Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looking at the 52 week chart again, I believe that we will see the 50 day move back below the 200 because the 50 day period will soon be dropping the days of the jump in PPS (Nov 17-21), causing a lower average price. I am watching to see how long it holds in this range (1.75-2.00). Maybe 2 weeks but I am expecting a drop if no (positive)news or PR is released, could be back to 1.00-1.20 soon. Soon the 10 day will be below the 50 day which will be below the 200. That tells me a drop is coming. Also watching RSI-14 again for oversold.
Your input and observations are welcomed. Where do you think we are headed?
There shouldn't be any issues, I only asked for updates on the progress of the already disclosed agreements and if they were in talks with anyone else in other manufacturing industries. I did not ask for specific names or if any new agreements were made with new companies. I also asked them general questions about acquisitions. Such as, are there any areas of the company that would benefit from one. Also asked if current production facilities are adequate or would that have to be expanded or would they outsource that.
Thank you for that info. I am waiting for a reply to a letter I emailed to EKSO. One of the things I asked about was if they could give me an up date on the BMW and Ford programs and if there were any others being discussed.
That huge jump in share price we just saw was due to speculating after the Ford article came out. The price should NEVER have been that high in the first place. People read what they wished into the article, there was no change that would bring increased earnings. The decrease now is just EKSO returning to where is was before the article, returning to a more REALISTIC valuation. I believe it will continue to drift lower until there is either a good earnings release or REAL and SUBSTANTIAL news that will create a sustained rise in PPS. The other thing that will move the PPS upward would be another article that the speculators and momentum traders jump on, but that too will be short lived.
I don't understand how you can call this a POS, when on 21 Mar you said this in response to another post, looks like it was your first post.
Post #4035..."I really like the company so far. I don't have a lot of shares yet but I see this being a winner in the loom term. How high do you think this will go over the next few days?"
You talked about long term, then in the same breath asked where it will be in the next few days. Now you sold out after only about a month. Not very "long term".
If you bought on the 20th or the 21st, it is no wonder you are sour. You bought in on the spike that came from the Ford news. Obviously did not do much DD before you jumped in, if you had you would have known that earnings did not support that radical jump in PPS.
Don't bad mouth the stock when it was your decision to jump in on the hype.
Remember also, EKSO was not the one who released that Ford news first. Others took it and ran with it. You can't blame EKSO! It is returning to a more realistic valuation.
I just wrote a letter and will be sending it to EKSO when I find out exactly where to send it. That is one of the questions I had.
That is also why I had been trying to point out that the Ford news was not the giant story it was made out to be. Testing is one thing, actual orders is another.
I knew about the 24 original units to BMW from the original article I saw. I did not know about the follow on 44 mentioned in the article I posted yesterday. Those vest didn't create near the jump that the 4 that Ford is using.
EKSO had worked with BMW in their Spartanburg, SC plant in 2016...Have not heard any results from that
http://exoskeletonreport.com/2017/03/mw-group-harnesses-the-potential-exoskeleton-technology/
Back some time ago, Zacks had a price target of $22, never came remotely close. They have been all over the map.$9, $6, $3, $2...always wrong.
Reading Zacks and the other rags is some people's idea doing DD. That's how they get into trouble. I do look at them but then dig much, much deeper.
I would need clarification from EKSO, but I think you are misunderstanding the "expanding" part. I don't believe Ford made an agreement to test 2 Vests in 2 plants, looked at results and then ordered for additional plant testing. I believe the original agreement included all vests, it just so happens that they were not released to all plants at once. So the report stated that 4 were in use and would be expanded to other plans.
A few things to think about...if Ford uses the Vest at a few stations, that does not necessarily equate to faster production. The rest of the assembly line still moves at the same speed. Also it would have to create a large decrease in workers comp claims in order to change the workers comp insurance payments. I don't see the massive benefits many are looking for. The Union may like them because they are good for a few employees but it would have to save Ford more than a few dollars on workers comp and the Vests would have to increase production for the entire line.
In the proposal for the additional shares, they mentioned one (of several) of the reasons was for any possible acquisitions. That has me wondering if something is in the works. I realize that they probably want them for "just in case", but the specific mention of that reason makes me curious.
I have said this many times before you came to the board. I have no faith in anything Zacks says. They are constantly changing their predictions and are still never right.
I would have to see more info but this looks, to me, like a case of people who jumped in too late or stayed in too long on this last PPS spike that came on the heels of the Ford article. Greedy, foolish or ignorant people who jumped in without doing a bit of DD and got burned, who now are trying to get compensation. If they would have done some DD they would have seen that the earnings reports did not warrant the spike in PPS to begin with.
Unless these are people that were in EKSO over a year ago.... Earnings reports have never been that good so it's not like they were showing huge profits when they were actually losing money. We would have to compare restated filings with previous filings to see exactly what changes there are.
