Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
-
Instablogged Stocks
Stocks that instabloggers have most recently written about -
Latest Instablog Posts
-
1
U.S. Futures Budge Higher; Asia, Europe Mode...
-
2
The Morning Call--Are 'Profits The Mother's ...
-
3
Portfolio Update 5/20/2013
-
4
TNR Gold - McEwen Shifts Course At El Gallo ...
-
5
May Strategy Review (NOV), (PNC), (HD)
-
1
-
Top Instablogs
See all Top Instablogs »
Axion Power Concentrator 116: June 17, 2012: Axion Confirms 2012 Annual Meeting Of Stockholders 220 comments
These instablogs and the people who maintain them have no relationship whatsoever to Axion Power International. To our direct knowledge no person with a current relationship to Axion Power International other than being a shareholder participates in these instablogs.
--------------------------------------------------------------------
Axion Power Shareholders' Conference: June 21, 2012
--------------------------------------------------------------------
Axion Confirms 2012 Annual Meeting of Shareholders
--------------------------------------------------------------------
Bottom Feeder's Alert: provided by JP
I've recently learned that 2 million shares that were held by the Mega-C Shareholders Trust are being turned over to the Bankruptcy Trustee.
The Court Order requiring the turnover of the shares was signed on June 1st. -
dl.dropbox.com/u/26257506/6.1.12%20Turno...
I expect the Bankruptcy Trustee to start selling as soon as the shares are deposited to his account.
I don't expect him to be gentle and there will probably be some pushing and shoving around the pay window until the shares are sold.
I will not be surprised if the Bankruptcy Trustee's selling puts unexpected downward pressure on the stock price. Since the order requires the shares to be delivered to the Bankruptcy Trustee's brokerage account, I do not expect the sales to show up in HTL's short tracking data.
I have not heard back from my contacts who are trying to find out how many shares remain in the hands of other willing sellers, but I expect the Bankruptcy Trustee to create a great short-term opportunity for bottom feeders who understand where the shares are coming from and why.
It's not often that individuals get advance notice of an opportunity to buy stock in a bankruptcy sale. Happy hunting.
--------------------------------------------------------------------
Axion Power's Weighted Moving Average Price and Volume:
(updated June 17th)
(click to enlarge)
Concentrator Comments: 20,000 comments surpassed on June 1st!
(updated June 17th)
(click to enlarge)
---------------------------------------------------------------
LINKS to valuable Axion Power Research and websites:
The Axion Power Concentrator Web Sites created by APC commentator Bangwhiz it is a complete easy-to-use online archive of all the information contained in the entire Axion Power Concentrator series from day one; including reports, articles, comments and posted links.
Axion Power Wikispaces Web Site, created by APC commentator WDD. It is an excellent ongoing notebook aggregation of Axion Power facts.
Axion Power Website, the first place any prospective investor should go and thoroughly explore with all SEC filings and investor presentations as well as past and present Press Releases.
Axion Power Chart Tracking, HTL tracks AXPW's intra-day charting.
--------------------------------------------------------------------
Be sure and either follow the Axion Power Host ID on Seeking Alpha or click the check-box labeled "track new comments on this article" just ahead of the comments section!
--------------------------------------------------------------------
WARNING: This is a troll free zone. We reserve the right to eliminate posts, or posters that are disruptive.
Enjoy!
Disclosure: I am long AXPW.OB.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
Share this Instablog
This post has 220 comments:
http://bit.ly/Mijibq
Anecdotal for sure, but something to watch, and one more reminder about why it takes so long to develop and test these systems, and the risks the automakers routinely face when introducing significant changes.
Many people driving cars are distracted. Distracted to the point where some don't consider the driving to be the primary task. They are kind of on auto pilot. Take an occurrence where they are visually focused on another task and throw a non standard event into their visual field and not only does their response time lag but they will often over react in doing the right action or worse.
A good example of how the automakers are trying to help in this area, and there are many others, is the vibrating seat from Cadillac whenever the back up sensors detect an object in the way. Can't use audible because the music is blasting. can't use visual because the driver is looking in the rear view mirror or over their shoulder.
Just some thoughts on how this vehicle response change during deceleration could really cause problems for people. Especially if they are not focused.
Remove the predictability and we have both a harder time smoothly doing what we intend and slower and/or inappropriate responses even if fully attentive.
Just one of the difficulties of implementation of all the technology.
Predictability is necessary for the operator.
HardToLove
In this case it would appear that the original goal (invisible regenerative braking operating seamlessly in the background, regardless of status) was not achieved.
Maybe BMW needs to go back and tear apart a few more Toyotas?
Even though I was alert for this, I took the wrong path. S/B "of the braking effect,".
Of COARSE, I couldn't help myself! :-))
HardToLove
Dateline Santa Monica: "Irving Greenshoes was killed today while driving at a high rate of speed and using the user touchscreen in his Tesla Model-S to a comment on an unidentified internet blog that offended his sensibilities. Due to the time savings associated with an ensuing battery pack fire, his cremains will be released upon the ocean this Sunday, between volleyball sets."
