The 720? Ohhh kay, thanks puppies. I thought it was something actually important to investors, like confirmation of a multi-million dollar DHL contract. Oh well. Maybe next time.
What does website say? It doesn't load on my iPhone. The only website I have trouble downloading on my iPhone, and yet I trust these guys to build smart glasses. I must be crazy.
If it closes below $5.87, it will be the first close below 50-dma since last year, and will likely accelerate profit taking. The bulls were turned back yesterday at the 20-dma (mid Bollinger) to the exact penny. That was proving ground of resistance which I had laid out last week. I'm not too optimistic about the price action right now. I think you'll more than likely get your $5.50 buy target if you're patient. No guarantees.
Okay, I'll give you a second chance, but you better tow the line. You don't want to miss this Vegas party. There's going to be open bar and strippers and a donkey spray-painted green and black.
Puppies, keep it up and you are no longer invited to the Vegas party when this baby hits $200 in 6 months. Boo Yaaa!!!!!!
Wait. What? I thought you were the one who expected the warrent holders to sell. It wasn't my thought. I was just responding to you, when you said:
"If Nvidia is partnering with Vuzix the warrant holders are set up to take advantage & sell into the volume & PPS"
$6.68, that's lateral resistance and mid-bollinger combined. I'd like to see it retake the upper bollinger before we can declare everything is safe. A close above $6.68 could easily move it above $7.00. After that, look for $7.40 resistance, at upper bollinger.
Actually, when I saw it working on the dragonfly close I bought a little bit more based on the technical reversal. You don't have to believe me. I don't care.
Travers was quoted in the press release today:
"..We strongly believe in the value of share ownership in the Company, which is why CFO, Grant Russell and I have also decided to exercise all our warrants into common shares with our other warrant holders."
Actually, this push off the 50-dma is a good sign. Let it consolidate above that moving average. Even better.
You'll see. That shot across the bow this morning meant something. Give it time to break down. We'll look back a month or two from now and mark today on the chart as the day it turned.
That's exactly what we need. Insiders to flip all their shares as soon as possible. Oh yeah, that will instill confidence around Wall Street.
Cane, why do you think smart watches will be commoditized but smart glasses won't? This is one of my concerns with the whole wearables sector.
Close, but no cigar. Decent close above 50-dma support. But not the mythical dragonfly doji. That would have been real bullish. If anyone doubts it, guess what appeared on the chart January 2. A perfect dragonfly doji. And just like clockwork, the Intel news came out after hours that night. Coincidence? Hardly.
Puppies, if the stock can manage a closing price of $6.00, that would be the ultimate bullish reversal indicator. A rare Dragonfly Doji. It would be huge.
Current price is $5.37. As the old joke goes, this stock is trading exactly $5.37 above strong support.
If this thing can't close above the 50-day moving average, watch out for major destruction. When a stock can't even mount support at the 50-dma on the very FIRST test, that is just an awful sign. $5.64 is the line in the sand.