market makers do have unlimited powers with thinly traded stocks such as EDAP. If the street is convinced and decides to roll the dice then MM power is diminished. EDAP is a healthy stock with good numbers but another FDA approval should be the last shot in the arm for a possible breakout. I sold 25% of my holdings in the 4.40 range but kept 75% for the breakout. I will buy if it tests the 2's with a loan from my mom, uncle and credit cards. Hope I don't lose my shirt.
When I asked my Urologist about EDAP, Sonocare etc. He said (mind you this is ONE person)
"laser is the technology for now. HIFU could be the future. Also $$ costs have to be considered. "
So here is my take....
Given that MOST if not EVERY PR is followed by a temporary drop in stock price I think the street is saying give me a PR with meat. When I say street please consider that this stock is not a bell weather and has limited exposure.
I think those that follow this stock want documented revenueas it seems they are not willing to speculate on the future potential of this technology.
Very important countries politically and culturally but in terms of health or military spending all the countries combined make up a fraction of the U.S. medical or military budget.