VKNG - tag category postings

The medical device penny stock Viking Systems Inc is looking very strong today.  Penny stocks penny stocks dot come profiled VKNG some time ago and we gave it our highest rating of 1 because we feel it has all the ingredients for a superb penny stock run.

We have also been providing detailed coverage of LBSR.  We must say that the penny stock game is not easy.  While we feel that LBSR has some potential to continue to build a sideways trading range in the days and weeks ahead we are still overall somewhat concerned at how the gold penny stock LBSR initiated its decline.  It was with a big gap down on lifetime high volume. 

We recently stated that LBSR is likely near a buy spot at current levels but we would also say that if LBSR does not catch a strong bid again very soon, there is a risk of a broken pattern and more downside.  I am a bit concerned that LBSR is not catching a strong bid today.  The volume is still light but I would rather not see much more price weakness after today to keep a stronger trading range intact.

On the other hand VKNG or Viking Systems Inc. looks extremely strong and we believe that the 1 dollar range will be tested in coming weeks.

Sometimes in penny stock land one has to have the ability to cut loose out of previously profitable trades and then just jump on a new lily pad.

In this case we believe that lily pad is VKNG Viking Systems Inc. this company has a killer product slated for release in early October for the medical device industry.  We are talking about a high priced product in a sector and industry that has very deep pockets if you know what I mean.

In my opinion their product could be a possible game changer as it allows surgeons to do minimally invasive surgery ( a type of surgery that is growing by leaps and bounds due to cost savings) with a 3d HD view (whereas the vast majority of current procedures are now done in 2D) and just by basically wearing a pair of glasses instead of a heavy head set.  That would allow surgeons to have more ergonomic comfort and ease of movement, better vision.  I mean why would any hospital or medical industry want to stay with 2D when they see their neighbor and buddy surgeons are doing minimally invasive surgery with 3d HD ?  Why compromise on clarity and depth perception when it comes to peoples lives and important medical procedures ?

I feel very strongly that VKNG will rally towards the 1 Dollar range and then have some type of pull back as there will be previous sellers looking to get out at those previous spike highs.

But after that VKNG could easily move to 3 to 5 dollars over time.  How long that would take I am not quite sure.  But if VKNG can do 100 million in sales then 3 to 5 dollars should be the absolute minimum price to be expected in my opinion.

Surgeons switching to 3d HD seems like a no brainer.  And this company is a first mover pure play on this high demand trend.

The primary difference between VKNG and other penny stocks and pink sheet stocks is that VKNG actually has a real shot at making real money which should help to sustain share price in years to come.  Most other penny stocks barely make any topline revenues.  LBSR for example is a very very long way from making any kind of cold hard cash.

The penny stocks that can actually make some cash and have high value products are worth watching very closely in our opinion.

I previous gave Viking Systems Inc. VKNG a penny stocks penny stocks rating of 1, our highest and most favorable rating.  VKNG is not the typical penny stock in that it trades in the .30 to .40 cent range, but does it really matter what price a penny stock is if the longer term price chart setup still says there are potentially huge gains to be had ?

To me it makes no difference.  Some would probably only like to identify .005 to .10 cent penny stocks trading on the pink sheets or OTC BB.  Surely there are plenty of setups in that space with LBSR being a recent outstanding example of one.

But there are also a huge number of low priced stocks that START from the .20 cent range that can still do amazing upside runs especially if the longer term chart is very favorable.  VKNG is an OTC BB stock that actually has the potential to make some serious money if management can execute and position their 3D HD minimally invasive surgical system to eager buyers.  The price range for their product is near $100,000 each and so you can see how just a few sales can start to add to the bottom line.  The product launch is early October 2010, and the then the last quarter of this year.  Basically this company is transitioning from a development stage level to ‘real company’ level if they line their ducks up correctly.

I feel strongly that the long term penny stock price chart of VKNG is as attractive or even more attractive than the price chart of LBSR.  They are similar in that they both have good bases and large tradeable voids on the left side of the chart.  Stocks that make the biggest runs often times have large tradeable voids on the left side of the chart after having formed long bases.

VKNG today did a huge surge on big volume today. It was a gap opening and a spike high that is confirming the recent uptrend.  I feel that VKNG will trade higher into the end of the year as a longer term position type trade.  I already did a write up over at BestOnlineTrades and you are welcome to read that and see the weekly price chart which looks outstanding to me from a bullish viewpoint.

VKNG is not a good entry right now. I plan to accumulate on any dips in the weeks ahead, but I am unsure at this point whether or not the large opening gap will be filled or not.  I suspect it will in the weeks ahead which would create an ideal entry point.  Buying on a spike high is usually never a good idea.  Usually the stock calms down and settles into a range before the next leg up.

