Seeking Alpha

Axion Power Host's  Instablog

Axion Power Host
Send Message
Trying to learn stuff
  • Axion Power Concentrator 142: Aug. 21, 2012: Axion Power Reports Second Quarter Results For 2012 204 comments
    Aug 21, 2012 4:50 PM | about stocks: AXPW

    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 Reports Second Quarter Results For 2012


    Axion Power Weighted Moving Average Prices:

    (updated through Friday close Aug. 17th)

    (click to enlarge)

    Axion Power Moving Average Volume:

    (updated through Friday close Aug. 17th)

    (click to enlarge)

    Axion Power Concentrator Comments Graph:

    (updated Aug. 21st)

    (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.


    Disclosure: I am long OTCQB:AXPW.

Back To Axion Power Host's Instablog HomePage »

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.

Comments (204)
Track new comments
  • Just to get things going even if I don't get double gold stars.
    21 Aug 2012, 01:44 PM Reply Like
  • I get the silver one.
    21 Aug 2012, 01:49 PM Reply Like
  • I new you had a smart reason for not doubling down. Silver is greatly outpacing gold over the past couple weeks...sly, sly, dog.
    21 Aug 2012, 01:55 PM Reply Like
  • Seems that the price has fallen below 0,30. Which means I have over the last 2 days added 100K at 0,30.


    TG: Stockpiling, new Asian OEM, 2 railroads, the next 6 months going to be extraordinary.......


    Especially I am not sure everyone understands the implications of stockpiling electrodes. I can only see one implication: Large orders are so close that Axion knows they do not have enough production capacity to fulfill it/them.


    Preparing more gunpowder for 0,29.
    21 Aug 2012, 01:50 PM Reply Like
  • Well done Poul.


    More shares in strong hands.
    21 Aug 2012, 01:56 PM Reply Like
  • Excellent. Great post, too, Poul.
    21 Aug 2012, 02:13 PM Reply Like
  • And I'm not sure everyone understands the implications of their pursuit of strategic financing. To me, one of its best implications is that it lessens the financing overhang. Didn't take it off the table, but I think the chances of a deal at a big discount just dropped a lot. And NO flipping. And for those waiting to get in on a retail deal, they'll have to buy in the open mkt now, which means a net gain in money flow.


    Add to that the lil itty bitty implications of a manufacturing partnership.


    71k at 29 cents?
    21 Aug 2012, 02:46 PM Reply Like
  • Some interesting results from my Dynapower Google Alert.


    This video has a mention of Axion about half way through. It starts about modelling tools that Dynapower uses to develop inverters, but in the second half talks a little about the work they did for Axion and mentions their batteries.


    The reports from our annual meeting mentioned that the PowerCube on campus is using a Dynapower inverter. Perhaps that the one mentioned in the video.




    Dynapower has Facebook page:


    Latest PR:


    "PDE Total Energy Solutions and Dynapower Launch the Smart Micro-Grid Energy System
    by CHISA on AUGUST 20, 2012"



    Sounds like the battle with Princeton Power (and others) has been joined.
    21 Aug 2012, 02:10 PM Reply Like
  • But you engineers have to promise not to tingle while watching the video :-)
    21 Aug 2012, 02:13 PM Reply Like
  • Related :


    "Smart Microgrid System Offering Cutting-Edge Energy Management and Storage to be Unveiled"



    Anybody near east LA?


    Unveiling of the Microgrid system referred to above tomorrow.


    Wonder which batteries are being used? Since it's California, I guess they must be some lithium variant :-(


    Includes an email contact ...
    21 Aug 2012, 02:41 PM Reply Like
  • Thanks WTB, Great find.


    The fact that they are using it as a case study would mean that the program went well.
    21 Aug 2012, 03:00 PM Reply Like
  • wtb: Catching up. Indy Power, eh? I'll see what I can do.


    The week before, I will be putting up an Insta for anyone to post Qs I can ask at the CEDIA Show.
    21 Aug 2012, 05:43 PM Reply Like
  • Wtb: you find here adds something significant IMO.


    The reduction in lead time for the DynaPower activities from 72 months to 24 months provided a key data point IMO.


    Re: "paint drying", know we know why. We had two years just for design and development and delivery(?) of *one* major subsystem.


    Now, could auto manufacturers do their (smaller-scale?) version of that, or what they need to interface to that, in less time? (NSC)?


    What you found *may* have put some fears to rest regarding how slow things progress. Folks that interpret "nothing happening" as lack of progress might find solace in this new knowledge.


    Great find, from my POV!


    22 Aug 2012, 08:35 AM Reply Like
  • HTL,
    "The reduction in lead time for the DynaPower activities from 72 months to 24 months provided a key data point IMO."


    That would be 72 and 24 "weeks". It is still 6 months of development.
    22 Aug 2012, 08:54 AM Reply Like
  • Thanks metro! Just proof about the state of 50% or my two remaining brain cells - "overloaded".


    22 Aug 2012, 09:56 AM Reply Like
  • wtb


    Interesting..."...P.O. in April..."...IIRC, "...quick turnaround..."


