Enteromedics Inc (ETRM)

[rocketeer357]

ETRM has been an albatross in my holdings. I played the favorable adcom ruling and held my shares, but I'm not so confident that there'll be a big run-up here today due to:

1. 4-5 efficacy vote doesn't bode well
2. I know (and if I know then everyone must) that there's no way the FDA approves VBLOC without additional data. This means another study, which puts approval between 3 and 5 years from now if the company is lucky.

That's a lot of shelfs from now.

Whatever the PPS today, I'm happy to be selling this company at a price north of the .90 it would have hit had the adcom been really brutal.

GLTY