Of the 17 peeks I took at the bid changes, 7 were increases and 8 were decreases (some just results of being “uncovered”). This was less bullish than in the last few days. Of the 15 ask changes I viewed, 6 were increases (some due to “uncovering”) and 7 were decreases, again much less bullish than the lat few days.
Regardless, VWAP has held up: $0.2492, $0.2466, $0.2417, $0.2372 and $0.2446 over the 5-day span.
Daily short sales is still ab it elevated, but somewhat lower. This seems to be due to less participation, as best I could tell, by the newer cadre of market-makers that appeared recently.
Average trade size did move up again and is in what I believe is the mid-range of retail. Buy percentage dropped below it's averages again, supporting the less bullishness assessment of the bid/ask activity.
All this is reflected in my original inflection point calculations, which weakened again, this time in six of six periods. 5 of the six periods increased weakness in the 5-day change and 6 of six had increased weakness in the average 5-day rate of change. However, the newer version disagrees with 5 of six periods showing a reduced weakness and 5 of six periods improving in the five-day change and six of six improving in the average change over five days.
Details of “Dly Sht % of 'sells'” and inflection points omitted here.
Swine Flu AND Medical News Concentrator April 25, 2013 To ??? [View instapost]
LT: (NVAX) down, IMO, because those investors that did the financing got the price up where it became profitable for them to exit as folks got sucked in on the story. Those that have been around this stock for a while know that the H7N9 news is transient and wont result in any near-term change in company position, no likely fast-tracking, etc.
If I've got that right, reversion to trend is a natural result.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
"A cheaper battery would help them a lot. "
Not to mention reduction/elimination of cooling systems and leaks, the need for a "fortress" around the batteries, special warnings and training for fist responders, ...
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
LT: page 30 of the filing: "t) Trading in Common Stock .
(i) Each Buyer hereby agrees, severally and not jointly, for so long as such Buyer owns any Notes, such Buyer shall not (x) maintain a Net Short Position (as defined below) or (y) together with any of its affiliate Buyers, sell shares of Common Stock of the Company received by such Buyer pursuant to a Company Conversion (as defined in the Notes) during any Trading Day in an amount, in the aggregate, exceeding 15% of the composite aggregate share trading volume as reported on Bloomberg (as defined in the Warrant) of the Common Stock measured at the time of each sale of securities during such Trading Day. "
I mentioned this before - TG tried to offer at least a modicum of protection. There's also a discussion of short-selling restrictions and other stuff.
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
JP: ""we are in various stages of lab or field vehicle testing with these strategic partners" is critically important news".
Noticed and disregarded by me.
Why get hung up on another long process of no news allowed, interminable delays and anticipation of "near-term" results when everything to-date says that's a road to ... something depending on one's particular emotional make-up, likely at least frustration.
I suspect that, "commercial enterprise" or not, we'll still be complaining about the dark.
MHO, and prepared to weather this one too, HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
JP: I think this is the "whisper in the ear" we (all?) surmised would be required, and quite effective, a couple years(?) back.
The timing, to me, seems to also support our(?) conjecture that there was no serious commitment until the new sheet process proved itself and that once that was done, they could proceed.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Jveal: DRich might know better, but I wonder if circuit boards and control panes and associated gadgetry are part of the issue. ISTM that the combo of large bi-directional electrical currents might need some less common stuff than is found on typical rolling stock.
Maybe needs to be shock resistant (i.e. "G forces") too.
I guess at this because I don't think plain old racks, custom or not, would be that big a deal for the suppliers used to working with the RRs. Of course they could be back-logged.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Stefan: maybe not? If the effort to identify, qualify and reach final agreement with a second source supplier is "several months along", I posit this ...
IIRC, and please correct if I'm wrong, Axion never said their FG was completed batteries. They said something along the lines of swinging inventory toward PbC product?
I think the FG could have been electrodes. If that's true, ISTM that part of this "second source" effort would be shipping some electrodes to potential partners so they can see for themselves the quality, consistency and ease of integration into their manufacturing process, including any engineering and line changes.
If that's the case, the inventory that we presumed was completed batteries, for the most part, could have been substantially depleted by shipment of the electrodes.
I *do* presume that some of the inventory was batteries for testing by various potential end-use customers.
Make sense? Did Axion ever say it was batteries or did we on this board make that leap? I just can't remember.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Ranma: I like (PCAR) for it. I know they already have (CPST) units testing on the track for one of their brands and another under construction for the other brand. IIRC, they're also testing hydraulic stuff from Eaton. So, adding in some "more conventional" technology involving batteries, starter motors and generators and a little electronic circuitry and programming to the experimental programs would be duck soup for them.
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Jveal: "So both auto and train are still in play, just much delayed beyond imagination".
On the auto, IIRC, both JP and Iindelco, and likely others, long ago mentioned that the auto makers needed a second source. My thinking is that this part is the least "delayed" of all the steps that must be accomplished on the road to adoption by an auto maker.
