Seeking Alpha

H. T. Love

View as an RSS Feed
View H. T. Love's Comments BY TICKER:
Latest comments  |  Highest rated
  • Axion Power Concentrator 285: Nov. 21 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    In prior years we never got a good consensus on the issue of tax loss selling.

    If you likely *WON'T* be doing that, would you kindly click "like" on *THIS* comment?

    If you likely *WILL* do so, would you be so kind as to click the "like" on this *PRIOR* comment? Don't click this one.

    Nov 21 10:26 AM | 50 Likes Like |Link to Comment
  • Axion Power Concentrator 303: Feb. 8 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    I know you will all "like" this news: "like is back and appears 100% functional.

    I've e-mailed SA, so if it doesn't work for you you'll need to let them know there's still an issue.

    Feb 9 08:08 AM | 30 Likes Like |Link to Comment
  • Axion Power Concentrator 240: May 30: Axion Power Reports First Quarter Results For 2013 [View instapost]
    One of our known Axionistas who doesn't care to be publicly identified in this context advised me that he was the individual behind Wednesday's (and Thursday's carryover) bids for AXPW at .272 cents per share.

    At about 3 PM EST on Wednesday he entered an order (through TDAmeritrade) to purchase 300,000 shares of AXPW at a limit of .272. This limit was above market at the time, which was then about .259 asked.

    He was rather surprised at just how scarce shares available for purchase were.

    Only 187,358 shares of the order were filled in that final hour Wednesday:
    4,400 shares at .259
    2,500 shares at .2599
    2,500 shares at .26
    2,500 shares at .262
    7,808 shares at .2623
    2,500 shares at .2624
    25,000 shares at .2629
    25,000 shares at .265
    5,000 shares at .267
    2,500 shares at .268
    5,000 shares at .269
    30,150 shares at .27
    72,500 shares at .272

    It took a further 55 minutes after Thursday's opening to fill the 112,642 share remaining balance of his order:
    15,380 ... 9:44 AM
    3,000 ... 9:46 AM
    2,800 ... 10:10 AM
    91,462 ... 10:25 AM (times listed are those of confirmation emails)

    The day after AXPW's recent low at .2001 (April 29) he had attempted for about two and a half weeks to bottom fish 100K shares at .2020. In light of Axion's recent vastly improved corporate outlook he concluded that fishing so low would prove ridiculously unproductive.

    He then attempted, instead, to fish for 200K shares at .2402 (close under market range) - maintaining that bid for a further week. Were present circumstances anything like those of last summer or fall, he anticipated that a seller of size would eagerly seize the opportunity to unload quantity, albeit at the low end of current market. Such bids of his =were= usually quickly successful back then, when our big uglies were unloading.

    His assessment today is that the market for Axion shares has undergone a massive sea change and tightened very substantially - especially for anyone trying to deploy significant capital into Axion. He anticipates that anyone eyeing Axion but waiting for all i's to be dotted and t's to be crossed re: corporate developments will wind up paying dearly for shares - especially if quantity is sought.

    Hence his decision to lay in these 300,000 shares by offering a (then) above-market price.

    He believes it likely that Axion will shortly move to resume trading in the .30 to .35 cent range and that any major positive news will rocket the stock as shins and elbows get bruised when latecomers jockey to enter the Axion arena seeking large new positions in the company.

    N.B.: This Axionista took it as a very significant portent that Bob Averill sought the opportunity, through this recent financing, to deploy an additional $735,000 of his own funds into Axion at this time.

    I think it very generous that this person provided this recounting. It provides a contrary opinion to my assessments that sellers we're "too easy" (although, I of course, remain unconvinced !! :-).

    My thanks to that person.

    For future context, Wednesday was 5/29 and Thursday was 5/30/2013.

    May 31 06:00 AM | 30 Likes Like |Link to Comment
  • Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
    I would like to take this opportunity to gripe, which I don't often do (until recently), in the hopes that TG & Co. will see it and think about it. I think if all post a thought about it ...

