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Nice move out of the gate this morning. I think we will get to $20 soon. GLTA!
Very nice day today for all. My Call Leaps have been going through the roof. Bigger gains than I anticipated. Hoping for some big volume today. GLTY!
IMO, we will definately break $8 today. GLTA!
I get the feeling the DJIA really wants to cross that line to green. Will be an interesting close regardless.
I never complain about locking down a profit. You know the game, even if you miss this one, another opportuity is right around the corner. GLTY!
Just about decision time. Do we fill the gap, or not? I think yes. GLTA!
Price action very good today, despite weak volume. Looks like the sellers have left.
Have some big blocks (1M+) dancing around the bid the last few minutes. Interesting.
A significant gap up to 18.50 looks like it might get filled. That has shorts covering, especially with the overall market showing good strength above a key resistance level of 12,600 which has now reversed to a strong support level. GLTY!
Good day for CHK and the market. Very nice finish. Enjoy the weekend and GLTA!
$18 in the Crosshairs. GLTA!
Good day. Adding some breathing room between current SP and 50 dma. GLTA!
$7.74; Time for BAC to make it's Move. GLTA!
PS: Forgot one other point; Watch the VIX. If it falls below 21, it will indicate completion of the “head and shoulders” pattern and I anticipate a precipitous drop to the 16 area.
Thoughts and Opinions; Things to Pounder:
- Greek elections a moot point. The real question on the Greek's mind is whether or not they beat Russia tonight! Don't let the media hype and shorts drag you down.
- DJIA crossed up and over the significant level of 12,600 yesterday. If it holds, rally likely with retests in the 13,000 to 13,300 range.
- BAC option expirations for 16June12 show max pain at $8. I think BAC has to at least try and get there today. Solid ground above $7.74 triggers many buy signals for BAC.
- BAC Call options had huge volume yesterday.
- BAC Call options (max pain) pointing to $10 by Jan2013. IMO we will likely see $10 much earlier.
- Major milestone with foreclosures this week. First rise in 2+ years and it was significant. Combine that with open mortgage contracts going through the roof and it is all bullish for BAC.
- Europe taking aggressive steps to correct their financial mess. Arguably a little late, especially after our lessons learned, but they have the wheels back on the bus none the less. You will have to work hard to find that in print, in US financial media.
GLTA Longs!
Quote: "Lovin the "W"...enroll to my Olden "W" charting School and "W"in"
Just a little farther to go on this BAC "W" and we should be off to the races From one old man to another, GLTY!
Not looking like I am going to get my price GLTA longs, I think that gap to 18.50 may get filled if this market can hold up.
We really need to take out that 50 dma tomorrow and have the 10 dma cross over to the upside. GLTA!
Would have liked to seen a stronger finish, but can't complain about 2%. DJIA 12,600 is a critical support level. If we hold it, market could move up nicely from here and finally push BAC in to break-out mode. Tomorrow is options expiration and calculated max pain is sitting at $8. Could be a good day. GLTA!
We may be off to the races again. GLTA!
Have a a few decent bids stacking up now. GLTA!
A close above 7.74 would be great for the chart. GLTA!
All aboard; time to get some in the 5s. GLTA!
Quote: "but u know the real story...sell short"
Good call! Will hold the long position for a while and consider going short between 10 and 12, when we are due for next correction. GLTY!
Quote: "Short to .0001 and you will be rich...cmon...can you see BAC going to 14$?"
Don't know about $14 near-term, but I hope you are right! I will be thrilled with 8.50 to 9.00 range over the next few months. GLTY!
PS: DJIA solidly above 12,600 and BAC solidly above 7.62 and the fire works begin. Should be fun!
Fireworks at $7.62; Agree
BAC Chaiken Money Flow (CMF) 20 Periods about to go green. The last two times it went green the stock ran up 45% and 25% respectively. GLTA!
http://stockcharts.com/freecharts/gallery.html?bac
About ready to turn green for the day, despite the divy
VirtraWatch,
Thank you for the correction. Good to have you on board, I think.
Looks like we will have a shot at $8 today, but I suspect we will leave another open gap in the chart. GLTA!
May take out $19 today with a strong market. GLTA!
Quote: "The powerpoint slides mention that LM has "massive manufacturing capacity." I don't think they would put that in there if there was no possibility of using it."
I agree Schneid, I picked up on the same point in the ppt slides. If Virtra's products were to catch fire in a hurry (possible with a partner like LM), I can envision sporadic demand signals exceeding Virta's supply capabilities.
Quote: "I'm curious which Sim will be sent to LMT orlando. I believe it to be the virtual lane-range as Meggitt has nothing like it in their portfolio...."
I have to believe there will be a virtual range set up (maybe a 1/2 dozen lanes), plus a Sim 300/360.
Weeble,
As Teeroy alluded, my definition of system is more on the order of 1x 300 or 360 Sim plus a half a dozen or more lanes; or more simply said a system loosely equates to 1x GM Academy footprint.
Once the Virtra products catch hold in US/International military circles, I envision the typical system to consist of a 300/360 Sim plus a dozen lanes. Most military range facilities will not want to deal with the cost/hassle of reconfiguring the 300/360 Sim for lane usage, plus, having separate lanes and a 300/360 Sim supports a much higher training through put.