LOL
I guess the active screen area is about 1x1 inch?
I can kind of understand how what they are describing might happen. Adjust the dynamic braking on a level surface and reduced deceleration would feel like acceleration (It's not "normal"). Do it on the right grade and you'd actually accelerate. Not saying this is exactly what's happening but with the data I can gather from the posts it's a good guess.
This could be perfectly normal and safe if the driver understands it. If not all kinds of unintended reactions could follow.
As an example. Older guys like myself experienced the transition from rear wheel drive to front wheel drive. Quite a bit of difference on how one handles braking and steering issues in less than good road surface conditions. Can you imagine what would happen if we large scale went the other way. It's much easier for an amateur driver to handle front wheel vs rear wheel drive. Just to make it interesting we'll take away ABS at the same time! ughh.
Again. Thanks for the link!
Interesting how low temperatures interacts with this effect.
Maybe that's why they want carbon fiber. They can use a structural component as a load! (Obvious humor but I'd check the resistance and possibly use it if it was conductive and consistent.)
Apparently Tesla does this quite successfully as drivers don't notice jarring transitions (something they SHOULD get right at that price!)
While this would be great news for Axion, I can't imagine BMW wanting any news getting out until close to product-release time in order to stay well ahead of their competition. A long delay in release time for such news is not helpful for Axion.
A time period mentioned for vehicle release was 2013-2014. If there were a new vehicle designed around PbC technology, anyone have any ideas for a BMW news release that might help Axion?
I thought they should have done consumer UPS/wind/solar more aggressively myself. But then I'm looking in through a well etched window.
Back in the 80's, I owned an Audi 5000 Turbo S, and had heard about the widespread sudden acceleration issue through 60 Minutes.
One day, as I was driving down a winding Pittsburgh hill, and suddenly, my car took off and the RPMs jumped to over 4500.
I was lucky having just seen the 60 minutes special on Audi. I immediately realized what was happening and applied the brakes, and basically only used the brakes, uphill, downhill, or on the flat, for about 5 miles to my buddy's gas station.
I pulled in, parked and left the car running...churning. Donny, my high school chum and mechanic, was also aware of this developing problem, and scrambled across the street to his father's house, a local judge, and borrowed his mailbox-sized video camera.
He returned. We turned the car off, and then restarted it. Through the rear window he aimed the camera at the tachometer, and sure enough, within a minute or two, the tach shot back up to 4500 RPM, with nobody inside.
I left the car at his shop, and upon returning home, I called Morely Safer of 60 Minutes. Immediately, I was put in contact with his personal assistant, and after a minute or so, she said she had spoken to Morely, and was told he would be shortly calling me.
Later on, the assistant called me back, but because legal considerations -- that Audi had already begun a law suit against 60 Minutes -- Morely could not talk to me after being advised by 60 Minutes attorneys. The Assistant did (strongly) advise me to retain the VCR tape.
My Audi was towed for free to the local dealership where some part was installed that would prevent my Audi from running away "underfoot."
I would not bother to relate this story, except that it is important for all to know that this sudden acceleration story creamed Audi sales for a long time.
The sad part of this is that if BMW is experiencing issues with sudden acceleration from the regenerative braking system, this "could" be very bad for Axion Power, in that it has nothing to due with the performance of the PbC, but rather that because this issue is occurring, BMW will be forced to fix it before more of them get onto the market. BMW cannot afford to have happen what happened to Audi.
Bottom line, if sudden acceleration is occurring, this could be another cog in the PbC coming to market anytime soon with BMW.
Sorry folks, but in this column we tell it as it is, or how we see it, and I most definitely am not enjoying learning of this potential emerging problem BMW may be experiencing.
It's critical to remember that regeneration in micro-hybrids is limited by the size of the starter-generator and never gets much above 1 hp. Even the second generation micro-hybrids won't get much above 2 hp.
Everybody refers to it as regenerative braking, but the reality is closer to opportunistic charging.
Hybrids, in comparison, can generate 80 to 100 hp of power with no sweat.
Sometimes it's nice being small, simple and designed for the masses.
My mechanic had a quite justifiable nickname for my Audi: "Audi-get-rid-of-it."
In this situation, you could be coasting with your foot not applying significant pressure to the brake pedal when the regenerative breaking turns off because the BCS determines the battery can't accept anymore charging. The vehicles rate of deceleration would decrease, but you would interpret that as positive acceleration.
In another situation, you could be applying brake pressure, but than the regenerative braking turns off. Once again, your rate of deceleration would decrease, and you would sense acceleration while your foot was exerting relatively constant pressure on the brake pedal. I would find that sensation highly disconcerting. That could cause the driver to sharply apply brake, and in adverse weather conditions, that could result in a loss of control.
