Titan Medical Inc (TMDIF)

[pointofreturn]

Yesterday’s price action was simply as I stated earlier yesterday momentum traders moving out since the price is simply not moving up. Alternatively it’s the remaining flippers who did the warrant game.

This is all due to the fact that both groups thought let's wait until meeting and see if Titan comes out with some gangbuster news to drive it to $3.00. When this did not happen, they decided to exit. They will be wrong.

You can tell it’s the flippers who participated in the new issue game for the following reason as well. Notice how the warrants have not really moved on any volume? It's only the stock moving down. There has been no movement in the warrants. Only because people are not selling. In fact, the warrant pricing indicates much more optimism than the share price currently reflects.

The flippers/hedge guys took down the new issue, expected the stock to rise to $2.70 again and it did not, so they are taking a small loss which is mitigated by the value of warrants…..

Let them sell out, the new buyers will make lots of money.

Let’s look at yesterday’s price action as a bit of cleansing (I will take it as the glass is half full). How is that for my positive spin. Of course I would rather see $2.70 or higher but after yesterday’s meeting I know we will be there.

Long and strong