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I told you yesterday - I bought in and am long. I sold when it was high as this was in a severe downdraft. I saved myself thousands of dollars doing that.
I am back in as I see this as a good investment again and am anticipating another run. Simple as that. You can say how loyal you are if you want by taking this down from .25 to .055 but I would say that is just foolish. So I believe the correct "side of the fence" is the long one currently.
Potential is high for money to start flowing back in with the 2nd store up and running. This will obviously help with the balance sheet and revenue numbers. This is literally twice the company it was when it was trading at over .20 a few months ago. Management is executing the plan and if they can start showing some profits they should be able to expand much faster.
I think the buzz will return with this expansion and I think this will eventually start running again. This time - will go higher than the .25 levels it got to last time. Could be sooner than you think, too.
I like the news - outstanding potential. This could take off back over .20 again. I am back in.
RSI has cooled way off -- from 90 when it was over .20 to the present day levels of 30 at .06. There's blood in the streets here and has been for some time.
I know a lot of people on here don't want to listen to you but you have been the one voice of reason on here that has been correct the entire time. Frankly, I do not know why you spend so much time on here but I am grateful I listened and got out some time ago before I took a REALLY big hit here.
I am still watching but I think I will let this play out and see if they can right the ship. I do not trust the CEO at this point. I think she wants to get this on NASDAQ but that will take a 1-100 reverse swap and I still won't touch this until they are reporting profits - NOT revenues.
Looking to reverse again. A few days ago I called the top at 6.00 area and was able to cash out as this appeared to be very top heavy. Right now I think we are bottoming out and the risk has diminished. Back in!
- RSI has cooled down from over 90 to 53, settling in to more comfortable levels.
- Upcoming ER, bargain hunters as well as 3mm FDA approval are catalysts
- Bouncing off 4.22 (double bottom) could see one more time Monday
- encouraging buying signs at Friday close and AH movement
Price is much more attractive at this level and I think we get a little run into the ER in a couple weeks. I am already back in a little but I will add more if it dips and bottoms out Monday.
Eagerly awaiting the next ER.
I have been extremely bullish on this stock for some time and you have to really love the move it has taken. In the last couple months it has gone from 1.31 to a blistering close AH at 5.90 today. I love the prospects and potential here. However.......
Be careful here. This is looking a little toppy to me up here.
1. RSI has heated up to near 90 signalling that it is overbought.
2. More insider sells by Pope and Slattery tonight. This is a scheduled stock option plan predetermined, but this will cause some selling.
3. Needs to consolidate a bit after a torrid run.
4. Another hitpiece came out yesterday. Strangely enough there was no reaction to it. They used to just tank the stock for days with it.
I still love the stock and long term prospects here. Probably the smartest thing one could do would be to just lock this away for 10 years and collect unbelievable returns but I think short term this could take a hit. It probably would be smart to have some dry powder on hand if this consolidates or to sell up here and buy back down lower. Keep an eye on it but if this nosedives the next few days don't say I didn't warn you! Don't shoot the messenger!
Just keep a close eye on that RSI.....
I think it would have to be bought out for a minimum of 20.00 right now and I am sure there are a lot of investors that would be happy with an immediate gain of that magnitude. However, Pope has much much higher dreams for this stock. No way would he sell it for a measly 20 a share -- he probably will sell some day but I bet he is going to look for much higher -- say 100 a share if he can continue gaining traction and make the sales. But that will take some time and a LOT of sales.
Just don't expect that anytime soon -- he wants a lot higher than 4-5 bucks a share that's for sure.
GREAT DAY FOR US!!
This grinded away at 4.00 all day then really popped at the end into after hours. The true test will be early next week to see if we can hold the gains but time will tell and we shall see. Inclusion on the Russell appears to be a giant boost today!
I feel very confident on this company right now and the further this thing goes, the higher the price tag will be. I do not see a partnership or buyout in the near future. CEO Todd Pope seems very content building the company from the ground floor up and if he can keep the sales coming in will not need to drill the investors with more dilution. In fact a few weeks ago he deliberately avoided this and gained financing without hitting the shareholders for it.
The company took a brief hit as the CFO Slattery sold 300k shares of stock but this was a timed event and obviously before the big day today. Next week should be interesting but feeling very optimistic right now.
Upgrade Buy to 6.50 price target by ValuEngine
https://www.marketbeat.com/stocks/NASDAQ/EDAP/?RegistrationCode=SocialMedia-direct&utm_source=GeneralSocialMedia&utm_medium=Social
For whatever reason, the shorts really attacked this company and it came back to bite them pretty hard. This stock has gone from 1.31 to 3.65 just in the last few months and it is on a major roll.
Longs are feeling pretty great right now. Can't wait for Monday!
I need to see net PROFITS. Net revenues mean nothing to investors if you can't control your liabilities - I wish someone would tell the CEO this.
And while you are at it, why doesn't a company with all this net revenue see some type of net profits in the first place! Profits are being skimmed at the investors expense.
Finishing green on Friday though is a good thing and longs needed that. I will keep an eye on it - I would really like to see this company succeed!!
That is correct! This doubles the amount of allowable procedures and makes the unit far easier to sell to hospitals.
This is playing out just the way longs hoped for and this will be absolutely huge for the future. We still have a long ways to go but this is a huge step for this company. Get in now because when this is trading much higher you will be very sorry you did not load the boat down here!
BIG NEWS -- FDA APPROVAL IMMINENT!!!
https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?ID=K180163
It looks like this just might explode tomorrow --- longs enjoy your Memorial Day! Shorts - u enjoy yours as well but I have a hunch DR. BIOTECHGURU's prediction of the most violent uptick in the history of the stock market just might happen after all! lol.
If this is indeed true tomorrow should be a very fun day for the longs!