There are several ways to deal with the issue, but there are some trade-offs present. For example, the BCS could be programed to modify the charge rate as a function of the batteries charge level. I think the PbC has an advantage here because it should have a wider charge rate window of operation. The key seems to be the allowed rate of turning off the regenerative breaking based on the batteries condition.
As you've already suggested there are a few ways to manage it but it's at the cost of efficiency. Engineers might have been a little overly aggressive since the window sticker number is very important and they would not suffer from the same surprise factor since they well understand what's happening. In the end the safety of the occupants is going to have to be managed.
I suspect they are assessing it aggressively as they don't want to put "Ralph Nader junior" in front of the camera. Perception can be a bad thing so they will not wait too long.
"The only thing that interferes with my learning is my education." -- Albert Einstein.
Sometimes it is a good thing being wrong. :-)
I'd think it would be an easier transition in a controlled environment with professional bus drivers than it would be in the passenger vehicles market. Good reason why they at least do some level of fleet testing for passenger vehicles before launch.
our Ecoult friends on the Wind Side:
"Australian wind project links battery with weather algorithms"
http://bit.ly/KuJiTU
Solar side:
http://bit.ly/LTjKxY
"We can ‘fix’ intermittency. With knowledge and tools, such as solar forecasting and energy management, CSIRO can provide the information required to manage solar intermittency.
We need a customised approach. There is no global consensus on managing solar intermittency. It is not uniform and different sites, regions and countries require individual solutions. Local research and demonstration pilots are required. Australia has a unique electricity network and we need unique solutions.
We need a highly flexible electricity grid. If large amounts of solar energy are to be used as a power source in the future, the electricity grid has to be designed or adapted for renewable energy sources, while keeping network costs low."
[contains a link to the entire report, which I haven't read]
http://seekingalpha.co...
Did you decide to make an appearance at AABC Europe? If not, will you be receiving feedback from others?
As noted in APC 111, it seemed that some key presentations relating to how automakers see battery tech deploying in next gen heavy and light micorhybrid settings (higher voltages etc.) would be given in Mainz on June 21st.
Thanks
JP comment 16174, APC 111
It is primarily a lithium-ion love fest, but this particular segment is all about here and now instead of somewhere over the rainbow.
I'm checking to see if I can get a press pass for the 21st and think it might be worth a trip North since I can't go as far west as I'd like.
On the sites I moderate, I treat the term "troll" seriously, but I also look back over the history rather than just the individual complaint... And I give the complaining author the benefit of the doubt.
The key is that once they've required you to filter IP addresses, you're ticked off and determined to 'win.' Sure, they can mess around with IP spoofing, but having all their posts disappear every time you log on seems to be pretty disheartening.
At that point you're left with one or two types of people. The super emotional who flames out in a blaze of glory (and gets caught fast for language usually) and the bored nerd who takes joy in just barely squeaking past the filters. It's really the latter that racks up thousands of JP-bashing posts before they get banned, and while it does muddy the waters, they have to stay on the "allowable" side of the filters to meet their trollish goals so disruption at least doesn't get ridiculous (by some social standard).
"The more subtle individual is able to spread his contamination widely over the site, and still pretend to be hurt and dismayed when someone challenges him. Its not the first or second time he plies his trollish trade, but the 50th, the 500th..."
They appear to be the most insideous, and many well intentioned commenters who don't read "between the lines" tend to focus on the John's frustrated retorts versus the trolls intended misinformation or lure authors to waste time off on tangents.
I guess the price of authoritative and somewhat sophisticated subject matters.
Take a look at the repeat negative commenters who might appear as trollish.
When their profile appears new and the profile does not cite at least relevant career history of the subject matter, the flag should go up.
I also believe there is an increase of hidden agenda in more commenters.
When ideologies become religions, they naturally attract zealots, fanatics determined to force the "one true vision" upon the rest of us, preferably by co-opting the police powers of the State to do most of their dirty work.
If anything, I am far less patient than JP with this group.
# Trds: 44, MinTrSz: 100, MaxTrSz: 30000, Vol 210011, AvTrSz: 4773
Min. Pr: 0.3010, Max Pr: 0.3400, VW Avg. Trade Pr: 0.3192
# Buys, Shares: 34 187161, VW Avg Buy Pr: 0.3203
# Sells, Shares: 9 17400, VW Avg Sell Pr: 0.3077
# Unkn, Shares: 1 5450, VW Avg Unk. Pr: 0.3200
Buy:Sell 10.76:1, DlyShts 73800, 35.1%
HardToLove
HardToLove
http://bit.ly/NKc4kf
"For example, solar photovoltaic power causes operational concerns related to maintenance and voltage regulation. Most PV inverters cannot adequately regulate voltage, according to Torre, and as a result, there tends to be higher voltages on the distribution system.
...
Renewable energy companies are stepping up to the plate with technology that addresses integration issues. For example, Siemens' 3.6 MW SWT wind turbine provides frequency regulation, over and under frequency and ramp control.
