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I recently took advantage of the jump in RWLK; on a statement that was floating around. I had originally entered at 1.05 and the pps went down to about .76. Then spiked on what was no real news. I used that opportunity to get out at 1.10 and re-enter with the same amount of shares when it fell back to .80. That left me with extra cash that I was going to add to my EKSO position. I put a buy order in for EKSO at 1.80. That was after the market closed. Early the next morning (before pre-market) the recent Ford news was released and the stock began it's climb so I missed out on that chance. Looks like 2.60 will be the next chance.
I have been in EKSO since AUG 2015 with a short period out after the recent jump over $4, I got out @ $ 3.71 (Nov '17),came back in at 1.51 and 1.61 but with less shares, I put the rest of the money into RWLK.
My stategy for both stocks is to have 2 separate alotments of cash for each, one part is long and other is to use to take advantage of news driven spikes to accumulate and add to the long funds when an opportunituy arises. That has gotten tougher with EKSO.
The stategy is still a work in progress.
@ loniee...I'm looking at 2.60 for possible purchase. In a previous post I mentioned light resistance at 2.60-2.80. It spent a little time in that range, this AM it hit 2.80 and was rejected pretty hard, dropped to 2.60 and looks to have held. I'm waiting to see what pattern developes. EKSO has become harder to pick entry, the lows keep rising. It is great for my shares that I have had for a while, but is getting more expensive to add.
Article is a bit confusing but some background on EKSO vs. AIRFRAME at BMW
http://projects.thepostathens.com/SpecialProjects/innovation-edition/bmw-russ-college-alum.html
More info on the competitor's AIRFRAME Levitate vest:
https://www.roboticstomorrow.com/article/2018/03/new-exoskeleton-is-revolutionizing-work-processes/11546
You may ask "Why are you posting so much about the competitor?"
My answer is simple, "I can't find any CURRENT articles about the EKSO vest or ZeroG being used anywhere. (Other than the Ford plants). I can find articles about the devices but none that list companies that are using them. I know they are out there.
Why can't EKSO come out with an article like this one about the Levitate vest...
http://magazine.todaysmotorvehicles.com/article/march-2018/exoskeletons-support--bmw-line-workers-in-south-carolina.aspx
Here is a paragraph from the end of the article...
MADE IN CALIFORNIA
Due to positive Airframe feedback, Levitate officials are anticipating an increase in orders. The exoskeletons are produced for Levitate at the D&K site in San Diego, California. Production levels, measured in systems per month, are in the hundreds and in the process of transitioning to the thousands. A group of employees assembles the individual parts.
To avoid long lead times, Levitate and D&K are testing systems to increase production by 5x. Based on initial demand, the planning department estimates that thousands may have to be produced every month to keep up. When large companies complete their tests, a wave of orders could potentially arrive all at once.
This comes from the article I posted a link to in an earlier post:
"Other adopters of Airframe are companies in the agricultural industry. Tests were carried out at an international agricultural manufacturer to study the efficiency of painters and welders using the Airframe."
It baffles me as well why EKSO does release that info here. They didn't really even release the info about the Ford deal, I think they mentioned it in the conference call after it was already out and the stock pps was already moving.
I guess I should make a list for the next conference call and ask some questions.
This article seems to say that BMW decided to go with the AIRFRAME Levitate...saying this in the article:
BMW announced that the Airframe has outperformed other systems, providing workers a great deal of relief in their U.S.-based factories.
https://www.machinedesign.com/motion-control/manufacturing-workers-become-more-human-exoskeletons
Here are some links for you to take a look at. The first, is an older link, it says BMW was using 24 EKSO vests and 44 more were planned.(2017)
https://exoskeletonreport.com/2017/03/mw-group-harnesses-the-potential-exoskeleton-technology/
I know EKSO was testing with BMW but I believe that BMW ultimately went with the AIRFRAME Levitate vest
https://exoskeletonreport.com/product/airframe/
This link shows the AIRFRAME Levitate being used by BMW in Regensburg factory (2018)
Crudeoil24...do you have an references or links that support either of your statements? Last I read BMW went with a different company’s product.
