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I am hoping for a downtrend reversal in the coming days. If VNDM stays off the ask tomorrow we have a good chance of breaking the PAR SAR to the upside, which would be the first of many indicators of finally seeing a reversal. RSI also seems like it might test 30 to the upside tomorrow. I would like to see the volume hold around the 2M+ levels without signs of any real heavy dilution as well.
Stability is welcomed in my book. It has got to stabilize before any real recovery can happen. I definitely agree with the fact that last weeks rally was a normal pop from news followed by a pull back but what I like to see is that it may have made a higher low in the process. It's also nice to see the chart level out somewhat and seem to begin building somewhat of a stronger floor to hold this up.
Well it looks like it may have stabilized a bit, for now anyways. A green close today would be good, I am hoping the last hour won't see a lot of selling like it has in the past. I'm looking for stability before we can see any good upwards direction here.
I would like to build a small short term trading position as well. Ideally, I'd like to make a few good trades and end up with some free shares in a long position. I missed this last chance, though. A guy could have snagged a quick 100% if they were on the ball Wednesday.
Welp, VNDM is back on the ask... It'd be nice if they let this close green today. Definitely a long road ahead but I don't mind riding it out. If these guys are truly serious about their business plan, I do believe they have potential. I don't usually go THIS long in the OTC but my curiosity has got the better of me here. I've got enough of a position to put a smile on my face should the PPS eventually recover, but not so much that I'll get that horrible pit in my stomach if it doesn't.
The next few months will either make or break em I think. Nothing they can do about the convertible notes but a nice contract with a good sized police department could be a real game changer. Q1 won't be anything fantastic but all I want to see is continued improvement over Q4 last year. That's just may take on this whole thing. A lot of talking without really saying much...
Yes, those pesky convertible notes are a wildcard for sure. I do agree that there is a lot of profit taking going on but this is also the best bid support I've seen in quite some time. I'm not saying it's great support but there was next to none to soak up any of the downward pressure from the convertible notes for a long time. It looks like yesterday's news might have gotten at least a little attention on the retail side of the market.
It looks like we might finally be stabilizing. It's still a bit too early to tell for sure but the bid support is better today than yesterday. It's still nothing to be amazed at but definitely better support. The real test will be where we close today. If we can have a green day again today, no matter how green, that will strengthen this bottom immensely.
We need to hold at these levels. Breaking the PAR SAR to the upside would be a start. Crossing the RSI 30 to the upside would also be good, both of which we are close to doing at the moment. It looks like we are going to see a bit of support in the .0575 range for now but a trading day like today is always incredibly hard to make any kind of predictions with. Any day where a PPS raises 100% in the first hour is going to be full of flippers and profit takers. I would honestly be happy if we could form a stable base somewhere around .06 today and reverse this downward trend.
A good solid base at these levels today, along with maybe a bit of exposure from the recent PR should let us break the PAR SAR and RSI 30 to the upside tomorrow. A lot of money was made between 9:30 and 10:30 today but not by any long. I averaged down a bit and will wait to see what tomorrow brings. I think we may have something here. Exposure is what we need now, volume can be our friend if it is the right kind.
Looks like she is gonna struggle to break that PAR SAR. I'm sure a lot of people are happy enough with 100% gain to bail if they bought anytime before this morning so I have a feeling we might sit here for a while. Let's hope this is the start of a little turn around. I don't think we will see any insane runs with FPVD, well, aside from 100% in an hour but I believe that was a PR/technical combo that caused the perfect storm. I do, however, believe in FPVD and think we can see some good, steady growth from here if this is indeed the turn around we've been waiting for.
I really don't know if I would necessarily call them money hungry. I still believe this dilution is a result of the toxic financing that they got involved in last year as a source of funds to raise capital. What is keeping me here is the fact that, as far as I can tell, they haven't had to use this horrible source for financing this year.
I would still call this growing pains. I must admit I did not foresee the PPS dropping THIS much but there has been a lack of buying support to help hold back the drop a bit. I believe this lack of support is mainly a result of FPVD being young and unknown, not because nobody wants to touch it.