In addition, Petra Solar's smart energy solution includes automated ramp-rate management that reduces voltage disturbances through controlled return to full power.
"These solar systems come with a technology called GridWave, which is essentially a smart grid technology integrated within the solar system itself," says Asmus. "When the cloud cover goes away, instead of a really steep ramp-up - which would cause problems for a utility such as San Diego Gas and Electric - there's a much more gradual ramp-up.""
"It was unreasonable for the Chinese government to ignore market demand and not include low-speed electric vehicles when making a plan for developing the new-energy automobile industry over the next eight years, a renowned automotive industry expert in China told a clean-energy vehicle forum Saturday in Beijing."
"The government is actively installing recharging facilities across the country and pushing for the development of high-speed, long-range but much more expensive electric vehicles. But it has never come up with a standard for developing low-cost electric cars that run at up to 70 kilometers an hour on lead-acid batteries, and could be commercialized based on current technologies and market demand, said Guo."
http://bit.ly/LVWzD8
And if you could just figure out a way to increase the life of those, ughh, cough, choke, grimace, (whisper) "lead acid batteries" .
Nah, nah, nah, everybody knows, lead is dead.
Overall, Bernstein is forecasting a 21% SUV share in China by 2015. It looks like the Chinese want to become more American than the Americans.
And darn if they didn't finally discover they were right about something.
http://bit.ly/LrO45p
http://on.wsj.com/LWceSM
Gas-to-liquids plants would produce liquid transportation fuels suitable for distribution through existing infrastructure and far less new NG infrastructure would be needed to deliver NG to GTL plants than needed to upgrade regional and local distribution lines to supply NG to local distributors. The need for compression equipment would disappear as well as the added expense for NG vehicles.
Amazing how this build up has been over the past 3 years and now many people have an epiphany...politicians slow to react to use it at least as a bridge source.
Too bad no battery talk in the overall report!
http://yhoo.it/L92k3r
####
I still see zero evidence of the 2,000,000 shares coming to the market.
Anything is possible. But relative to the shares held in the shareholders trust. I'd think they'd avoid them like the plague. After what they've been through in litigation I don't think they'd wish to risk any opportunity for this to be viewed as an impropriety.
Holders of more than 5% are required to file quarterly or annual holdings reports on Schedule 13x, but are not required to report transactions.
The shareholders trust was not subject to either requirement and neither is the Mega-C bankruptcy trustee.
Enersys view on lithium ion for fork trucks.
http://bit.ly/KXTVJT
I have to admit loving the part that said "One of the problems for lithium ion in the lift truck battery market is cost,” he told me. “I’ve heard anything from five to seven times the cost of a flooded lead acid battery would be required to purchase a similar lithium ion.”
"7UP was created by Charles Leiper Grigg, who launched his St. Louis-based company The Howdy Corporation in 1920.[1] Grigg came up with the formula for a lemon-lime soft drink in 1929. The product, originally named "Bib-Label Lithiated Lemon-Lime Soda", was launched two weeks before the Wall Street Crash of 1929.[2] It contained lithium citrate, a mood-stabilizing drug, until 1950.[3]"
http://bit.ly/MiwkHW
Did some D.D. on this when looking at PLUG who uses hydrogen fuel cells. Thanks to this site, asked "Why were the big boys, (P&G, Walmart, Sysco, etc.) going with a small company that is bleeding red-ink and admits it needs to reduce its material costs to be an ongoing enterprise?". Two answers found were 1) in getting rid of the batteries they were using, they got rid of large charging rooms, and 2) the lead batteries used took time to charge during a shift, meaning down time in man hours. Their "Plan B" might be as simple as a willingness to pay more for the cells to ensure PLUG's survival or find a second supplier. Don't really know. But it is clear that when this many pedigreed companies were willing to take such a leap of financial faith, battery technology, both lead or lithium, is not what the industry wants for a standard.
Also, how do say "Hang a pork chop on ugly baby" in Chinese?
http://yhoo.it/M2xJ6M
A certain author we know should enjoy the line "...While plans to construct charging facilities for electric vehicles would support the country's demand for a raft of base metals, including copper."
Interesting. I know BMW was working on this years ago and quit when one of their techs got killed when they had a failure.
http://engt.co/LWJTvR
Here's something I found interesting;
"Over the last five years, an important trend in the U.S. freight railroad industry has been the introduction of "GenSet" locomotives to reduce fuel consumption and air pollution. While a proven technology, widespread use of GenSet locomotives has been slow due to high capital costs compared to the older-technology locomotives that they would replace. A new GenSet locomotive is approximately six times more expensive than the cost of a traditional diesel locomotive in rebuilt condition."
http://bit.ly/NKK5B0
Six times more expensive .... WOW! I believe that is the first time I've seen this estimate. Compare that with NS saying that NS999 is approx the same as a rebuild. If NS can get those demonstrators out there soon Axion stands a chance of picking up another 150 switchers in either BEV or GreenGoat configuration and start rebuilding those 175 units already out there in the next 5 years. I'm guessing this could hit Axion's revenue stream ahead of autos.
