Delcath Systems Inc (DCTH)

[Phulhouze]

I've been watching this one for a while and actually rode it from $1.50 to $1.70 earlier this year - I managed to get out just in time. I've been waiting on the sidelines till I thought it bottomed and I was able to get back in again at .30. I was trying to get filled at .29 for the past few days and finally caved.

I have no special knowledge and can't advise anyone on when to buy or sell, but my feeling is that we've hit bottom. When I sold at 1.70, there were a lot of hints of disaster to come and sure enough the news couldn't have been worse. My feeling is that we got the bad news out of the way, they've made significant changes to management, and this will start climbing on the run up to the next FDA approval date. What happens after that depends on the FDA outcome, but in the meantime I think there is some money to be made riding this from .30-.40. Just my humble opinion of course - do your own DD