Worth a read, I can see why Susquehanna raised their outlook to positive today.
Stock had had a big pullback now is a good time to start or add a position, I did that today GLTA!
I think they will have another solid quarter stock held up very well during pullback. I'm buying call options into earnings.
The stock is so beaten up I would rather just buy 10000 shares of the stock right now the shares wont expire!
I agree should rebound to 2.25 -2.50 and perhaps back to $3 if earnings show continued growth next report.
Lol where did that fake article come from? The Onion?
This just serves as a reminder not to get blinded by the excitement of one of your stocks when it goes on a rip I almost did that again but i have done the round trip on too many med/bio stocks in the past. nothing is a lock. you have to take profits and at least get your initial capital off the table when possible. I still believe in the technology but mgmt really failed here. I will give them credit they have managed the company well financially but have failed to navigate the US approval process.
I'm thankful that Seeking alpha posted the link and i was able to review the 65 page document, i have been in and out of EDAP for a few years and i was hopeful that they would get approval i bought a big trading position after the stock dipped on the private placement and was fortunate to sell it over 5$ keeping a few thousand shares with the house money but after reading the FDA notes i was compelled to sell all. I feel bad for the true believers or folks that don't closely follow their investments that have taken a big hit. I believe in the company but i think they f'd up this submission big time.
I'm disappointed but after reading the notes my thoughts were that they would not have success I sold all of my remaining shares on the 28th. This stock will not trade above $3 again until they start showing sales ramp up. I will consider the stock again when its trading below 1x sales as a speculation.
Locking in a good gain always a smart idea, the momentum is broken for the moment that being said i would not be surprised to see the seeking alpha boys start pumping after the pullback and taking us to new highs who knows i don't have a crystal ball lol......