I do wonder if something like this might get into the competition soon. I can see it as garnering some favor with the mechanical types in lieu of batteries.
http://bit.ly/MmqJOZ
http://bit.ly/MJvKiH
http://bit.ly/PeJyWg
Looks good as new.
You can safe a lot using the old chassis and using a second tier shop with lot's of work horses. Just keep em busy because they are expensive if you don't have something for them to chew on. Of coarse when you have all the loco's in action and you also do occasional work for others it's not so hard to keep em busy.
Below is an alphabetical list of some of the thousands of global battery manufacturers, joint ventures, distributors, and major dealers with some of their brand names, trademarks, private labels and contact information. The battery manufacturers are in bold type. Ownership, supplier contracts, branding, and contact information are subject to change.
http://bit.ly/KOuKLw
What I found interesting is that Axion Power was not listed in the huge global list, but "New Castle Battery Manufacturer" was.
Curiosity: I checked the phone number against Axion's and it was a different number, but the same area code.
Huh? Maybe this list needs to be further updated?
http://bit.ly/NKPZ5i
"It's a baffling disease," said Dr. Goodwrench. 'Perfectly normal people suddenly start spouting complete and utter gibberish for no apparent reason. It's clear that they, themselves, think that they are making sense, but their sentences are disjointed, logic non-existent and they seem to jump from topic to topic with no regard for context or continuity or common sense."
The Centers for Disease Control are taking a long hard look at the matter. "It's a serious problem," said Israeli professor Telly Prompter. "It appears that when certain key words like 'Tesla,' 'Musk' or 'EV' are uttered, those afflicted with this debilitating ailment simply lose touch with reality and start to mindlessly ramble on and on and on about unrelated matters. It's similar to a psychotic break -- only it's a lot more boring."
"There's only one known cure for Internet Tourette's," opined government guru, Manny Petty. "Step away from the keyboard and shut down your computer. Just. Step. Away."
http://bit.ly/NKU6y0
I'd love to see a list of campaign contributions, back then, and now.
http://read.bi/NKXeKm
I think his dominant hand, although it was off camera, might have mimicked the yield curve you just posted. :)
In all fairness, He did say that as long as the region was deleveraging he'd stay on the sidelines. Emphasized some silly thought about representing his clients and wanting his capital back.
"Stepping up its game for the coming year, the limited-production 2013 BMW Alpina B7 is scheduled to arrive in showrooms here this summer boasting more of everything that makes this special-order sedan the current king of the 7 Series hill. Set to make its public debut at the Pebble Beach Concours d'Elegance in August, the subtle but effective changes make the new Alpina B7 quicker, faster and even more luxurious while retaining all of its hand-crafted character and exclusivity."
"While BMW has made no mention of specific efficiency gains, the engine also is fitted with the automaker's Automatic Start/Stop technology. That feature, coupled with Valvetronic, is expected to yield a 20-25 percent improvement on the V8 in the baseline 2013 BMW 750i and a similar benefit should be realized here as well."
http://bit.ly/M1Rxas
This is especially potent at part-throttle settings as frequently encountered in low-speed driving and acceleration such as is common in city driving.
HardToLove
HardToLove
http://bit.ly/LXho0Z
HardToLove
"Bmw to soon launch its sixth generation 3 series in India"
http://tinyurl.com/cyp...
HardToLove
"A123 System's New Battery Won't Stave Off Bankruptcy"
http://seekingalpha.co...
HardToLove
That produced reasonable but not complete results and made the search engine include all the individual APC's without having to enter all the individual URL's For instance, when he searched on a term he used in APC 114 and it didnot find the term in APC 114. It did find the same search term in a number of other concentrators, but again not all. Unfortunately this is a Google issue. They have quotas on how many reindexes they will do including updates. Then I discovered why so many re-indexes were being triggered.
There is an unfortunate feature within all the APC concentratror's web page structure. Near the right hand top it displays the most recent comments. This section is updated as new comments are made. Tecnically, if a Google spider checks for page changes EVERY APC instablog is constantly changing. Pretty soon Google says to hell with it and stops indexing. It creates a zillion pages in their indexes of all the APCs where the only difference is the "most recent comments."
I tried to decide if there was anything I could do to prevent this, but there isn't anything. That's unfortunate, but there is nothing I or we can do about it. I posted this to give all a "heads up" and thanks to WTB for pointing out the issue to me. It is still a useful search tool but not up to the quality I expected.
http://bit.ly/LyumBP
and utilities:
http://bit.ly/M9KHMm
nothing residential yet.
both are located under "Industries Served" and then "Presentation"
# Trds: 23, MinTrSz: 100, MaxTrSz: 10000, Vol 79382, AvTrSz: 3451
Min. Pr: 0.3052, Max Pr: 0.3449, VW Avg. Trade Pr: 0.3356
# Buys, Shares: 17 53771, VW Avg Buy Pr: 0.3385
# Sells, Shares: 6 25611, VW Avg Sell Pr: 0.3295
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 2.10:1, DlyShts 5000, 6.3%
Watch out for sideways or downward price movement. Last three times daily short percentage was down in this range in this down trend we had sideways or downward price movement. I suspect this is because the market-maker(s) already have shares in hand, either shares backing prior sell orders entering or shares placed at owning brokers, at a low price and can sell at lower prices and still profit.
