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Vanguard Increases Stake In Delcath Systems By 602%

|Includes: BMY, Delcath Systems, Inc. (DCTH), OMCL
Summary

Selling Pressure Seems to be cooling down

Management seems to be scrambling to get votes in desperation

Vanguard Increases Stake In Delcath Systems

Selling Pressure Seems to be cooling down 

Chart seems to have bottomed out and now trading between MA(20) and MA(50)

Management seems to be scrambling to get votes in desperation 

Outcome of Previous RS 

http://www.4-traders.com/DELCATH-SYSTEMS-INC-30310365/news/DELCATH-SYSTEMS-INC-Submission-of-Matters-to-a-Vote-of-Security-Holders-form-8-K-24609604/

Vanguard Increases Stake In Delcath Systems

As per new SEC filing Vanguard Increases Stake In Delcath Systems by 602% ahead of reverse split verdict 

Source: https://fintel.io/so/us/dcth What Next

Three likely scenarios in September, Given buyout rumors and risk v/s reward ratio we recommend to hold a position in Declath as triggers ( FDA data , merger or buyout)  favor a spike 

 

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in DCTH over the next 72 hours.