Monday, October 16, 2017 8:29:16 AM
Not sure TRXC has any impact on Titan. TRXC had doubled since Friday's close; bid was $3.17 per Scottrade (as of when I originally posted this; it is now $2.58; they closed at $1.46). TITXF bid and ask were + and - $.005 from Friday's close; very normal (spread a little more since this was first posted, but still in normal ranges). ISRG's ask is $10 below their close, so it looks like they might feel it more than Titan. But looking back to April 2016 (when TRXC got their big rejection letter from the FDA) there wasn't much effect on TITXF:
4/15 .71
4/18 .71
4/19 .71
4/20 .71
4/21 .6947
...
4/27 .70
5/3 .711
5/11 .703
Titan stayed stable.
That's when TRXC did this:
4/20 4.74
4/21 2.27
I don't foresee any major change in TITXF based on TRXC's news. And I almost hope I'm right because it is impossible to predict which way a swing would go... Could we get hammered down because the competition beat us to the proverbial punch? Maybe. Could we get a nice run upward because the FDA approval validates the robotic market and proves it can be done? Maybe. For now, I will be content sitting tight around a quarter per share because it's better than eleven cents. And if it runs to 50 cents because of this, that's wonderful too, but I'm not holding my breath. If not from this, we will get their based on our own merits, all in due time. Or all in overdue time, given how grossly undervalued we remain.
Side note to Wildbilly, I got your note... Will try to remain compliant! I didn't know that was such a strict requirement.
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