We've got weakness everywhere today. The major averages have into some selling pressure to close out the month, but if recent history is any indication of future performance, there's probably plenty of funds out there licking their chops for better buying opportunities.
One stock though that isn't showing signs of weakness over the last few days is Patriot One Technologies (OTCQB: PTOTF) (TSE: PAT.V). And if John Monroe from Elite Opportunity Pro (EOP) is right with his single most favorite reversal signal on planet earth, PTOTF will have every opportunity to move higher now.
Don't get me wrong, him and the EOP crew don't dabble in penny stocks very often. However, his reversal signal - I've learned - is very effective more often than not. In short, it's called a double re-penetration of the 3X3 DMA.
I know, what the heck is that, right? I can't get into it because it's a tool they use for their subscribers, but here's the daily chart of PTOTF and I've circled the reversal signal just so you can see it.
Also, just prior to the open this morning, Patriot One announced the appointment of Mr. John Gillies as a member of its Board of Directors. Rather than explain the significance of this, here's a copy of the most substantive part of the PR below.
It's worth a read, and once again it proves Patriot One is very serious about making a name for itself in the weapons detection space.
Mr. Gillies has recently served as an advisor to Patriot One since its commercial inception, and brings over 33 years of federal government experience, principally within the national and international security and intelligence environment. Mr. Gillies served as an Assistant Director with the Canadian Security Intelligence Service (CSIS) and as a member of the CSIS Senior Executive Committee. Past duties within CSIS include extensive experience in both counter-intelligence and counter-terrorism sectors in a variety of roles including as Director General, Counter Terrorism Division and Director General, BC Region during the 2010 Winter Olympic Games. During his tenure as the Chief Human Resources Officer (CHRO) for CSIS, Mr. Gillies also served as a member of the Board of Governors for Canada's 10 Most Admired Corporate Cultures; sat as a Board member for the National Capital CHRO Forum; and served as a member of the Conference Board of Canada's Strategic Human Resource Management Council. Prior to joining the Canadian Security Intelligence Service, Mr. Gillies served as a police officer in the Royal Canadian Mounted Police (RCMP) which included service within the Drug Enforcement Section. He is a graduate of the University of Victoria and currently resides in the Lower Mainland of British Columbia.
"On behalf of the team at Patriot One, I am delighted to welcome John onboard in his new role as a Director of the Company," expressed Martin Cronin, Patriot One CEO. "John has provided an outstanding service to us since we first launched this venture and his guidance has proven invaluable. Now that we have him fully entrenched in our business, we look forward to working together to continue to build a world-class enterprise based on shared values aimed at protecting the public's right to safety."
John Gillies adds, "I am honored to join the Patriot One board and team, as the company moves aggressively to fulfill its commitment to Deter, Detect and Defend against acts of violence around the globe."
As for the rest of the markets, the way everyone should be looking at the stock market right now is every big dip should be viewed as a buying opportunity, especially since the guys over at Elite Opportunity Pro (EOP) continue to express their long-term bullish stance.
Not only have they continued to be right about the overall market landscape for years now, their recent analysis suggesting oil would be heading lower has also been spot on.
Even if you're the most experienced trading professional out there, the guys at EOP offer daily technical analysis of the major indices - and the ETF's associated with them. They've helped short-term traders over the last four years scalp some very nice profits month in and month out.
Everything from oil to gold, and like I just said, the major index ETF's. So no matter who you are, if you can afford $99 per month, and you've got a trading or investment portfolio big enough to warrant the modest expense, it's my own very personal opinion you won't find anything else out there better.
Not only that, they continue also offer excellent timing opportunities in many small and large cap NASDAQ and NYSE listed stocks that have done extremely well over the last four and a half years.
As a matter of fact, they just put a new small cap laser technology stock out there today that recently annihilated its quarterly numbers, and is expected to grow their earnings next year by 100%.