We were heading for a 1.19 or 4 cent drop, then the final NASDAQ close of 1.23 on 23,762 shares brought us even. Rarely have I seen a 4 cent spread between the official NASDAQ closing price and the last previous sale. Usually the spread is 1 or 2 cents.
I check Barrons a number of times each day for the money flow into and out of ETRM. A couple times today there was a flash ad for the Mayo Clinic. Whether this is a targeted ad to ETRM weight loss visitors or just random I don't know. Has anyone else seen the Mayo Clinic pop up?
I agree. Investors forget that the majority of mathematically-derived trading systems promote a herd mentality whereby a downward or upward signal produces a pile-on effect. HF trading desks are in it to make money, not correctly value stocks; in fact, most of their money is made in overvalued or undervalued stocks/options.
The two authors of the AMA opinion were unbelievably biased and misleading in their response. One expects this of Seeking Alpha writers, but not so-called healthcare professionals.
This is a rare instance where "Johnny Comes Latelys" get a super low buyin price. Notice as the stock is beaten down Barrons still shows moderate accumulation. Many small biotechs are being beaten down prior to another upward trajectory.
Catherine Friedman spent years at Morgan Stanley and is a much better indicator of VBLOC's approval chances. Active trading hedge funds and high frequency trading desks are obsessed with daily profits, which is why their yearly won-loss record is an astounding 90%, regardless of market conditions. One HFT desk was forced to reveal in a court proceeding that they only had ONE losing trading day in a whole year!
The dip was black-box generated(a number of algorithm trading systems piling on). One can seldom buy at these bottoms as few shares are available for purchase by retail traders in the moment.
This is why VBLOC will be approved:
"Obesity continues to be a major public health concern," said Dr. Jean-Marc Guettier, director of the Division of Metabolism and Endocrinology Products in FDA's Center for Drug Evaluation and Research. "When used as directed in combination with a healthy lifestyle that includes a reduced-calorie diet and exercise, Contrave provides another treatment option for chronic weight management for people who are obese or are overweight and have at least one weight-related health condition."
In court docs for various high frequency trading desks it has come out that they have an unbelievable winning trading day 9 times out of 10. One HFT desks only had one losing day in a whole year! This is 2014, not 2004, and even market makers are getting burned by algorithm trading. Today ETRM was down 6% but had 1.67 uptick ratio and NET POSITIVE money flow into the stock of $101,603. Retail investors and micro cap funds lost today but the predators had their usual winning day.
Crew: Go into any Kaiser facility and you will see some of the most obese patients around who will NEVER adhere to a diet plan without something like VBLOC. I hope after VBLOC's approval Kaiser will alter its protocol.
(Disclosure: I am a patient at Kaiser Permanente and I can tell you they push weight-control programs over surgical intervention. One has to fight to get treatments that other health plans routinely use. Fisher would catch hell from his Kaiser superiors if he wrote favorably about VBLOC. The fact is that intensive lifestyle programs work only for a small minority. Curbing hunger is what VBLOC does. LOL: In Citrus Heights, CA there is a gourmet bakery next to a Weight Watchers meeting. The bakery knows that diet-plan backsliders are some of their best customers: guilt promotes comfort eating).
David P. Fisher, M.D., of the Permanente Medical Group, Richmond, Calif., wrote in an accompanying editorial that several conclusions can be drawn from this study.
"First, vagal nerve blockade plus moderately intensive lifestyle counseling does not appear to be much more effective than an intensive lifestyle program. "
There were no significant complications or untoward
Conclusion: Reversible vagal nerve blocking with the implantable
Maestro Rechargeable System results in medically
meaningful weight loss as well as improvement in diabetes
control in obese subjects with T2DM. Most significantly, the
benefits are sustainable to at least 36 months after implant
oozhe: you are selectively picking negatives to make your case. Even uber-skeptic Alan Feuerstein is resigned to FDA approval, but hedges on future sales.
Wow! Trading volume today was the lowest in three months. You have to go back to 5/22 to find a lower volume day. Naturally, today's low volume enabled bears to erode the stock price, while Barrons still showed some continued accumulation.
tiktokstock: If you are a medical technologist then your bias is showing: Many MRIs are profit driven and do not advance the patients' outcome; however, it's a great cover your butt for doctors. MANY pacemakers are MRI non compliant.