    Tweeted Jim Cramer (TSC)...he has EATON in his "portfolio"...-"...time again to look at Eaton subsidiary Dynapower - Inverter-Energy-Grid-p... conversion"
    22 Aug 2012, 11:26 AM Reply Like
  • metro


    yes, weeks...the "power" of 2 small well run companies without the big company (culture) interference...i.e. NFS
    22 Aug 2012, 11:54 AM Reply Like
  • I'm not sure we're talking about an Eaton product ... it's confusing:


    Eaton has a Dynapower product, but it's not an inverter:


    Eaton does make inverters though.


    Dynapower Company that I talked about above appears to be an LLC based in Vermont:


    My pure speculation is that Axion was dealing with Princeton Power for inverters, but saw they were becoming a pure competitor with their "battery agnositc" energy storage systems, and was happy to find this LLC to deal with that at least so far, is not offering direct competition to the PowerCube. I think both small AXPW and Dynapower might like working with each other, plus AXPW seems to have had good luck with the also private East Penn.


    IF IF IF this speculation is true BTW, it MIGHT make a Fort Meade sale for AXPW less likely as we've seen references to Viridity and Princeton Power teaming up on that project.


    On the hand, it was comforting to hear at the last conference call that there have been a bunch PowerCube RPFs ...


    and we still don't know what that 20 foot trailer was for, right?
    22 Aug 2012, 12:04 PM Reply Like
  • WTB, They must be part of Eaton because Enders told me the invertor in the PC in New Castle was made by Eaton. He was the tour guide inside the PC and I suspect he was a key person in the project.


    Perhaps the video provides the reason Axion went that way - shortest path to a working system. Also, perhaps Eaton is thinking about getting into the inverter game...


    Oh, and nice research on this subject BTW...
    22 Aug 2012, 01:21 PM Reply Like
  • I think Eaton already is in the game. If I am not mistaken, ZBB used to use inverters from Eaton.
    22 Aug 2012, 02:37 PM Reply Like
  • Dynapower wasn't on the SEC filed Eaton Subsidiary list as of 12/31/2011



    It's possible that you saw an Eaton inverter, but that the one described in the video is for a different project.
    22 Aug 2012, 03:18 PM Reply Like
  • Wtb: it could be a re-branded item from Dynapower? I know (UQM) sells some items to Eaton and they are marketed by Eaton as Eaton, IIRC.


    22 Aug 2012, 03:45 PM Reply Like
  • "It's possible that you saw an Eaton inverter, but that the one described in the video is for a different project."


    Excellent! what project was that?
    22 Aug 2012, 11:29 PM Reply Like
  • Green and low volume...
    21 Aug 2012, 04:01 PM Reply Like
  • And the trading at the end was a little different. Kind of like a peasant skirmish vs wall kicking. With a little tape paint at the end to close at the high of the day.


    (No folks, I don't want to hear it was 0.0001 USD off the high of the day.)
    21 Aug 2012, 04:17 PM Reply Like
  • It was +$0.0149 off the low of the day! :-))


    21 Aug 2012, 04:56 PM Reply Like
  • The action looked different to me, too, so I placed my .3049 100 share order at 3:59:55. I rrrrock. 8^)


    Once my neural network HFT algo gets educated, it'll be at 3:39:59:59:59:59:59:59. Til some lil beatch with a nano-length server connection adds a 7th :59 to their program. Once I get it down to the Planck length, though, I can't be beaten. Ev-re-bod-y wants to 'rule' the world.
    21 Aug 2012, 04:57 PM Reply Like
  • "Anonymous" LOL


    Come on out HTL. I know that's you inside that hoodie!
    21 Aug 2012, 05:05 PM Reply Like
  • Mr. I. The name is Bond..................... James Bond! ;))



    Seems the Axionistas are testing the waters a little bit here. Maybe even so far as to take a bite without half a mouth full of mud!
    21 Aug 2012, 05:10 PM Reply Like
  • iinde--lol. I morphed to a lungfish a couple weeks ago. I can now occassionally slither onto someone's yard and bite their dog.
    21 Aug 2012, 05:18 PM Reply Like
  • Mr I, A little "Hair of the Dog" eh. That doesn't sound too good! 8oP
    21 Aug 2012, 06:22 PM Reply Like
  • Together with krill and flounder (also a law firm?), part of my well-balanced diet.
    21 Aug 2012, 06:45 PM Reply Like
  • I here the krill are quite plentiful off the California coast this year. With the oceans getting warmer, there has been a real boom of them causing more whales to come to feed. Which, of course, attracts more tourists, who then ram into the whales!
    21 Aug 2012, 09:29 PM Reply Like
  • I hope AXPW rams into a whale.
    21 Aug 2012, 10:30 PM Reply Like
  • I bought 10k @.302 right before closing to see whether there is still a big seller at .302. I was pleasantly surprised that the .302 sellers had no more shares.


    After closing, TD Ameritrade level 2 only shows 5k@.305, 5k@.3075, 20k@.3097 and then .32.


    The question for tomorrow, whether there are more shares behind above numbers before we inch up to .32?


    My hope/guess is no.
    21 Aug 2012, 04:37 PM Reply Like
  • Snowbirdac11: How close to the close? The OTC markets aren't quite as automatic or quick as the major listing markets. Were there any $0.302 asks showing at the time? If you were too close to the close and there were, your bid may have missed due to "latency".


    21 Aug 2012, 04:59 PM Reply Like
  • HTL
    I saw two 5k @.302 ask around 15:55 so I placed an order for 10k @.302 to see whether I can take out the .302 sellers. My order was filled quickly: 5k @.302 at 15:55:53 and 5k @.302 at 15:56:.08.


