Titan Medical Inc (TMDIF)

[RockoTaco]

17 days until Medtronic shows its hand. Sell on Monday and to avoid wash sale penalty one will have to buy back on October 15th. Is it worth the risk? Hey if you believe it will go to $1 b/t now and Oct 15th, might have to think about selling. You do have 30 trading days and Titan could be part of Medtronic's platform or maybe JnJ decides to partner. IDE Submittal will definitely happen before October 15th. Possible that Titan announces who their endoscope supplier is or finally announce the WW supplier of end effectors since we know it isn't Microline. THey should announce the CRO, they should announce who their IDE sponsor is (has to be a biggun - could stryker come into the mix).

They also have to do their rebranding, all of this is possible in Q4 and we are 3 weeks from Q4. Investing is like gambling, i guess everyone has to ask themselves how much risk is involved in gambling. I doubt it will go down to $1...sell now at $2 and hope it goes down but if it does and one is lucky enough to buy back in after wash sale and it is at $1.80, you would be fortunate to get about 10% more in shares BUT if you sell at $2 and it goes up to $3 before October 15, you would lose 50% of your shares.....is it worth the risk and are you going to let other people dictate what you do with your hard earned money...you shouldn't, its your money.