$TRKA Management now has everything it needs to deal the final deathblow to the short selling strategists. Open INterest is at an all-time high and public figures like @rogerhamilton, best known for his dedication to the #NakedShortsWar movement, point directly to the…
$TRKA
…intrinsic value of Troika Media Group. Since the 2021 IPO, the share price has been in a death spiral, losing value and even after the Converge deal, the share price failed to reflect the intrinsic value of the company. Sufficient forces have now joined to break…
$TRKA
…the resistance of short sellers, the breed of financial market participants who have no problem wiping out a company's existence to enrich themselves from the misery of others. These market participants do not need to be protected, because they consciously and…
$TRKA
…without regard to losses take the fatal risk that turns money into firewood. It is about time that here, too, a lesson was taught to those who trample on everyone else and delight in incorporating financial exploitation and the destruction of livelihoods into…
Yesterday's trading halt resulted from taking an evasive action as large blocks of shares were absorbed from the market. Probably shorts covering. Why you do this on a day like yesterday can be interpreted from different perspectives: The share price was…
$TRKA (II)
…about to break through a dollar, which would suddenly have caused additional problems for short selling strategists. Was the published earnings report the reason for the price drop? No, because the published overview of the earnings report should not have…
$TRKA (III)
…given rise to bad market sentiment. How was the 10-KT filing received by the market? Bad, due to the increased OS. But: If you compare this second price drop again, then significantly less trading volume was involved than before during the trading session.
At the moment I have received a lot of DMs and inquiries about the 344M shares that are listed in the 10-KT filing. I honestly have to say that I myself am totally surprised that there was any dilution at all, since the registration statements were withdrawn on…
$TRKA (II)
…the grounds that one wanted to protect investors and act in the interest of the public. Furthermore, it is clearly stated that no financial instruments were sold under these registration statements. Also, no new registration statement was drafted between…
$TRKA (III)
…September 2022 and February 2023, which would have made sense since a warrants exchange agreement had been submitted in September.
There are a lot of unanswered questions here and, if we are honest, none of this fits with the company's approach. Because now…
Coordinated attack, that wasn't anything else, because the earnings report wasn't nearly as bad as it was interpreted. We have a cash-positive company here, which should in no way be traded at penny stock level with such sales figures. Furthermore, now from the…
$TRKA (II)
…perspective of factual technical analysis, it is good for the trend when indicators cool down. If you look at the overall picture (intraday + daily TF), absolutely nothing has changed. On the contrary: There is still no discernible strong selling pressure.
$TRKA (III)
Much more interesting, however, is the following question that you should ask yourself: how can it be that over 50M shares can be flushed into the market within such a short time window, when the free float is less than 30M? And that brings us back to the…
As noted in my last technical analysis, Novan's share price has now transformed into a sleeper position. No smart money accumulation is recognizable in the weekly TF, which means that we now have to wait and see what further path Novan's…
$NOVN (II)
…management will take. Anyone who has accumulated with us again at the all-time low shouldn't have to worry too much. The future prospects for Novan remain positive as the company continues to see a niche market encompassing a market volume of over $2B.
$NOVN (III)
A look at the total assets and the increasing sales figures should once again strengthen the confidence of investors that Novan's potential has not yet been recognized by the market. Especially the intrinsic value of the product pipeline and the NITRICIL technology…
Is it enough to just trust the process, or is it better to include a healthy level of risk management when evaluating the situation?
In the case of Troika Media Group, there are a number of factors to consider that suggest that the developments…
$TRKA (II)
…now unfolding result from a well thought out plan:
💠 Disagreements within the company resulted in delay and indecisiveness in the settlement of the debt obligations. Also note in this regard that insiders accumulated shares to their pre-existing positions…
$TRKA (III)
…throughout 2022. There are two primary reasons for this: Better localization of the average price of the investment position, increasing the right to have a say within the company so that voting results can also be directly influenced. The Board of Directors…
🔹 Record volume of 354.1M shares, highest trading volume since IPO.
🔹 Divergence indicators rear up. Please also pay attention to the monthly TF, since a bullish impulse signal was generated here for the first time since June 2021. It is…
$TRKA (II)
…thus the second month since the IPO that generates such a signal. WPR is now also above -50 in the monthly TF. MACD has completed the bullish cross and is showing a bullish divergence for the first time since the IPO.
🔹 Volatility is now reaching historic levels…
$TRKA (III)
…and is expected to reach its highest level since the IPO very soon.
🔹 Momentum is now in a range that would support parabolic price action. As always, eyes are on the AroonOsc. and the CMO.
🔹 The RSI has now reached the highest value since the IPO.