportunity as nervous longs get out.
They will add tremendous fuel....
Medtronic will be tempted to make a serious bid at these prices as price is just too cheap to miss out on this opportunity. Even a $ 300 million offer is triple what we are trading at. Don't think they are not looking at this seriously as farmers are selling.
I said it before and I repeat it again, the investors holding ETRM stock are farmers with not much education so they become fearful when stock prices are at laughable levels.
Market cap is $ 94 million for VBLOC device that can easily hit sales of $ 1 billion per year.
Trading at 1/10 of 1 time sales is very scary and farmers should really sell.
Those with grade 3 level schooling and above should buy.
Does any long really believe in their heart that ETRM is only worth $ 99 million so close to FDA Approval?
This is one stock where you should load up your house on at this value because it can easily easily vault 5 to 7 times this price and still be considered undervalued.
What are the shortings thinking? Suicide?
In June 2014 I was going to buy EDAP had ETRM reacted properly by which I mean had it surged which it did not. I would have used additional profit for EDAP investment. EDAP was trading around $ 3.20 around low valuations like ETRM around $ 120 million for a company with a prostate FDA date of July 31st. Notice that since June 15th, stock took off of EDAP and got close to $ 6 per share, a double and not even FDA approval yet.
I say this because it does appear that investors in biotech are momemtum type of investors. They had let EDAP drag on the floor for 6 months at $ 100 million valuation and then 6 weeks prior to vote it doubles with no trouble at all.
I believe ETRM will do the same once we can have an idea of FDA date. Say it is Sept 30th, then following EDAP example one needs to load up by August 15th.
It is quiet period so those with brains are buying but the followers or momemtum guys who truly pay market prices will only come once date is available and close. At that time I predict price might easily hit the $ 5 range without even trying and before FDA date and, you will be asking what happened all of a sudden.
There is nice accumulation as the base in set in the mid to low $ 1.50 level and the highs to the $ 1.60 level. As you can see we are going sideways and it is an accumulation phase.
The catalyst which will start the next run, and there will be a NEXT is the 24 month data which is extremely bullish. In the past ETRM would first show the data to FDA and upon their approval they would release it to the public. The 24 month data was shown to the FDA Panel on June 17th and it was bullish however FDA has not yet consulted it.
Assuming that ETRM filed this data with FDA by June 30th, which was after their celebration for obtaining panel approval, one can expect that FDA will look at these numbers within a 45 day period, say by August 15th before giving go ahead to release to the public.
If this date is say August 15th or close to it, we should be getting the data. Once numbers are known and which are strong, I expect spike in price as we begin RALLY into FDA approval process. Approval could either be late September or mid October 2014, hence a rally which begins August 15 could reasonably be expected as we walk into new highs and price in the possibility of a buyout.
I am glad you noticed it. A total of 10 firms own 50% that is incredible concentration in just a few hands. They probably talk to each other since positions are so big.
Stock is already illiquid, now that you know 50% is in 10 hands and 20% is short needing to buy, there is only 30% of shares left, say 1/2 of this is in strong hands that means there is nothing left for institutions. That is why games are played and why we will rally hard.
Go to cnbc type in ETRM and look under ownership, add both top institutional owners and mutual fund owners you will see huge concentration in just 10 hands.