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You are wrong actually, using stop losses saved me large chunks of the losses in this very stock as it slid from R/S adjusted 7.70 for me, instead of dollar cost averaging as it slid I skipped the losses. From being down, I am now up considerably and the shares I just sold were all free shares. Anything I buy back is even better.
Looking at the 52 week chart, I am watching the 2.80-2.85 level to see if reaches it and holds. I think that swing under you mentioned is just the first attempt.
I have been caught up in this before and I was not going to make that mistake again. It was possible that I may miss a continued upward move but while some are getting beat up taking Custer's route I saved myself a $1.00/share hair cut while the battle goes on. All the while it is getting cheaper to pick up more than the shares I sold. At some point I will get them back, for now I will wait until things settle down.
Threatening to break last support until $ 2.50 range
What do you believe the significance of the Nov 30 webinar is? I don't see that as having any effect on PPS. They have product and technology webinars and presentations all the time.
If you read the reasons for the proposal, (the way I read it and I may be wrong) one of them is that that realize that with current amount of shares there is greater chance of losing control of the company, so they are adding more shares to prevent someone from gaining too high a percentage of the shares.
As for dilution...a date has now been set to vote on a proposal they may do just that
https://ih.advfn.com/p.php?pid=nmona&article=76164781
If you look back I've been here posting and investing for years. I am fully aware that stocks go up and down. I have been here when it was down and I road it out and am way up (In relation to where I came in). I have been researching and watching the charts of this stock EVERY DAY for those years. I've seen guys come in and claim it's heading higher and higher, few were right many many more were wrong.
Read my posts and you'll see exactly when and where I got in and out.
Not to mention that pre-market doesn't look so good. Looks nothing like last week.
When you say early is that Mid-high $1, $2-2.50, $3's?...If you got in at $3+ I can see why your still hoping for $7 (or even $5 for that matter). Seems like all the others have moved on, which indicates to me that they believe the move is done.
Just curious, at what price did you get in? Looking at your first post it looks like you got in a bit late on the move.
Read it thoroughly, interesting to see the reasons they give for it.
This is the next possible dilution
https://ih.advfn.com/p.php?pid=nmona&article=76083821
@ JRepublic...I was surprised by the reaction to the Ford article for the reason you mentioned. BMW was testing 15 units. Ford is only testing 4. Check back and read my previous posts. Somewhere in there I posted the video from the BMW testing. You can see that the unit is different than the one Ford is testing. I'm sure that Ford believes the device could help but things that they a probably looking at are the durability of the unit, how many reps can the unit perform before it begins to weaken and how long before it needs repair/replacement.
You also make a valid point. How many devices would each factory be able to put to use?
You can also look back to see that I have been very transparent with my buys and sells and price in and out.
I had previously said that I had gotten myself into a great position, having 2500+ share (purchased at $1.00/ and which were all free shares from previous profit) and that I would leave them very long. I did not see this breakout coming but am happy to see it. I felt it had run too far too fast on that Ford article and I was not comfortable letting it ride like I would have if it were a slow steady rise. I also noticed on this board this AM that all of the guys that were posting yesterday were not posting this AM in the pre-market and then when it touched just over the 52 week high and started a quick decline I decided to put a stop loss in. I stopped out at 3.71. I will be patient and hope for re-entry.
I have been in since before the R/S as well but have made some moves that have resulted in have over 2500 shares which are all profit.
You can either hold until it reaches $15 or sell here and buy back in when it pulls back. That is a risk. Up until this run (from 2.52 pre-market the other day to 4.30 after hours today) I thought I had figured this one out. I had doubled my money on 2 moves and took advantage of the Rights Offering.
I absolutely did not see this happening. I was thinking it would fall back after the initial Ford article, since they were not announcing actual sales. Happy about the run, but now I need to re-think and try to figure out where it's going from here and what time frame.
I don't know how it can hold this level without actual sales. (I thought that before and was wrong).