However, going back one more occurrence, when we were at elevated prices (low/mid $0.4x early April) coming off an uptrend, we did up and sideways for a few weeks (see chart in my instablog). That period was characterized by (what appears to be) more stable trade sizes, on average, and more stable buy:sell ratios. Daily short sales were also more stable, albeit declining slowly.
Our current situation includes highly unstable average trade sizes, buy:sell ratios and daily short sales percentages. It has broken the pattern of the prior huge daily short in both average trade size volatility and the price action. So I don't look for relief any more from similar behavior.
Having said all that ...
We hit an apparent bottom in VWAP, in conjunction with an absolutely horrid buy:sell ratio, and have two consecutive days with VWAP rising and buy:sell gravitating towards "normal", although it is still very volatile these last few days.
Ignoring the knowledge that Quercus has filed a new Form 144 and that we suspect the Mega-C trustee may have 2M shares to unload ...
On the more-traditional TA front we had a relative "volume spike", often indicating a trend end, 6/12. This at the same time as price bounced off *two* trend support lines, one flat and one rising. Subsequent days demonstrated volatility in many respects, suggesting a change is in the offing. We also penetrated and closed above a medium-term falling resistance and are now pushing hard against a very short-term falling resistance at ~$0.345.
But with volume falling off, I have to call it near-term consolidation ATM with no ability to have confidence that a trend in either direction is about to "bust out all over".
This is reinforced by the oscillators I watch being mixed - a couple showing early signs of moving towards bullish but most neutral ATM.
My feeling is slightly bullish with another attempt to move towards that almighty $0.37 again, just like we did last time I had this feeling (*IIRC*) and we hit $0.38 5/29 (spent the week around that day hammering just below $0.37) before falling back again.
As always, we need to see some stability with a grind up, IMO, to bring confidence to folks that might be considering long position entry or additions.
Experimental, n00b, as always, MHO
HardToLove
http://bit.ly/LBUj1P#!
http://bit.ly/MmEKOx
http://bit.ly/NeDfm0
Jun 19, 2012"
Order 745.
http://bit.ly/LBY1Zo
Note this is demand response, not frequency response which is more related to Order 755.
Speaking of 755, here's I think the latest (June 15) PJM presentation on that:
http://bit.ly/MDp5dq
(actual link, will probably be trashed, but for the record, here it is:
http://pjm.com~/media/committees-gro...
)
The Army plans to take acquisition actions on its first four "utility-scale" renewable power facilities within the next few months, taking spare land on its installations throughout the U.S. and using it to generate power that will make the bases more energy independent, officials said Tuesday.
The schedule is subject to change, but if all goes as planned, the Army will make acquisition decisions for all four large solar installations by this October. The sites are at Fort Detrick, Md., Fort Bliss, Texas, Fort Irwin, Calif., and U.S. Army Garrison-Hawaii.
"When completed, these projects are going to represent over 100 megawatts of power, moving the Army 10 percent toward its one gigawatt goal," said John Lushetsky, executive director of the Army Energy Initiatives Task Force (EITF)."
http://bit.ly/MDqLU4
The 2mil BK shares are sure taking a long time to get to mkt.
JP ought to be able to use this somewhere.
http://bit.ly/LC1erK
HardToLove
Now why would they want a scientist in the room telling them silly things like facts when they can just make them up to meet their own agendas?
I wouldn't be surprised, but I don't know of course.
HardToLove
If so, and their isn't any (which would be my bet) then we might tail off nearer back to where we were. Not "dissing," just talking about the odds, and the consideration that we mainly deal with "Big Boys" that tell us what and when we can announce news.
Speaking of the meeting, can someone tell me how long is likely allowed for questions? I know there are certain official things that have to happen, and of course some prepared remarks, but I don't have a good feel for the rest of the mechanics or the total time likely to be allocated.
The selling pressure we had is currently gone. That's my guess for the reason that we're up the past few days. When the sellers are gone, we seem to bounce up rather quickly. Unfortunately the sellers have always returned since I've been following the stock. Eventually, they'll be done. Eventually.
Look and feel that managers know where to go and they are doing things right, the above results in satisfaction and tranquility.
Have a nice day.
Carlos.
Certainly hope a lot of demand overcomes those things, and more, of course.
well here's a nice sugar-coated bit of cold truth...
Do you have to blame Reps for folks that shoot their friends too! ;-))
HardToLove
Couldn't even bag a lawyer at close range with a shotgun on a baited field.