    After my orders, TD Ameritrade level 2 did not showed any ask @.302.
    21 Aug 2012, 09:27 PM Reply Like
  • Snow: "Thas'a good pizza"!


    Unfortunately, being that close to the close, we don't know if they just decided not to pop in the next batch of 5K offers, as they seem, so far, to have an inexhaustible supply.


    OTOH, if computers are controlling it you may have spotted something - exhaustion.


    Maybe today will earn you the "Eagle-eye of the day" award.


    xxx <-- fingers crossed.


    22 Aug 2012, 08:24 AM Reply Like
  • Author’s reply » I updated the header with the Axion Power Concentrator Comments graph as of today. It is interesting because the 5 edition average sky-rocketed to an all-time high.
    21 Aug 2012, 04:53 PM Reply Like
  • Hmmm, Mr. APH: Seems we are on a "noosphere" event surge.


    That and the Volume Moving Average slipping upward the last month plus (my favorite indicator), along with our "collective comment consciousness" swinging upward, suggests something is about to happen.


    Is this a poetic "noetic?"


    A whooohoooo, yeehaw moment nearly upon us?


    Very interesting stuff in this video:

    21 Aug 2012, 05:40 PM Reply Like
  • Here is an update of the East Penn VRLA/Ultrabattery project. They are planning for some volume.


    Advanced Battery Manufacturing Facilities and Equipment Program

    21 Aug 2012, 07:17 PM Reply Like
  • ii


    I like the part on page 9 that states:::


    "If market conditions change during the duration of the grant period, East Penn will execute their documented contingency plans for shifting production into other battery models that will continue to maintain employment and also to provide a reduction in petroleum fuel consumption."


    Maybe the "other battery models" are for Pbc!!!


    21 Aug 2012, 08:02 PM Reply Like
  • Note last slide indicating UltraBattery in a Honda Civic retrofit serving not only stop start, but also parallel motor assist (76 lb-ft torque).


    PR or real market for UltraBattery.


    Anyone have any idea how big this privately held company is?


    You wonder where the room is for PbC in their already advanced strategy.
    21 Aug 2012, 08:09 PM Reply Like
  • Here is an older web page. Don't know how accurate it is. But they are pretty good size. Private.


    Sorry don't have access to Dunn and Bradstreet or Hovers. Maybe John does.

    21 Aug 2012, 08:22 PM Reply Like
  • RBrun, It is probably a positive that they have AGM capacity and they are near Axion. Also they are called out as a partner on Axion's web site.
    21 Aug 2012, 08:24 PM Reply Like
  • ii


    Since all of us Axionistas believe that the Pbc is a better product and Axion seems to have a good relationship with East P I am thinking that maybe, just maybe this new plant might be a great Pbc manufacturing facility also!


    At least it makes me feel good to think that at this stage of the story!


    21 Aug 2012, 09:12 PM Reply Like
  • RBrun357,
    John has often commented that Axion and East Penn have had a ongoing relationship that has been very supportive for many years. It's kind of assumed that if Axion gets to the point of needing a battery manufacturing partner that East Penn is one of the first options to offer the job to.
    21 Aug 2012, 09:46 PM Reply Like
  • Whoa, a flavor of Advanced LA for actual traction assist in a full hybrid ? Wasn't some crazy dude a while back calling for that?


    And if Ultrabattery works even OK for this, PbC has certainly got to be better...


    That's the trouble with nutjobs, they're right only very occasionally--just enough to be trouble. ;)
    21 Aug 2012, 10:14 PM Reply Like
  • Lab: Assumed? Exide is global, East Penn is PA only. As much as I don't like Exide's leadership team, I think Exide would be the better partner.


    Who knows? Maybe both will be.
    21 Aug 2012, 10:39 PM Reply Like
  • Maya, I sure wouldn't call them PA only when they have sales which appear to be around the Billion USD range. Also if you look at the presentation they are adding capacity for over 2 million AGM/Ultrabattery batteries/year.


    I've also noticed they seem to do a pretty decent level of collaboration with other battery companies.


    ie (Not exactly sure of the relationship)



    And look what this private German company is working on.

    21 Aug 2012, 11:02 PM Reply Like
  • Also,


    "Exide Industries Limited, India has entered into technical collaboration and assistance agreements with East Penn Manufacturing Co. Inc, USA."


    21 Aug 2012, 11:05 PM Reply Like
  • PbC is a better power battery and has a better business plan. But ultrabattery has its own merits. I do not think both of them will compete heavily in the same arena though some of their applications do overlap.
    21 Aug 2012, 11:07 PM Reply Like
  • iindelco: Perhaps I should have written, "PA-based..."