@ Rainer...Thank you for that info but I a have a ways to go understanding some of that stuff. That's why this move took me by surprise.
Well, this just tells me that I have more to learn. I need to figure out how to read the short term charts and trends. Hope you are still in for the ride up even if we got blindsided. It feels good to see the Ameritrade account inflating!
Congrats to all, especially the longs that have been suffering along with me. I want to say that I have to admit that I did not see this breakout coming from that Ford article. There was no move like this when BMW put their video out and announced that they were testing 15 units, so I thought this was going to be a quick bump and fade back. I had already sold 1/3 at $ 2.36, that was even a 100% gain, I was hoping to buy them back. It looked like it was going to give me a chance to get them when it had slipped to
$ 1.52 in pre-market. Since then it has been up and away. I am disappointed that that money is sitting on the sidelines but have to be very happy that I still have 2,500+ shares that are all free shares taking the ride!
Turns out that the Rights Offering was a huge positive for all those who had faith and took advantage of them. Again, congrats to all the longs! And thanks to all you newcomers for pushing us higher!
Not sure when this video was taken (the post is dated Nov 7, but no year and it doesn't say what the video date was) or if this is an older version of the vest. Would have to compare with the one in the Ford video.
https://stocktwits.com/FatDuck3/message/100543596
Edited...I compared it to the Ford video, defintely a different vest. The BMW one is probably an older version
May Bobby Marinov an confirm
I actually think the R/S was a good move. It was not done to keep a failing company on the NASDAQ, like it many times is. It was done to get them on the NASDAQ from the penny stocks and get them access to the bigger players for financial backing and company and product recognition.
I was here for that. My original buy in was at 1.10 pre-split so $7.70...You can look back earlier this month and read my posts concerning that...See post #3972
While I am very happy with the Ford testing news and the jump in share price I am still not convinced that this move will hold. We have not heard anything about actual sales or contracts and the fact that EKSO is sitting in overbought territory is telling me there will be a fade in PPS. Just remember, back in June of 2016 BMW announce that they were trying the Ekso Vest on 30 employees in their plant and they said this in the release
"currently, the trial for the Ekso Vest is only in BMW’s Spartanburg plant but if the trial is successful, the Bavarian brand could incorporate the vest into BMW’s other plants as well. The idea is to improve safety and body strain, creating a more relaxed and comfortable working environment which should not only improve production time but also employee satisfaction."
We still have not heard of any sales from that.
https://www.gurufocus.com/term/FloatPercentageOfTSO/EKSO/Float-Percentage-Of-Total-Shares-Outstanding/Ekso-Bionics-Holdings-Inc
It says "as of today" but I don't see a date (didn't look hard)
I picked up on the "refining" comment too. Remember that BMW had begun using the EksoVest earlier, so this is another step in perfecting the device for eventual implementing in the factories. After that announcement things got quiet. Question is, how far away are they from the order contacts.
Does anyone know who the vests will be produced by? In house, Equipois or contracted out?
If you listen to Tom in the clip from Fox he says "Zach's taking a lot of orders right now for us"
Is that just conversation or is that a clue that sales are beginning to come in?
@ stockmoney...I've been thinking the same thing. Always after the stock has made a huge move do we see charts and smart traders. They never tell you that they weren't in it as it started to take off.
I know that by now everyone has seen an article about the Ford testing. Here is a link to the EKSO release...I am still wondering why they and Ford did not release on the same day and investors had to find out through investment report articles.
http://eksobionics.com/eksoworks/ford/
I was once where you are. My original shares were purchased at 1.10 pre-R/S. So $7.70. I tried dollar cost averaging down as it moved lower but all it did was move lower. So I tried a different strategy. It was risky. Sell, be patient and let it fall, at some point buy back in. Saving myself that amount that it dropped in between my sell and repurchase. I was also able to buy more shares at the lower price. The first time I did that I got back in too early (before 30 days) and it was considered a wash sale. (no tax deduction for the loss). Chalk it up as a learning experience and DON'T DO THAT AGAIN! It continued to drop, I sold again, waited 30 days. In the mean time it had dropped even more. Again saving myself from the amount lost when I bought back in. Again I was able to buy many more shares. That is when I learned to watch the RSI-14 chart and the traders coming onto the board. Since then I have doubled my money on 2 trades and now am investing with all house money. Also am waiting to see if we see those same conditions present themselves again, so that I can buy more shares.I will trade those to accumulate more that I will add to the free shares. Rinse and repeat.
