Enteromedics Inc (ETRM)

[teq0904]

The market is usually a bunch of dopes who don't want anything complicated, so their eyes glaze over when it gets to the part about reimbursement codes and the efforts required to get them in place. Their next step is to look at their shoes and mutter "There must be something wrong, look at the sp dropping. I don't know anything wrong, but there must be if the sp is not going up." They wait until it moves up before they buy in.
I have been in other devices that had lengthy delays with the bureaucratic FDA asking anal questions that required experimenting and re-submission to satisfy the FDA. Every re-submission meant they had experiments completed with the answers available (otherwise they would have given up the device and called it a dead end), but the sp dropped 30%, permanently each time.

So this could move unexpectedly when some news comes out. just like the other one I held did. No one is stronger than the markets, so eventually the tide of good news gets recognized, and the charts are forgotten.
At 20 minutes he discusses Reshape's recent approval which is in a much different space they are in - perhaps that is the market's concern.