    East Penn is a big outfit; believe the world's largest single privately owned batt manufacturing facility on the planet. And that manufacturing facility, their only one, is in PA.
    21 Aug 2012, 11:09 PM Reply Like
  • Yep Maya, They seem to be pretty well run compared to Exide. Of coarse, Exide had some of those Western automotive legacy cancer genes. Hard to work off.
    21 Aug 2012, 11:12 PM Reply Like
  • Moll is the battery company that co-presented with BMW and Ford at ELBC 12.
    21 Aug 2012, 11:15 PM Reply Like
  • Maya,
    I'd hope for both eventually. As I wrote to DRich further down, I just think it's easier to partner with East Penn while building out the Cloverleaf electrode lines. When they start doing JV, where Axion starts building electrode lines in facilities next to other manufacturer's battery plants, then Exide makes more sense, especially for production in other countries.
    21 Aug 2012, 11:45 PM Reply Like
  • Ahhh, Thanks Stefan. Gotta watch them and snoop around a little more. The Ultrabattery is interesting indeed.
    21 Aug 2012, 11:50 PM Reply Like
  • The top three US lead-acid battery manufacturers are JCI, Exide and East Penn. While I'm not positive, I think East Penn's US revenues are larger than Exide's, although Exide's global revenues are larger than East Penn's.


    The relationship between Axion and East Penn goes back to the early days and has been very helpful over the years. It would not surprise me to learn that assistance from Axion is one of the reasons that East Penn's Ultrabatteries outperform Furukawa's.


    The two companies are working on competitive technological approaches, but it's a very collegial sort of competition. While Axion hasn't said so, there is much speculation in the Concentrators that East Penn is the buyer for Axion's flooded batteries. I don't know for sure but it certainly wouldn't surprise me.
    22 Aug 2012, 12:25 AM Reply Like
  • The two paragraphs below are from "Axion Power Reports Second Quarter, Six-Month Results Highlights include Multi-Year Global Supply Agreement with Exide Technologies, Partnership in Nationwide Solar Power Charging Stations" ( ):


    The highlights of the second quarter included the start of a four-year global supply agreement with Exide Technologies (NASDAQ: XIDE) for the purchase of Axion's PbC batteries and other Axion Technology(TM). Exide is a global leader in stored electrical energy solutions and one of the world's largest producers and recyclers of lead-acid batteries with operations in more than 80 countries. The two companies are jointly marketing a lead-carbon product that can compete with other advanced battery chemistries, including lithium-ion, in multiple markets that include hybrid vehicles, defense applications, utility and industrial energy storage as well as renewable power such as wind and solar. The PbC battery is significantly less expensive and can be manufactured on existing lead-acid battery lines.


    Subsequent to the end of the quarter, "Exide Technologies with Axion Power International" was named in a $34.3M stimulus package award from the U.S. Department of Energy. One of the benefits the award provides is capacity additions for Exide for the production of advanced lead-acid batteries using lead-carbon electrodes particularly for micro- and mild-hybrid applications. In addition to providing further validation of Axion's lead-carbon technology, the award provides further opportunities for the sale of Axion's PbC electrodes. The final details of the award still require further negotiation with all parties. East Penn, another Axion strategic partner, received a $33.1M award which was also for the development of a lead-carbon product. The existence of these DoE awards will open up a wide variety of other funding options to Axion as they look to add capacity to meet the demands created by this award and by the April 2009 Axion/Exide 4-year supply agreement.
    22 Aug 2012, 12:50 AM Reply Like
  • Danger, Will Robinson!

    22 Aug 2012, 12:00 PM Reply Like
  • Moll...small...private... trend here!
    22 Aug 2012, 12:05 PM Reply Like
  • magounsq, I think the smaller, they are still pretty big, battery suppliers know they need to share tech. and expertise to compete with the larger players.


    And what better group to shake up the giants David was heard saying.
    22 Aug 2012, 12:19 PM Reply Like
  • Will didn't look very worried in that clip.
    22 Aug 2012, 03:41 PM Reply Like
  • Metro,


    Obviously Will Robinson was wearing his silver-lined boxers.
    22 Aug 2012, 03:48 PM Reply Like
  • Just for the record, Axion employees told me ,at the plant, at the last Shareholders meeting that the batteries were being made for East Penn.
    22 Aug 2012, 05:09 PM Reply Like
  • Well Jeez Futurist. Now ya tell us after we've been through a whole litany of speculation and conspiracy theories. :)


    Any more things they might have mentioned like labeling PBC batteries for shipment to Japan or Korea? GM and Ford having a fight trying to get through the front door first? You know.....the subtle signs of progress! lol
    22 Aug 2012, 05:38 PM Reply Like
  • ii


    22 Aug 2012, 09:09 PM Reply Like
  • For clarification purposes, Will Robinson link is in reference to billa's addressed by mayascribe below.
    23 Aug 2012, 12:24 PM Reply Like
  • Wow! Yikes! Yeesh! Whoa!


    Check out this US Navy PDF titled "Lithium Battery Safety: Good Batteries Gone Bad":

    21 Aug 2012, 08:15 PM Reply Like
  • For those of you who have never before read about Axion's global agreement with Exide, here's an article:



    Question: Is this where some of the PbCs have gone? Is this agreement still valid?


