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That is just sound investing! Good move and congrats!! I have a figure in mind to do the same. I just want to build my holding a little bit more while staying under $2 per share. Then if I can sell a handful to make back my initial investment (and find another) I can sit on a chunk of Titan that will do ALL the work.
I may need to unplug my computer until 5/22!
If it drops below 1.90 I may go another round!
Just got my order filled at $2... now gotta scrounge up some lunch money.
lol! as we all do! Go long, Go Titan!
Just buy yourself a TAG Heurer and countdown to your next big return! The rolex will be waiting!
Nice!
Yep!
Beer money?
I hope they throw out just a "teaser" before 5/21. They need to stabilize and get people talking!
I will as we get closer to close. Is the market closing early today?
Just put an order in for 14k more at 1.99. Buy folks, buy (but wait til my order fills). lol
Not sure waiting a year to pull the trigger on an acquisition is smart since Titan will have probably cemented a long-term partnership to market the SPORT system way before then.
Cuin2 - You dont have to sell me on it! I am in...and for the long haul. I seriously do appreciate your knowledge and enthusiasm. I do see all the potential in this that you do. I was turned onto it by a family member who is a surgeon in obstetrics/gynecology.
I have also been working in the pharma industry in both marketing and clinical research, and you are right, medical device approval is a "different animal." Im speaking more as an investor... Again it comes back to psychology. If someone has bought in now, has or develops a preconcieved notion that the stock will be at a certain point at a certain time, they will be let down if it falls short, even if they've made a nice ROI. Often times people pull out of investments when that happens, which affects others invested. So I am just trying to counter a little bit of the enthusiasm with some preparedness for the unknown, that's all. Long on Titan is about as good as a speculative investment can get.
Yes, that's what you need in an investment like this... blind faith and nerves of steel!
Ditto!
I have to concur. This has been my point in several of my previous posts. "pie-in-the-sky" projections are great - and let's hope we reach and even exceed those expectations. But as confident as we are in this product, it is still speculative. To make comparisons to ISRG is premature and to expect to have triple digit pps soon after launch is overly optimistic IMO. If this product is everything we expect it to be, we will have made a wise choice. But it will take some time and there will be bumps in the road.
Agreed that execution of strategy is paramount, but in the end it all comes down to efficacy of the product (...and hopefully little to do with "politics").
From the FDA web site...
Premarket Approval (PMA) is the most stringent type of device marketing application required by FDA. A PMA is an application submitted to FDA to request approval to market. Unlike premarket notification, PMA approval is to be based on a determination by FDA that the PMA contains sufficient valid scientific evidence that provides reasonable assurance that the device is safe and effective for its intended use or uses.
Agree on psychology!!
I didnt say dilution is holding us back, I said it is ONE of the reasons our pps is where it is today.
I agree with everything you are saying about splits / reverse splits. I don't want it to happen. The only benefit for Titan at this time is the possibilty to uplist, but that will happen fairly soon anyway.
I do want to make a point though. The effects of a split or a RS are really just psychological in nature. A split in and of itself is neither good nor bad. If you dont sell or buy additional shares, you will still have the same percentage ownership in the company regardless of a 1 for 5 or a 5 for 1. It affects the pps and the number of shares you own - both psychological barriers for many investors.
As many of you have pointed out in past posts, market cap is the key and dilution is a problem. Dilution is one of the reasons we are hovering just above $2 right now. Luckily It seems we are coming to the end of that road! And as many have said already, a little news will go a long way.
Just bored so...
Thoughts on this scenario. But first try to put your feelings about ISRG on hold. Think in terms of your investment...
A reverse 1 for 2 stock split followed by acquisition by ISRG where Titan stock rolls over to ISRG 1 for 1?
ISRGs stock would drop short term but the chances of having a high pps long term, given their market control, are pretty much guaranteed.
Would you consider a 1 for 3 R/S in this scenario?
Ditto!
...and what will be the opening pps on May 22nd, 2014?
Best guess everyone... What date will TITXF hit $10 ps?
It would be nice to hear the "post-approval vision" for the company.
Damn you guys are good! lol
Agreed! Now going back to a quick point I made earlier today. Hargrove's age... Could that be a factor in where he could take this company? He may want to "cash in" sooner rather than later.
The acquiring company's stock typically falls at the same time, which is an opportunity for those stockhokders of the company being acquired. Hence the reason I think a company like JnJ would be a nice suitor for an acquisition bid. I'd much rather buy into JnJ on an acquisition dip than an ISRG.
Stock price behavior after an acquisition...
http://www.cnbc.com/id/43310394
Your brokerage house will compute the cost basis prior to the sale.
Remember, as stockholders, we will get a say (vote) in the terms of the acquisition.
No, it all depends on the terms of the sale.
JnJ is a much safer bet too. Id prefer a company with a diverse product line!
I could see that! JnJ would be solid. Their sales force would be a huge plus. Big sales in the first couple years would be all but guaranteed. As much as we'd all like to see Titan go it alone, I just don't see how they can. Surgical robotics will be much more competitive in a few years. They need to hit the ground running and not waste time developing a sales force.
Lets hope he's not too patient... He's got to be in his mid seventies.
I concur!
I feel bad for them too! They were very much led astray. That's why these OTC stocks are dangerous. The key is to watch what the "insiders" are doing. Someone said it on here few weeks ago... the fact that some of the execs aren't drawing a salary and are being paid in stock speaks volumes. The technical and clinical expertise behind the device does as well. It's always a risk but something feels "right" here.
Right on the money! That's why I try to keep TITXF in perspective. This can go "south" at any moment. That being said, I really do think we have something "special" in the works here.
CUIN2 - I read the post LTG wrote in response to your post last December. Something tells me he's in a bunker somewhere!