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Turned out to be bearish. Another head and shoulder breakdown. Knockout punch. Headed lower. GL
Tom123...
Remember this end of May? Here it sits now at a buck and change while the bio sector and general market has continued to scream higher. There is an entity that continues to short on every uptick. It is easy to see. No catalysts. There is no volume buying to boot and hasn't ben for a long while. Short term bearish until that changes and is swapped with volume buying.
However, if you take another view at the chart here at this juncture, you will it is sitting around the slop 50% pullback area from this years slop lows to slop highs. It could be construed as bullish, despite the short term being bearish. I'm long here...are you legging in when it's offered up? The shorting won't ease up unless forced to do so, so it may be a while since positive general market/sector forces do not effect this stock in the positive in the least bit. That leaves PH and Co. Doesn't give you the warm and fuzzies at this juncture does it. The recent facility PR release was a dud and no match for the opposing forces at work here combined with lack of buying. Could be a while given nothing of significance is tee'd up near term. Good luck.
L..M.A.O.
...still as clueless as ever, I see. Pro Tip: Don't fight the fed, genius. No, we are nowhere close to a "blowoff top". Do you even know what an exhaustion candle looks like?
Perhaps you should have paid a bit closer attention to Powell & Co. when they uttered the two magic words "UNLIMITED QE" at the end of March. Had you done that and played your cards right, you could have made life changing money. Instead, you sit here and wait for CEO Peter and "Clueless Kim" to step down so you can see a PPS pop to perhaps 3.50 on the news whilst you watch helplessly stuck as countless other stocks continue to soar.
You see, Hanscott, you think like like 95% of all the other "Joe Q. Sixpack" Robinhood traders do out there...you buy into the media hype and think that the dire news will have a negative effect on the stock market. That is way it pays so handsomely to be a contrarian.
As for MRKR..How long have you been stuck holding, if I may ask? Smart money continues to control the direction of this stock.
DOW 30K this year. SPX 4k+
Have a wonderful weekend!
Well there it is. What you just stated shows me everything I need to know about your investment acumen. This is why you hold one of the only biotechs that sits near its 52wk lows amidst a red hot sector. Perhaps you brainstormed that offering with CFO Kim. Genius.Thanks for playing.
Keep it simple when charting. If you draw your lines correctly, you will see that MRKR has been in a multi-month bearish wedge and predictably eventually broke down out of such (in large fashion on Friday). This remains as near to a 0% risk short on engineered bounce attempts as it gets. Stop at 3.40. Again, smart money shorted this as it predictably bounced to that 3.00 mark leading into ASCO..I thought they would squeeze it a bit higher to that 3.40 level but no dice. This is why you saw a "legging in" on short vol. on that bounce.
Remember, the co. will need money in the not-too-distant future and the shadow knows it (shelf offering)...will keep price pinned accordingly imo. Again, Peter & Co. helpless. Binary event have come and gone. Nothing on deck near term. Market in general needs to pull back here as well after the massive run.
Recent shelf offering timing debacle yet another fumble by your CEO. Always fumbling and so very predictable. Deliciously shortable on the run-up to 3.00 level heading into ASCO and that is precisely what smart money did based on likely binary event outcome. Who is smart money you ask? It really matters not but I think you can figure it out. Betting against Peter on engineered run ups is taking candy from a sleeping baby. He thinks he is in control but he is not. Simple.
MRKR was unable to run with the blistering hot sector this year for good reason. It missed out on a very wide open window.
No, the reality is this stock is under the control of forces of which you do not understand and has been for a long time for good reason. Easily identifyable. Like I said, management is helpless and smart money knows it.
The same people here continue to bet on bad management. The trend remains strong...smart money short the bounces to resistance as it continues to be easy money. Management is helpless and chock full of amateurish mistakes and excuses. The binary events are clear and out there for all to see. No risk for smart money. There is a good reason why this is one of the few bios who remains at its 52 week lows in the face of an extremely bullish sector near all-time highs this year.
Yikes.
Not interesting in the least bit. In fact, it’s funny. Some genius on stocktwits with a ton of followers posted he thinks he found a “gem” in MRKR because he “discovered” the co. got FDA for a machine they produce which cleanses blood. The fool doesn’t realize he’s touting a completely different Marker company. Comical!
Fibonacci as your roadmap here? That explains why you find yourself "in a pickle" after trying to pick bottoms only to see lower prices. I suggest using 60 min and daily traditional charts with ema's, TSI, money flow, etc. and identifying short term pattern setups. Those pattern setups (bear flags to ST resistance points, etc) have been flashing for a long time and have played out/continue to play out accordingly. GL
Hello Franz -
From what I understand, VirTra is only working with Lockheed in regards to their ThreatFire belts, not entire simulators. The company would not need 30k square feet to make the belts in my opinion. I think the move to a bigger space is because they are preparing for continued organic growth, nothing more. Just my opinion.
Andy,
If that was the true reason for the move to the pink sheets (to avoid BK), then they made the right move and did what they had to do. Was that an official reason from the company when they made the move?
Also, do you know why they have not ever publicly mentioned plan to move back to a listed exchange when they get to a certain milestone? You would think that would be a very important area to touch on with shareholders. Thanks for your input.