    Especially given these time frames? (Article is dated April 13, 2009)


    --According to the terms of the agreement, three consecutive phased purchase- and test-periods will commence immediately, with Axion supplying an escalating number of batteries to Exide on a monthly basis. The first two phases will span 18 months and if successful the parties will move to the final 2 phases of the agreement. The quantity of the products supplied will need to achieve certain defined milestones, commensurate with what the market potentials could be, over the remaining 2.5 year period of the agreement if exclusivity is to be maintained. Shipments delineated under the agreement would begin in Phase I, which is scheduled to last 10 months and would ramp up at each phase point, assuming successful testing. No further details on anticipated shipments and schedules were released.
    21 Aug 2012, 08:29 PM Reply Like
  • Maya,
    It's been my understanding from John's comments in the past that Exide didn't meet these milestones and so they loss their exclusivity. So while Axion is still willing to deal with them, they no longer "have" to deal with them only.
    21 Aug 2012, 09:58 PM Reply Like
  • >LabTech ... Even as Axion broke free of Exide, they still are willing to work with them on Axion's terms. There is nothing to be gained by snubbing their nose at one of the world's largest battery manufacturers with factories & marketing structure in 80 countries. Business is business.
    21 Aug 2012, 10:14 PM Reply Like
  • DRich,
    Nor would I want to. I've said repeatedly that one of the reasons why I would not discount Exide is the fact that the million plus AGM line they are finishing in OH was originally supposed to have been built to support PbC production according to the DOE grant.
    My main slant towards East Penn vs Exide or JCI, as Axion's first possible battery production collaborator, is that it is:
    1) large enough for any initial ramp at the Cloverleaf facility
    2) close enough that you wouldn't have to worry about possible carbon electrode damage due to long distances shipping
    3) and yet small enough that they don't have a lot of their own eggs already in a carbon paste AGM basket so they may be willing to adopt the PbC more readily and see it as a stepping stone to compete more with the other, larger battery suppliers for OEM contracts.
    21 Aug 2012, 11:38 PM Reply Like
  • Lab: I agree. My gut feeling is that Exide wanted and plied for exclusivity, of which TG would not go down that road. Exide tried to use the multi-million dollar DOE grant as bait to get Axion's IP rights.


    Another reason why I am suspect of Exide's management team; they stink. Have stunk, and still do stink. EPA concerns still exist. Just today, a group of p-oed civilians announced they are going after Exide in another EPA-type lawsuit.


    But licensing remains a strong possibility, with maybe several or even many battery making firms.
    21 Aug 2012, 11:52 PM Reply Like
  • While it's my understanding that Exide lost it's exclusivity because it didn't meet all the minimum purchase and timeline requirements of the original agreement, Tom is always careful to say that Axion is still working with Exide.


    As one of the top three US battery manufacturers, Exide is painfully aware of the auto industry's cost sensitivity. Given a choice between selling batteries with paste additives for a slight premium or selling PbC batteries for a large premium, I have no doubt that Exide will take the cheaper route. If the automakers insist that they need PbC level performance, I have no doubt that Exide will serve its customers.


    In the final analysis I believe Exide and East Penn are both in the same position. They have lower cost proprietary products that they'd rather sell if the customers will accept the lower performance and they're relying on the PbC as their ace in the hole if their lower performing products aren't good enough.


    While I believe Exide may have been motivated by a desire to pick up Axion and the PbC on the cheap in 2009, I have to agree with DRich that business is business.
    22 Aug 2012, 12:39 AM Reply Like
  • One other advantage of East Penn is that they're private. They can do a lot of things within their own fences, on their own dimes, either alone or with other parties, and control their own disclosures to a great extent. That sounds like an environment to suit Axion just fine at this point. And It surely must trouble all their competitor's sleep, wondering just what all these two proximate and complementary companies might really be up to...
    22 Aug 2012, 12:47 AM Reply Like
  • Plus, it has to tick Exide off that at the moment Axion was most vulnerable, a magical flooded battery toll contract appeared out of nowhere and saved the little battery company from the mismanaged giant.


    Oh yeah. East Penn certainly has a leg up on the company that deprived Axion of its portion of the grant money. I hope they keep the leg up on them.
    22 Aug 2012, 05:16 PM Reply Like
  • I guess a lot of us males wouldn't mind lifting a leg on them. :-/


    22 Aug 2012, 05:22 PM Reply Like
  • Futurist,
    One thing to keep in mind about the DOE grant, that we didn't find out until Brainwish did his FOIA on it, is that the DOE grant was a matching funds grant. So any money that Axion would have gotten from the grant would have had to be matched by funding of their own. So it's quite possible that the reason Axion couldn't use the money is that they didn't have enough capital to put up of their own.
    22 Aug 2012, 09:51 PM Reply Like
  • LabTech, Those would have been known considerations going into the submission for consideration on the grant. Obviously something didn't go as planed between Exide and Axion. If it did TG would be chirping. I think he learned an old school auto lesson myself. He got taken. My opinion. Fortunately he was smart enough not to get taken to the cleaners.
    22 Aug 2012, 10:06 PM Reply Like
  • Just an example. You can steal technology but then you can't export it to areas where the IP protection applies.


    Energizer And Wahl Clipper Settle Patent Infringement Suit - Quick Facts

    21 Aug 2012, 10:02 PM Reply Like
  • China produces super-capacity light rail train

    21 Aug 2012, 11:09 PM Reply Like
  • Does that mean they can stuff even more folks inside? :-)

    22 Aug 2012, 09:37 AM Reply Like
  • WTB, Everyone exhale! Now that's the life.


    Reminds me in a way of the coffin accommodations they launched awhile ago in Japan. Actually don't have a problem with it. Better than being stuffed into a rail car.