The risky part of what I did was when I got out I had to hope that it did not go up and never come back down. Without news and 3 months between earnings reports I didn't feel there was much chance of it going up for no reason. Sometimes it took patience and belief.
I wrote that post when I saw the pre-market PPS at 1.52. I will be watching the RSI-14 chart. We are at 68.36, just barely under overbought at 70. To me that says we are more likely in for more downward price movement. Chances are greater that we see 1.40+, than they are that we will go higher than where we are now. It may take some time but I believe we will at least see 1.40+ again and possibly lower.
The traders came in with the momentum that was started by the Ford news and have grabbed their money and gone. Notice the added posts on the board that don't say much and then are gone?
Even though we may be long we must pay attention to the overbought and oversold conditions and also when these guys show up on the board. It has helped me trade, when I see that setting up and accumulate more shares.
It is almost like playing this for the moves down instead of (what I had always thought) the moves up.
I guess the idea is to trade this thing, to accumulate shares, until it proves it can continue an upward trend based on sales, earnings or new technology/product release.
Looks like we are headed south toward 1.40-ish support level. You have to ask yourself, other than the (IMO) overblown and misleading news of the EKSO Vest testing, what change or progress has there been that warrants the PPS being above the levels we had been at from Sept through Nov.
Earnings was not great. Unless we get some kind of news about actual sales or of a revised/new product, we will drift back to those levels. If we do I will be buying back the shares I just sold.
Just some interesting reading...also check out the the "previous coverage" link that is near the end of the read.
https://insiderfinancial.com/ekso-bionics-holdings-inc-nasdaqekso-is-a-big-winner-for-us
I believe the 43 is a typo, if you do not hit caps for the $ sign you will get a 4...should be $3
Have you read the reasons for the increase? Among others listed, but first mentioned is to have shares a available for acquisitions.
radly...Where is that info taken from? I would like to read the article?
@ Billyp54...I think so, just hoping it's not a train...lol
Just curious, at what price did you jump in? Were you around when we were at $ 1.00-$ 1.05? Or just now for the momentum pop and then jumping out?
As I stated in a post some time ago, this morning I put a sell order in for the last of the shares I bought at $1.18. Sold at $2.36 for a 100% gain (same as the first batch). Now ALL remaining 2,520 shares are free shares I picked up with the profit, during the Rights Offer at $1.00/share (used margin). My intention is to keep all shares VERY long, since I have none of my own money to lose. If/when we drop back I will be ready to repurchase all shares I sold today.
I am not trying to pat myself on the back, I am being open and honest with exactly how I am handling this stock.
I believe in this company and it's technology and benefits and am trying to build as big a position as possible while they are still in the building stages.
While I am happy about this nice run, I would be careful here. The articles about Ford TESTING four total EKSO Vests may have just been released but Ford has been using them since May. BMW was using them before that. This move has put the stock in overbought territory (highest level in at least a year), while there may be some upside momentum left, I believe the price cannot hold here and will drop back. Remember, there are a lot of people that took advantage of the 1.00/ share rights offering who will likely take profits. While the news is encouraging, they are not sales yet. Judging from the reaction to this news, if they make an announcement of sales from this testing, share price should explode.
I've seen happen when we are in oversold territory (RSI-14) but we aren't there and we were slightly closer to oversold a month ago with no reaction like this. I have seen over a dozen releases of the Ford article so I'm guessing that's it.