Replies to post #1857 on Tetraphase Pharmaceuticals, Inc. (TTPH)

[rusty8350]

As of August 2, 2017 there were 51,053,448 shares

From most recent 10Q out on Wednesday afternoon. They "missed" for the quarter, spent a little more on the trials than the street expected. That's my thought process on the significant drop Thursday.

They had $118 million as of June 30th but have sold shares and closed this offering. By my figures they have $220 million in cash right now.

[rusty8350]

What do you think, purely from that perspective, without taking any other factors into account? Maybe too soon to tell, but sorta looks like a bottom forming after the selloff to me. Support on the weekly chart?

I'm chart driven

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