Saturday, June 13, 2020 11:18:18 AM
First I made an error in my previous post saying that Titan Spine and MDT buying them were TMDI's as Titan Spine was private company not related.What was interesting was MDT bought Titan Spine out for undisclosed amount on the same day Boston Scientific bought out another spine player.MDT had to stay up with the ever changing competition and field as it is a moving target.
Lastly, lets dig into your homework on stock moves.Stocks moves are greatest when supply of shares are low like anything below 50 million OS is what I look at. However,you can have a stock that has 80 million OS and have a high BETA (near 4 for TMDI) and the stock will move like it has 20 million OS. As TMDI moves forward in the news and articles come out with regards to new patents awarded,milestones crossed, upgrades, etc....the institutions will have already have been buying shares and holding.This lowers the actual shares out in the playing field- or float that are available to purchase. TMDI with the high BETA uses the halts which are good imo because it will work in our favor on the uptrend.
So, in closing for today we don't need institution to create volume as the float gets bought up(plenty of retail money as you have seen this past week with low priced stocks-momentum) to rise and break cross resistance areas that will become new support areas.
You want TMDI stock to rise like everyone else that is long. Just buy it and count on a long term tax gain (12 months) plan. Now if TMDI gets bought in say within 9 months then chances are it would not close for another 90 days so there is your lower long term capital tax rate at 15% versus -treated as earned income bracket with short term gains.
Sit on hands and buy what you can afford to risk as there is always risk in the market as look at 9-11 fiasco for us investors.Nothing is a sure thing in today's day and time. Made my last post today.
Have a great weekend and don't forget go read the filings today. It is your $$$$ you are investing with. Thanks Roll.
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