Are shorts getting out of the way? Watching the ticket minute by minute near Thursday's close, the price was bobbing like a cork on very low volume trades. Every time price ticked up, it was immediately met with a sale lower. Looks like desperation trades to close out short positions before the annual meeting next week. At this point, it is hard to believe that any trader would buy a new short position. On the contrary, the risk is to the upside. Especially since it is likely that DC will reaffirm guidance that the switchover to better insurance reimbursements in Germany is on track and product sales have regained momentum. CTSO should go modestly higher over the next 10 trading days. Plus, the 2nd quarter is in its final weeks now, so fresh accelerating quarterly sales should overtake last quarter's flatness. But to be sure, it has been tough to hold long positions in CTSO through this period. Perhaps 2Q numbers will indicate that CTSO revenues will likely double in 2017, especially if DC and Block point to continued growth in various revenue streams from around the globe. Personally, I wish DC and Block would provide more info about the numbers, and less about medical stuff. DC tends to think he is talking to other doctors, so the business details get glossed over. Investors need more light shed on distributors, key customers, various foreign markets and growth of global segments.
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