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ETRM - EnteroMedics Inc. - Page 19

post #361 of 688
Quote:
Originally Posted by TOMMYGUN View Post
I do think you are right that this stock is way oversold and I do expect to see a bounce at the end of the day, I expect us to be up tomorrow as well.

I noticed with a lot of my pharma picks in the past that news would come and the stock would go from say .20 cents to .60 cents and then I would sell, then I would kick myself the next day when the stock was at $1.50.

I'm not saying that ETRM will do this, but I think it is way undersold and that there will be more buyers than sellers tomorrow, plus I agree with you that we close in the mid .70's today.
Nice pick Tommy, I like it. Good luck to us all.

*gaps are made to be filled.
post #362 of 688
Got in at .705, let's see some upward movement soon.
post #363 of 688
Keeping my buy @ 0.65
post #364 of 688
Quote:
Originally Posted by ancalime View Post
Got in at .705, let's see some upward movement soon.
I think the mm's are holding us down, I think they will let it go here after lunch sometime.
post #365 of 688
Quote:
Originally Posted by TOMMYGUN View Post
I think the mm's are holding us down, I think they will let it go here after lunch sometime.
Just broke .71. Let's go.
post #366 of 688
Quote:
Originally Posted by gambler2076 View Post
I'm assuming you're serious? if so, you really don't understand how a relatively large volume of shares can move the pps of a thinly traded stock. At the time I sold those shares, 134,000 shares was 1/4 of the entire volume traded today. Of course it had an effect on the PPS. But whatever...

g

temporarily it had an effect. it factors nothing into the current price.
post #367 of 688
in at .704

Skipping BIEL as im to scared to jump in now.
post #368 of 688
Quote:
Originally Posted by Mr.Roberson View Post
wtf someones cashing out big time.
sorry... that was me. Still think this stock is oversold, but no position now... I think batting 4 for 4 is enough on this one.

g
post #369 of 688
In my opinion ETRM is very cheap right now for the news that was released today.
Remember that they want their stock above $1.00 for 10 days straight so they don't get delisted, they won't let this stock leave Nasdaq in my opinion, so I can almost be sure that ETRM will be above $1.00 sooner or later.

I think that ETRM is a very good buy right now, I can't see this stock going much lower, only up.
post #370 of 688
how long would they be sub 1.00 before they get delisted?
post #371 of 688
I think they have until like 180 days or something like that... don't really care though... I love ETRM... made 33K off it in the past month... 29K in the ETrade account on 4 trades, 4K in Bofa account... all trading as a contrarian, even though I screwed up trade #4 royally in the Etrade account... I actually bought 70K at 0.75 (yep, that was me the day we gapped up to 0.75) and then added 30K at 0.70... (yep, that was me screwing up again)... then sold that all at essentially break even (actually -200$)... but I decided to average down again in the Bofa account, so I made 4K there, buying 37K at 0.64, selling at 0.75...

good luck to those that are in... no position, I am now long GTXI at 3.55...



g
post #372 of 688
Funny that the high today for ETRM was .83 cents after news like that, I honestly think that .83 cents should of been the day low, that is why I think a jump is coming for this stock, it was over $5 just last month, not too many bought in under .80 cents, plus that one firm bought all of those stocks at .80 cents.

If people hold ETRM patiently for a few weeks to a month, I think they will see a nice return, kind of like ENMD did.
post #373 of 688
This just hit the wire, I think we start to see ETRM rise.

http://twincities.bizjournals.com/tw...html?ana=yfcpc

Big news in my opinion.
post #374 of 688
What will we close at today? everyone
post #375 of 688
Quote:
Originally Posted by Mr.Roberson View Post
What will we close at today? everyone
Well I think that ETRM is not only oversold, but now undervalued, and with the low float ETRM can rise fast.

My guess is .76 cents.
post #376 of 688
Im thinking more realistic like .70-.71
post #377 of 688
Quote:
Originally Posted by Mr.Roberson View Post
Im thinking more realistic like .70-.71
Realistically after news like today, we should of closed at well over $1, .76 cents is piddly.
post #378 of 688
Quote:
Originally Posted by TOMMYGUN View Post
This just hit the wire, I think we start to see ETRM rise.

http://twincities.bizjournals.com/tw...html?ana=yfcpc

Big news in my opinion.
EnteroMedics Inc. today reversed course on the results of its Maestro System device for treating obesity.

The Roseville-based company reported today that after further reviewing the study of a clinical study, the device “may promote safe and effective weight loss”.

Even with the “may” qualifier, that’s a significant change from early October, when company said its initial results from the study showed the device was not effective.

Enteromedics stock plunged more than 75 percent after that news.

The Roseville-based company’s device uses electrical stimulation in the brain to regulate nerves that control digestion and appetite. Company officials hoped it could serve as an alternative to bariatric surgery.

Although its initial report of the study as discouraging, the company said upon further review that vagal nerve blocking therapy may work in combination with behavioral support diet and exercise in morbidly obese patients.

The company is continuing to analyze the data and about 252 patients remain in the study and are receiving vagal blocking therapy. The firm also plans to discuss the outcome of the study with the U.S. Food and Drug Administration to "determine the appropriate regulatory path forward for the Maestro System as a treatement for morbid obesity," according to a statement from Mark Knudson, president and CEO.

On Oct. 26, the company announced it was slashing its work force by 40 percent, leaving it with only 33 employees.

The stock of EnteroMedics (Nasdaq: ETRM) at 1 p.m. Thursday is up 6 cents per share, or about 9 percent, to 69 cents per share.



sblack@bizjournals.com
post #379 of 688
Quote:
Originally Posted by TOMMYGUN View Post
Realistically after news like today, we should of closed at well over $1, .76 cents is piddly.
(your right and it is something fishy up. I just placed another load at .69that just filled and i hope i wont regret it. I have full faith in tommy and plus this is good i read the news did some dd and the company has turned around. Plus as someone said before there doing good by there shareholders to get this company pps back right!) Im waiting!
post #380 of 688
That was a pretty sick close and day for that much.
Well.. I almost can say for certainty, that we should have another green day tomorrow, because today should of been green big time, ETRM should of easily hit $1.00 today on news like that.
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