StockGuru Spotlight – July 8, 2010
PTSC, HFBL, IVFH, FSWA, EGSR, SRRL, BONZ
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Check Out our StockGuru Spotlight Picks. We bring you trading news you can use. While you can never catch the exact high after our pick we show you the potential.
Many of these are trading at or near their highs. Some have retraced their previous highs and are trading closely there again.
Take a closer look at picks still trading close or near to their highs since StockGuru’s Original Pick Date.
Stock Guru Pick Date |
Press Release | SG Announcement | Pick Price | High |
Up As Much As |
June 16, 2010 | WNDT | WNDT | $ 0.19 | $ 0.43 | 126% |
May 26, 2010 | FSWA | FSWA | $ 0.05 | $ 0.10 | 100% |
June 2, 2010 | ECHD | ECHD | $ 0.15 | $ 0.30 | 100% |
June 22, 2010 | PROP | PROP | $ 0.16 | $ 0.30 | 96% |
June 7, 2010 | NVNC | NVNC | $ 0.12 | $ 0.22 | 83% |
June 8, 2010 | SITO | SITO | $ 0.93 | $ 1.61 | 73% |
June 8, 2010 | CABN | CABN | $ 0.07 | $ 0.12 | 65% |
May 27, 2010 | TOVC | TOVC | $ 0.33 | $ 0.53 | 61% |
June 15, 2010 | ABHD | ABHD | $ 1.99 | $ 2.90 | 46% |
May 25, 2010 | DCMT | DCMT | $ 0.30 | $ 0.43 | 43% |
June 11, 2010 | VLCO | VLCO | $ 0.05 | $ 0.07 | 43% |
June 23, 2010 | CICI | CICI | $ 0.056 | $ 0.08 | 43% |
June 17, 2010 | RBYC | RBYC | $ 0.39 | $ 0.54 | 38% |
June 15, 2010 | VCSY | VCSY | $ 0.03 | $ 0.04 | 38% |
June 1, 2010 | CTIG | CTIG | $ 0.06 | $ 0.08 | 33% |
June 23, 2010 | SPIN | SPIN | $ 0.65 | $ 0.83 | 27% |
June 18, 2010 | SFES | SFES | $ 1.35 | $ 1.70 | 26% |
May 25, 2010 | CTIX | CTIX | $ 0.45 | $ 0.55 | 22% |
June 9, 2010 | BNLB | BNLB | $ 0.33 | $ 0.40 | 21% |
July 2, 2010 | VUOC | VUOC | $ 0.30 | $ 0.35 | 17% |
June 8, 2010 | ZTHO | ZTHO | $ 0.95 | $ 1.10 | 16% |
June 22, 2010 | CLKZ | CLKZ | $ 0.90 | $ 1.03 | 14% |
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Yesterday our Contrarian Pick, Nephros, Inc. (OTCBB: NEPH) traded down. We are likely to see many spikes in this company in the next few weeks. We have seen incredible movement in this stock both up and down. This is an excellent stock to watch for activity over the next few weeks.
Nephros, Inc. (OTC Bulletin Board: NEPH) is a medical device company developing and marketing filtration products for therapeutic applications, infection control, and water purification. On July 7 the Company reported that the U.S. Food and Drug Administration has issued a formal response to the company’s 510(k) application.
On June 30, Nephros received a final decision letter from the FDA for the company’s 510(k) submission which stated that the FDA could not reach a substantial equivalence determination for the company’s hemodiafiltration (HDF) system.
“We are disappointed both by the FDA’s decision to reject our application and by the fact that the company was not provided an opportunity to address the current comments prior to a final decision being rendered,” said Paul A. Mieyal, acting CEO of Nephros. “After more than 15 months without a substantive communication, the company expected either an approval or further dialogue as the next step in the process. We feel that the issues raised in the current letter are addressable and have requested an in-person meeting with the review team to discuss options for moving forward.”
“Outside of the United States, hemodiafiltration is widely regarded by nephrologists as the gold standard therapy for dialysis patients. We are disappointed that the availability of HDF therapy in the U.S. has been further delayed,” commented Lawrence J. Centella, a member of Nephros’s Board of Directors and former Chief Operating Officer of Gambro Healthcare, Inc.
Next Steps
Nephros has requested an in-person meeting to discuss the issues raised in the current FDA letter as well as the process for moving forward.
Based upon the in-person meeting with the FDA reviewers, the company will determine the appropriate course of action, which could include filing a new 510(k) application or filing an appeal related to the current application.
Nephros has engaged King & Spalding LLP as regulatory counsel to advise the company in its next interactions with the FDA. The company also intends to utilize the FDA’s Ombudsman process.
Impact on Operations
The current decision by the U.S. FDA with regard to Nephros’s HDF system does not impact the ability of the company to market and sell its mid-dilution (MD) filters for hemodiafiltration procedures outside of the U.S.
The Nephros dual stage ultrafilter (DSU) received 510(k) marketing clearance from the FDA in 2009 to be used to filter biological contaminants from water and bicarbonate concentrate used in hemodialysis procedures. The 510(k) approval for the DSU filters is unrelated to the 510(k) application for the company’s HDF system.
Nephros continues to work with STERIS Corporation under the development agreement executed in March 2010.
Nephros is continuing the development of its dual stage ultra reliable personal water filtration system under support from its U.S. Department of Defense appropriation.
News Release NEPH StockGuru Announcement
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