Asensus Surgical Inc (ASXC)

[longtermgems]

officially at a loss on TRXC, which i cant complain, as I have no plans on selling this one for a few years, but this past days action has been unsettling, with some shorts piling in. Clearly jumped the gun of buying more at the close yesterday at 3.30. I was down on Nokia and PLUG big time for a few months before MSFT bought Nokia and Plug avoided R/S, so im unfazed by this action because I know TRXC will be successful just like I knew Plug and Nok would be successful. I've dont this before, i'll do it again.

Their advanced energy device is comparable to the electro device showcased by TITXF in their video this morning but far superior imo as TRXC's thermal skin cutting device creates no plume or smoke. Considerable amounts of plume and smoke can be seen in TITXFs video when the electro energy device is cutting the tissue.

So fundamentally I think this is a no brainer and an awesome opportunity to pick up shares at super low levels, with a far superior product than the competition and months away from FDA approval.

But there's no doubt mgmt misstepped. To conduct a R/S and secondary practically at the same time destroyed significant value.

Then again one can consider the idea that TRXC was grossly overvalued to begin with. thats another debate.

To not buy at these levels is just a missed opportunity if you go for the long haul