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.
I would not be surprised to see an oversold rally here shortly. (Oversold for good reason, but the guys who play it for the runs don't care about the long term or reasons it is down). I would expect to see some new posters on here shortly.
I still believe this is following the same pattern (Mar-Apr), if so I'm thinking just under $2 in a couple of days and then by beginning of Jan. $1.50...Of course, any news before then will change that. Another thing that may affect that is the amount of shares still owned that were purchased down at these lower levels (before the run up) . May provide support that was not there in Mar.
I have a revised buy sitting and waiting, still watching how quickly we drop to see if I revise lower again.
It would make a big difference if the Union is pushing Ford to get them and Ford does not want them.
Just curious as to why Ford did not pick up the tab? Is this a joint proposal or is it the Union pushing Ford into it? If the latter is the case, if/when they buy units, they may not buy as many as everyone is hoping.
Something that I feel to be significant that others don't say much about is the fact that it was NOT Ford that bought the Ekso Vests, it was the union.
I don't see much support at just above 2 or even at 1.85 area. I think I may be lowering my buy price. At the very least splitting the buys into levels.
If you want to know my position now and why, you can check back on my previous posts for a detailed explanation. The short version is I got out at 3.71 and am watching the things I mentioned earlier for possible re-entry at 1.85 area, possibly lower. I may also split my buys and start buying 1.85 and add as it drops.(if it drops) All depends on how quickly we fade and RSI-14 chart. $1.85 entry lets me pick up double the shares I had when I sold.
There may by slight ups but over all I believe this is heading lower. I am looking at 1.85. I will have to wait until it gets closer to that, see how fast it is sliding and where it is on the RSI-14 chart. Could very well slide back to a buck and change if we hear nothing (news)and the next earnings report doesn't beat estimates. I personally think it should be around $ 2.00, value-wise. I though $ 1 + was too low.
Stocks tend to overshoot in both directions, that is why I am looking at $ 1.85
You have to monitor closely for news, small things can spark it, as with this last run.
Or you can do what I did when I was in at 7.70 split adjusted...It is risky but I sold, (made a mistake and did not waited at least 1 month to avoid wash sale rule, in the mean time I kept a close eye on it for news, I picked a point I would get back in at then bought more shares with all the money from the sale. Then put a stop loss % in case it continues to fall (it did) I waited again and got back in (this time waiting the 30 days, allowing me to write off the loss) very cheap and things have turned around for me since then.
You actually skip chunks of the loss that you would have had if you $cost averaged down. You also can pick up a few extra shares by selling them and then picking them up after the slide. I hope what I explained makes sense.
There is no secret or conspiracy as to why EKSO pps is dropping...Read the first and last paragraphs where is says "What Happened"... "Now What"
https://finance.yahoo.com/news/why-ekso-bionics-dropped-much-211200914.html?_fsig=1kJ50vz3yoBgM9vEZ1Eq9g--
Nothing like some PPS bloodletting to clean the board up...LOL!!!...I think we go below $2.. before coming back and settling at $2.00...until we see some REAL news...I hate to say I told them so, nah, I'm loving it!
First line of my post (29 Nov)...
You say you sold a couple days back when it didn't stay above $3.20? You only made the statement yesterday AM!....(28 Nov)
This is exactly what you said when I asked if you still thought it was setting up nice...
"No I sold a couple days back when on news we could not stay over $3.20. Waiting for support ahead to hold at different key levels.
Now you say this...
I never said that and I did not sell over $3.20 I sold when we were breaking down $3.00.
Where did I say anything about you selling over 3.20?
It was good that you cut your losses but don't say you are long, you played the run too late or too long and got burned. The real LONGS have held their shares through it all, pearing back or adding, hanging in when it looked bad.
Again, I have been watching this stock daily since before the R/S... I've seen these runs and heard the talk about how it is going to continue running and seen plenty of people come and go, few timed it right, many were left as bag holders. You can't change what you said. it's all in your posts. I just hope others didn't get burned because they were influenced by all the statements that have now proven to be false.
(Looking at Ameritrade's chart for EKSO)...To further what I was pointing out about the 52 week chart. Both moves come up slightly off a bottom, then a jump which retraces about half, then start the run, ending in a jump. That jump is followed by a slightly down day, then a day of holding, a solid down day, followed by an attempt to go higher but fails, then (on the pattern in Mar/Apr) comes the slide back to where it was just before the second big jump of the run. That is what I believe will happen.