People need to remember how little will change in spite of outcomes and government will continue to work near 90% efficient for those that matter.
http://bit.ly/L1O5qR
ITF analysis finds that societal costs for electric cars and vans range from €7K to €12K more than fossil-fueled equivalents
http://bit.ly/MnocWt
Thanks, love the electric car link. (ITF analysis)
Whats most exciting about electric cars to me is the following:
"In ITF’s analysis, electric passenger cars under typical use scenarios emit about 20 tonnes less CO2 than their closest fossil-fueled equivalents, translating into a societal cost of around €500 to €700 per tonne of CO2 avoided"
I was excited to see a Mitsubishi MIEV charging by my bus stop this morning! Of course I ride the bus because it does not cost me extra but rather saves me money to reduce my carbon footprint in that way. Plus, the bike ride to catch the bus improves my health while sitting (in a car) is bad for me.
The report does a good job of pointing out that an electric car is not an apples to apples replacement for an ICE-it has different strengths and saves money mostly only for those who travel the most and can cycle the battery frequently.
http://onforb.es/HWRJ9h
The full OCED paper (40 pages) is here - http://bit.ly/L1TNJg
D Lane, Just makes sense. If you're buying a machine that uses less energy but costs more you'd want to put the more energy efficient machine in a place where the utilization rate is the highest all other things being equal.
IIRC, Joe Picarelli was a trustee. Why would he sell these cheap shares that he received for basically services rendered, especially when he is one of the people who not only believes strongly in the PbC, but also has as good an idea as anyone outside of New Castle as to what/whom/the markets, sectors, etc, Axion Power will be eventually selling to?
If the court did not order the shares to be sold, then there should be no impropriety toward any trustee electing to keep the shares.
####
Hopefully, what I wrote above conveys some sensibility. Just home from getting twice as much endodonic surgery as I expected when I walked into the office. Which cost me twice as much.
Ice on then off every ten minutes for the next six hours...and I hate painkillers, but they will be shortly taking effect.
I WILL still be making the meeting, but that Crown Rack of Lamb will not be on my menu at the Wooden Angel; docs orders. Rats!
The Bankruptcy Court ordered Joe Pic to turn the last 2 million shares over to a Las Vegas law firm that's been acting as the Bankruptcy Trustee for the Chapter 11 case and wants cash to pay the costs of the Chapter 11, which are primarily fees due to the law firm.
If Joe Pic was making the decision, there'd be no worries. Those $%@#& lawyers in Las Vegas are another story altogether.
Before you ask, they're not on my Christmas Card list.
At what price were those shares originally purchased? Certainly far higher than what they are going for today. If the trustee(s) elect to keep those shares based on the premise above, they then could hold on to those shares, hope for a share price increase, and still get a handy tax write off toward year's end.
Talk about a win/win scenario....
Law firms love owning companies, stocks, etc., with the upside potential Axion holds. Certainly they know about the June 21 SC. Certainly, they know about Norfolk, BMW potential, along with Ford, GM, and other European OEMs, as well as the Navy, and maybe on Thursday, we'll learn about the Army buying some PbCs, too.
I suspect that is why we haven't yet seen evidence of liquidation. Maybe, we will see some post June 21. But if we don't, then we can assume those shares have become clenched in a fist like most of us Axionistas.
(A cheeky-cold idea!)
No, they are out as soon as possible. Good riddance.
Funny about the law firm. Companies HQ'd in NV are a red flag to a lot of investors. My old partner wouldn't invest in any stock HQ'd there. Sometimes applied to Boca Raton, too.
The scenarios all of you present still are not convincing. What court in our land would state that there is inpropriety, or a conflict of interest if the Vegas law firm decided to hold onto the shares because the partners thought it was a good investment; maybe a 1000% return, rather than dumping them quickly, and therefore lowering the potential gain. They must know 2,000,000 shares dumped quickly will reduce their profit. They must know the daily trading volume. Exactly what is the downside of them holding on for a while? 10%? 20%? Versus a potential 500% or a 1000% in a year or two?
That's potentially $6,000,000 dollars versus about $600,000 or $700,000 today!
Lawyers are lawyers, and they not only look after themselves, but also the partnership's bottom line. Further, it's highly doubtful some Vegas law firm is retained by any of the major battery makers.
Hell, maybe as many as six investors, all lawyers, are Axion Power share owners because of me and my predilections.
I've never met a lawyer who didn't enjoy a good game of gambling, poker, on the golf course, race tracks, and most important, the market. Good lawyers are fantastic at risk evaluation.
You guys may be right. But so I might be as well.
The lawyer fees are denominated in dollars, not shares. They do not care if everybody else loses, they still get their their fees. The do not care about the value of the stock; they have no incentive to maximise the stock price. If the investors they are "representing" get screwed, so what?
http://bit.ly/Ld7H1D
http://bit.ly/Md3CWC
XIDE had a big move today--up 25 cents on 1.5x aver vol. Congrats to those who bought in the 2's.