All that said, if we don't level out and recover a bit, then the lack of buying support WILL be because nobody wants to touch it. They need to back off and let this breathe a bit. Either way I'm here for a while. Hoping the Q1 10-q will show some decent progress.
Well today I am actually happy to see this little pullback. I decided a while ago to stay long with TRTC since I can't see how that could turn out bad in any way at all. However, today I decided to take a risk with some of my "non play" money. Might be ill advised but I'm looking to pick some more up with some of the cash that I had set aside for the summer (the wifey works at a school and can't stretch her pay out so we have to make it on just my check every summer).
I just couldn't help it, though, everything with this seems so good that it drove me nuts watching my money just sit in a savings account earning .28% interest when I could throw some of it at TRTC and do much better. I definitely didn't go all in, I'd rather not have to explain to my wife where all of our summer cushion went should something go awry, definitely worth it to risk some of it though.
Now, the only question is where to add... I had set .35 as my tentative PPS but she may not make it down there today. I definitely do not want to risk betting on a drop next week either since I feel like that would be a big gamble with how much the pot is churning. Looks like today has got to be the day if I'm gonna pull the trigger. Man, this is a lot harder when you are playing with "important money" rather than "play money..."
Anyone think there's at least a chance that we touch .35 today? By anyone, of course, I mean some of the other longs such as myself that have In a while. I'm not looking for the "this POS is gonna drop back to .10" bull crap, I'm looking for honest opinions from those without anterior motives... I'll admit, I expected a bit more of a drop this morning, it started out the way I figured it would but is recovering much quicker than I had expected. I had figured on maybe a little red day today before we go into the next leg next week. Looks like I may be wrong though.
I believe you and I had the same theory as well as the same plan to add more when the downtrend showed signs of stopping. It's a good thing I listened to that little voice of reason in my head then, though.
I do still plan to add more, the big question is when. Of course, if I could answer that question accurately 100% of the time I'd be relaxing on my island right now. Instead, I get to look out the window and see one of those spring snow storms that come with living in the Midwest...
I agree with the short term swing development. It did show a very tradable pattern for some time until it seemed to break through the floor and fall to these levels. Initially, my plan for FPVD was to have a bit of a trading position whilst building a long position just for craps and giggles. Trading hasn't been a viable option of late though, but it sure does seem due for at least a little pop. Definitely going to watch this one for a while at least.
I'm still not ready to holler "SCAM" just yet. I've seen many OTC scams and Pump and Dumps and FPVD doesn't exactly fit that profile IMO. Though I will agree there has been quite a bit of dilution but I think that is a result of their toxic financing from 2015 and it appears that they are trying to keep that at a minimum so far as of 2016.
As I've said, the Q1 financials are really what I am waiting to see. There are many things that would lead one to believe that this is a legitimate company, number 1 being that you can go to their website right now and place an order for a product, should you choose to do so.
I will admit that the drop in PPS is, at best, unsettling but I am long here anyways so I am not losing any sleep over it. I've also kept my position to a point where I would not be ruined should this go south. FPVD is a curiosity of mine and I couldn't resist taking at least a little position in a company that I feel is entering the right market at the right time.
They are about a year old since they have been going under the name "Force Protection Video Equipment" and have been using their current business model. There is a lot of good information at their website:
https://forceprovideo.com/
They are in a very volatile stage right now as a business as the first two years usually determine whether or not a business makes it or goes belly up. I still have faith in them and will continue to until I can see the Q1 financials for this year. They are carrying a lot of toxic debt from 2015 but whether or not they pile up more or work at eliminating it will determine how I feel about them as a viable company. I believe this toxic debt is the cause of the drop in PPS but I was/am long anyways so my only worry right now is deciding if I want to average down or not. It could be a bigger risk to my overall portfolio to add to my position but it could also make for a nice payoff if/when the PPS turns around and heads north again.
The dilution was an unfortunate necessary evil I'm afraid as they needed funds to get the business rolling but as of the recent 10-q that was released, it looks like they have built a stable foundation for a good company in less than a year. I believe the market is there and will continue to grow exponentially and we will continue to see a growing revenue stream. I am really interested in the next 10-q for the Q1 financials. I think we will see some solid revenue growth.