Also look at both patterns and note the support levels prior to and after moves up and down, and how they correspond to the moments the charts change directions.
I may be full of it, but this is the 3rd time I have benefited from looking at the 52 week. (actually more, but have taken advantage only 3 times)
Looking at under $2.00
You say you sold a couple days back when it didn't stay above $3.20? You only made the statement yesterday AM! And that was after I had said this in post #4458....
"I am looking at 3.10 area, if it closes above that, we may get an up leg if below that, it begins the downward slide.(today or today)" ...It did not close above 3.10
In post # 4437 I also pointed out that the pattern forming since 10 Nov was an exaggerated pattern of the one that developed mid Mar to mid April...
Those 2 reasons and the fact that pre and post market trading has not been good, couple with the disappearance of posters on this board all point to the run being over.
(Your statement 45 minutes later:
"EKSO setting up nice here IMO for the next big run above. Most did not even see todays news.")
I realize you do not have to tell us, but you sold your shares after you had repeatedly been saying how this was going to run to $5, $6, $7 and made comments about all the weak hands, etc. panicking and selling their shares. You also said you were long, 3 weeks isn't very long. You have no credibility with me.
This IS a good company that is doing GREAT things, BUT, unless their is news of actual sales, the PPS will revert back to its value as revenues dictate.
Still think it's setting up nice?
Why? It's coming to me!
Keep hopin'
I am looking at 3.10 area, if it closes above that, we may get an up leg if below that, it begins the downward slide.(today or today)
I think the sale is only natural, he had $1.00 shares from the Rights Offering...He'd be nuts not to take some profit. I think we will be seeing more of these filings shortly. No big deal, in my eyes.
Russ Angold sells 50,000 on 22 Nov at an avg. of 3.51
Now showing 2.93
Showing down to 2.66 after hours...It dropped from 2.95 to 2.66...can that be right?
Looking at the 52 week chart (TD Ameritrade), the part of the chart that has developed since 10 Nov is looking like an exaggerated pattern developed mid Mar to Apr...
Thanks for that info Rhet
You need to heed your own words...Go back and read the board...Puissance Capital owns 20.5 million shares not 34 million...They guaranteed the Rights Offering for 34 million but because shareholders exercised their rights, Puissance only had to come up with $ 20.5 million to cover the 20.5 million shares left at $1.00/
I posted this the other day and Rhet commented on it and agreed.
From the Sept 7 '17 PR...
Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) ("Ekso" or "Ekso Bionics"), an industry leader in exoskeleton technology for medical and industrial use, today announced the final results of its previously announced rights offering, which expired on August 31, 2017. Through wide participation, the offering was fully financed and Ekso raised $34.0 million of gross proceeds, including a $20.5 million investment by Puissance Capital Management ("Puissance Capital").
Are you taking notice to the pre-market and lack of people on the board? Could be telling us something.
EKSO does webinars all the time...this will not move the share price. The webinars are typically geared toward the medical/rehab professional...Don't get your hopes up.
No...this is what I said...
As to getting burned by R/S...if you were in a floundering stock that was doing the R/S to stay on the NASDAQ, then maybe you should not have been in the stock. This R/S was done for the purpose of getting on the NASDAQ and getting the product and company exposure to bigger investors and bigger money!
I believe the correct figure for Puissance Capital's stake is $20.5 million, the other $13.5 million went to current shareholders who exercised their rights under the offering...Puissance guaranteed the $34 million offer...If no one exercised their rights, Puissance guaranteed that they would buy all the share.
From the Sept 7 '17 PR...
Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) ("Ekso" or "Ekso Bionics"), an industry leader in exoskeleton technology for medical and industrial use, today announced the final results of its previously announced rights offering, which expired on August 31, 2017. Through wide participation, the offering was fully financed and Ekso raised $34.0 million of gross proceeds, including a $20.5 million investment by Puissance Capital Management ("Puissance Capital").
I guess I’ll start w/ the warning that this is going to be a lengthy read. You may think it’s just BS but here goes.
So, here is my take on what has happened over the last week plus. First, EKSO was just beginning to come off (IMO) being undervalued at just above $1/share. Then came the Ford article which was first released by FORD (NOT EKSO). The news, while promising, was not a statement of any impending sales contracts, yet many took the news and ran with it. While the press attention may have gotten EKSO stock some new buyers/money, I don’t think that is what caused the huge jump in share price. My explanation is a simple one. You’ve probably heard Mr. Greenspan’s (I believe) term “irrational exuberance”…that was is!
