Good Morning!
I told you yesterday that our next trade had gone from dull to DYNAMO, but I didn’t mention the name. Say hello to Orbital Tracking Corp. (TRKK)!
Two weeks ago, TRKK was maybe printing 20,000 shares on the “big” days. Now turnover is up by a factor of 10X to 50X on the latest NEWS.
Ever see a chart go from no potential to off the scale? TRKK gives us that opportunity here:
You’ll note how low the volume bars were before the game on TRKK changed about a week back. Below 20,000 shares was NOTHING then.
It was a quiet chart and a pleasant little business making satellite tracking systems and phones. We don’t do “quiet” or “pleasant” here, of course!
But now that visibility is coming around, there’s finally some thrill to be had on this chart, turning percentage back into real numbers.
You can buy TRKK products online all over the world from stores like Amazon and Alibaba.
Japan is an especially interesting market market here, apparently because of all them earthquakes and disasters.
But the real news is that new product TRKK rolled out a week ago: satellite cargo tagging devices to protect against theft, piracy and outright loss.
TRKK is watching with its eyes in the skies . . . if stuff goes missing, they know! You can even track your assets online!
Speaking of assets, the balance sheet feels mighty robust. Cash position tripled, receivables up, inventory going the right direction. All good!
Bottom Line: TRKK is a true ground floor situation. The “quiet period” masked $980,000 a quarter in sales and growth is green.
And now the chart is flashing as well. That RSI tells me “oversold.” I circled previous conditions like this up above there.
See how TRKK rebounded 27% to 45% after each time the RSI dipped to 30 or below? Can’t argue with that track record, can you?
We have a shot here at doing REAL trading on TRKK for what might be the first time ever. Liquidity is finally at levels that can support our weight.
How great is it that the entry starts with a chance to ride an oversold move? I’m getting pretty eager for tomorrow morning . . . see you then!
Sincerely,
Michael Reef
yourstockguy@gmail.com
