I know Pharma I always looked forward to your posts in our days at ARNA so needless to say we know what to expect with this stock after fda approval and preparation for launch. We know it's not going to be an overnight wonder, but we also know how VBLOC is different from pills and unfortunately we are in the same obesity sector and I could not disagree with you more as far as why pps is not where it should be. Fortunstely for us and esp me, I can take advantage of accumulating cheaper shares, I started at 1.15 and will buy more in blocks until Wall Street embraces Etrm and it's bright future.
Like what pharma said, obesity sector in general, being a poor trade over the past couple years, is dragging ETRM down being in the same sector.
My big thing with VBLOC is, unlike pills where doctors themselves are hesitant to prescribe anti-obesity drugs due to misconception of a possible heart related issues (which is non existent with belviq, not so much about qsymia and contrave), doctors and surgeons are in favor of VBLOC treatment not only because they are safe, effective, and more cost effective in the long run, this procedure/product can also add income to the surgeons themselves. So yes, we have extra help and marketing this product!
Deux, I'm disappointed to say it, but I gotta agree with you that Knudson is no Elon Musk(he would even take time to fight shorts in his tweets!) I'm merely comparing the two companies and its depressed pps based on their 'gloom and doom' history, and the eventual rise in Wall Street..
I'm going to make it simple. I see Etrm being like TSLA. Pps depressed for a couple years or so because All electric cars failed prior to tesla. 2 yrs ago tesla had 68% shorts, until April 2013 when it started to creep up when they have a tangible product that would sell and people patronized. As for Etrm, it's product has been available oversees for many years, but there has been no sales. IMO, Wall Street and shorts are banking on the fact the VBLOC will not sell as history says it all. BUT, I see this differently as we are in a totally different time and space. We are going to sell-even the doctors and surgeons will help us sell this product (not only for patients benefits, but also for their extra income!) vs. pills (slow sales) which doctors are hesitant to prescribe due to misconception of the fen-phen debacle in the 90s...and when that happens we will see a TSLA kind of move in a short period of time. ALL IMO.
Why the change of heart? Over a month ago you had all positive things to say about VBLOC and your female friend who joined the trial. This is what you said:
Over the last two years, I've reached out to FDA, ETRM, Medtronic, and anyone else I could think of to champion this technology. I did so because a friend of mine was part of the recharge clinical trial and I saw how well it worked for her first hand.
Mid 1.20s by thurs after the ist webinar, more buying means we can break that wall, but with the same volume that we're currently seeing I'd say we get back to the current level. A trader that you are, I'm sure day to day pps matters to you, when you become an investor, you'do find yourself less stressed watching the daily pps fluctuation until we sell the product. Unlike pills/drugs where doctors themselves have stigma about prescribing to patients after the fen-phen debacle in the 90s, doctors will embrace VBLOC, for one there's nothing to worry about the cardiovascular events, and more importantly, surgeons will actually earn a handsome income doing this procedure..talking about motivation encouraging their clients to get this procedure done!
Yes Ade, then you can spread the words on Facebook and Instagram. That's free advertisement right there. In fact if most investors and patients can post about VBLOC and Etrm on FB, we are golden!
One word..TESLA..check them out when they had all the writings on the wall for at least a year or so that it was a BUY, but because of all the failures of electric cars, nobody believed it until one day it was too late and too many shorts trapped. I see the same phenomenon will happen here, IMO.
Rest assure people who's willing to pay 15k for this procedure will not neglect these little nuisance of charging batteries and following protocol for their own health's sake.
Ditjonb, you have to have a better vision and game plan when you're dealing with a stock facing binary events such as fda decision. Take that as a learning experience and you won't have to hate. Trust me.
Sold all at 1.96 a month ago and accumulating at this level. So yes, I'm ready to commit to a long term investment. You're welcome to buy aapl, Nflx, Amzn, tesla, or any other bigger company, then let's compare profits with Etrm at least 6 months to 3 years down the road. I bet you I'd be grinnin' ear to ear!
OT, hello lakeshore. I'm optimistic about ETRM and started a position again at 1.15 after selling everything at 1.96 a month ago after fda approved VBLOC. If you get around it and maybe you might wanna consider buying if you think the outlook is good, but what do you think of that company? TIA.
Absolutely not. I participate in RO thinking there will be no problem in the davita yrual and there would not be '4 to 6 wks' additional time to clarify something. give me a break! That davita guy who said they don't see any benefit in HDF trial just CANNOT be that reckless in the conference call. There's gotta be something more to it.
I hope this will all come out well, but I'd be in denial if I ignore their direct negative answer to the direct question about hdf trial.
I doubt we will attract new investors to make the pps go up, I also think that most of us who own shares already will just be 'gambling' some more if we choose to add to our shares given how NEPH management has been. I don't discount Rosenberg buying shares a couple months ago, but it's also hard to ignore The statement from Davita yesterday that they don't see any benefits of HDF during the trial. Nephrons clarified it today, but who knows what's really going on. Davita would bit have said that if they are truly positive about our HDF technology. So yes, I think we will be in the 0.50s for a while.