Good Morning!
We’ve played DirectView Holdings Inc. (DIRV) to glory in the very recent past and now it’s time we in front of you for our next play.
DIRV started its life for us as a contrarian play, something that could show a little strength when Wall Street was losing its nerve.
Since then, it’s evolved into a powerful “offensive” player on its own! And we’re at a fresh turning point now!
Check it out:
DIRV flirted with its long-term base -- a “lofty” 4 shares to the penny -- yesterday. It’s generally bounced off similar levels in the past.
I marked just a FEW of those bounces on that chart. The little thumbnail size moves delivered 20%. The big ones? Three digits!
And the way volume keeps ramping on the “bull” sessions makes me think all those stretches to the upside are building to something.
Six weeks ago the volume spikes came in at a then-impressive 14 million shares. Now the AFTERSHOCKS are 70% bigger!
Notice that all the big days are black bars, too. DIRV is in serious net accumulation mode -- no “overbought” here yet, no climax.
With those factors to work with, I’m looking forward to watching the big event play out here. Maybe today’s the day!
DIRV invented a line of wearable video cameras like one of those Extreme Sports headsets only with a SECURITY slant. (VIDEO)
Obviously there’s a huge law enforcement market for recording good procedure if they need to prove that nothing actually went wrong.
Management points out that there’s 18,000 law enforcement agencies in this country looking to cover their backside from litigation.
Last we checked, DIRV was getting the word out at professional conferences. Now the trial deployments have started.
Ten police departments in five states are testing DIRV systems now. The prototype cameras have already shipped.
Then there’s the pure commercial surveillance side, where DIRV is racking up sales even as we speak.
I talked last time about how those sales turn into big analyst targets on DIRV. If anything, those expectations are brighter now.
But other than that, DIRV has proved its high-flying nature. We’re around an inflection point now if history is any guide.
Can the team really resist an opportunity like that? Somehow I don’t think so!
Sincerely,
Michael Reef
yourstockguy@gmail.com
