TherapeuticsMD Inc (TXMD)

[Tlsmd]

I am new to this board. It appears that they are having problems getting their approval through the FDA and recently have a burn rate of about $15,000,000/yr. They are left with a bit over $90,000,000 Cash which should help them over the bumps until they hit on at least one.The Friday opening was encouraging and then it fizzled out. Technically speaking the only encouraging thing I see is that recently it has been making Higher Lows. Today's low of 5.20 maintains this sequence. Resistance to going lower,IMO, is 4.80 however, I would not like to go through that test. That would break the Higher Low sequence and probably cause technicians to sell and further decrease the price, which surprisingly enough might present a Buying Opportunity. The scenario I prefer is for it to dig in right around this 5.20 area. Personally, I am willing to risk to the 4.80 and then depending on the action Buy more if it gets hit really hard or take a small loss and move on. This is all my thinking and only my opinions. Good Luck to All. Tlsmd