Because VKNG has a low float it tends to trade in the form of spike highs and then extended bases. It is a peculiar trading pattern and takes a little getting used to.

I see potential for VKNG to get above 1.00 range and even into the 3 and 7 dollar range within a 1 to 1.5 year time frame.

This post is just a quick heads up that VKNG or Viking Systems Inc moved above what I consider to be very important resistance at .28  I believe this ‘mature’ penny stock is slowly starting to build trend strength for a stage 2 advance that should eventually take it back up to $1.00 range again.  In the near term the .28 level would ideally hold up as new support.

It will probably take a good amount of time to get up there again, but the first key date remains the early October period as I indicated in my previous post on biotech equipment company.

VKNG can have a somewhat spotty trading style but it is important to keep the larger chart structure in mind which is a huge sign of strength from .005 to $1 range, then a long saucer bottom type formation of 3/4 of a year in length.

The best setups are those that evolve from very large patterns and show clues and signs of strength within.  I can name you plenty of penny stocks that move big every day but which ones have some real ‘meat’ behind them ?  That consideration is one of the most important ones to consider in this volatile sector.

The VKNG setup is quite rare in my opinion but it will probably take a good amount of patience to see it play out fully.

The volume was robust today but still not of the level I would expect to see for the start of a mega move.  Keep in mind that the previous run of .005 to $1 only took about 15 trading days.

We are still almost 2 full months away from early October and also still in the low volume trading month of August.  So I suspect there will still be some games being played for a while in this stock.  But September 2010 should be a much different story.

I am upgrading Viking Systems Inc to a penny stock rating of 1 because the chart is starting to shape up extremely attractively from my view and there are also some forward looking events that will be extremely relevant to the performance of the stock.

This penny stock appears to have some real potential based not only on the technical analysis of the chart but maybe be one of the few penny stocks out there that actually has a chance at making some real money.  They have a 3D HD tool for surgeons.  You can read their recent corporate PDF presentation on their product.

They are planning the launch of their product in Q4 2010 and are in the final phases of product launch and plan to present it on October 3-7th 2010 at the American College of Surgeons Clinical Congress where over 9000 domestic and international surgeons will be present.

This date looks like it is going to be a very important forward looking event for Viking Systems Inc and I suspect the stock will trade higher right into this date.

You have to like the market here and the potential in terms of sheer size.

I don’t normally talk about fundamentals that much but it seemed prudent to cover at least a little bit of that ground with VKNG because they appear to be moving past development stage into a company that actually sells a high value product.

The technical analysis of Viking Systems Inc looks good right now as well.  Moving above the .28 price point would be a significant milestone for this stock as it would put it above a 3 to 4 month trading range.  Two days ago it has shown a nice big marubozu candlestick on robust volume and engulfed at least a months worth of prices.

Viking Systems Inc has many of the qualities I look for in a superb penny stock.  It has the previous mega run from .005 to 1.00 a year ago showing an enormous sign of strength.

Since then it has consolidated for a very long time essentially sideways with a few big volume spikes in between coupled with big demand price bars.

I think VKNG is getting ready for prime time into October 3 to 7, 2010.  Usually there tends to be a lot of excitement about a product launch and into an important conference.  This is good, but it is different from actually selling 1000 of their products.  This is why in penny stocks penny stocks dot com opinion, VKNG will likely rally into this date range (now 2 months away) and then fizzle out after the excitement dies down.

Viking Systems Inc is also showing a weekly MACD histogram buy signal and the weekly trend appears to be set in the upward motion now.

Above .28 is key for VKNG right now and if achieved could start a slow and steady uptrend channel.

VKNG gets a penny stock rating of  1.

Viking Systems, Inc. was just mentioned to me on a stock message board and I casually checked it out and a few alarm bells went off in my head.

Occasionally I run into penny stocks that others mention just at random.  I casually take a look and most of the time they don’t get me that interested, but on a rare occasion they jump out at me.  Viking Systems, Inc. fits that description perfectly.

VKNG trades on the OTC BB and has a small trading float.  The stock also had a HUGE run in November of 2009 from a price point of .004 to 1 DOLLAR.  That is a price percentage gain of 25,000% or a 250 bagger. Unbelievable.

Recently VKNG made a huge 100% move with a nice large power candlestick almost resembling a MARIBUZU candlestick which shows that a possible new strong uptrend may begin.

It is consolidating right now and IF VKNG wants to trade higher from here then this week it really ought to hold .25 cents.  If it breaks below .25 this week then it may not be able to get a continuation run going.  But as long as it can bounce around between .25 and the recent highs I think VKNG may have a shot at another run higher soon.

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