You are correct. Very heavy volume AH here Friday night. Keep a close eye on this heading into the weekend.
Exactly Geoffroi. You can't keep beating on the shareholders if you want to expand. Other companies will take out a loan or --here's a novel thought -- use profits they have earned to pay for it. Look - I get the fact this used to be .02 a while back and for those who held and are up you needed to sell back on that pullback from .26. That's not smart not to take profits as it is going down.
No - I am talking about the last couple months that saw this go from .26 down to .07 - a whopping 70 per cent decline in 2 months. If they try to expand through dilution again you will NOT be happy with the share price. I guarantee that one.
How about some profits?? Is that too much to ask??
True....so what are your thoughts on this one. With revenues like this they should be turning a profit by now. Will they ever? They can't keep expanding just by printing up more shares. If they announce another store opening you should run for the hills because you know where they are getting the cash from to pay for it.
I used to be very high on this company but I have really soured as the last couple months have been just brutal.
Volume has REALLY cooled off. It will probably take actual profits to get people fired up here. Revenues are only PART of the balance sheet.
No way this closes in the red today. That would make 6 red days in a row and I just don't see it!!
I like your thinking! Things are looking up and I have got to hand it to Sport. He was really down on this stock as this was going down hard but he spotted that rebound and went long.
I know you aren't ever supposed to fall in love with a stock but I really do like this one. The potential for this one is off the charts - one that could make investors millionaires if they hang on long enough. I just wish I had bought more when this bottomed out. We still have a long long ways to go but you can see it way off in the distance how this could play out.
While this would be sensible, I wish you luck on this. It doesn't hurt to try, though!
Agreed 100 per cent. This is the most honest and thoughtful post I have read on this board in some time.
Very nice day yet again my LA friend. We are on a confirmed upward trend and it's looking very strong to close out the week. Dips are being bought with scattered runs of .10 at any given time. It's best just to hold - buy what you can!
Imagine how much you would have if you would have sold at .26?? Or even .20. Heck even .15??
Taking this all the way down from .26 is just foolish....
You do realize the stock has retraced almost 75 per cent the last few months, right??? Not exactly a sterling return or the person I would want in charge of MY money but you go right ahead.
I hope for the sake of these investors that have been here along time that it can turn around and head back up again.
I loved the potential of this stock to get up to 1.00 and beyond but the thing that really bothered me about it was the CEO.
She cares a lot about her employees - much more than the shareholders. She will gladly pick the pockets of the shareholders to give them a bonus. She also loves to report net revenues and I think she believes this will attract investors. It will - until they figure out the rest of the balance sheet doesn't look so hot. I do not think she cares enough about the REAL bottom line and that is profits. She desperately wants to expand but with no profits the most convenient way is to dilute the stock and add more shares. I like some of the things she does but she is not nearly as savvy on the markets as I would like.
This could be such a great stock with the right person in charge - someone who knew how to work with the shareholders and not against them!
Nice consolidation day. This was at 1.81 just 8 trading days ago and hopefully most of you were able to benefit from this nice run. Just hang on because there is a lot more room to grow from here.
If they can get this FDA clearance to go through which would double the amount of allowable procedures - this will get a whole lot easier to sell units.
that is what I am thinking too. That will double the allowable procedures - that is a huge deal if we can get it. It's all about carving out a niche in an industry expected to grow exponentially the next several years!
Good luck General. I think there are a lot of people who are thinking the same way we both are too. Maybe some day we will be back - but it will most likely be a lot lower than .08.
Of COURSE there will be another offering. When this company is looking to expand to another store later in the year they will dilute again. You can count on it.
Investors are losing faith in this company, at least short term. You don't have to take my word for it - just check the stock price and volume. I really want this to go back up to .26 but it sure doesn't look like it to me.
The news was of course very good yesterday. She did say that they were going to require more funding for this expansion.
There WILL be another offering shortly - I guess the sooner the better. This will destroy the stock again. It very well could get ugly short term.
Overall the future looks bright for expansion but there will be short term pain implementing the plan, especially for stock holders. I think if people are patient they will come out of this with very large gains.
Sure hope this call goes well. We really need it pretty bad.
The news announced wasn't that bad - it sure shouldn't have dropped this double digit per cent that's for sure!
This should bounce back if she can have a good call. I am counting on it!
Hey everyone - it was another great day here - us longs have got to be loving it. I think even sport is coming around which I never thought would happen.
Welcome aboard!! You can tell by the heavy buying on here this is moving up back to where it belongs. If we get that FDA approval this will double the allowable procedures - this could REALLY take off.
Buckle your seat belts and get in as much as you can!
THIS WILL FLY SOON.
The MM's stole a ton of cheap shares.
If you see this at .08/.09 -- pound it -- the MM's will move it up pretty fast if you do!
Should move up quickly to .11
no damage except to the guy who dumped at .08 -- lol.
Someone got a great deal though! I would love to load up down here but it won't last long!
Good morning gang - good to see everyone here - should be a great day. Loved the news - it continues to be good as the company works its plan for prosperity.
Big money coming in right now - must be some big news regarding that FDA approval coming in. This will double the amount of allowable procedures and if that happens we are officially on our way to bigger and better things.
Agreed! Starting to sound like a broken record but another nice day here!
This is gaining momentum and won't be in pennyland much longer. I expect this is just the start of a very nice run!
Good morning!! I agree Wack - With the pending news as well as momentum building again this should be a very good week ahead.
I can't believe some of the continuous negativity from a select few - they are really missing the boat!!
Give it up already!
This is rebounding sharply and has a bright future. Not sure what you and the rest of the gang on here are all about but TRXC is going northward with a wave of good news coming in.
When (not if) but when the FDA approval comes very soon and doubles the allowable yearly procedures this will fly.