Good Morning!
Orbital Tracking Corp. (TRKK) earned the team a solid score about a month ago but I wonder now if that was just a taste of the real action.
TRKK satellite phones are in the spotlight now after new earthquakes in its key market of Japan and beyond. Here’s where their service SHINES!
And with TRKK showing up on billionaire venture capitalist Dr. Phillip Frost’s SEC radar, the rest of us have to fight a little harder for our shares.
Let’s see what that combination of shock catalyst and 5% of the float disappearing into billionaire hands does to the technical situation:
Frost owns 5% of TRKK common and a vast chunk of the preferred. It’s just a tiny slice of his overall net worth, but it’s still a vote of confidence.
TRKK makes satellite phones and radio tag products, available all over the world from stores like Amazon and Alibaba.
The phones are pretty big in Japan due to disasters like the earthquakes going on now. Basically, when the normal grid fails, TRKK is in play.
Sales surged 63% to within a rounding error of $4 million last year, which is pretty impressive with TRKK down here at $0.08 -- TRIPLE market cap.
Then there’s the tracking story. RFID is getting big buzz on Wall Street dream, so Frost’s interest in TRKK fits in with the Goldman Sachs POV.
Now compare all that chatter from high and low to the chart up there. We’re looking a little “oversold” on the RSI and other lines, aren’t we?
Every time TRKK let the RSI dip below 30, the action always bounced in fairly short order and traders earned 20% to 60%.
Of course the biggest bounces triggered when TRKK issued an update on its business: a big new product, quarterly numbers and so on.
Maybe we get that update soon in wake of what’s going on in key markets like Japan and now Ecuador feeling the shakes -- watch the NEWS wire!
Even if we don’t, there’s a BILLIONAIRE already anted up on TRKK and the recent pressure on the chart looks unsustainable.
With Frost sitting on 5% of the float, who knows where the next bounce takes us? Today’s our first chance to find out!
Sincerely,
Michael Reef
yourstockguy@gmail.com