It would appear as an additional delay only if we forgot that we knew this was needed. I still don't like all the other delays though! :-((
Swine Flu AND Medical News Concentrator April 25, 2013 To ??? [View instapost]
So far, I've been not pulling the trigger though because an (unreliable) gut hunch is thinking somewhere below $2 again.
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
# Trds: 66, MinTrSz: 300, MaxTrSz: 21600, Vol 370415, AvTrSz: 5612
Min. Pr: 0.2390, Max Pr: 0.2500, VW Avg. Tr. Pr: 0.2446
# Buys, Shares: 20 108750, VW Avg Buy Pr: 0.2450
# Sells, Shares: 46 261665, VW Avg Sell Pr: 0.2444
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.41 (29.4% “buys”), DlyShts 78250 (21.12%), Dly Sht % of 'sells' 29.90%
Of the 17 peeks I took at the bid changes, 7 were increases and 8 were decreases (some just results of being “uncovered”). This was less bullish than in the last few days. Of the 15 ask changes I viewed, 6 were increases (some due to “uncovering”) and 7 were decreases, again much less bullish than the lat few days.
Regardless, VWAP has held up: $0.2492, $0.2466, $0.2417, $0.2372 and $0.2446 over the 5-day span.
Daily short sales is still ab it elevated, but somewhat lower. This seems to be due to less participation, as best I could tell, by the newer cadre of market-makers that appeared recently.
Average trade size did move up again and is in what I believe is the mid-range of retail. Buy percentage dropped below it's averages again, supporting the less bullishness assessment of the bid/ask activity.
All this is reflected in my original inflection point calculations, which weakened again, this time in six of six periods. 5 of the six periods increased weakness in the 5-day change and 6 of six had increased weakness in the average 5-day rate of change. However, the newer version disagrees with 5 of six periods showing a reduced weakness and 5 of six periods improving in the five-day change and six of six improving in the average change over five days.
Details of “Dly Sht % of 'sells'” and inflection points omitted here.
HardToLove
Swine Flu AND Medical News Concentrator April 25, 2013 To ??? [View instapost]
If I've got that right, reversion to trend is a natural result.
MHO,
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Not to mention reduction/elimination of cooling systems and leaks, the need for a "fortress" around the batteries, special warnings and training for fist responders, ...
A win all around ISTM.
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Long ago and far away ... it was stated that the lines were now about 3 weeks delivery because it was a "cookie cutter" operation now.
If that be true, just shipping, installation, set up and adjustment, and some test runs is added? S/b less than three months?
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
"t) Trading in Common Stock .
(i) Each Buyer hereby agrees, severally and not jointly, for so long as such Buyer owns any Notes, such Buyer shall not (x) maintain a Net Short Position (as defined below) or (y) together with any of its affiliate Buyers, sell shares of Common Stock of the Company received by such Buyer pursuant to a Company Conversion (as defined in the Notes) during any Trading Day in an amount, in the aggregate, exceeding 15% of the composite aggregate share trading volume as reported on Bloomberg (as defined in the Warrant) of the Common Stock measured at the time of each sale of securities during such Trading Day. "
I mentioned this before - TG tried to offer at least a modicum of protection. There's also a discussion of short-selling restrictions and other stuff.
http://bit.ly/YYb03q
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
Noticed and disregarded by me.
Why get hung up on another long process of no news allowed, interminable delays and anticipation of "near-term" results when everything to-date says that's a road to ... something depending on one's particular emotional make-up, likely at least frustration.
I suspect that, "commercial enterprise" or not, we'll still be complaining about the dark.
MHO, and prepared to weather this one too,
HardToLove
Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
The timing, to me, seems to also support our(?) conjecture that there was no serious commitment until the new sheet process proved itself and that once that was done, they could proceed.
HardToLove
REE/Strategic Minerals Concentrator, March 29, 2013 [View instapost]
Thanks!
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
Maybe needs to be shock resistant (i.e. "G forces") too.
I guess at this because I don't think plain old racks, custom or not, would be that big a deal for the suppliers used to working with the RRs. Of course they could be back-logged.
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
IIRC, and please correct if I'm wrong, Axion never said their FG was completed batteries. They said something along the lines of swinging inventory toward PbC product?
I think the FG could have been electrodes. If that's true, ISTM that part of this "second source" effort would be shipping some electrodes to potential partners so they can see for themselves the quality, consistency and ease of integration into their manufacturing process, including any engineering and line changes.
If that's the case, the inventory that we presumed was completed batteries, for the most part, could have been substantially depleted by shipment of the electrodes.
I *do* presume that some of the inventory was batteries for testing by various potential end-use customers.
Make sense? Did Axion ever say it was batteries or did we on this board make that leap? I just can't remember.
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
On the auto, IIRC, both JP and Iindelco, and likely others, long ago mentioned that the auto makers needed a second source. My thinking is that this part is the least "delayed" of all the steps that must be accomplished on the road to adoption by an auto maker.
It would appear as an additional delay only if we forgot that we knew this was needed. I still don't like all the other delays though! :-((
HardToLove
Axion Power Concentrator 235: May 12: Axion Power Completes Private Placement For $9 Million And $1 Million [View instapost]
HardToLove