It is also worth noting that this paragraph can be found in the s-1/a that was issued on 3/07/16:
As of the date of this prospectus, we had cash on hand of $102,000 for our operational needs. Currently, our operating expenses are approximately $16,000 per month. If we fail to generate sufficient revenues or raise additional funds to meet our monthly operating costs, we would have available cash for our operating needs for approximately six (6) months.
We could have a little bounce here, not a bad start to the day. The volume leaves much to be desired but that is nothing new here. We should have support at .10 but the past few weeks haven't been kind to the supports. We really need a green close today. It doesn't matter how green we go even, we just really need a green Friday.
It seems VERY overdue for a bounce for sure. There are quite a few technical indicators. Any kind of buying pressure at all should push it up at least a good little bit. Unfortunately the buying pressure has so far been non-existent.
Ouch What a rough last few minutes of trading.
I've been doing a bit of eye burning reading through the s-1/a issued on 3/7/16 and I think dilution may be to blame for the action of the PPS. Of course, this is sometimes a necessary evil when you are a young company. I also happened to notice that as of right now, they have roughly 6 months of operating expenses covered with cash on hand should they have absolutely zero income which we already know will not be the case.
I think what we are seeing now is the result from the growing pains of late last year but it would also seem to me that they did the right things to set the company up well for this year.
http://ih.advfn.com/p.php?pid=nmona&article=70666766
I linked to the s-1/a but it is also at the top of the board.
Come on baby hold! It really doesn't want to dip any further below these levels. If she holds today, that would make 7 trading days in a row holding this support. We might trade sideways for a while and I would be fine with that but I still stand by my prediction of at least a minor technical run soon. A run that breaks the PAR SAR to the upside would be great. We could set a new support at least 50% higher just on a technical run alone with no real news and I, for one, would not mind that one bit.
"The glass is half full" view: Even at a PPS of .18, we are still roughly 25% higher than the .14 purgatory we were stuck in up until the middle of March, which was roughly 75% higher than the .08-.09 purgatory we were stuck in up until the middle of January.
"The glass is completely full" view: T/A, DD, and common logic all seem to point to the PPS holding above the "mental support" of .20 before seeing another, far more stable, run that isn't accompanied by a pull-back.
The incessant bashing of the financials, as well as calling for a PPS free fall, is unfounded and complete malarkey at best. Taking things out of context and showing them in a negative light is deceitful and has no place in intelligent discussion. Standing on a soap box and sounding like a broken record serves no purpose other than to further discredit one's character. There is a vital need for the intelligent skeptics to hold the over-zealous optimists in check but what I've seen lately isn't "Keeping it real." In fact, it boarders on insulting to those of us that have invested real time and effort, both pessimists and optimists alike. If you are going to trade this ticker, then do so, you have my blessing. All that I ask is for the longs here to be treated with the same respect and to use skill and experience rather than deceit and anger to build one's portfolio.
I hope I didn't insult anybody, it definitely was not my intention to do so, nor was this post directed at any one individual. I really do enjoy some of the intelligent debates that can be had on this board. There should always be two sides to every discussion, however, it is not a discussion worth having unless both sides are arguing facts.
Volume is up and this is the longest consecutive run of days with what looks like a support holding that I've seen in some time. Logic would say that we have found a bottom and are about to turn to the upside. The charts are practically screaming for at least a little run. If the PPO and ADX lines pinch any tighter, they'd look like a door wedge. RSI is really trying to cross 30 to the upside as well.
A meaningful PR would help jumpstart it, maybe some nice summer contracts with a few big police departments. I'd really love to see some contracts, receiving multiple orders is not bad by any means but a contract would show confidence in the company and also appease the weary investor currently sitting on the sidelines.
You never lose the money until you sell... Although, you never gain until you sell either for that matter...
I can't see it staying down here for long, especially if we have found a new support. I'd say that the Q1 financials will look pretty good for 2016. I believe lots of first time buyers from last year that were testing the cameras out will return. I also think word of mouth will do good for them. I like the steady, solid foundation that they seem to be building for a legitimate business worthy of climbing out of the OTC market someday in the future.
