Good Afternoon!
We’re halfway through a spectacular trading quarter now and Orbital Tracking Corp. (TRKK) just gave us ANOTHER 2 digits to start Act Two.
TRKK was as simple a trade as you’ll see anywhere else: BIG buzz this morning unleashing a DEEP oversold situation!
It’s not hard to figure it out. TRKK just told us it’s getting 550 satellite GPS trackers into England’s forest system to help lost hikers and other strays.
That’s “motive.” Then TRKK had a lot of statistical “reversion to mean” baked in after the market’s decline early this year. That’s the opportunity!
Put the two together, and members of the team who came in at the open at $0.09 have already scored a healthy little payday:
Now of course we’re early in the action and there have been a few twists and turns. Some got in closer to $0.08 and are waiting for the exit now.
Look at that chart again. The big volume spikes are RISING even in the worst weeks, unleashing 45% to 65% each time.
And TRKK hasn’t really even come out of oversold territory yet as it is. Based on the RSI, it’s only flirting with the edge of recovery here!
But if this is just the first taste of something bigger, I’m thinking every dip here is an opening. After all, the “resistance” lines are a LONG way away.
Maybe TRKK reaches for the 50-day line in this move. Won’t that be fun? And the 200-day action is literally OFF the chart!
Don’t forget the power of NEWS to get TRKK in particular moving, either. Those trackers we heard about today move the needle.
Add up little surprises like that, and the fundamentals really start to groove! And with TRKK still such a start-up, it can groove FAST!
Sincerely,
Michael Reef
yourstockguy@gmail.com