Israeli firm unveils "smart" power storage system
http://reut.rs/PnFymv
Am anxious to see specs and price point of residential PbC.
The same size unit for PbC would be +-8 batteries if operating PSOC?
If the price of the batteries would be $500 each (WAG as smaller order than NS) Then that would be $4,000 for batteries, plus electronics. What might be the price of electronics?
Given a nice margin of profit for Rosewater and Axion, (not sure if Axion makes profit on more than batteries if Rosewater is assembling - but not sure about details here), could the RPbC come in at under $25,000?
As a reference point, Outback Power Systems make high quality inverter systems about this size for about $2-4000 at retail. Add in another $1000 for cabling, racks, and ventilation. I guess 5 hours of assembly labor. Installation, transportation, taxes, permits ignored.
(14*500) + 4000 + 1000 + (5*50) is c. $12,000.
Looks like a potentially profitable opportunity
http://bit.ly/Hvy7nz
Nice to see Axion get such a positive write-up.
Interesting that they would write that "supercapacitors combined with advanced lead acid batteries work well,......"
but they consider it a too high cost option. Also interesting that they believe an AGM battery may be sufficient for lightest of micro-hybrids.
"AGM batteries provide up to 10 times the power of conventional batteries at a cost of a few hundred dollars more." Not sure how this is measured or true?
"Elegant" when describing the PbC design. Agree, black can be very chic when accessorized with an alternator and water pump. However, I would be happy with exorcist green as long as it works and we get sales. ;)
Hopefully, they will be represented at the SC.
:)
HardToLove
Must be some new way to push/force content?
They've owned Axion for awhile now. We've seen these reports at least once a year for the last couple of years. Good to see they haven't given up on the company yet.
# Trds: 71, MinTrSz: 100, MaxTrSz: 18400, Vol 304080, AvTrSz: 4283
Min. Pr: 0.3300, Max Pr: 0.3500, VW Avg. Trade Pr: 0.3479
# Buys, Shares: 55 231050,VW Avg Buy Pr: 0.3486
# Sells, Shares: 16 73030, VW Avg Sell Pr: 0.3457
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 3.16:1, DlyShts 159006, 52.3%
First I want to note that the average trade size is likely much larger than indicated as there were several occurrences of multiple trades in the same second at the same price, or in adjacent seconds at the same price, that I would judge as a single bid or offer entered that the market-maker needed multiple steps to fill (supported because they totaled up to "round numbers" too). With a conservative cursory consolidation of these (only considered trades in the same *reported* second), we'd have 5,154 as the average, 20% larger. Of course, there were others largely more fragmented time-wise that I wouldn't recognize.
The *unadjusted* 10, 25 and 50 day averages are 5326, 5475, 5212 respectively. Even the unadjusted 4283 for today is pretty much smack in the "normal" range.
Volume was well above the 10, 25 and 50-day averages of 226K, 262K and 277K respectively. The 10-day average volume is starting to make a run at crossing above the 25-day average, although it's still very choppy and we can't rely on a continued ramp up yet. But it is within spitting distance.
Buy:sell (76%) still holding strongly to the bullish side, exceeding averages for those same intervals of 56%, 53% 50% respectively.
Note that daily short sales are up again - just like last time we got in this price range around 6/6.
I've got to put my "similar to 5/19" scenario back on the table after looking at my experimental charts. Although there's a little difference in the intervals, the patterns are remarkably similar, including such things as a second "spike", to a lesser degree in both cases, in daily short sales.
Further, the 10-day average short sales percentage is apparently shortly going to be below the 25-day average, just as it was shortly following the 5/19 short sales spike.
I don't believe we'll see the low-$0.4x area yet on this leg up - we know we have folks dumping at $0.35 and we are starting from a lower price level. But if this is the cycle during which we exhaust the last of those shares, we could move further than I think.
On the traditional TA front, we closed right at that very short-term descending resistance on relatively good volume. If we can close above $0.35 with continued improvement in volume we would normally proceed to $0.37 without much trouble. The "flippers" at $0.35 are the fly in the ointment for now.
Most of the oscillators I watch are still neutral but a couple are strongly bullish. None are suggesting a bearish move ATM. The overall configuration is still one of too early to say a trend is in place.
With known resistance points every two or three pennies I guess we shouldn't be surprised at this.
HardToLove
"Electrochemical energy storage systems of the future"
http://bit.ly/Ps3IfB
We're not on Gilligan's Island. People know we're here. Sometimes it's hard to remember that because, as has been discussed a million times, it takes forever to advance electrochemical devices and to validate them for deployment.
A candidate for the Axion theme song. :)
http://bit.ly/NiTX3G
Movie may have been a bit lame but I love the song.
http://bit.ly/Kz00RZ
Latest Followers
Latest Comments
Most Commented
Posts by Themes