$TPAC We should be getting very close to a legitimate bottom. We still haven't hit the .0022 area that was mentioned. That may get tapped tomorrow, and if there is enough greed, they could flash it a bit lower. .0022, .002, .0018, .0016 are the points to tap below us. The fact that they closed one tick below the lower bollinger band was intentional, a manipulation to make the chart look to be falling apart, with another indicator of support broken.
The chart is massively oversold. We are now sitting at .0026 at an RSI of 36.94. When we began the last run, the RSI was much higher at 50, while the price was much lower at .0006. We ran from .0006-.0069(.0072 if the second leg is counted). That is 11+ times from where the trend started. To make things exactly congruent, an RSI50 is 1.35354629 times an RSI 36, possibly allowing 1.35354629 times more headroom on an exact matching trend.
(From .0026):
.0026 x 11 = .0286
.0286 x 1.35354629 = 0.03871142389
approx. = .0387pps
So, if we run from a theoretical .0026 with a move equivalent to 11 times the current price to match the first leg of the last run, with an additional x-factor to move another 1.35 times(and change), we could see .0387 as a potential price on a congruent move.
From a fundamental perspective, we have all parts finished for the $100k purchase order, which is to be delivered at the end of the month. We obviously have additional work already. The tip off to that was in a post by MakeRips: http://investorshangout.com/post/view?id=3599355 in which Bill mentioned something very telling, that there were a lot of parts to be made.
The presentation geared towards securing contracts with Boeing should be viewed by Boeing's execs in coming weeks as well, as that will line up as being a key predecessor of the next China trip in which Bill meets back with AVIC. Couple that with the delivery of the purchase order around that time, and also, the other events mentioned in the link posted in the paragraph above, and there is a lot in the mix.
And by today's Tweet(as of 5pm, EST; see bottom of post for Tweet), allude to the fact that not only is the purchase order(and relationship intact), the call on Saturday must have gone well enough to keep the relationship going with the bankers, which thus means we are one step closer to acquisitions, not to leave out the JV with AVIC, and a few other items of note.
The share retirement program is nowhere near complete. We still have around .75B shares left to retire to complete the initial goal of 1.8B shares. It was then mentioned that the company would continue buying back after the 1.8B is complete, which means that under the premise that all promises are kept, the SS is going to be drastically diminished. Has the company retired any shares since the last announcement? I do not know and cannot begin to guess with any accuracy. The only one idea that hit me is that announcing retirement installments while on an uptrend would be of significantly more value that announcing them while the correction is finishing and the price is dropping.
All said, it still very much appears(aside from the manipulation, the panic, and the current oversold condition) that things are on track just as they were before. The trend was soured by the clerical error regarding the O/S numbers. We had been seeing a trend of 3-4 red days after each uptrend, which had been the pattern since summertime. We had our first green candle and were on our second candle to confirm the move when the error was made public in the filing. It has since been resolved and posted to otcmarkets, but shaken investors don't move a stock with confidence, which has provided for what we have seen recently, which is nearing 100% retracement at .0022, with a possible shake and take a few ticks below.
I mentioned several posts ago that I would buy more shares if we dropped into the high .002's again, and am eagerly going to make good on that tomorrow(provided I get filled) with a bid for 1M and change at .0027, since the trade log did not show much under .0026 being sold off as the day finished up, with most of the shaking under that occurring earlier in the day.
I am looking forward to a very nice turnaround here, both from a technical and fundamental purview, and am also looking forward to add to my position here, which is something I was not sure I'd have the opportunity to do again. This should be a solid spring/summer and I would expect to see Bill become a bit more active on Twitter again as the dust settles, the investor confidence returns, and the goals come to fruition.
Here is the Tweet from today, mentioned above in parentheses:
Chanteur Designs @ChanteurDesigns 3h3 hours ago
@TPACbearings Can we get an update Bill. Are all the deals you have been working on still alive?
0 retweets 0 likes
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TPAC Bearings
@TPACbearings
@ChanteurDesigns All the things we are working on are still in play.
