Delcath Systems Inc (DCTH)

[james_west_1965]

Do you know the history of this stock?

Do you know this just came out of a huge reverse split and reverse split three other times? I had bought in several times when it was below $1. I went through the times where shareholders voted down a reverse split but Simpson overruled them and split the stock anyway.

I don't know your familiarity with reverse splits, but typically it is all bad. There are a bunch of dreamers on this board that have come on recently. When a reverse split occurs, shareholder value is diluted by the amount of the ratio of the split. Shareholders don't like that and bail. They have bailed for the last 5 days along with heavily shorted. Most are not coming back. Those who are still in but are "averaging down" have played a very risky game. This stock did a small recovery yesterday but it will not return anytime soon to where it came from. Investors/stocks don't trade that way until well after the reverse split is forgotten.

So you can say all the news that is coming up. That means nothing to those who know Simpson burned, fried shareholders and only the hopefuls are left. Take any gains or partial recovery of losses yesterday and run. Count your blessings that you got a bit back. DCTH turned out as a very very bad investment for those who know about this company.

James