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Axion Power Concentrator 131: July 25, 2012

Jul. 25, 2012 5:46 PM ET209 Comments
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Updated July 21st...

HTL's New Chart Tracking Insta

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Axion Power's Weighted Moving Average Price and Volume:

The last 10 days have been very strong from a volume perspective so instead of sharing a single chart that combines price and volume data, I've attached copies of the more detailed price and volume charts I refer to on a regular basis. The timescales aren't a perfect overlay, but they're very close and I think it's useful to see how price activity and volume have correlated in the past.

Over the last two years we've had a sequence of unfortunate events where big holders who *should* have been stable became persistent sellers. The list of significant stockholders and groups that emerged on the scene as persistent sellers is lengthy and includes:

2010 sellers: FURSA; Liquidation Trust; and Small 2009 investors.

2011-2012 sellers: Winner Estate; The Quercus Trust; Special Situations; Blackrock; and maybe Manatuck Hill

Most of those sellers are ancient history because they're either out of stock or almost out of stock. As near as I can tell, there's nobody left that holds large enough blocks to push the market around. I find the current volume spike particularly encouraging because it seems to be a final blow out of the last shares remaining in weak hands. Given the number of shares that have already traded this month I think there's a good chance that our persistent sellers will be out of stock before the mid-August conference call.

(updated through close July 20th)

Axion Power Concentrator Comments:

(updated July 21st)

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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.

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Disclosure: I am long AXPW.OB.

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