Excellent analysis Pinks. From what I've gathered so far in doing my own dd, I agree with what you said in regards to their poor decision to move to the pink sheets and that sure seems to be haunting them now with regards to the stock price. I also see your point about the stock possibly being stuck here until such time they move to a listed exchange and become fully reported. I've owned a very select few pinks in the past which have made very nice moves higher based on solid fundamentals. Perhaps this one can do it to? Might throw a couple of k at it on a flyer and won't hold my breath. Too bad it's not on a listed exchange...I would have thought I had found a real diamond in the rough and put some real money in it for a hold based on what I know about the quality product they are selling. Thanks again for your thoughts. Much appreciated.
Thanks JModified. Appreciate your input re: potential patents.
I've been watching this co. for some months now as I was turned on to it because of the simulator they sell. Didn't (and still don't) like the fact the company does not discuss moving to a listed exchange (thanks to Pinks for shedding some light on that for me). Only thing I know is the simulator is a real nice product that law enforcement municipalities are using and they are giving two thumbs "way up" on it so far. Still have more research to do here though as it relates to taking ownership in some of their stock.
Any thoughts on the company (specifically management) whether good, bad or indifferent are VERY welcome. I especially like to hear the concerns others have. I do know that the company now has a former Taser employee on its sales force and from all accounts he has the opportunity to plow the fields again in which he has already sowed with the taser sales. Whether the public likes it or not, the taser is a wonderful tool for a police officer to have and they like having it on their belt as a less-than-lethal option. Training an officer on lethal force on a quarterly basis via simulator is essential, imo. The shooting range is one thing, but to experience the "tunnel vision" a police officer gets in stressful real-life scenarios is quite another. That is when prior training/muscle memory completely takes over. VirTra is in a nice spot in that arena.
Pinks said,
"Reality is that the company was taken to the pinks for a reason, and I'm afraid that was to place an unaudited, and non-GAAP, $6+ million in assets onto the balance sheet. It's further my concern that, no matter what future sales might be, no serious or institutional investor, or even a merger partner, is going to take an unaudited company serious, especially when even the slightest research will find that the company's "assets" are misstated."
Your reason for the company's move to the pinks may be valid.
That being said, your comment "no matter what future sales might be, no serious or institutional investor, or even a merger partner, is going to take an unaudited company serious..." I have to respectfully disagree. If one backs out the $6 million "asset for intellectual property" yet the company continues to grow revenues at a clip consistent with recent quarterly reports, THE COMPANY INCREASES ITS VALUE regardless of whether or not its audited at the time a company or investor shows interest. If it's a merger in the works, the company will be audited prior to any closing. This company appears to want nothing to do with any merger at his point. They are making the moves to go it alone.
The company has now grown to roughly $5 million in annual revenues. It has added six new sales people recently and is moving in to a larger facility to keep up with demand. The company is growing. That aspect is not in question. Let's say the company doubles its annual revenues in a year or two and brings in $10 million in annual revenues. What if the company continues that growth pattern in the years ahead? After all, they have only touched the tip of the iceberg as it relates to potential sales. If it can maintain anything close to the 67% profit margin it enjoys now and can keep expenses down, they will be worth more than it is today despite the $6 million asset inclusion on the balance sheet.
I know the product and it gets rave reviews by those law enforcement personnel who train on VirTra's simulators. I am not an "insider" of the company and do not personally know anyone who works there. All I know is that the company appears to be in the very early stages of a growth cycle at this juncture and it has much potential. Can they take advantage of that potential? That remains to be seen. I've held too many stocks to count that have headed higher on increased revenue growth but continually show losses in regards to EPS. VTSI is on track to show positive increases on both accounts. Only time will tell.
Appreciate your thoughts Pinks. You seem to have a solid grasp on the companies financials. Thank you for your continued input.
I was assuming PINKS was referring to the Threat-Fire belt and/or the 360 degree screen module when he made mention of "The false value placed on intellectual property". If VTSI does not have a patent for either, any of its competitors could make the same thing. However, if VTSI did have patents on those things, they could be in a real nice position. I am surprised those who post here with regularity have not touched on this issue re: patents or lack thereof.
A move to a listed exchange would garner more exposure for the company's stock, but it could rise on its own merits on the pinks as well. I've held several companies over the years which were listed on the pink sheets that performed well. Would they have performed even better had they been on a listed exchange? I'll never know.
One thing is certain, this company seems to be on a course for continued growth. How the stock performs from here is anyone's guess due to it being on the pinks but I can't help but believe the price will catch up to the company's value in due time regardless of it switching to a listed exchange. Thoughts are appreciated.
Pinks,
"The false value management placed on the intellectual property precludes movement back to fully-reporting status (no auditors will sign off on it), and scares off any institutional investors."
I guess that explains why the "patent-pending" Threat-Fire belt has had it "patent pending" status for over five years now with no actual patent issued. Thanks for the clarification on that.
As for the product itself (the shooting simulator) sans the patent, it seems to be gaining traction among local police department municipalities. I can attest that quality of the product is certainly there and the price is right. The company also takes the "Nordstrom" approach when it comes to customer satisfaction and in my opinion, that is equally important.
As long as this company can continue to increase revenues, the stock price should eventually head north. The company does not "need" the patent to go forward, but it does open it up for competitors to emulate exactly what VTSI offers. You are correct about Institutions and pinks...they don't buy them. For VTSI to get any institutional support, they need to be on fully reporting status on a listed exchange.
Interesting that the company never talks about the five year "patent pending" or plans to become fully reporting on a listed exchange....perhaps if they were to address those issues the company would be more transparent and more money would flow in to the stock.
What are your thoughts on the stock price at this juncture?