Yeah, looks like I may have picked a good time to average down quite a bit. I still think it's setting up for a little Technical run with any kind of volume. If we could break the PAR SAR we might even be able to form new support from a T/A point of view. I feel like this has yet to be discovered by a lot of people out there.
Here's my take on the scenario this morning... First, we've had two very explosive, exciting, and fun days (Thursday and Monday) and everyone was riding high on the success. Thursday's close was great and a nice surprise but yesterday's close blew everyone away. Even if we were calling for a good day yesterday, we all know that a lot of that was sheer hope that Thursday's rally wasn't just a random occurrence. It's not that we didn't expect, or at least want to expect, yesterday's continued run, it's more that nobody could believe that it finally might be happening.
When it did happen yesterday, a whole bunch of people holding quite a bit of shares had 17.5 hours after the market closed to stare at a portfolio that had exploded with a stock that had experienced nearly a 100% gain in 3 trading days. That does a lot to a person, especially with a ticker that has been through so much. Even the true long believers stared at that PPS last night and fought with themselves about selling off at least a bit of their position at that PPS, just in case it did pull back a bit.
Then, this morning, some pulled the trigger and set their stop losses "just in case." Then, when those stop losses started getting hit, others thought their worries were coming true and sold. Still more had already decided to take some profits and get back in at a lower PPS (which I talked myself out of for some reason). There might even have been a few poor souls who got in yesterday that sold this morning in a panic thinking they had made a mistake and wanted to cut their losses. Either way, what happened after the panic is what I am excited to see.
I must admit, I too had that feeling in my gut this morning when, by 9:36, I was thinking "uh-oh..." Most of that feeling was coming from my decision to hold 1 more day before taking some profits and hoping for a dip to grab some more. I missed that play because I over-thought, some didn't, some got out for good this morning, still others fell victim to their emotions. What I see from 10:15 until now is what makes me smile. After 45 minutes of chaos, everyone collectively took a breath and we started back up again, more solid than this time yesterday even.
If you ask me, I think we are in pretty good shape right about now, we passed the "panic test" without much bloodshed. We also got the pullback that we all knew was coming out of the way. The last real unknown comes with the financials today... If we can hear good news today, we should set the stage for the next level with Terra Tech.
Just my opinion, be it a long winded one. This is why I just read and not post. I've held a position here since October but just never post anything. I don't want to torture everyone with my ramblings. Had to get in on this, though, as I feel like we are at a very important turning point with Terra Tech.
I was a little concerned when they increased their Authorized shares from 50 mil to 250 mil but so far, their Outstanding Shares as well as the float has remained decent. I saw the financials as pretty solid for a company less than a year old. At this point, forward progression is all we can ask for and it seems like we are getting it. It really is a good market IMO and one that has no choice but to grow, what with all that has been going on with the mistrust in police departments lately.
Again, I may be seeing what I want to see but I really think this could go somewhere. There's a bit of toxic financing but every company goes through that, what really matters is what they do with that financing and can they use it to become sustainable. I have a feeling the Q1 financials will be the first to show the most significant progress.
I see a good foundation and that's important, at least to me it is, very much so. That's what drew me in last October when I took my first position. I got out on that run up to 2.20 (didn't close there, pulled back to 1.75 before the day was out). Back then the fundamentals didn't seem good enough to support such a price so I bailed (thankfully) but I fell in love with the idea behind this company, it was just too young for me to hold a long position in.
After that it started a series of very predictable peaks and troughs that I kicked myself every time for not having the guts to play, that lack of confidence comes from stepping away from the market for a few years and it really hurt some possible gains. I decided to get back in at .84 in January at what seemed like yet another trough in its normal pattern but that's about when she decided to free fall for no apparent reason. I should have know as it was coming down after one of the longest sustained peaks holding between 1.10 and 1.20 for nearly a month but I let the fact that I was upset for missing the last several dips cloud my judgment. Emotion is fatal in the market but it gets the best of anyone at one time or another.
