Wrong thread you yoyo.
And it was a winning trade at the time.
Ideas For Now-
- Thread starter stonedinvestor
- Start date
And it was a winning trade at the time.
That one got an out loud laugh.
GummyBearAdvisors. I love it.
Ya know for real, from a marketing standpoint that's a gem. It just sticks. Its one of those things that people read once and remember. Like onion-ice cream.
Its friggin available too.
Buy it Stoney!!!!
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But now at $1.52?Wrap Technologies' BolaWrap 100 Holds Promise as a Restraint Device for Police
With these shares, view this as a moderately aggressive to aggressive long side position.
Real Money Did a piece Aug 26 the stk was $9.15
By TIMOTHY COLLINS
Aug 26, 2020 | 01:59 PM EDT
Stocks quotes in this article: WRTC
With each growing tragic police-related death, we're going to see continued calls for policy change. For a while, some believed Taser may be that answer, but situations still require heightened escalation to reach the point of an officer using their Taser. In some cases, the escalation is so swift from verbal to force that it accelerates through that level of force to deadly force.
The market is screaming for an alternative and I believe one exists in the form of the BolaWrap 100 from Wrap Technologies (WRTC) . The BolaWrap 100 is a patented, handheld remote restraint device that discharges an eight-foot bola style Kevlar tether to restrains an individual at a distance of 10 to 25 feet. A graphic from the company's site gives you an idea of what the device looks like and does.
The goal here is to immobilize an individual without doing physical harm. It measures well below the potential physical damage, and even death, that can result from firearms, Tasers, and rubber bullets. It is the solution between verbal commands and tools that inflict high levels of pain.
Before getting too excited, investors need to realize this is a very young company despite the $325 million market cap. Revenues last quarter came in at $823,000, however, with $46 million cash on the balance sheet, no debt, and a $1.5 million backlog, there's little concern for its viability over the next few years as it's burn rate sits under $1 million per month. Currently, the product has been deployed in 29 countries and the company is beginning to see orders increase as more training agencies and officers become certified in use of the product.
The potential market is huge with over 12 million global police officers. That list increases dramatically if we add the potential for private security workers, the military, and even schools. No, I don't expect teachers to carry these, but they could have a place with the increasing need for protection in schools.
The stock experienced a huge surge between June and mid-July sending shares from the $5 area to almost $15. We've retraced nearly half of the move, but the recent downtrend appears to be ending. Yesterday, we pushed through the resistance level of the falling wedge. Today, bulls were rejected at the 21-day simple moving average (SMA), but I believe we'll find support around the eight-day SMA or 10-day SMA. That should lead to another test of the 21-day. I lean towards the thesis buyers will take the stock to the 50-day SMA on the next push higher.
Secondary indicators are turning higher from their oversold readings. We have a bullish crossover in the Full Stochastics and MACD indicators. Additionally, the parabolic stop-and-reverse has turn bullish as well.
I would place my stop on a close under $7.50 and wrap up some shares with a view that this is a moderately aggressive to aggressive long side position.
<< You know what I'm in good company >>
I don't really understand the target-?
It looks like the 50 day is $10.30 //
$9.52- $9.58... Van ?
Schiz, it's too late in the evening for me to look and give you a halfway intelligent answer. I honestly don't trade the Asian stocks much, if at all. Albeit I did lose my ass on Coupang after its ipo. But they are so dependent on stuff that I don't understand, that I tend to stay away. If you have a good grasp on what's going on over there, trust your judgement, because one things for sure... when they move, they move big. When Coupang ipo'd, I really thought it was a winner, The new AMZN of a strong economy. I still feel that way, but the stock price/action proved me wrong bigtime. I'll look tomorrow though.Hey Vanz, I got into CPNG a couple weeks ago. What say you about the long-term prospect of this stock? Spread some CPNG love to your fellow audience.
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No hurry, manSchiz, it's too late in the evening for me to look and give you a halfway intelligent answer. I honestly don't trade the Asian stocks much, if at all. Albeit I did lose my ass on Coupang after its ipo. But they are so dependent on stuff that I don't understand, that I tend to stay away. If you have a good grasp on what's going on over there, trust your judgement, because one things for sure... when they move, they move big. When Coupang ipo'd, I really thought it was a winner, The new AMZN of a strong economy. I still feel that way, but the stock price/action proved me wrong bigtime. I'll look tomorrow though.
You know, it chopped for nearly 2 years and finally broke out to the upside and I nabbed it when it came down to retest the resistance. I predict this baby's going back up to the 40-ish. But, then again, stocks aren't my forte.