It was momentum traders and scalpers moving in which created a frenzy that fed itself, caused by some money making and some plain greed. Everyone wanted in on the quick run. Just look at how fast this board was filled with first time poster to it. Some who had no real idea about the company they were putting their money in, some didn’t care. As with almost all quick jumps, comes the decline leaving the bag holders, those who got in too late or those who stayed in too long. Now we begin to hear all the unfounded and unprovable reasons and conspiracy theories why it’s dropping. It’s dropping for one simple reason, it went too high too fast on basically a non-story. (Ford article). Remember, no sales (to Ford) yet. And no, it was not an engineered scam by EKSO.(as some posts have claimed) Some points to think about…1) Only 4 vests, 2 in 2 different plants. (2) They were NOT purchased by Ford, but by the union! So, is the union pushing Ford to use them or is it an agreement between the union and Ford. 3) BMW was testing 15 vests a year ago and still no news of sales. Why? I would guess, still in development/improving the device. Look at the 2 videos, they are 2 different units. With the repetitive motion I would think they want to understand just how long they will last before losing efficiency or breaking down so a couple weeks or months of testing would not be enough. If improvements need to be made, new test would follow.
As for the shorts getting squeezed and starting another run (It was suggested by someone in a post), I would think a run this quick to $5+ for a brief trade or two would have caused them to be flushed out by now.
As for the dilution and dumping of shares by management theory. All shares from the Rights Offering that were not executed by current shareholders were purchased by Puissance Capital (under $34 million) are locked up for one year from the record date.
I don’t believe management is dumping either. I’m sure there was profit taking by those who took advantage of the Rights Offering and picked up their $1 shares. They would be fools not to. So, that is part of the decline, the other part is those who jumped in for quick profit (traders), did just that and now have jumped out. No mystery or conspiracy here. Just greed and self-preservation. Also, I think we have speculation and dreams of big money giving way to reality. While I believe EKSO was undervalued at just above the $1 PPS that we were at for too long, EKSO is also not worth above the 52 week high. That is why (IMO) it touched it once, then went above for a short time and was rejected. That was when
I began to believe the slide was beginning. The question is, what does the market say EKSO’s stock value is. I think we are still above its value and believe we may swing to under its value before settling somewhere I between (around $2.00)
As for my actions w/ regards to my holdings. All my shares were free shares, paid for by 2 separate moves from $1.18 - $2.36, and picked up for $1/ share with the right offering. My intention was to hold those shares VERY LONG and use the remaining profit I had banked to trade in order to accumulate as many shares as possible. That all changed when it rocketed to $5. When it failed go above the 52 week high and hold, I began to get uncomfortable, add to that, that all the new posters began to leave and the pre-market action had slowed. A sign that they believed the run was over. I put in a stop loss and was stopped out at $3.71. If the increase in PPS had been slow and steady I would have stayed in. Truth be told, I am not comfortable sitting on the sidelines.
Unlike some who have posted here, I trust and have faith in management. I believe they are doing what is right for the company, its shareholders and all the people who are in need of the benefits of their products. My reasons for trusting them…1) I believe the R/S was a good move, to get on the NASDAQ, which would attract new and bigger investors... 2) I believe the Rights Offering was good because it gave existing shareholders a piece of the deal Puissance Capital had guaranteed…3) Mr. Babini appointed to VP of Sales Americas…4) Mr. Ted Wang’s appointment to the BOD…he gives EKSO a foothold in the China/Asian market for ALL EKSO products… 5) Several public appearances by several of management figures, not some shadow management no one ever sees…6) The commitment, hard work and desire to change people’s lives for the better, by ALL who work for EKSO…7) I have seen the effect the EKSO GT unit has had on the lives of those it has helped at the Good Shepherd Rehabilitation Center right here in the Lehigh Valley of Pa.
I am look for a re-entry point when everything settles. I will be putting every dime I have made back into EKSO.
Isn't that what I said?
Sorry if replies are late. I reached my 15/ day limit....Wait until you see my next post. It will be a short story on what I believe happened during this weeks run/slide.
'Til later today(it's just after midnight), sleep well!
