Seeking Alpha

H. T. Love

 
View as an RSS Feed
View H. T. Love's Comments BY TICKER:
Latest  |  Highest rated
  • Axion Power Concentrator 383: Dec. 07, 2014 [View instapost]
    Rick: Having seen (CPST) fight the de-listing fight, you are correct about the appeals. A company can trade for *many* months by the time all appeals and possible paths available are taken. That also matches with my vague memory of actually reading the whole published process from NASDAQ once long ago.

    HardTolove
    Dec 9, 2014. 11:14 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 383: Dec. 07, 2014 [View instapost]
    12/08/2014: EOD stuff partially copied from the blog (up now).
    # Trds: 233, MinTrSz: 5, MaxTrSz: 5478, Vol: 80616, AvTrSz: 346
    Min. Pr: 0.9450, Max Pr: 1.2620, VW Avg. Tr. Pr: 1.0611
    # Buys, Shares: 140 40202, VW Avg Buy Pr: 1.0626
    # Sells, Shares: 80 31807, VW Avg Sell Pr: 1.0471
    # Unkn, Shares: 13 8607, VW Avg Unk. Pr: 1.1058
    Buy:Sell 1.26:1 (49.87% "buys"), DlyShts 200 (00.25%), Dly Sht % of 'sells' 0.63%

    For the second consecutive day we see low shorts, 0 yesterday and 200 today, both from ARCA. This exchange was the one seen in the past that was a key indicator of price being under pressure intra-day from PIPErs, a deal set up by MAXIM, the same "investment bank" that's "helped" us with this one by inserting a "cashless conversion" feature into the financing agreement after most investors had been lured in. MAXIM also states in the SEC filing that they may trade, in all manners, the stock on the open market. They have stock in-house (both in customer accounts and their own) from the financing and their MM function allows them to be on both sides of the trade, by SEC/FINRA rules, simultaneously. The low shorts and today's "twitchy" action (including large intra-day gaps in price) suggests MAXIM and/or their minions were present today. BTW, I'm not suggesting ARCA is the exchange used by MAXIM. That would be hard to ascertain because exchanges with no shorts that day may not report their trade volumes and ARCA had only 800 shares traded (meaning 25% short). Some exchanges do report even when they have no short volume. Today they reported 19,920, 15,120 of which was from EDGX. I would suspect either EDGX or one of the ones that didn't report as the exchange used by MAXIM.

    Today volume returned with a vengeance, above the 10, 25, 50 and 100-day averages ...

    VWAP was down another -16.52% today, bringing us to -32.29% from 11/20's $1.5672. Since we listed and started trading on NASDAQ 10/24 we're down -66.28% from 10/23's VWAP of $3.1463. The first trading day after the 50:1 reverse-split on 9/5 (VWAP $4.4133), 9/8 had a VWAP of $5.2195 and we are down -79.67% from that.

    With today's twitchy, and IMO likely manipulated price action, there's no point in looking at discounting some “outlier” trades – just too many of them.

    Today's low, high, VWAP, trade volume, and daily short sales moved -23.79%, -2.92%, -16.52%, 421.31% and infinity (200/0) respectively. Price spread today was 33.54% (twitchy day – see first note and trading breakdowns for 12/8) vs 4.83%, 7.68%, 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59% and 6.72% on prior days.

    The larger trades (>= 500) occurred on 48 of the 233 trades, 20.60%. These 54,912 shares were 68.12% of day's volume, and traded at a VWAP of $1.0625. 22 of the ...

    The other 185 trades, 79.40% of the day's trades, traded 25,704 shares, 31.88% of the days volume. The VWAP was $1.0580. 118 trades ...

    The usual is in the blog here.
    http://seekingalpha.co...

    HardToLove
    Dec 9, 2014. 11:08 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 383: Dec. 07, 2014 [View instapost]
    Probably just there to force buyers to bid higher for the 9K bidder's offer on the other side.

    HardToLove
    Dec 8, 2014. 01:53 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 383: Dec. 07, 2014 [View instapost]
    Profundo!
    Dec 8, 2014. 06:10 AM | Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    SD: http://seekingalpha.co...