Source(*starting reading from summer 2015 if you are new or not up to date): https://twitter.com/TPACbearings/with_replies
The chart is massively oversold. We are now sitting at .0026 at an RSI of 36.94. When we began the last run, the RSI was much higher at 50, while the price was much lower at .0006. We ran from .0006-.0069(.0072 if the second leg is counted). That is 11+ times from where the trend started. To make things exactly congruent, an RSI50 is 1.35354629 times an RSI 36, possibly allowing 1.35354629 times more headroom on an exact matching trend.
(From .0026):
.0026 x 11 = .0286
.0286 x 1.35354629 = 0.03871142389
approx. = .0387pps
So, if we run from a theoretical .0026 with a move equivalent to 11 times the current price to match the first leg of the last run, with an additional x-factor to move another 1.35 times(and change), we could see .0387 as a potential price on a congruent move.
From a fundamental perspective, we have all parts finished for the $100k purchase order, which is to be delivered at the end of the month. We obviously have additional work already. The tip off to that was in a post by MakeRips: http://investorshangout.com/post/view?id=3599355 in which Bill mentioned something very telling, that there were a lot of parts to be made.
The presentation geared towards securing contracts with Boeing should be viewed by Boeing's execs in coming weeks as well, as that will line up as being a key predecessor of the next China trip in which Bill meets back with AVIC. Couple that with the delivery of the purchase order around that time, and also, the other events mentioned in the link posted in the paragraph above, and there is a lot in the mix.
And by today's Tweet(as of 5pm, EST; see bottom of post for Tweet), allude to the fact that not only is the purchase order(and relationship intact), the call on Saturday must have gone well enough to keep the relationship going with the bankers, which thus means we are one step closer to acquisitions, not to leave out the JV with AVIC, and a few other items of note.
The share retirement program is nowhere near complete. We still have around .75B shares left to retire to complete the initial goal of 1.8B shares. It was then mentioned that the company would continue buying back after the 1.8B is complete, which means that under the premise that all promises are kept, the SS is going to be drastically diminished. Has the company retired any shares since the last announcement? I do not know and cannot begin to guess with any accuracy. The only one idea that hit me is that announcing retirement installments while on an uptrend would be of significantly more value that announcing them while the correction is finishing and the price is dropping.
All said, it still very much appears(aside from the manipulation, the panic, and the current oversold condition) that things are on track just as they were before. The trend was soured by the clerical error regarding the O/S numbers. We had been seeing a trend of 3-4 red days after each uptrend, which had been the pattern since summertime. We had our first green candle and were on our second candle to confirm the move when the error was made public in the filing. It has since been resolved and posted to otcmarkets, but shaken investors don't move a stock with confidence, which has provided for what we have seen recently, which is nearing 100% retracement at .0022, with a possible shake and take a few ticks below.
I mentioned several posts ago that I would buy more shares if we dropped into the high .002's again, and am eagerly going to make good on that tomorrow(provided I get filled) with a bid for 1M and change at .0027, since the trade log did not show much under .0026 being sold off as the day finished up, with most of the shaking under that occurring earlier in the day.
I am looking forward to a very nice turnaround here, both from a technical and fundamental purview, and am also looking forward to add to my position here, which is something I was not sure I'd have the opportunity to do again. This should be a solid spring/summer and I would expect to see Bill become a bit more active on Twitter again as the dust settles, the investor confidence returns, and the goals come to fruition.
Here is the Tweet from today, mentioned above in parentheses:
Chanteur Designs @ChanteurDesigns 3h3 hours ago
@TPACbearings Can we get an update Bill. Are all the deals you have been working on still alive?
0 retweets 0 likes
Reply Retweet
Like
More
Follow
TPAC Bearings
@TPACbearings
@ChanteurDesigns All the things we are working on are still in play.
Source(*starting reading from summer 2015 if you are new or not up to date): https://twitter.com/TPACbearings/with_replies
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Trans-Pacific Aerospace (TPAC) Stock Research Links
Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