    22 Aug 2012, 09:50 AM Reply Like
  • Is anyone using an iPad with Seeking Alpha?
    22 Aug 2012, 02:07 AM Reply Like
  • I am - works great
    22 Aug 2012, 09:23 AM Reply Like
  • Articula, what browser do you use to keep up on the "new comments"? or do you use that feature? I can't get the little notification pad (upper right) to pop up...
    22 Aug 2012, 09:33 AM Reply Like
  • Tim when going into SA start at the "My Feed" page. This will give you your list of articles you are tracking with new comments highlighted. This is where I start when using the ipad.
    22 Aug 2012, 09:43 AM Reply Like
  • jakurtz, thats a good start thanks! i think I remember HTL saying that he was able to bookmark the ballon or the little pad but I have not yet found a way...
    22 Aug 2012, 10:05 AM Reply Like
  • Tim,


    What I bookmarked was "My Feed".


    Then every time I click it, it shows a list of stuff to the right that you can click and usually the balloon will also appear.


    Regardless of all the the clipboard near the upper right, next to your logon ID, can also be clicked. It has the same contents as the little balloon would have.


    22 Aug 2012, 10:43 AM Reply Like
  • Thank you everyone...
    22 Aug 2012, 10:54 AM Reply Like
  • Ditto, for me. The little orange comments balloon never appears on the ipad, in either Safari or Chrome or any other browser I can recall trying. But using the drop menu for "my feed" will bring up the page with new comments.


    The downside to using the ipad to read comments, is that when the list of comments gets very long, then you lose your place if you click a link to read something else, because Safari will reload the entire page when you return to it, starting back at the first new comment. This has to do with the way the ipad and Safari manage the limited RAM, at least on my ancient ipad1.


    Is it any different on the newest hardware?
    22 Aug 2012, 11:34 AM Reply Like
  • SMaturin, Safari now opens a new TAB and loads the link within it. Upon returning to the original TAG all is quite and just like I left it...
    22 Aug 2012, 11:34 PM Reply Like
  • A friend sent me a new sector report from Nomura Securities last night. While the report's focus is Asia, the following lift from page 2 warmed my heart:


    "Two battery technologies: bullish on lead-acid, bearish on lithium-ion


    Lithium-ion batteries are the mainstream technology given their superior performance (250% larger capacity than lead-acid), but their high cost (6x lead acid) has prevented greater adoption. We are bearish on lithium-ion battery makers given their sustained profit growth looks difficult amid oversupply. Instead, we are bullish on lead-acid battery makers for which we see stable demand and margin improvement via industry consolidation."


    I'll share more as I digest the report.
    22 Aug 2012, 03:15 AM Reply Like
  • The rest of the report really focused on lowering expectations for EVs and lithium-ion batteries and there wasn't much that was directly relevant to the non-China market.
    22 Aug 2012, 03:32 AM Reply Like
  • On the front page of The Street can be viewed John Petersen's excellent article "Beleaguered Battery Maker Soon to Get a Jolt". The article provides a fascinating history on Axion's stock price and the supply and demand dynamic it has faced.


    John, really appreciate your efforts in publishing more information about Axion and again congrats on this new endeavor.

    22 Aug 2012, 07:56 AM Reply Like
  • Excellent work, John.


    Should reach a whole new group of potential buyers. And clients for yourself.
    22 Aug 2012, 09:27 AM Reply Like
  • A resounding cloud of bubbles and a loud "THANKS!" from the mud jacuzzi.
    22 Aug 2012, 09:47 AM Reply Like
  • Some more comments on The Street article would be good:




    OT, is anyone else having error message from Hotmail that the server can't send messages? - have had this on and off for the last two days
    22 Aug 2012, 11:52 AM Reply Like
  • metro


    Thanks for the heads up and link.
    3 out of the first 6 comments from the usual TSLA/EV extremists.
    Could get interesting!
    22 Aug 2012, 01:03 PM Reply Like
  • I found the Street article extremely informative.


    I particularly liked John's no-nonsense, full, and clear disclosure of his personal relationship with the company and investment in the stock.


    I was a little taken aback, though, by his perch and marlin comment at the end. I understand his motive might have been to sign off nicely, similarly to my lame GLTA remark the other day, but IMO it could leave people scratching their heads about it instead of calling up their broker to buy some AXPW, or thinking about what he meant instead of thinking about Axion when they finish reading.
    22 Aug 2012, 01:07 PM Reply Like
  • I also was left with a mixed impression but maybe it's because we have been with this stock already. It definitely wasn't a "pump" article and that's probably for the best for now.


    I'd like to see a jump after we get past this 30s hurdle and back into the 60s. I think AXPW might be getting on the radar of these kind of folks now though. I wouldn't be surprised to see some P&D action after some accumulation first.
    22 Aug 2012, 01:17 PM Reply Like
  • billa: Well written articles "bracket" an analogy or scenario both at the start of the article, and at the end. It gives the reader a better chance to easily assimilate and digest what the content will be, as well as at the end, a summary of what they just read.


    John's ending was tied to the beginning in using an analogy of fishing, as in: There's a whopper floating around right near your boat. You see glimpses, but can't tell what kind of a fish it is. But you keep fishing, coming back, learning more, and then one day you land a monster.


    The inference is that Axion Power is that monster, a once-in-a-lifetime stock to own.


    John had another great one about how shareholders are "Elephant Hunting" with Axion Power. Meaning shareholders will not be satisfied with "only" a 100% gain.


    In my opinion, John's ending was just fine.
    22 Aug 2012, 01:22 PM Reply Like
  • Should clarify, by mixed I mean that I didn't think the article would cause a huge inrush of buyers, because it didn't suggest urgency nor have clear upcoming catalysts. But it did present a great value case for Axion.