    HardToLove
    Dec 8, 2014. 05:49 AM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    SHB: "... why DID the stocks fall so drastically when crude prices dropped? O&G stock prices have been driven up in the hunt for returns, along with seemingly ALL US stocks".

    That makes sense if my memory serves. ISTR that recently the S&P composite PE was around 18, very high compared to a historical norm of 12? That's an "intended consequence" of the Fed actions and the resulting bubble doesn't go unnoticed by the investing community.

    That results in a "skittish" community, a prerequisite for a really decent popping of the bubble, ignoring any credit (leverage) effects. We know from recent news that margin is at extraordinary levels.

    High PE + High Margin + (dis)inflation + skittish investor + Anticipated reduction of "free money" = an unstable pile of sand ... upon which stands the house of cards.

    MHO,
    HardToLove
    Dec 8, 2014. 05:47 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 382: Nov. 22, 2014 [View instapost]
    12/05/2014: EOD stuff partially copied from blog (up now).
    # Trds: 37, MinTrSz: 10, MaxTrSz: 3700, Vol: 17864, AvTrSz: 483
    Min. Pr: 1.2400, Max Pr: 1.2999, VW Avg. Tr. Pr: 1.2683
    # Buys, Shares: 8 3344, VW Avg Buy Pr: 1.2728
    # Sells, Shares: 26 12220, VW Avg Sell Pr: 1.2639
    # Unkn, Shares: 3 2300, VW Avg Unk. Pr: 1.2851
    Buy:Sell 1:3.65 (18.72% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%

    To have 0 shorts with this volume is extremely unusual. This says that either ... a lot of intra-MM/broker trading, which seems most likely. With this volume though that also seems to suggest consideration of who is doing the selling and buying for these trades. Is it really reasonable ... In that case I would presume that some "PIPEr-like" players were involved, maybe planning on a cashless conversion play down the road by forcing ever-lower prices? Since we again have Maxim and at least one prior PIPEr involved ...

    Volume continues its inexorable (seemingly!) slide lower ... today's ~17.9K is below the 10, 25, 50 and 100-day averages, in thousands, of 24.44, 65.28, 55.00 and 34.42 respectively. This “below all the averages” is too frequent for a “healthy” market in a symbol IMO.

    VWAP was down another -03.67% today, bringing us to -18.89% from 11/20's $1.5672, worse than 12/1's reading of -15.63%. More depressing, ... we're down -59.60% from 10/23's VWAP of $3.1463. Worse, the first trading day after the 50:1 reverse-split on 9/5 (VWAP $4.4133), 9/8 had a VWAP of $5.2195 and we are down -75.65% from that.

    Of course we knew that already.

    Note the following price spread was affected by two low-ball trades ...

    The high was set by the first trade of the day at 9:58:44 – 300 shares at $1.2999.

    The next lower trades were ...

    Today's low, high, VWAP, trade volume, and daily short sales moved -1.82%, -4.42%, -03.67%, -60.88% and -100.00% respectively. Price spread today was 4.83% vs. 7.68%, 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59%, 6.72% and 16.20% on prior days.

    The larger trades (>= 500) occurred on 8 of the 37 trades, 21.62%. These 12,883 shares were 72.12% of day's volume, and traded at a VWAP of $1.2664. 2 of the ...

    The other 29 trades, 78.38% of the day's trades, traded 4,981 shares, 27.88% of the days volume. The VWAP was $1.2730. 6 trades ...

    The usual is in the blog here.
    http://seekingalpha.co...

    HardToLove
    Dec 6, 2014. 11:29 AM | 5 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    WWT: Yep! IIRC got to ~$150/bbl before the retrace began. 'Course we had photos (in articles linked right here in the QCs) of laden tankers sitting in obscure places loaded to the gills (reportedly the squids buying and holding) as price continued inexorably higher.

    HardToLove
    Dec 6, 2014. 10:46 AM | 3 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    WWT: That thesis seems heavily dependent on demand from Asia, in general, and China and Japan specifically.

    IIRC, they are not exhibiting growth currently and, as SHB(?) mentioned recently, "Dr. Copper", as tracked by (JJC), has really ugly 3, 2 and 1-year charts. The 1-year tail is reflecting the recent USD strength, to some degree I'm sure, but even before that it was ugly, ugly, ugly.