    It peeved me mightily that they have been several months into the process of second supplier efforts and nary a word that might ease the fears of the investment community was uttered.

    I feel that this could have been a minor PR with few details that said something along the lines of "Axion is pursuing ... alliances ... for satisfaction of requirements for use in (a potential) auto ..." and omit all detail as appropriate.

    Their silence does eliminate the risk of being seen to fail - good for them.

    If they are going to be a "commercial enterprise", I assume that one of the tasks they inherit with that mantle is concern for keeping investors informed in a *timely* manner. Some call it "managing expectations". I call it just helping your investing community make the best decisions for themselves and for the company benefit.

    Just think of what it would feel like for folks that dumped and lost money just because the company was more tight-lipped than it needed to be if this cc caused a nice price appreciation.

    How many folks might have stayed away because a significant step towards an apparent auto win was not even hinted.

    Think of the angst that could be avoided by folks that decide to hold through thick and thin if they had these tidbits of information.

    As a share holder I feel we are part of the company and deserve to be informed, within reason and with due discretion, when steps that will have significant effect on investor decisions occur. Even if nothing is finalized, it's worth letting the community *know* that some significant change in the activities progressing towards success occurs.

    "The market is a forward-looking mechanism". Looking backwards only, through the quarterly reports, just doesn't cut it here.

    I won't even address how much easier and better their financing effort *might* have been if share price had been going the other way. That's above my knowledge, of course.

    May 16 05:13 PM | 29 Likes Like |Link to Comment
  • U.S. Jobs Propaganda Gets More Desperate [View article]
    "Anyone who defends these numbers is (implicitly) either a liar or an idiot.".

    You forget, I guess. This is the government. Its likely it's "Anyone who defends these numbers is (implicitly) a liar *and* an idiot."

    Jun 5 08:52 AM | 25 Likes Like |Link to Comment
  • Axion Power Concentrator 318: Mar. 27 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Edmund: before I get, I want to thank you, regardless of the cause, for your effort and diligence in looking at the patents.

    I think I speak for all(?) in saying it's appreciated and is giving us additional knowledge, possible insight, and the opportunity for some possibly warranted new optimism regarding (NSC)'s status and activities.

    Mar 30 02:49 PM | 24 Likes Like |Link to Comment
  • Axion Power: Out Of The Pipe And Into The Light [View article]
    For those with an interest, JP is correct about a change in the selling behavior though. Without assigning meaning I will say that starting a few weeks back we saw occasional instances where the market-maker (more properly I guess would be folks trading through a particular market-maker) most closely associated with capping price movement, and very often actively participating in pushing it down, began appearing less frequently and often when they did appear didn't immediately jump ahead of all other offers and then aggressively fight to maintain such a position.

    They still do it, just not as frequently and not as reliably.

    This contrasts starkly to months on-end when their behavior was as reliable as clockwork.

    This change in behavior also produced a change in price trend where the rate of descent was ameliorated and volatility of certain things I measure, which are not traditional TA things, began consistently displaying signs of indecision.

    This didn't make me all bullish on price - rather I was able o switch from saying "down" to "no signs of bullish activity yet". A big change for me.

    FWIW to those that have an interest.

    Jan 31 03:46 PM | 22 Likes Like |Link to Comment
  • Axion Power Concentrator 247: June 28: Axion Power Receives Order To Supply Class 8 Truck Battery Strings For EPower [View instapost]
    OT: When long-time participants begin sniping at each other, I think it wise to step back and consider:
    - different folks remember different things more or less strongly;
    - some folks see negatives more easily and some see positives more easily;
    - we all bring different backgrounds and POVs to the endeavor;
    - we should keep these things (about ourselves and others) in mind when posting;
    - presumption of intentional distortion is likely ill-founded and we should keep that in mind when composing our posts;
    - the stress caused by many factors related to Axion has a natural side-effect of making folks more irritable;
    - as adults it is incumbent on each of us to mitigate the negative aspects these side-effects.