Porsche...No need for addition comments from me, you covered all the bases. Perfect!
Nice to see both of our stocks moving up together for once
Can't find anything that would have caused the move at about 3:30 but I'll take it.
I'm seeing $2.60-$2.80 as slight resistance, then $3.50, but I think it will be a gradual climb. I have liked the way the company has handled things since the R/S (inclusive). They seem to be focused on what they need to do to succeed and not worrying about dropping tidbits of information that cause wild swings in PPS.(like RWLK)
With RWLK pps unde $1.00 they need to announce something every so often to keep pps up until they can conclude the JV and get another Tranche, also get their product through clearance.
I think PPS is safely above $2 so I don't think that buy order will ever be filled.
I am holding 5000 RWLK at .80 and 1635 EKSO at 1.59 and have $1500 set aside to add to either...I’m not happy with my ratio either. It’s harder to pick up EKSO shares with it moving steadily upward. Like I said earlier, I was hoping to add more EKSO at 1.80 this AM but the Ford news came out at it ran. Now I have to figure out what I want to do. A 3rd option I am considering is to add to a stock that is making me over 10% dividends, then use the dividends to fund RWLK/EKSO. Or use dividend reinvestment like I have been doing.
$2 has been resistance, now that it has broken above maybe it will become new support. I will be watching the intraday chart to see how often it bounces off that level.
Last night I put my limit order to by more EKSO (with the savings from getting back in RWLK at a lower PPS) and then the PR comes out, so I missed the boat on that on. This is the exact reason you have to have something in both of these stocks. You never know when a PR (or Tweet) will cause a spike. You also have to have "spike money" seperate from your long term money. That is how I am accumulating shares.
I agree that 15 more vests is not going to be a huge financial impact but it does give them a revenue stream that RWLK does not have. I believe $ 2 is about where EKSO should be trading. I think this bit of news will keep them above $2. It is acting more like a regular stock. Have to look to buy pullbacks. Low $2 may be lowest buy in now, will have to see what earnings brings and then watch for a few days. I like the slow steady progress there. The shares that I have in EKSO are going to stay put unless there is any spike. How high, how fast and on what news will determine what I do then. That is basically what I am doing with RWLK. RWLK tends to have more spikes because they release tidbits that get the traders jumping. I try to accumulate on the spikes and return to earth.
Majestic...As per my Post #5391, I had put a limit order in last night to buy 820 additional shares, but thanks to this news it looks like I missed the boat. Already up .43...Well, at least the shares I do have are making money.
With this news I think EKSO will stay above $2 for good. If the earnings report and conference call are good this could explode. Then it will be a challenge to figure out where it should actually be valued. Press releases cause the PPS to spike and eventually settle, where that will be is anyones guess now, since we are in uncharted territory now.
Abira...Got out at 1.10 (5,000 shares), made a whopping $250, but am back in with 5,000 shares at .80...so I saved .25/share (from the original 1.05 buy in)...am putting all the savings and tiny profit into more EKSO shares. It has been working out playing both exoskeleton stocks. Any release from either company has potential to spark a rally even if the release isn't really much news.
Back in RWLK with same number of shares but at .25/share less plus $250 profit so I am taking the money I saved and buying more EKSO. See if I can pick some up before earnings tomorrow.
Back in with 5000 shares
I am expecting a re-test of lower levels before earnings report (at least .80) and have a buy set should that occur. Looking to get back in. Question is, with prelim announcement being released, has anyone really read it and will there be a reaction when audited report is released. IMO it didn't look good and if that is what everyone else determines when they see the final report, does RWLK break below the low? I don't think that will happen, but if it does I think that would signal the end for RWLK. If it holds and they can get the second Tranche, we could see that serious breakout everyone is hoping for.