    If we throw in the EZ weakness, and consider whether the "Drahgi Effect" will actually be such, maybe some caution is warranted?

    I can certainly see fertile ground down the road as the weak AUD combines with an upswing in economic activity in general, but I'm thinking now would be a bit "early"?

    MHO,
    HardToLove
    Dec 6, 2014. 10:39 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 382: Nov. 22, 2014 [View instapost]
    Bob: Good story for Vlad - the tax benefits of going from employee to consultant can be substantial, depending on his commute method and distance, amount of space at home dedicated to consulting work, subscription to related publications, etc.

    Axion saves a bit on SS/FICA etc. too.

    Just wanted to highlight that *someone* at least benefits from the status change.

    HardToLove
    Dec 6, 2014. 08:02 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 382: Nov. 22, 2014 [View instapost]
    obieephyhm: Sorry to hear your health has gone the wrong way. Will be thinking of you and wishing for a successful outcome, with no complications this time.

    HardToLove
    Dec 5, 2014. 06:06 PM | 11 Likes Like |Link to Comment
  • Axion Power Concentrator 382: Nov. 22, 2014 [View instapost]
    ABM: OS? I had my ETPro showing 420% of cpu (I've got 6 cores on that unit) on first start up this morning. I run it on CentOS 6.6 (an enterprise stable respin of Redhat Linux).

    I killed ETP, did my "javaws -clearcache" command, fired 'er back up and all was normal.

    I've not run it on windows for several weeks now. The only thing that doesn't work well is right click on charts. although it works on trend lines in charts, Market Depth, Time & Sale, ...

    If you clear cache, *including* applications, maybe that'll fix 'er for you?

    HardToLove
    Dec 5, 2014. 06:03 PM | 1 Like Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    D-Inv: Especially interesting since just a few days ago was an item on CNBC about how consumers pay down auto loans fast. IIRC it was that guy who runs Autonation.

    HardToLove
    Dec 5, 2014. 05:53 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 382: Nov. 22, 2014 [View instapost]
    12/04/2014: EOD stuff partially copied from blog (up now).
    # Trds: 68, MinTrSz: 7, MaxTrSz: 3603, Vol: 39526, AvTrSz: 581
    Min. Pr: 1.2630, Max Pr: 1.3600, VW Avg. Tr. Pr: 1.3195
    # Buys, Shares: 33 16149, VW Avg Buy Pr: 1.3194
    # Sells, Shares: 33 23067, VW Avg Sell Pr: 1.3196
    # Unkn, Shares: 2 310, VW Avg Unk. Pr: 1.3176
    Buy:Sell 1:1.43 (40.86% "buys"), DlyShts 4183 (10.58%), Dly Sht % of 'sells' 18.13%

    VWAP broke the recent three-day weak up trend as volume returned. This is like the old behavior – volume up price down and vice versa. Anyway, down 2.95% today, bringing us to -15.80% from 11/20's $1.5672, worse than 12/1's reading of -15.63%.

    Note the following price spread was due to a single 100 share trade for $1.36. This was followed ...

    Today's low, high, VWAP, trade volume, and daily short sales moved -4.32%, -4.76%, -02.95%, 284.57% and 1,991.50% respectively. Price spread today was 7.68% vs. 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59%, 6.72%, 16.20% and 19.44% on prior days.

    The larger trades (>= 500) occurred on 21 of the 68 trades, 30.88%. These 32,451 shares were 82.10% of day's volume, and traded at a VWAP of $1.3203. 8 of the ...

    The other 47 trades, 69.12% of the day's trades, traded 7,075 shares, 17.90% of the days volume. The VWAP was $1.3160. 25 trades ...

    The usual is in the blog here.
    http://seekingalpha.co...

    HardToLove
    Dec 5, 2014. 09:37 AM | 8 Likes Like |Link to Comment
  • QuickChat #276, November 27, 2014 [View instapost]
    OK. After the initial knee-lerk reaction, the futures for the Dow and S&P recovered to pre-report levels, roughly. DOW essentially flat at +56 and S&P +4.50, 0.2%.

    So looks like the market got over the Fed fear.

    HardToLove
    Dec 5, 2014. 08:56 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
18,027 Comments
25,608 Likes