    Our strength comes from the first three items above - they should not become arrows in the quiver of internecine warfare. Envisioning us as homogeneous in terms of skill sets, available time, memory capacity, ... or any other trait and expecting "they" would do it the way we do, or reach the same conclusion, or take the time we do or, ... is a mistake.

    Except for real trolls, I believe we should always treat each other as we would like to be treated - presumption of innocence until proven otherwise comes to mind. "Brutal honesty" is best applied sparingly and only when it seems likely to produce the desired results, ignoring ego gratification of course.

    Jun 29 06:46 AM | 22 Likes Like |Link to Comment
  • Stewart vs. Cramer: A Cheap Shot [View article]
    A few points here.

    1) Cramer provides a valuable service by *always* reminding his audience of due diligence, never taking his advice as gospel and trying to educate his audience. Whether he is right or wrong about specific market events or equities doesn't bother me at all. Until I see him walk on water or dangling from a wooden crucifix I will never blame him for missed or bad calls. After all, in fairness, I don't have enough years left to target all the others that should be criticized *ahead* of him.

    2) I've enjoyed Stewart. However his pillorying of Cramer seems rather presumptuous. It's as if he believes that through his exposure to the reported events and public sentiment he is now expert enough to lay blame for the results. That's one hell of an ego.

    Allowing that he is a private citizen, as well as an entertainer, he did nothing more that give another public voice to the frustration that many feel. Cramer was the only available "pissing post" and so took it on the chin. I felt a great deal of sympathy for him.

    As to Santelli: I like him a lot. He was also "another voice" of what many were feeling. If he chose (wisely) not to be the undeserving target of rantings of an egotistical comedic panderer to populist sentiment (which may be an accurate description of the premise of Stewart's show), I congratulate Santelli. His rant and opting out of Stewart's show does nothing to discredit him either.

    3) Why has the most important moment of the whole show has been overlooked? When Stewart suggested that the media was at least partly fault for being "in bed" with financial interests, he was right. He then complained about the lack of investigative reporting. He was right that there are many "showmen", commentators, etc., and few reporters. He asked where was the investigative journalism that was the hallmark of good media in past times.

    This was the one potentially useful thing that came out of the show. Where has the true "journalism" and "investigative reporting" gone in our media? The media seems to have forgotten the important role assigned by our founding fathers to it in the preservation of freedom and democracy.

    I presume it has gone the way of many useful values in the pursuit of profits - nay, even survival - at the cost of many more important things.

    4) Regardless of thoughts to the contrary, it is not just a "financial" crises, it is a societal crises engendered by the wanton abandonment of personal and social values - those that made this country so prosperous and highly-regarded by the world at large through nearly two centuries.

    The current situation will bring some of these back to the fore as individuals at all levels are reminded of the results of the abandonment of these values.

    Jack Welch recently commented on the stupidity of running a company for purposes of share price. Maybe this is an early vocal harbinger of the "re-education" which will/should take place.

    Mar 15 09:50 AM | 22 Likes Like |Link to Comment
  • Axion Power Concentrator 355 August 3 '14: Changed Loan, IP-Secured MDA; David DiGiacinto Appointed Chairman And CEO; Share Reverse Split And Authorized Share Reduction Approved [View instapost]
    Well Edmund, I take the opposite approach of welcome the new participant and let time show the worth, or lack thereof, of that new participant.

    Requiring/requesting that one has to "prove" oneself up front to your, or anyone's, satisfaction is a good way to drive away potentially valuable participants.

    I agree with DRich that it is rude as well.

    Aug 8 08:28 AM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 328: May 01 '14: Revese Split Consent Solicitation Filed; Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials [View instapost]
    Iindelco: Amen bro on the thoughts of how support was built and how it was not.