    Obviously it did have some effect since we are seeing higher volumes for today.
    22 Aug 2012, 01:28 PM Reply Like
  • @Mayascribe:


    The proof of the effectiveness of any piece of writing is in the response of the reader. Writers are always explaining why a reader should have responded more positively to something they wrote. Fine. Believe whatever you want; it doesn't change the effectiveness of what you've written.


    Does this board have an ignore feature?
    22 Aug 2012, 01:59 PM Reply Like
  • "John had another great one about how shareholders are "Elephant Hunting" with Axion Power. Meaning shareholders will not be satisfied with "only" a 100% gain."


    :-) And I'm sure hoping its is elephant hunting we are about and not mastodon.
    22 Aug 2012, 01:59 PM Reply Like
  • >D-inv ... Mastodons had a pretty good run
    22 Aug 2012, 02:20 PM Reply Like
  • re: ignore feature


    The easiest ignore feature is to ignore all comments by people whose comments you don't want to read.


    On the flip side:
    - Mayascribe is the person who started this concentrator series
    - long before that, Mayascribe questioned the thesis of investing in Axion and used to exchange barbs with John Peterson


    Thus, I think your critique is welcome, and your reaction to the critique of your critique could one day be realigned another day... but not today... we all have plenty of time for this investment.
    22 Aug 2012, 02:25 PM Reply Like
  • "D-inv ... Mastodons had a pretty good run "


    :-) It's the "had" that lingers in the back of the mind. None out and about now.
    22 Aug 2012, 02:40 PM Reply Like
  • bill_from_sf: "Does this board have an ignore feature? "


    Yes, it's between your ears, ... at least theoretically. But I don't see what you found objectionable.


    22 Aug 2012, 03:01 PM Reply Like
  • >D-inv ... Yeah, I knew that was coming. It's only what is here and now. Remember Mastodons had a beginning, middle & end. Ten years ago there wasn't an Axion. Five years ago there wasn't a PbC. For most things there is an evolutionary process, if your one of those that believe things don't sprout from the ground fully developed, and not everything succeeds. Even the ones that do succeed don't last forever.


    For everything there is a season. Einstein said the only reason for inventing time was to keep everything from happening at once.
    22 Aug 2012, 03:14 PM Reply Like
  • I wish it did. It does have a delete function, of which as founding father of this blog, I can use whenever I want.


    I was only trying to be helpful; my thoughts were that you did not tie in the beginning with the end.


    "Believe whatever you want; it doesn't change the effectiveness of what you've written."


    Exactly what did I write? Almost hilarious.


    I already got you as a troll. Have since almost your first comment.
    22 Aug 2012, 03:54 PM Reply Like
  • Ranma


    "...because it didn't suggest urgency nor have clear upcoming catalysts."
    TSC readers do not have the AXPW history we have here.
    If JP pushed the "urgency" button, that might be a turnoff, P&D flag or TSC might be wary!
    Hopefully enough to get the facts out as they appear.


    With any type of good timing, this could get interesting!
    22 Aug 2012, 09:17 PM Reply Like
  • billa...


    10 profile...rude response...where are you coming from...?
    22 Aug 2012, 09:20 PM Reply Like
  • maya


    trolls...johnny b...billa...I could name at least one other...thanks for maintaining the integrity of the blog.
    22 Aug 2012, 09:23 PM Reply Like
  • mag: I could name 15 or 20 IDs, going back years before the APCs ever started rolling. I loved what JP did with his "two words" comment.


    But as things stand now, I haven't once deleted any comment since I turned the APC reigns over to a fabulous group of minders. Have lost the password to get into the APH. But if need be....


    22 Aug 2012, 10:17 PM Reply Like
  • JS,
    I have had those problems and it will lock up at times also. It's been doing that for about a week.
    22 Aug 2012, 10:57 PM Reply Like
  • billa, no it isn't. at least without qualifications. specifically: over a period of time.


    see moby dick.
    23 Aug 2012, 04:09 AM Reply Like
  • time is also the best way to account for change in a closed system. space is undefined without it. what is speed without time? how do you describe an expanding universe without time or more to our concerns the change in a battery's chemistry?


    DRich is of course reminding us that without time there is no meaningful way to measure a change in stock price.
    23 Aug 2012, 04:21 AM Reply Like
  • John,
    Finally got a chance to read the article. Nice job. Sorry I've been a bit out of it with the family having stomach flu. I noticed that OMY (i.e. mrzuum) has been making all his/her old bashes in the comment section. Must have gotten tired of saying them all to himself/herself on the BrandX board.
    23 Aug 2012, 11:18 PM Reply Like
  • Sometimes I wish sites like SA and TheStreet would give contributors the power to moderate trolls, but in the end I think they serve a useful purpose because they have to pitch low and slow, which generally leaves room for a thoughtful, well crafted and educational reply.
    23 Aug 2012, 11:25 PM Reply Like
  • John, this is interesting. It looks like OMY really is acting like two people. First, we get all the classic, long winded questions about NS as mrzuum and then you get the short, nonsensical questions as Alexa. Guess he/she is really getting bored talking to himself/herself on BrandX
    23 Aug 2012, 11:53 PM Reply Like
  • I've never been able to figure out the dynamics of the basher games somebody's been playing for the last couple years. The question in my mind has always been "who benefits and how?" I may never figure it out, but I truly hope the foolishness will abate as the stock exits the imbalance stage and starts behaving more normally.
    24 Aug 2012, 12:02 AM Reply Like
  • Let's just see what the trolls do with a bashed up and beleaguered stock like Axion, as Axion ramps its way onto the golden goose highway.


