TSXV:TRL.H - Post by User
Comment by
knollon Oct 26, 2013 6:10pm
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Post# 21851832
RE:RE:-46.00% What?
RE:RE:-46.00% What?
thought I was the only one who saw this as something postitive. My biggest concern was nothing was happening. I had images of the Trimel folder sitting on someone desk collecting dust. It was comforting to know that it was looke at and assessed. For me it was only 7 questions to clearify. It never occured to me that the FDA would not have any questions ( I renew my morgage and the itch ask me a million questions). There is nothing here to justify a 46% drop. I was expecting another flat day. Well wasn't I surprised.
This is forward movement - it is a positive thing.
A catastroghe would be if they have to black box this. That would justify a 46% drop because something fundamentally changed about the product. No black box gives Contempo a competitive advantage. So something along that line ya 50% drop. Not 7 questions forwhich we don't even know the questions.
2.6 million shares got sold (a %age would be a short position imaging) but 2.6 million shares also got bought. For the record 6000 of those bought was me. Either I wasted another $3000 or just averaged down some.
Contempo is still going to be the best option in its class - I think I averaged down.