I had been expecting yesterday's move to come at some point. In a previous post I referrenced the 52 week chart from early to mid Dec. of last year and my expected range was 2.10-2.60, (if no news came out). Shortly after that a PR came out about the GSA Listing and the PPS moved higher. Because of the news I changed my expected range to 2.30-2.80. We have since traded within that range and bounced off both the high and low ends. I still believe we are just seeing consolidation and developing of support levels. Remember that this is actually new territory for EKSO, in that the levels we are seeing now are being driven and supported by actual news and progress by the company, whereas the spike in November of last year was a speculation spike on the report of Ford testing 2 vests.
Below is a copy and paste of a post that I sent to someone while we were discussing EKSO and RWLK (on a different board)...date was 29 Aug '18
...Nice job picking up the EKSO shares, I don’t think PPS will drop much below that if at all. Just wish I could take advantage of the dip. I still think 2.30-2.80 (with 2.30 being possible intraday low) is the trading range until news comes out.
Your take on RWLK vs. EKSO pretty much sums it up....
Yesterday we got that intraday trading at the low end. I personally,(just my opinion) don't think we will break below that 2.30. I do still think the range is 2.30-2.80 and will revisit 2.80 intraday. All of this goes out the window should news be released or if we get to earnings and get a good report.
I don't even listen to the dilution talk, they haven't issued the shares yet and when they do it seems like it will come in stages as needed. By then share price will be higher.
As to "golfblues" point about insiders unlocking, some may take the opportunity to take profit but I would think they would want to wait for a push to 2.80 or ever a spike to 3.00 before unloading some shares. If that occurred we will see filings.
I agree with "stockholm dweller"...I think there were some people grabbing the stop-loss shares...If I had free cash I would have been grabbing some to! Plus, as I said I think that 2.30 provided good support and yesterday's solid bounce off of that level seems to confirm.
I think we will see ups and downs in the range until news pushes us higher.