This link was posted by db4 on stock twits on 30 July:
https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vNo07nnZMhsE/v3.mp3
This is a line from the release...
This year, he worked with his local VA hospital to pursue the necessary evaluations and procurement request to obtain the latest ReWalk device- the ReWalk Personal 6.0.
Once again people are jumping on this like it is earth shattering news...
It is one suit! The approval also didn't just happen overnight. They had to have been in the system for some time. Also the approval may well have been granted without the VA revision policy. He may have already qualified under the original procedures.
Looks like you may have a chance to empty that bag this AM...RWLK moving on another company "fluff" release.
Referring to any comments in particular?
Sorry for not replying earlier. I was on vacation and don't do computer/ social media then. Vacation is much more enjoyable that way and it reminds me that I won't die if I am off the internet for a while.
Sorry to hear that you were still holding shares when it dropped. I do think it will recover eventually but I think it will take some time. I have a large (for me) buy in if it re-tests the lows. Even if it does re-test, there is no guarantee that I will get any/all of my shares. I am also watching EKSO for a chance to pick up more shares there. It all depends on which one reaches my buy price first.
Thank you for the information. I was aware of some, but not all the terms of the tranches. I think RWLK is in a much weaker financial position than EKSO, currently. Like you said, there is a way forward though. RWLK just has to execute the plan.
I believed both stocks would have spikes (at different times) on speculative news. That's why I decided to put some cash in both stocks. Unfortunately I got caught with all my shares of RWLK being bought at 1.05 and dropping to below .80 when the spike came. So on this spike I just recovered what I was down and made a small profit because I got out a bit early. Now I have to get back in and wait for the next one. EKSO is on a slow but steadier climb upward. That is why I am keeping those shares. I get very nervous when the spikes come on no/little news. I always get out and wait until it comes back down.
If either of these companies release solid, substantial news they will take off.
First, RWLK was in oversold territory. Second, RWLK releases the statement below. IMO, people read too much into it and began the feeding frenzy. Traders moved in creating upward momentum until reality set in. (I warned about this) Now there are many left holding the bag.
I will try to explain why I believed that people were reading too much into the released statement. Read the statement slowly and carefully.
I believe that people were under the impression that RWLK was the SOLE beneficiary of the revision. You have to remember that RWLK is releasing the statement, so of course they mention that "veterans can be trained to ues the ReWalk device"....They can also be trained to use the EKSO device or any cuurrent or future competitor's device.
The main point of the VA revision is that patients have expanded ways to gain treatment using an exoskeleton device. (not specifically a ReWalk device)
VA Policy
In June 2018, the U.S. Department of Veterans Affairs (the “ VA ”) issued a revision to its national policy, initially released in December 2015, on exoskeleton medical device evaluation, training and procurement for qualifying veterans with spinal cord injury across the United States. The updated policy includes further guidance on the evaluation process and expands access to training program locations among the VA network and private rehabilitation centers, where "individual may be allowed to pursue training on exoskeleton use, such as use of the ReWalk"...again, note the words such as. That does not mean that they are exclusive. Remember, RWLK is using the statement by the VA (with a slight slant) to say that a ReWalk device COULD be used.
The VA statement is a broad overall policy that pertains to ALL exoskeleton devices.
IMO the drop in PPS is the oversold rally running out of steam and people coming to the realization that the PR was not earth-shattering news afterall.
Under the VA’s revised policy, the exoskeleton evaluation process will have all veterans flow through one of 24 designated spinal cord injury VA centers (“ SCI/D ”). Once a veteran is determined to be qualified for training and procurement of his/her own exoskeleton system, the individual may be allowed to pursue training on exoskeleton use, such as use of the ReWalk, in one of three ways: (i) at the applicable SCI/D hub center; (ii) on a case-by-case basis, at a qualified VA hospital designated by the VA’s “hub & spoke” program; or (iii) on a case-by-case basis, at a qualified private rehabilitation center via the VA’s Veterans Choice Program, through which veterans can receive care from a community provider paid for by the VA.