I have been planning to do some research in to what the potential number of system installs would be for Virtra in military application, but that is no easy task. I do have knowledge of the potential for the US Navy (not including the USMC), which could easily equate to 24+ systems. If you just add in the potential numbers for USMC, USA, USAF, USCG and NATO (28 Nations); you are talking a couple hundred or more systems (my very rough math and extrapolation). Then you have US LE and the rest of the world’s mil, LE and commercial application.
The potential is huge for Virtra and they have products, they just need the right partnerships, and I believe they are making good progress with getting those partnerships in place to take Virtra to the next level. GLTA!
What Keeps Shorts Up at Night:
Borrowed this from the Yahoo msg board; titled "The Path to $12 by July"
- Spanish Bank Bailout to $8.50
- No Moody's Downgrade to $9.25
- Favorable Greek Election to $10.00
- Supreme Court overturns Obama Care to $11.00
- Earnings blowout to $12
"PS: Write some $15 covered calls for Jan14 and then buy some cheap out of the money puts with your proceeds. Costs you nothing other than giving up the shares at $15 (100%+ profit), and lets you sleep at night during these chaotic times."
Sorry for the confusion Team CSCO, this post was meant for the BAC board.
Quote: “The state of my emotions and your perceived diagnosis of my mood had nothing to do with labeling your post "the dumbest YTD 2012". “
Bill,
First off, let me apologize for getting personal with the “emotional” comments. Out of line and not my business, and there is no way I can make that kind of assessment with message board chatter. With regards to my “grateful” comment and your "the dumbest YTD 2012" comment; both are personal opinion, and for me the juice isn’t worth the squeeze to debate it. It is my opinion we will see a PR on the LM sale; Virtra has pretty much broadcasted that fact on their website’s PR calendar.
Quote: “As for your buying shares at these low prices, you will see that 72K+ shares were traded today. Apparently you and your bargain hunter friends were on the sidelines as usual.. Put your money where your mouth is, my shares will cost you a hell of a lot more than .072.”
I am a bargain hunter and I’m pretty good at it. I recently purchased some Virtra in the low 5s and flipped it for a quick profit, but I’ve continued to hold a substantial position that took me over a year to build. When I decided to invest in Virtra, I had a vision of what I thought was possible in a couple years’ time and that vision is coming to fruition. I’m prepared to throw a little more money at Virtra with confirmation of audit, appearance of a management team that has strengthened their vision and strategy, and the LM partnership as well as some other partnerships that appear to be emerging.
Quote: “We do agree on one thing. The LM relationship could provide a big lift to VIRTRA if anyone knew about it.. As for your comment that you KNEW that GM/VTSI was a loser from the beginning, I would really like to know how you arrived at that conclusion so quickly, because the rest of us dummies were really counting on a giant score...”
I’ve been to LM’s Global Training and Logistics Center and seen their toys. If Virtra is getting a gig at this facility, I can assure you the word will be out and people will know, PR or not. Most importantly, many people, many countries (mil and non-mil) will come to know Virtra’s products which equates to sales. The last time I was at LM’s facility in Orlando was early 2010, and they had nothing in their toy room for small arms simulation and range simulation. I suspect Virtra will be LM’s first display/demonstration in this arena at the Orlando facility.
With respect to GM, I never said it was a loser and I have been thrilled by that arrangement, but I don’t view the Virtra products as being optimized for commercial application in their current configuration. My DD on GM in order to come up with sales projections predicted the peak Virtra installations at 30-40 units based on local population, GM foot traffic and store revs. Additionally, GM is struggling financially and has been for a few years. The competition with Bass Pro and Cabellas is fierce, and GM just doesn’t have the capital to roll out dozens of these multi-million dollar facelifts, and the addition of an academy at $1.5M+. The talk on this board about 100+ Virtra installs with GM was way over the top IMO.
IMO Virtra could do 10-20+ systems a year with LM, with a potential for many more. GM wouldn’t and couldn’t ever achieve numbers like that. The only way Virtra can do that is through international LE and Mil sales. LM can help them do that. In my view, the best thing that came out of the GM deal is that they proved to themselves and others that they could ramp up the manufacturing capacity significantly. I’m sure that was an important factor to the LM relationship coming together, though I get the feeling, LM may take on some manufacturing if required. Peace and GL!
PS: Write some $15 covered calls for Jan14 and then buy some cheap out of the money puts with your proceeds. Costs you nothing other than giving up the shares at $15 (100%+ profit), and lets you sleep at night during these chaotic times.
The EUROCUP started this weekend and they are all playing nice this month. Europeans come together during the cup like Americans for the 4th of July x10. I think the Spanish bank bailout will be closer to $40B and DE and FR are already behind that amount. If it goes to $100B, that will definitely send a shock to the markets and create another buying opportunity.
I think Spain got a big wakeup call out of the Greece fiasco this past week ("the slap"). I think they know they have to buckle down and fix it, there is no white night coming to their rescue.
Even if Spain goes bad and maybe Italy too, it will be good for US banks after the media hype. Europeans have to put their money somewhere and that pretty much leaves it to DE and the US.
GLTY!
Quote: "wait for the pump!"
50 dma will cross below the 200 dma early next week. That should put some downward pressure on the stock. I wouldn't expect a pump until that damage is done. I really want to start building a position in this company, but wrestling with the price. I'm fairly confident bottom is between 16 and 14. Hoping for a re-entry around 15 and will hold back 2/3 to 1/2 my capital in case we get near 14. The market uncertainty is adding to my internal debate GLTY!