After I got back in she kept falling and I ALMOST pulled the trigger at .50 (my tentative stop loss) but decided "screw it, lets go all or nothing." I averaged down at .36 and again at .14 and so here I sit with a position averaged at .2572 and I've decided to stick with it no matter what happens. Might as well at this point. I see nothing causing me to believe the company will fail and it seems to me a long position here has a potential to pay off pretty well. I'm considering trading some shares while building a core but the PPS will have to become a bit less volatile first. This stock has definitely turned from one of the most humorously predictable tickers I've ever seen between Oct and the end of Jan to the wild and free "college freshmen" ticker you see right now.
Well, long read but I figured hey, might as well let everyone know where I stand here. Or at least devnull since there is a good chance you and I are the only ones here at the moment lol. Nice to finally have someone to talk to with a position here though, I got bored talking to myself after a while. After I would post I would think "honestly, who are you posting to? You are seriously going crazy..." I also thought it might be good to share my experience since it seems that there is a chance that I have the most history with Force Protection so I thought maybe sharing that experience might help someone else make a decision here.
Best of luck to you devnull as well as anyone else who may be lurking in the shadows here with a position. If you are lurking, post! We need some good conversation here, it's good for the soul.
I'm crossing my fingers. This is the longest it's held for a bit at any kind of support.
Well, I was gone for a few days but it looks like Thursday wasn't too bad of a day. We might have found a bottom. A nice day today would be a great way to start the week off.
My guess is that's because I added today... I apologize for bringing with me my bad luck
Well, it filled now. No turning back, I knew it'd get me today, just couldn't pass up adding a few more here. Maybe it'll offset a few of those .84s I've had to stare at for a while now. And the .36s... Yep, I've definitely rode it down a bit. Honestly, I'm sure the drop in PPS must be my fault, it only started when I jumped in...
My thoughts exactly. They were pretty quiet for longer than I liked for a while there. I've been watching them since last October or so and this was the longest they had gone without saying much if anything. The financials didn't look too bad to me, definitely not bad enough to warrant the fall in PPS IMO. I guess this is a "we will see" scenario.
On a side note, somehow my bid at .14 apparently didn't fill and I feel like it should have. It's not like I'm some whale placing a giant AON order either...
I just saw that PR. Multiple orders definitely sounds good but I wish we could see a contract. Still, I think that may have been the final hook I needed to add some more today.
Something just seems off here. I don't know if that's a good or bad thing. I'm really fighting with myself with grabbing up a few more shares today. I really feel like a rebound is in order, everything seems to point to yes. The low float has definitely been an influencing factor in my continuing interest here. Not to mention the fact that I really think they might be on to something with this industry.
Seems almost idiotic not to average down a bit more at these prices. I've got a feeling it's going to get the better of me today and I won't be able to resist adding a few more.
There is a chance, albeit a very speculative chance, that we might have found a bottom yesterday. I do hope so after these horrifying past few weeks. Today will be a big day in terms of T/A for this stock. What will it do? I definitely won't even try to offer a guess but if it holds today that would be a good sign. There's a chance it could run a bit as it looks to be pinching again but this one has really been working outside the norm lately...
I cant, for the life of me, figure out a reason behind the fall. I will say I took a hit as I do have a little position here. It did pinch and run a bit a while back and then fell like crazy again. There is a good PR today that looks like it might turn things around, however.
http://www.marketwatch.com/story/force-protection-video-introduces-the-citadel-c1-camera-system-to-address-us-graffiti-problems-2016-03-22
Oops, for some reason I am having trouble posting the correct chart, If I can get it to work I will post a new link.
Well, it formed a pincher play and looks like yesterday was the pinch. This may be a turning point where we could see a bit of a run.
http://stockcharts.com/h-sc/ui
Looks like it may have finally found a new bottom and may be turning back up. It also looks like it may be forming a pinch. If we can break the PAR SAR and form a new support at the MA50 it could be a start of an uptrend.
Some good news would also help immensely. I really believe this is a good market and if FPVD can solidify themselves as a frontrunner we could see an up-list in the future.
What a horrible last hour of trading. Up the majority of the day then a plummet in the last 45 minutes, also equating out to 1/3 of the total volume for the day. People flipping hurting the price IMO. I still think there is something here. It follows a pretty predictable pattern but today it was hit hard at the end.