Bullish Waving Flag off the Bottom - new trend is upI see cash as the catalyst to create a new uptrend. Those blind to technical analysis, go ahead and sell your stock to BuyLowSellHigh9. I am sure he wants your shares because he definitely is lying about being in on the PP. If the rumor is correct that the PP is closing that will be the only loose end out there standing between prototype and revenue.
People will say what they want you to believe. The chart tells you the truth because it is a daily record of investor conviction or lack thereof. Since April 9th, when I called the bottom at 35 cents based on volume, price action, and other technical oscillators, there has been a sharp move off that bottom settling into, no surprise, resistance at the top of the downtrending price channel, which currently is around 55 cents. The Private Placement, based on my sources, is reserved for only those whom the board of directors and management has approved. Primarily, the PP is for Rich Geruson's rolodex and new institutional buyers only. If PatientDawg, Rebel20, Imawhale, Paralyzer, etc., myself and many other long term holders who have been in this thing since 2016 cannot get in on the PP, then folks like BuyLowSellHigh9 is definitely not approved to partake.
If anyone sold their shares hoping to get into the PP, now when you call the company and they look at the Presidents list and compare it to before the PP NR and you get denied, you will find you are basically screwed getting your shares back cheap. So dudes must resort to lies to create a dip to repurchase their position before the boat sets sail. Whenever the PP closes, regardless of the price, any cash concerns will be eliminated now that NXO has revealed that their is a clear path to revenue in Q4 2019 including vendor commitments of parts and timelines guaranteed in person by Rich Geruson's recent trip to Asia. With 10x optical zoom, and 40x digital resolving a toothpick across the football field to you think hunters, birders, whale watchers, will not trip over themselves to get one? With the ability to broadcast the end zone seat view to the center field seat holders in real time, does anyone actually think DoubleTake will be a flop? Not me!
If some of you are planning to sell your shares hoping that the summer will offer another low priced buying opportunity, you might want to rethink your strategy. The wildcard is, again, ALLIS the NXO AI. This is much like the Wheel Of Fortune's million dollar wedge, which could be spun at any time. On May 8th, the NR stated:
"
NexOptic is in advanced discussions with several companies representing a variety of imaging markets that could greatly benefit from ALLIS." Yikes if you are short of your desired position size and the license agreement is announced with say, Genetec, for say, their CCTV security systems like Omnicast:
Click here to check out Genetec's Omnicast system
or how about their Automatic License Plate Recognition system, AutoVu:
Click here to check out Genetec's AutoVu ALPR system
After that PR is released, good like buying back your shares under a buck, or two!
So my take is that NXO does not make new lower lows from here. We shareholders should see a gradual lift of the stock price, and once it breaks and holds above 55 cents, the downtrend price channel will be invalidated and higher highs will be achieved as Rich delivers on his promises, and milestones are achieved.
Cheers to the longs, and SCREW the shorts.