Replies to post #61 on Obalon Therapeutics, Inc. (OBLN)

[x1power]

Probably will drop share price again next week . . . lots of Friday trade
volume to short towards normal volume daily range?

To me . . . Friday late day stock price rise indicates someone other than small time day traders and shorts is behind activity.

Close to $2 is still fairly decent entrance buy point?
Lets see if company wants its stock price far below $2 . . . if so it thus might mean new stock offering is transpiring. OBLN going to need millions
in sales and training and production costs in 2019 to expand (will they just 'dip' into their present limited cash to achieve that)?

Company salaries and normal business expenses for say 60 employees and
owners will take up quite a lot of present cash company has.
A couple of $100K spend wouldn't do it.

For me (if chose to buy) it would be LT hold position.
If sales expand and revs delta . . . Hedge Funds will buy in.
FDA must have felt company product is very safe.