As I said in a previous post, I believe they found a mistake and are fulfilling their duties by correcting the mistake and making the proper fillings as soon as they were discovered.
Another Law firm investigating...this announcement confirms that it is in relation to the statement released by EKSO
https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-ekso-bionics-holdings-inc--ekso-300575805.html
While I am looking at the Golden Cross, I am also looking at the fact that the 10 day looks to be heading below the 50 and 200 which to me is not a good sign. That and the support levels are why I am watching so closely, it could easily break either way. I personally am leaning toward the break downward. (maybe that is just wishful think so that I can get back in)
For those who may not know what the "GOLDEN CROSS" is...(just something to be aware of)
http://www.nasdaq.com/article/golden-cross-what-is-it-and-should-investors-watch-it-cm620734
Ok, when you get a chance, let me know your thoughts.
That has already been posted twice, once by me
Looking at the 52 week chart, look at the 10, 50 and 200 DMA (overlaid). Do you see anything setting up?
I don't blame him for selling on the highest day of the year. Anyone who TRULY did their DD or anyone involved in the company knew that the PPS spike was NOT sustainable on the small bit of info in that Ford article. Speculators came in and drove the price up, management would have been idiots not to sell some shares at that level.
I will also be willing to bet that they will be buying back in at lower levels.
I have turned a small $700+ investment in EKSO into a $12,000 gain. I was in before the R/S, fought through that and am now up.I am no expert trader or investor. I have done it through making some mistakes early, correcting them along the way and truly doing my DD, not just reading a few regurgitated articles. I have been reading and researching this stock and it's PPS moves daily for 2 years. I could have chosen to complain about the company, I didn't, I learned how to turn the moves into an advantage. It is your choice, stay and complain, leave or stay and start studying and researching.
That is my guess, but to me, if they are out in front of it and correcting any issues, they ARE fulfilling there duties. Not all thing done incorrectly are done intentionally. This looks like they found an issue and are correcting it.
I was already watching my charts and expecting it to eventual fall that far (as long as no positive news came out) but this may just get us there sooner. I have been trading in and out in order to build my shares. If things break the right way I may me able to fulfill my goal as far as number of shares. (all free money) and then let it ride.
Anybody have any idea what the basis is behind the Breach of Fiduciary Duty allegations? Anyone planning on contacting Levi & Korsinsky? I have no shares at present so it would be useless for me to contact them.
I also sold (my entire position) at 3.71, so I had no votes. I am also waiting for a re-entry point to put all of the money back in.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Ekso Bionics Holdings, Inc.
5:30 pm ET December 27, 2017 (BusinessWire) Print
Levi & Korsinsky announces it has commenced an investigation of Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) concerning possible breaches of fiduciary duty. To obtain additional information, go to:
http://www.zlkdocs.com/EKSO-Info-Request-Form-6323
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20171227005528r1&sid=cmtx6&distro=nx&lang=en
View source version on businesswire.com: http://www.businesswire.com/news/home/20171227005528/en/
SOURCE: Levi & Korsinsky, LLP
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com
I believe the expanding into other plants was a part of the original pilot program, just had to be added later. Not a new expansion due to liking the ones in the first 2 plants.
As I said in a previous post...I am currently out, holding all principle and profits for re-entry. Will put it all back to work, still following the 52 week chart and all current news, watching for re-entry point. Seems to be following the script (Mar-Apr)
Have to agree with you. This stock never acted as a penny stock even when it was one...I was here when it was. I agree though, that they have to start generating revenue. I believe management understands that fully. I also think that one thing Penny is overlooking is the REAL commitment they have to the patients being affected by devices that they are creating.
Under lots of pressure to hold 2.30, next stop around 2.00...Daily chart not looking good to hold it either
Supposed to read NO confidence in this as an investment..sorry for any confusion
That sounds like the local department store sale being extended because of high demand...BS...no-one holds a sales on things that can be sold at full price...This is desperation, in my opinion. I was watching for an entry point and watching the RSI-14 chart for exactly what has happened, but the news that caused it is not good in my opinion. I still think an oversold rally may happen but I have confidence in this as an investment.
Thank you again, Rhet
Rhet, what impact do you think this will have on stock price tomorrow AM? Negative, I would guess.
https://ir.eksobionics.com/all-sec-filings/content/0001144204-17-063765/0001144204-17-063765.pdf
I am not saying that it would be a permanent move but as "raging" points out RSI-14 chart has not seen this low in 3 years. I, frankly, don't have the balls to do it, but as I said, I believe this is set for an oversold rally. People will make money here.(2.65 now, probably will shoot back above 3, possibly 4, depending on how many jump in)Just beware, there are always bag holders when the ride is over and it comes back down)