See post 4295
Read the Proxy statement! It lists the reasons for the proposed share increase. Page 16. It is your choice to believe them or not.
As for the Ford Video...Ford was first to release it, it didn't show up as an EKSO release for at least one day later possibly two. Nobody portrayed anything...people falsely ASSUMED it meant sales agreements were made.(that is why we had the drop after the run)
As to getting burned by R/S...if you were in a floundering stock that was doing the R/S to stay on the NASDAQ, then maybe you should not have been in the stock. This R/S was done for the purpose of getting on the NASDAQ and getting the product and company exposure to bigger investors and bigger money!
Do your DD and read before making your claims/suggestions. If you would have gone back through the messages on this board you would have seen probably more in depth information and actual company discussion than on ANY other iHub board. Many of your questions or concerns have been addressed. We have good people on this board.
That is the problem when people jump in to a rising stock, they don't take the time to do the DD because they are afraid they will miss the run.
If you are truly here as a long investor, we are glad to have you and look forward to meaningful discussions about the company.
Ok children, here is your homework assignment (For those who don't have the time or are just too lazy to look it up yourself)...read the following, from pages 16 and 17 of the latest proxy statement, to learn the company's explanation for the proposed increase in shares...I found it for you but I am not going to read it for you!
Reasons for the Increase
Our Articles currently authorize us to issue an aggregate of 71,428,571 shares of common stock, of which 59,903,876 shares were issued and outstanding as of November 1, 2017, 3,425,732 shares are reserved for issuance upon exercise of existing stock purchase warrants, 4,220,368 shares are reserved for future issuance under existing equity incentive awards and 500,000 are reserved for purchases under the Company’s Employee Stock Purchase Plan. This leaves 3,378,595 shares of unissued and unreserved common stock available for future use.
The Board of Directors believes that it is prudent to increase the authorized number of shares of common stock in order to maintain a reserve of shares available for immediate issuance to meet business needs, such as a strategic acquisition opportunity or equity offering, promptly as they arise. The Board of Directors believes that maintaining such a reserve will save time and money in responding to future events requiring the issuance of additional shares of common stock, such as strategic acquisitions or future equity offerings. In addition, the increase in the number of authorized shares of common stock will allow us to continue providing equity incentives to our employees, officers and directors.
All authorized but unissued shares of common stock will be available for issuance from time to time for any proper purpose approved by the Board of Directors (including issuances in connection with stock-based employee benefit plans and issuances to raise capital or effect acquisitions), without further vote of the stockholders, except as required under applicable law or the Nasdaq Marketplace Rules. There are currently no arrangements, agreements or understandings for the issuance of the additional shares of authorized common stock except for issuances in the ordinary course of business. The Board of Directors does not presently intend to seek further stockholder approval of any particular issuance of shares unless such approval is required by law or the Nasdaq Marketplace Rules.
If this Proposal One is approved by the stockholders, the increase in the authorized number of shares of common stock and the subsequent issuance of such shares could have the effect of delaying or preventing a change in control of the Company without further action by the stockholders. Shares of authorized but unissued common stock could (within the limits imposed by applicable law) be issued in one or more transactions which would make a change in control of the Company more difficult, and therefore less likely.
16
TABLE OF CONTENTS
Any such issuance of additional stock could have the effect of diluting the earnings per share and book value per share of outstanding shares of Common Stock, and such additional shares could be used to dilute the stock ownership or voting rights of a person seeking to obtain control of the Company.
Vote Required
This proposal requires the affirmative vote of the holders of a majority of the shares outstanding and entitled to vote at the Special Meeting. For this vote, abstentions and broker non-votes will be counted as votes against this proposal.
The Company’s Board of Directors recommends a vote FOR the proposal to amend our Articles of Incorporation to increase the number of authorized shares of common stock to 141,428,571.
That was then, and a different situation. Ford article had just come out and repeated and repeated. That hysteria has settled. I would rather see a slow, steady and sustainable rise.
May of 2016...I believe that in this case the split was a good thing. It was done to get on the NASDAQ and access to bigger money investors. It was not done to save a floundering company from being de-listed.
Looks like that was test #1, holding for the time being. I expect another test.
I do agree that if there is positive news like actual sales it will run again. That is why I read everything I can find on this stock every day.
I just don't think there is currently any catalyst to cause it to move to the range some have been talking about. The Ford article is old news, and it was promising but I think reality is being separated from future expectations.