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I guess I got my answer...down .22 in first 3 minutes of trading
Will traders/investors see this earnings report as a disappointment and sell off?
@ Rhet...I did receive a short same day reply from Tom Mastaler, SVP Business Development-Industrial, asking for more specifics.
I was very pleased with the fact that he responded and with the little bit of info he mentioned. I returned the specifics in an email today.
A competitor's device and sales concept (In Russia)...Showroom
http://rbth.com/science_and_tech/2016/07/22/russian-man-goes-to-the-altar-in-his-new-exoskeleton_614195
Thanks for the reply. I did send an email to marketing just prior to asking you. I will wait a bit and see if I get a reply from them.
@ Rhet...How do you suggest I proceed if I think that I may have an application for a device like the EKSO vest? Literally thousands of workers and their employers would benefit from a device like this.
Well, it came a little sooner than I expected but, there was the first test of the support level. (see post 2185) It bounced off it well this time. I suspect we will see it again if we do not get news soon. If you were thinking of buying, I would watch this level closely, keep yourself updated on any possible news or Fitz-Gerald article that would cause a quick upward pop, but absent of that I believe you will get a better entry price when it drops to that support level. If you don't feel comfortable, you can wait to see if it bases or breaks down to the next support (5.15 area). I am gathering funds for that possibility. If it doesn't drop that far I will be happy but I will be ready to add if it does.
I am long EKSO and I will use those dips to grow my stake.
Reading the 52 week chart of EKSO has enabled me to add to my position at the near bottom of 2 dips and the absolute bottom of 1 dip in share price. I have made a total of 4 purchases, including my initial purchase (no sales). Also, if you look back at my posts, I have pointed out the resistance points and support points and each time that the stock has met that resistance level, it has been able to break through and then has fallen back. Many of the support level have held and then were followed by a upward bump. Many of the upward moves in price have come after the support level has been reached and Keith Fitz-Gerald has released a newsletter comment. I believe the charts have reflected a stock that drifts slowly downward until it hits support and then reacts to either Fitz's article or a small press release. Those upward moves slowly fade again. What is needed to break through the resistance is a clear positive earnings release that shows good sales income. This is the 3rd time since April that we have seen this level, without news it is my opinion we will drift lower again to around 5.60 support level, where it will base again. From there it will again depend on an article from Fitz or small positive news to keep it from breaking farther below that level.
I really believe that in EKSO's case, the 52 week chart does work.
In my post # 2162, there is a link to an article about Bionik. They seem to be aligned with IBM, using Watson Cloud Technology.
I have read other article about them. I believe they are still a little ways off from getting their device approved.
Here is a link about an acquisition they made in March to add commercial stage upper body devices to their portfolio. It also mentions their relationship with MIT.
http://www.prnewswire.com/news-releases/bionik-laboratories-ters-into-merger-agreement-to-acquire-interactive-motion-technologies-inc-imt-300231472.html
Ekso is reaching 2 key points on the chart, last resistance until the 8.00 level and is at 200 day avg. Good news released here could really make the price pop.
At least that is how I read the 1yr chart. Any other thoughts?
@Rhet...How would EKSO go about filling a large order of one of it's devices, such as EKSO Vest? What are it's production capabilities? Do they have "in-house" capabilities or would they have to out-source? Has that been addresses anywhere?
While I welcome new people who are genuinely interested in EKSO, it's product, technology, the industry as a whole and all the benefits to patients using the devices, there are several from that board that we do not need here. One of the reasons I read and post here is because there are few get rich quick stock chasers here. We have had a few that have moved on. Most penny stocks' boards, (which hopefully soon, EKSO will not be considered as)are filled with BS post like "yeah, baby, off to the moon" and garbage like that. I noticed that you are now a moderator, I trust that you will quick wed those out should they show up.
Also, thanks again for all the informative articles you are able to dig up and post.
A link about the competition
http://finance.yahoo.com/news/upstart-bionik-labs-takes-ekso-130000559.html
@ Punch...I do agree that we need to hear some solid news. I am just happy that $4.00/ is looking pretty far away now! It was getting scary for a while there.
Well, if this is going to happen every time I have to be gone working before the market opens and not watch the board, I guess I'm off to work again...LOL
I am curious though what is actually driving this. Same as I was curious as to what was driving the drop earlier.
Very educational read! Thanks!
No problem, I understand. That is why my username is skeptic one...On the internet you have to verify what you read before you can trust it.
Ms. Sue Golden was the woman I talked to previously.
Thank you for the input, many good question I can use. I will be compiling all questions suggested to me and then see if she will grant me a face to face meeting so that I can interview her and record her answers. I will post here with any progress. Thanks again for the questions.
She is in charge of the department of the Good Shepherd Rehabilitation Hospital, that uses 3 of the EKSO devices to aid in rehabilitation therapy for patients.I would like to have serious, pertinent questions to ask her that may give us more information about the interaction between them and the company, how the information obtained during therapy sessions is studied, used and conveyed to the researchers developing the devices. Benefits witnessed by therapists and patients.
The thing that is scary about today is that if this was driven by the Fitz-Gerald article, what does that say about those who bought in because of it? Do they not investigate the company they invest in? I see people on another board saying "sales, sales, sales" like the information in the article was new. We, here on this board, knew EVERYTHING that was in that article, thanks to the due diligence and effort (of several people on this board, Rhetorical especially ) to uncover factual information about the company, it's products and the industry and technology it is a part of, and those people's willingness to provide that information for the good of all.