As a result of the revised policy, there are now 142 ReWalk certified private and VA SCI/D training centers across the United States and Canada potentially available to train veterans to use ReWalk. Furthermore, the network of VA SCI/D spoke sites may now be eligible to conduct training and provide additional opportunities.
I'm not impressed with this: From th 8-K
Second Quarter 2018 Preliminary Results: Cash, Revenue and Unit Information
Our unaudited consolidated condensed financial statements for the three and six months ended June 30, 2018 are not yet available. The financial and operational results we present below are therefore preliminary and subject to the completion of our financial closing procedures and any adjustments that may result from the completion of the quarterly review of our unaudited consolidated condensed financial statements.
Our revenues were approximately $1.8 million and $3.4 million for the three and six months ended June 30, 2018, respectively, compared to revenues of $2.0 million and $4.5 million for the three and six months ended June 30, 2017, respectively. We derived approximately 68% of our revenues from the United States for the six months ended June 30, 2018, compared to 76% for the six months ended June 30, 2017. We derived approximately 30% of our revenues from Europe for the six months ended June 30, 2018, compared to 24% for the six months ended June 30, 2017. The remaining 2% in revenues originated in Latin America and Asia Pacific for the six months ended June 30, 2018. We placed 21 and 44 units during the three and six months ended June 30, 2018, respectively, compared to 31 and 68 units during the three and six months ended June 30, 2017, respectively. As of June 30, 2018, there were 250 pending insurance claims relating to coverage for ReWalk, compared to 217 as of June 30, 2017.
Our cash and cash equivalents were approximately $9.1 million as of June 30, 2018, compared to $16.3 million as of June 30, 2017 and $14.6 million as of December 31, 2017.
Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary results and, accordingly, does not express an opinion or any other form of assurance about them. These preliminary results may differ materially from the actual results that will be reflected in our unaudited consolidated condensed financial statements for the three and six months ended June 30, 2018 when they are completed.
A few attempts to break 1.30 have been rejected, and a few attempts to break below 1.20 have been supported. I'm leaning toward the break below 1.20 and beyond happening.
Abira...I agree, I was getting the feeling that people were beginning to wonder if things were happening fast enough or would be enough financially to keep this going and wondering if a R/S was in the future.
With the release you mentioned, it seems the company was aware of the concerns. They mentioned 2 things that would help financially. (The study extention and the TimwellRealCan statement)
Unique co-incidence that PPS is below the NASDAQ requirement and then the PR spin on the VA ammendment comes out as a life preserver...lol
I took the opportunity to get out. 1.05 down to .77 and back to 1.10 and out. Sure I missed a bit of the run but .77 to 1.10 in a couple of hours is good enough for me
IMO this spike is too far, too fast on little news. All momentum/day trading, some people will be left holding the bag here. I sold out and will return when reality and reason set in. (sure hope I am reading this right and not getting myself caught on the outside looking in)
The good thing is that I went from way down to a small profit and now have dry powder for lower re-entry in RWLK or for EKSO.
Just for transperancy, I sold out of RWLK minutes ago, I do not trust this spike. Too far, too fast on no REAL earthbreaking news. Made very small profit but was way down this morning. I would rather not be out but I feel it will come back to earth.
Now I have more money for EKSO!:)
EKSO begins to move at the same time as the RWLK spike. Maybe investors figured out that the VA annoncement is good for EKSO too.
This is what I mean by reading too much into it...Note where it says "News of expanded contract"...That is not what the news states!
While I am happy for the jump in my shares' price, anyone jumping in here could be left holding the bag when reality sets in. Just like when people pile into EKSO on the Ford article.
*ReWalk Robotics Shares Spike Over $1 Level Over Last Few Mins., Not Seeing Mid-Day News To Justify Recent Spike Higher; Shares Up 44% For Session Following Earlier News Of Expanded Contract With US Dept. Of Veterans Affairs
Benzinga