Delcath Systems Inc (DCTH)

[andrius]

I been learning and trading markets for over 2 decades now and it pays my bills. Dilution plays, bk plays, delists I have traded thousands of them over the years. By now know a thing or two.

Just because most of my trades are day trades doesn't mean I don't swing. First 4-5 years was mostly swing trader. I got a few holds now and keeping an eye here. But holding dilutive death spirals that keep dropping after buying is not my thing. There is no shame in selling and rebuying at better price. After reading the filings today I will not be swinging this any time soon as any bounces for time being will be bull traps until note is finished. Not even close at the moment.

Honestly I don't understand your approach. You don't make money when company is issuing more and more shares and selling it down to the gates of hell. If you like the company wait for dilution to end. When it turns uptrend will last for weeks/months. If you are few days or week after bottom you'll still make big money. Way better than being down 90%+ on 20 average down buys. I first bought this after it dropped 90% within a week. Its down near 90% since. Neither you or I have any clue if this will finally bottom .10 .05 or .01. What you doing is not investing, its blind gambling randomly picking spots without an exit strategy if your buys are bad.

Happy turkey day