Decision Diagnostics Corp (DECN)

[Leirum]

Classic Cup and Handle Formation in the works? Time will tell.



If one only looks at what is, you might never attain what could be. What was yesterday is like a dream but what will be in the future is the vision. This kind of the unexpected of events can hit every company as can be seen by looking at some companies who went through such waves and cycles. Now, the argument could be, that some trade their positions through such cycles and get the maximum out of it or just sit it out, of course as long as they believe in the story of a company. I could post here charts from many companies that were “a story stock in the year 2008” and went through waves and retracements between 50 % and 80 % just to outperform everything once the period of solving the problem of the unexpected was over.
You remember the last time when the stock moved from 0.015 to $ 1.- in short period? And if you were part of it, do you remember the reason why? If so, good, then it will happen again and remember one thing, DECN already cleared once the FDA hurdle against all pressure from J&J, why should it be different this time? Read exactly what was the reason why the FDA send a letter to Sashta and read as well the statement of explanation from DECN what it is all about. And then having read those 2 letters and statements, ask yourself, what has or had DECN to do with the FDA complaint? Nothing, as they were not even mentioned. But then you should ask yourself why DECN through its subsidiary acquired the technology ? And then, we still have the good old bond out there and a treble damage claim versus J&J. Is there any premium build into the stock – nothing. What will then happen if the “rubel” rolls? And Last but not least: The distribution agreement to resell Genstrip in the territory of Russia (not a small country) is a fact and the terms as well. Then DECN became a private label supplier of its Genstrip product of Meijer a large supermarket chain, with stores primarily located in the upper midwest. The hands of Mark Krakauer are all over the board and at a certain point the market will see all and reward those who are going through this kind of period.
So let the company go through the K10 and 10Q process and accept the fact, that they could do nothing to prevent this delay and it has nothing to do with the business as such nor with the management. Can happen to every company.