If this was just a reaction to the article, this little rally will fade. If there is something else that is out there that we have not gotten wind of, then this may be the beginning of a true breakout. Hoping for the latter!
Just got home from roofing in the 94 degree heat, and looked at my stocks. What a nice surprise! I don't feel quite so miserable now.
I just hope that the pps move is more than the Fitz-Gerald newsletter article circulating because the bumps from them don't last.
http://www.goodshepherdrehab.org/ekso
This facility is only a few miles from my home. A few months ago I spoke to the woman in charge of the department that uses the EKSO devices.
I am looking for input of questions that I can ask her. When we spoke, she was very open and helpful and we discussed a possible meeting to discuss the products and their uses further.
I really want to be organized and prepared before I make an appointment to meet her, I do not want to waste her time. So if anyone could help me organize some type of presentation for her I would appreciate it. I think it would be a great chance for all of us to gain more information and insight into EKSO, it's products, the interaction between the company and the facilities using the devices and possibly patient feedback.
An older article, but still something to read while we are waiting for some new news.
http://www.scml.pt/en-GB/santa_casa_neuroscience_awards/news/neuroscience/ekso_bionics_launches_new_bionic_suit_for_paraplegics/
Holy crap, was that a glimpse of green?
@ Rhetorical...I was just checking the Yahoo board, someone (firdausjummat) re-posted your post about your email from EKSO. A response to his post was that your post was fake.
This was firdausjummat's reply:
Someone in that forum apparently wrote to Ekso and got a reply as per I quoted here. You all should check out the forum at investorshub. More information bout Ekso than the one here.
To fird...You are correct, much better info here, without all the stock hyping, just information and discussion that pertains to the stock. I check in to that board daily but find little of value (company specific)in most of the comments. Thanks for the good words.
http://www.orthospinenews.com/world-medical-robotics-and-computer-assisted-surgery-market-is-expected-to-reach-20-5-billion-by-2022-finds-new-report/
The rehabilitation robotics and hospital & pharmacy robotics segments collectively accounted for around one-third of the market share in 2015, and is projected to maintain dominance throughout the forecast period. The growth of this market was majorly attributed to the shifting trend from wheelchair to robotic rehabilitation therapy, growing focus on hospital infrastructure improvisation, and increasing healthcare expenditure. Likewise, the use of hospital and pharmacy robotics have led to cost-cutting in hospital expenditure and reduction in cases of hospital-acquired infection, which further supplements the adoption of hospital and pharmacy automation robots.
@ Rhetorical...That is part of the point that everyone seems to be concerned about and are selling shares over. NOWHERE has EKSO come out officially and said "We have applied for NASDAQ listing". The question is "HAVE THEY APPLIED OR NOT?"
One person at the company may have IMPLIED yes, in an email, but that is not the same as EKSO itself releasing publicly, that it has. THAT, is what is drive the panic. If they have not applied that means the split was for nothing because we are nearly below the $ 4.00/ requirement.
No one is asking them "when will EKSO be listed", most people understand that that decision and timetable are up to NASDAQ, but they want to know, with a definite "YES" or "NO" if the process has been started.
Get rid of the uncertainty and the panic will subside.(that is if the answer is yes)If they have not applied, we are in deeper trouble!
At this rate we will be below $4 tomorrow. We broke that last support level, now this is getting ugly and NASDAQ listing can only do so much to get back what has been lost. People are losing faith! Release some news EKSO.
I will be gathering funds for one more buy, but I will be constantly checking any and all news sources constantly so that I can get my buy in, if/ as soon as the uplist is announced. I am not going to add any more until I hear some news, but I am long.
That is exactly what they should release in a press statement. I think it would calm things down for a while.
I believe this share price decline has everything to with the uncertainty of NASDAQ up listing. The company still has not come out with a statement saying it has met all requirements and has applied for listing. It said that they "intended to"...I believe people are beginning to fear that it will not happen. The bleeding can be stopped quickly with a few words, "we have filed for listing on the NASDAQ, it is in their hands now."
Another article about the BMW testing of the EKSO Vest...Same basic info as the link posted by Rhetorical
http://www.motor1.com/news/64455/bmw-workers-begin-ekso-vest-testing-at-spartanburg-factory/
We have now reached a critical final support level. If we close below this I believe the future of uplisting is in danger. I believe breaking of this support level will cause many to sell off and this PPS will plummet further, to below $ 4.00. If that happens any news will just get back what has been lost instead of being the jump to $ 10.00 or more that it could have been. I am long EKSO but this is no longer looking promising, actually beginning to look downright scary. Time to release whatever positive news they may have.
Also...if BMW in the US is using them, you can bet American car makers and Unions are contemplating them, if not already testing them. This should open the door to ALL assembly line workers of heavy equipment assembly (Trucks, tractors, etc.) I'm sure lighter versions will find their way into all assembly lines, to reduce repetitive motion type stress injuries.
I like the "trials on 30 employees...they don't want to go back", "BMW expects that all relevant employees will have their own" and "Eventually the devices could be worn by BMW workers from Germany to China"....Everyone who questions what Ekso and it's sales team and PR department are doing need to read this.