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ArtTrade
Monday, 08/15/16 02:38:00 PM
Post # 1821
I'm not trying to bring the stock down, but I do think we will see new 52-week lows within the next few weeks without any news or press releases.
What was the reason for the spike today? Volatility or was there some news that I missed?
I don't think the order is that significant though. Under the best conditions this new sale will render roughly $90,000 - $110,000 in sales. Hardly a breakthrough contract, needless to say if they get a few more contracts in similar volume, Q3 will be amazing.
Cowboy's posts are getting a little ridiculous. Yes, the stock is stagnant, it will take a a fair bit of news for it to begin any substantial move into the green. I'm not trying to bring the stock down, but I do think we will see new 52-week lows within the next few weeks without any news or press releases.
With that said, constant posting about this thing crashing and going down are not only unnecessary, but at this point getting irritating. Back your statements up with some analysis, substance, anything. Don't just spew out juvenile thoughts.
REPOST, Image Upload didn't work.
John, I couldn't post this screenshot because I reached my 15 post limit; however, hopefully this 'never existing' image will help put your mind at ease.
No chances of that happening because it does not and never existed.
take a screen shot of your position or carry on
I would agree with your statement if TRKK was truly a startup, but they've been in existence far longer than what would be the reasonable definition of a startup.
I pretty much only invest in small floaters...Huge SS seems to always tell a negative story...the financials on this one are fine for a start up
Thank you for a refreshing breath of honest truth Tobadiah.
It'd obvious none of us want TRKK to fail, and there are positives.
However, strictly speaking on the recent 10-Q, it's obvious the company has a-lot of work cutout for them.
John, I couldn't post this screenshot because I reached my 15 post limit; however, hopefully this 'never existing' image will help put your mind at ease.
No chances of that happening because it does not and never existed.
take a screen shot of your position or carry on
I had 7,600 shares when it went to .35, And I paid .29 for my position.
This was my first time that I had such a large position so I joined these forums because I cannot find any other site that had forums for OTC stocks.
I'm not asking you to believe in red headed unicorns am I?
Lol its obvious what is at work here nothing wrong with giving opinions but creating a profile yesterday and only posted on trkk all today and we are suppose to believe you honesty?
BTW I am a red headed unicorn
Who said I'm "bitchin" I'm giving you honest opinions backed up by facts and figures not emotion and optimism — although John has a few valid points, yet he continues to use his unfledged emotional twist.
Either way, that's how this forum is supposed to work. You give your opinion, I state mine, and we talk about it.
I like how you guys had to stoop down and try and degrade my opinions because I am a 'new user'. Classic tactic of attacking the new guy. I've been following iHub for a little white, and only created an account recently because I was excited for a positive TRKK 10-Q release.
I had 462,000 shares, I couldn't sell everything at $0.09
If you read any of my posts you would understand that I do have a stake, and a significant one at that.
Just because a turd smells less than the others, that doesn't mean you should bring it into your kitchen.
We are making progress! You admitted that the 10-Q wasn't "that bad".
I don't understand what you're seeing that I'm not. Admittedly, I want this to be positive news, I still have a considerable chunk of shares left in TRKK, and I'm shooting myself in the foot spreading my honest opinion, but just look at the context.
Gross Margin is down to 17.3% this year from 27% same time last year.
If you account for the currency fluctuation regarding the Brexit, the revenue growth over last year was 0.003%. That ridiculously disproportionate to the massive slide in gross margin.
Gross Profit is DOWN 36.5% over last year. Their financials show that, yes, they are converting liabilities, they are growing stronger, etc etc, but realistically they are NOT setup to make any considerable profit in the near future.
At this point, nothing. The only thing positive is people here being incredibly optimistic on what is obviously a bad 10-Q.
No, absolutely not. I still have a small portion of shares and am holding. I just want to give relative, realistic information so that people who are new can weigh the odds using facts and figures, not optimism.
Joh Kent:
Lol so basically why your [you're] here to buy cheap and I wonder how that is accomplsihed [accomplished], hmmmmm.
Overstate the cons and scare some into selling into bid [comma] it is a tried old game.
Finally, someone who can see the plain daylight facts.
Even if you just look at cost of goods, they are 83%. With margins like that its no supersize everyone is selling.
17.3% GROSS Margin is just ridiculous for such a small company.
Like I've mentioned before, I am in INNV as-well, but INNV is not running primarily because they covered their liabilities, INNV has a huge FDA approval speculation, that's what everyone is waiting for, and that's the main reason the stock is growing.
TRKK has nothing even comparable to INNV.
John,
Look at the charts history. 6 cents is likely, but mentioning that it will touch 10 cents again this week seems overly optimistic.
I think they will be at the 5 cent range for a while. (+ - $0.015)
I did sell, at 9 cents yesterday, too much risk, possibly re-buy at the 4 cent range.
I've been following this company since its major crash this spring, TRKK is not going anywhere.
There are people here mentioning its going to go to 10 cents, look at the charts history and don't be naive. They have gone over 10 cents only a handful of times over the past 6 months, and the only time it held that bounce was the last profitable quarter.
Best case scenario: you get to see 6 or 7 cents this week, if people buy in to the hype.
The company's stock will remain stagnant again, similarly to how they have been floating at $0.05 since May, and will continue to do do until the next earnings date or press release.
Additionally, look at the company's cash, they are nearly out. They cannot afford another negative quarter without diluting the stock again.
If you're hoping for a another big bounce, you wont find it in TRKK, at least not soon.
Not sure people like me will get "left in the dust", I've been holding TRKK for two months with an average of .0502 and bought more on Monday morning to bring average up to .051.
I don't understand why you automatically draw to conclusions, but okay.
P.S. I am in INNV as well, avg at .18, bought in more at .22 and still holding.
I don't get why you would sell prior to any SEC filings, Press Releases, or Solid Rumors? I guess they all rather be safe than sorry, can't blame them, although it seems irrational to sell so soon.
10:39 EST: Just took another hit right now to $0.08, Yikes.
Profit taking along with a panic sell, the wave crashed it down.