Replies to post #25041 on Delcath Systems Inc (DCTH)

[benandemmiboo]

Monday would be the third day after the ascending Wednesday stock price, so it's likely one more bad day on Monday (at the very least) in order for the note holders to get a 3 day average based on prices all under $1.00.
I imagine the stock price will move up to around 80-90 cents initially, or maybe even a dollar. If so, I'll likely try to exit on a gamble it will then fall to 50 cents. I hate having to take such gambles, but would probably even be enjoying this currently nightmarish situation for myself if I sold after release of the 8K, then withheld re-entry for at least 3 days after it.
That said, hope it just keeps shooting up on Monday, but it hardly makes sense that it would as it does not benefit the note holders and they have more control over the stock than anyone at this point.
Posting this in hopes someone either tells me it's stupid to make such gambles, and that stock will be $2 within a week, or that maybe someone re-confirms the likelihood that the stock will refrain from going up for at least 3 days after the 8K.

[SAMNOTSAMUEL]

It is rare we share the same camp. I don't care what the insiders were doing, financing was a threat, beats me why somebody would have bid up over $2.00 going into a close. You got to win at playing the game, me not terribly great, tough racket.