The matrix is broken

Something crazy is going on here…                                                                                                                                                                                                                                                                                                                                                                                                                 April 18, 2024 | [Read Online]( The matrix is broken 📈 Join us for LIVE TRADING action all day long in the 📈  [Market Master’s Trading Room]( Talk about today’s focus stock, plus dozens of other breaking stocks that are moving during the day. While the markets have been trading lower this week, one standout stock has caught the attention of momentum traders. I am guessing the combination of a low float (after a recent reverse split) and what must be a considerable amount of short sellers has fueled one of the most epic “squeezes” I have seen in a very long time. This is precisely the kind of setup that gets my attention, and I think you need to take a hard look at it today as well. Pull up WiSA Technologies (WISA) on your trading radar right away, and you’ll see what I am talking about. First, you need to [take a look at the news]( that just dropped moments ago. This could absolutely light the stock on fire 🔥again today, and I’ll discuss why I think so as you read on. Next, look at the price chart this week… There is nothing else like it out there right now. If you are looking for a momentum stock, nothing can compare to WISA right now. On Tuesday, WISA shot up from $2 to over $8 in a single day. Now, here is the craziest part of the story... Look at the market cap (that is the value of all of the shares of stock combined) and also the number of shares outstanding [listed on the company’s website](… I don’t know what happened, but somehow WISA has “broken the matrix,” as the best way I can put it. The stock traded around 200 million shares on Tuesday and then over 60 million shares again yesterday. With less than 2 million shares reported to be outstanding, I don’t even know how this is possible? There must be some people who are incredibly short and caught on the wrong side of WISA right now, because it has unleashed some of the craziest trading I have seen in a very long time – and I don’t think it is over. While a massive 400%+ move is pretty exceptional, we see a lot of “one-day wonders” happen in the market. They pop one day… and then fizzle out the next day. But, that’s not what happened with WISA. Yesterday, it surged again.  The stock was up over 70% at one point, and ended up making a big move higher into the close, which suggests to me there is a lot of short sellers attacking this one right now. When stocks spike at the end of the day like that, I think it is usually a signal they were betting against it all day, but it didn’t break down. Then, they cover their positions before the market closes, which causes a surge of buying. This is all my speculation, of course. I don’t have any hard data to point to on the amount of short sellers trapped right now, but I have been trading for a very long time and I study this stuff. I have seen this type of game before, and I know that WISA is something special. When a stock has this kind of activity, you really need to watch it.  This is the kind of opportunity that will make some huge swings during the day (in both directions). If you love momentum stock trading like I do, then WISA should definitely be #1 on your list to watch today. You just won’t find another opportunity like this out there. As you are doing your research, here is a rundown on what is going on with the business itself. WiSA Technologies Inc. (WISA) is an innovator in wireless audio technologies for smart devices and next-generation home entertainment systems. If you’re remotely close to my age, you remember the old-school, wired surround sound systems that were a pain to install and resulted in exposed wires poking out all around your living room. Thankfully, those days are behind us and wireless surround sound is a thing. Oftentimes, though, there’s a noticeable lag between what’s on screen and what you hear (the pros call that “latency”). That’s because many wireless systems rely on Bluetooth connections, which are [notoriously lousy]( with latency. Beyond that, as [this article]( explains, “Bluetooth data files are compressed to make the file size smaller for quicker transmission. … data is lost during compression, impacting audio quality — the audio you hear may not sound as crisp and clear as the original recording.” Audiophiles can rejoice knowing that WISA has them covered. Its technology creates its own dedicated wireless network that transmits up to eight channels of high-definition uncompressed 24-bit 48/96 kHz sound. (CD quality, for comparison, is only 16-bit and 44.1kHz.) The result is incredibly high-fidelity audio with no perceivable latency. And because WISA tech can deliver so many audio channels, it can bring a true movie-theater experience to the living room. That’s why the company’s technologies are integrated into products from more than 30 brands, including premium names such as LG, Bang & Olufsen, and JBL. You can see a selection of WiSA-enabled speakers [here](. Beaverton, Oregon-based WISA’s revenues have been climbing rapidly (up 81% from Q2 2023 to Q3) but its overall figure remains in the seven figures. That could change imminently with the string of great news the company has rolled out, starting with its December 4 [announcement]( of its first-ever license of [WiSA E software]( with “a global brand with over 10 million HDTVs sold annually.” The licensee “will now be able to provide its consumers with a range of wireless immersive audio options including full interoperability with any of the WiSA E-enabled speakers offered by the many WiSA Association speaker brands.” Then, on January 16, the WISA [announced]( two other display licensees, including “an international TV brand and a top three in global HDTV shipments for 2023.” [emphasis added] On March 25, the company [revealed]( that it expects “some of the licensees to start production in Q3’24, and it expects to begin recognizing revenue from these agreements shortly thereafter in 2024.” And lastly, just Tuesday, the company set the markets on fire by [announcing]( it had “executed its fourth 5-year WiSA E licensing agreement with a fourth major HDTV/PTV (Projection TV) brand.” As Tony Ostrom, president of the WiSA Association, noted, “With four major TV brands onboard, the market is clearly validating both our technology and our vision of enabling every immersive audio source device with low-cost capability to deliver high-quality interoperable wireless audio to consumers.” Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky and nothing is ever guaranteed, so never trade with more than you can afford to lose, and always have a well-thought-out game plan that takes your personal risk tolerance into consideration. Bottom Line: We have an exceptional opportunity right now with WISA. The combination of powerful news and an incredibly volatile and liquid stock makes the dynamics irresistible to me. This is going to be an awesome day, so keep WISA on the top of your radar today! To Your Success, Jeff Bishop 👊 Make sure you are getting my mobile text alerts –  text “RAGE” to 1-(888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone (make sure you put the “1” at the front!). Don’t miss out! [tw]( Update your email preferences or unsubscribe [here]( © 2024 Bullseye Trades 62 Calef Hwy. #233 Lee, NH 03861, United States of America