Yes it does seem like too many recently and the direction has clearly been down, although at least it made a higher low than earlier this week today. We'll see how it trades tomorrow but it's still 11 trading days until the data is presented on 5/21.
I hope the commissioned by Tonix report from Edison had nothing to do with that but I also hope it flies.
I'll believe it when I see it and hope is generally not a good investment thesis. Nor is overconfidence.
The way the market works these days. They'll pound it into the dirt and when the masses sell it gets bought up be the fibro results. Are they really in the bag based on the earlier results? It's far from 100% but if the people running the machines have their way they'll drive it down before any big buys come in.
Yes ejwhomes. I do plan on looking at the release and listening to the call hopefully.
I only had a small relative amount left which I sold at a loss which had been a gain. I would have held but was in a raising cash mode. Net net I have made money in this one. Not a lot but it's mostly because I got here when it was already beaten down.
I mat also be making a decision at the same time on Tuesday. ;-)
Best of luck to you.
I'm just curious. What would be the driver of good numbers?
I think it would be more about any developments with Triferic (CMS, hints at other deals etc).
I agree ejwhomes. They either got the bad news out of the way and also may have wanted to brush off a new set of ambulance chasers or I should say the same ones with a new bunch of nonsense or they have more bad news.
I think there's a decent chance the news is more good than bad but we'll see. I think it's also key that the CEO takes all the questions and doesn't repeat last quarter's debacle type call. I actually left an email with IR on their site after that and never heard a word back. I'll just take that as they didn't want to in case I was somehow associated with the ambulance chasers.
A question for you or anyone else that be informed on such matters. Obviously the lack of a launch costs RMTI some time and money but who is on the hook for the bad product? If RMTI it's costing them even more money. I wonder how much product we are talking about?
This is not a soft bash. I'm just curious.
I wish the longs well here as you have had more than enough patience. It seems like every time in the past when things start to really line up technically, fundamental bad news has hurt the stock.
I hope with earnings and any announcements around earnings that tide will work in reverse.
Looks like they are taking this down even more aggressively than the ETFs.
Is this a little birdie singing? I cant believe this much reaction is coming out of today's call. A modest volume bleed down.
I sold out of the last shares I had at a loss. Not ideal timing but otherwise occupied and I was trying to raise some cash.
I may reenter for a trade at any time. Maybe you'll get positive CMS information while I'm out which will certainly lift the shares.
You're probably right. I hope when they get the news from CMS on the 106% reimbursement on triferic for 2 years, good or bad that they release it
Thanks for your thoughts on the techinicals while not sugar coating things. That's simply called being honest.