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GM, Jeff Bishop here.
If you’ve followed me for any amount of time, you know I like to drink from familiar wells.
I’m like any other trader. With some stocks, I just seem to be “lucky” – a lot!
I love trading tickers such as CVNA, TSLA, QQQ, NFLX, and COIN.
Call it experience or just superstition, but I find I do much better that way.
I like revisiting a lot of small stocks too…
Today’s “tactical trade” idea is one I recommended looking at back in April after it soared over 400% from its lows in a single day, then jumped 70% the next day.
It was an incredible momentum play, and it popped 25% the morning I recommended looking at it…
The next day, everyone watching saw another impressive jump:
Yes, I’ve given the game away.
Go ahead and pull up today’s “tactical trade” idea: WiSA Technologies, Inc. (WISA).
You’ll see the stock had a monster move earlier this month after incredible news led it to soar more than 150% from the previous day’s lows, putting it on the top gainers list for the day…
It then made a 27% gain a few days later.
All that momentum is giving me déjà vu from the last time I alerted it.
I’ve watched it pick up momentum again this week, and I think right now is the perfect time to pay close attention again.
The stock is showing even more momentum in the pre-market, and I see no reason why the uptrend won’t continue today.
WISA is heating up again – make sure it is on the top of your watchlist today. 🔥
However, if it does start trading below $1.70, I would consider the trend broken and might look elsewhere. That was the spot where the last “GO” signal was triggered, as you can see in the chart above.
Beaverton, Oregon-based 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.
WISA has been on the warpath with a string of great news, starting with its December 4 announcement of its first-ever license of its new 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.”
On April 16, it announced it had “executed its fourth 5-year WiSA E licensing agreement with a fourth major HDTV/PTV (Projection TV) brand,” and two days later, it revealed its “game-changing” fifth WiSA E licensing deal with a “global consumer electronics leader.”
While WiSA E is compatible with any HDTV operating system (OS), WISA initially focused on HDTVs that use the Android OS — “the most prevalent OS in the HDTV market.”
As a result, the licensing agreements it now has in place cover 43% of the HDTV market that uses the OS. Still, WiSA announced in May that it plans to add three more WiSA E licensees in 2024.
But the news that launched WISA into the stratosphere earlier this month was a $210 million asset purchase agreement to acquire intellectual property and information technology from privately held Data Vault Holdings Inc.
The $210 million consists of 40 million shares of common stock of WiSA Technologies to be issued at $5 per share plus a $10 million 3-year note.
The deal is subject to customary conditions and approval by WISA stockholders, but that is expected to occur prior to December 31, 2024.
Data Vault Holdings is a company that is “leading the way in metaverse data visualization, valuation, and monetization.” You can find out more about the company and its proposed combination with WiSA in this investor presentation.
As I read it, this is almost like a SPAC deal.
WISA CEO Brett Moyer said that “This exciting transaction leverages our public company structure, creating a larger, more dynamic entity with broad reach in multiple, rapidly growing markets. Datavault’s substantial IP portfolio significantly amplifies our spatial audio technology and adds powerful [high-performance computing] assets. … I look forward to joining forces to work together and create shareholder value for WiSA investors.”
As mentioned, this news sent the stock rocketing 150%, and I think investors are still coming to terms with it, leading to the big momentum we’ve seen this week.
Spend time right now doing your own research on WISA, 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. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: WISA is a proven rocketship that really takes off once it gets going… and this week, it definitely looks like it is on the launchpad again.
We’re seeing strong price action in the pre-market, and I see no reason why today won’t continue the uptrend.
Keep WISA at the #1 spot on your watchlist today to see if this one continues my long winning streak of “tactical trade” ideas.
To Your Success,
Jeff Bishop
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*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received twenty five thousand dollars (cash) from Sica Media for advertising WiSA Technologies, Inc for a one day marketing program on September 26, 2024. Previously, we received seventeen thousand five hundred dollars from Sica Media for a one day marketing program on April 19, 2024. This was paid by someone else not connected to WiSA Technologies, Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into WiSA Technologies, Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,Â
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1.ties br0ker-deale.r, br0ker, 1nvest.ment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry auth.ority, or any self-regulat0ry organization.
So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.