    May 1 06:58 PM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 261: August 18: 10Q Filing For Q2; Two Axion Forbes Articles; John Petersen On PIPE Mechanics & Incentives [View instapost]
    08/19/2013: EOD stuff partially copied from instablog (up already).
    # Trds: 159, MinTrSz: 100, MaxTrSz: 100000, Vol 1507311, AvTrSz: 9480
    Min. Pr: 0.1360, Max Pr: 0.1525, VW Avg. Tr. Pr: 0.1439
    # Buys, Shares: 75 663211, VW Avg Buy Pr: 0.1438
    # Sells, Shares: 65 746100, VW Avg Sell Pr: 0.1437
    # Unkn, Shares: 19 98000, VW Avg Unk. Pr: 0.1466
    Buy:Sell 1:1.12 (44.0% “buys”), DlyShts 347971 (23.09%), Dly Sht % of 'sells' 46.64%

    There was a 4K AH trade FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 1,503,311 to my total and would lower the short percentage from 23.15% to my 23.09%. If the shares are also added to the short sales, the short volume moves from 347,971 to 351,971 and the short percentage would be 23.35%.

    Yesterday: “The daily short sales appear to be ending the near-term high-volatility behavior and migrating towards a sideways vacillation around its averages, ... “. Today continues that behavior. I also said “This could give rise to a short sideways to slightly up trading pattern, maybe including a small price move back to the low $0.14xx area. ...”. Today's VWAP fits.

    Something I'll continue to watch is detailed by yesterday's comment: “This is a new and untested assessment based on some patterns I've noticed that frequently correlate to changes in price activity. Volume should continue the decline which just began from extreme levels. ...”. Today's volume did continue the decline, giving us two declines in a row – still too early to call it a trend.

    If the pattern is true, one option is that the next behavior could be a couple days with a more-or-less flat VWAP with the intra-day highs plateauing, or even dropping a bit, while the lows grind up a bit – i.e convergence typical of a short-term consolidation. In this case the daily short sales would vacillate around the “normal” range, or even the lower part of it. Volume decline continues.

    This seems the most likely scenario ATM.

    Another outcome could be a slow price weakening, but that appears to be the less frequent behavior when this pattern is observed – daily short sales vacillating “sideways” around the (low-to-)normal area. Volume decline continues.

    If daily short sales have started a progressive climb (possible with what's shown so far), but does not “spike”, look for VWAP to continue to slowly climb, accompanied by declining volume.

    Average trade size was elevated again due to a couple 100K trades, a 66K, four in the 50K range and three in the 40K range. Even with those removed, I think we'd be a bit larger than recent normal aws the number of 10K, 20K and 30K trades were a bit more than nomal.

    Week end & this week's daily estimated values (older dailys in prior EOD posts) for next share issue:
    06/14: 20 lowest intra-day VWAPs in 40 days avg, $0.2315, x 85%: $0.1968 Wk cls VWAP $0.2122
    06/21: 20 lowest intra-day VWAPs in 40 days avg, $0.2176, x 85%: $0.1850 Wk cls VWAP $0.1751
    06/28: 20 lowest intra-day VWAPs in 40 days avg, $0.1956, x 85%: $0.1663 Wk cls VWAP $0.1474
    07/05: 20 lowest intra-day VWAPs in 40 days avg, $0.1805, x 85%: $0.1534 Wk cls VWAP $0.1518
    07/12: 20 lowest intra-day VWAPs in 40 days avg, $0.1657, x 85%: $0.1408 Wk cls VWAP $0.1403
    07/19: 20 lowest intra-day VWAPs in 40 days avg, $0.1539, x 85%: $0.1309 Wk cls VWAP $0.1543
    07/26: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1555
    08/02: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1733
    08/05: 20 lowest intra-day VWAPs in 40 days avg, $0.1524, x 85%: $0.1295 Wk cls VWAP $0.1410
    08/16: 20 lowest intra-day VWAPs in 40 days avg, $0.1447, x 85%: $0.1230 Wk cls VWAP $0.1348
    08/19: 20 lowest intra-day VWAPs in 40 days avg, $0.1441, x 85%: $0.1225

    Vol, in K, for above weeks: 4,356, 1,934, 3910, 1,217, 2902, 5041, 2731, 3889, 6920.3.
    Vol, in K, for above days: 1507.31.

    On my original inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
    1-day change: -3.3% 1.5% -3.4% 1.5% 0.4% -2.0%
    5-day change: -58.9% 19.5% 3.2% 10.8% 0.5% -1.8%
    5-day rate of change change: -57.6% 855.4% 144.9% 141.4% -8.4% -4.2%

    The changes on my original experimental inflection point calculations shows improvement from the prior two days:
    08/15/13 -27.4% -15.8% -2.3% -4.9% -2.7% -3.8% 1-day
    08/16/13 -29.9% -16.8% -9.5% -11.2% -6.6% -4.9% 1-day
    08/15/13 -75.0% -6.9% -5.8% -0.2% -22.8% -34.3%
    08/16/13 -512.0% -18.9% -24.7% -63.9% -55.5% -20.1% 5-day
    08/15/13 -16.6% 100.4% 970.8% 42.0% -1092.8% -118.8% change rate
    08/16/13 -26.9% -4427.2% -69.5% -107.5% -294.2% -318.1% change rate

    On my newer inflection point calculations, for those same periods:
    1-day change: 21.2% 22.5% 35.1% 29.0% 29.8% 39.5%
    5-day change: 341.0% 67.6% 242.6% 537.6% 111.9% 81.1%
    5-day rate of change change: -36.7% 24.6% -12.7% -17.8% -26.7% -24.8%

    On my newer version the same is happening:
    08/15/13 -53.6% -33.9% -41.8% -32.0% -29.6% -47.3%
    08/16/13 -13.9% -3.1% 11.2% 5.1% 10.0% 16.6% 1-day
    08/15/13 -51.6% -282.6% -58.4% -51.0% -46.4% -47.9%
    08/16/13 -91.6% -44.4% -57.5% -82.9% -50.5% -35.2% 5-day
    08/15/13 -17.2% -2.6% -5.2% -6.7% -11.1% -10.9%
    change rate
    08/16/13 -31.5% -39.2% -38.5% -42.4% -43.5% -37.3% change rate

    Details of “Dly Sht % of 'sells'” and inflection points omitted here.

    Aug 20 09:08 AM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 228: April 16: Axion Power On Panel At Energy Storage Economics 2.0 For New York City And Beyond [View instapost]
    Dlmca: I may be naive, but I think that sharing has two beneficial effects. 1) It gives us who are not as experienced in the matters - notably myself - more information to chew on and 2) if he's serious about trying to have an effective investment, letting others hear his thoughts may bring about a beneficial effect, from his POV, that helps success come.

    He's presented them factually as his opinions, identifying what he bases his thoughts on.

    For me, that is no cause for criticism, which I realize you did not offer, and is appreciated by me even if I had enough knowledge and experience to disagree.

    Besides, someone asked!

    Apr 19 04:35 PM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 91: April 24, 2012: History Repeating? The Chart Pattern Before The 2011 Run And Now. [View instapost]
    "Axion Power Receives Initial Norfolk Southern Order for PbC® Batteries"

    "Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern's NS-999. The total purchase order will be shipped and deployed in the next 90 – 120 days. To date, this is the largest single PbC battery order that Axion has received. No further details were disclosed."

    Apr 26 07:41 AM | 20 Likes Like |Link to Comment
  • Axion Power Concentrator 340 June 06 '14: Definitive Reverse Split Consent Solicitation; Q1 '1 CC Transcript & MP3 Available; Q1 '14 Filing Released;Axion Receives 4 Powercubes Order [View instapost]
    Exactly NGS!

    Troll or not, there's apparently an agenda. The route apparently goes through discrediting JP, the management, ...

    Why bother to respond? If he's a paid troll, responses feed him.

    Jun 9 11:21 AM | 18 Likes Like |Link to Comment