    Should be great fun to kick the bashers right in the nethers.


    I was in BrandX tonight and was near to almost...perhaps making my first post there ever.


    Such ill-informed, amateur and artifice doings of nonsense.
    24 Aug 2012, 12:03 AM Reply Like
  • It's much more fun to ignore them on Brand X and laugh at them here because they're so lonely they regularly lift quotes from Concentrator so they can have something to fret about.
    24 Aug 2012, 01:28 AM Reply Like
  • Maya,
    Don't waste your time. I used to argue with OMY, or whatever he/she is calling himself these days, assuming the person would want to have a reasonable conversation. But no matter how much you place the facts in front of him/her, you will always get a twisting of the facts, or an exaggeration of something to make anything that is a positive seem like a negative.
    24 Aug 2012, 07:57 AM Reply Like
  • Lab and JP: Agreed. But I couldn't resist going in there to see what the parrot loose tongues were gabbing about.
    24 Aug 2012, 10:24 AM Reply Like
  • >Mayascribe ... You got me curious so I dropped by. My opinion, it's "Sybil -ply" wonderful stock advice.
    24 Aug 2012, 10:38 AM Reply Like
  • One of tripleblack and my relatives looking forward to a new perspective when a larger potion of the market sees the value in PBC. Hey, you can't swim down in the mud with all the fin slapping and biting going on forever!

    22 Aug 2012, 09:29 AM Reply Like
  • Adding more AXPW today...
    22 Aug 2012, 09:53 AM Reply Like
  • WOT: A friend of mine told me that a long retired and considerably eccentric school teacher in her village in the north of England used to push a baby pram around the village with a tortoise in it. WOT as the anecdote is about tortoises and not about turtles.
    22 Aug 2012, 10:23 AM Reply Like
  • "considerably eccentric". A wee bit I'd say.


    I wonder if the chap was excited about how fast he was moving? We Axionista's could use a little of that for a change. Weee wee weeeeeee. ;)
    22 Aug 2012, 10:56 AM Reply Like
  • My shell has my own design warp drive.


    I just don't see anywhere I currently want to get to in a hurry...
    22 Aug 2012, 11:36 AM Reply Like
  • Mr. Turtle and Mr. Snail were involved in a collision, when Mr. Snail was asked, "What happened?" He replied: " I don't know everything happened so fast!"
    22 Aug 2012, 12:21 PM Reply Like
  • Very good Bill. I'd not heard that. It's all relative! :)
    22 Aug 2012, 12:24 PM Reply Like
  • Bill


    Simple yet good...had to "steal" it and share with others!
    23 Aug 2012, 12:29 PM Reply Like
  • Thank you for the excellent summary in The Street.
    22 Aug 2012, 09:41 AM Reply Like
  • John,


    Are you able to tell what kind of traffic your article gets?
    22 Aug 2012, 09:59 AM Reply Like
  • (AXPW): Nice open! By 9:53:04, 26 trades, 166,810 shares all but 2,930 @ $0.305 from the usual ARCA, NITE, EGRO.


    Alright! Who's the cheapskate that broke the pattern and got 2,930 at bargain-basement price of $0.3002?


    You should be ashamed of yourself taking advantage of ... "less astute" folks like that! :-))


    Of course, those three MMs still at the top of the list with inexhaustible shares apparently being spewed from a black hole at the center of our galaxy!


    22 Aug 2012, 10:00 AM Reply Like
  • I hope JP gets a nice thank you note from whomever got to unload at .305 today. Note that EGRO is still there. I wonder if whomever is using EGRO is clever enough to use ARCA and NITE as well ... i.e., it might all be one big dump.


    My Level II shows ARCA EGRO and NITE, but I don't know if that's just alphabetical order or it actually means something. I note HTL typed them in a different order ...


    Anyone know how this works when there are 3 market makers tied at a price? Do they get to fill buy orders that come to them from their offer supply (but first in first out there), or is there some central repository of first in first out timing?


    Note also that the folks "paying up" at the .305 offer are more likely to be flippers than become Axionistas, though it won't be exclusively either way.
    22 Aug 2012, 10:18 AM Reply Like
  • It has to stop raining shares one of these days - it's already been more than 40 days and it seems the downpour is almost beyond biblical proportions.
    22 Aug 2012, 10:31 AM Reply Like
  • Wtb: from what my broker told me, the order has no significance.


    But I always wonder ...


    22 Aug 2012, 10:48 AM Reply Like
  • Metro: likely all the water that *should've* dumped in our big drought areas over here had to go *somewhere*.


    You folks were apparently selected.


    22 Aug 2012, 10:49 AM Reply Like
  • 1 down, 2 to go---EGRO's now off of .305 (all the way back to .31, lol).
    22 Aug 2012, 10:59 AM Reply Like
  • 2 down, 1 to go--NITE's the only one left at .305. ARCA's all the way back at .306. doh


    Will be fascinating to see how much volume we get outta JP's TheStreet article over the next couple weeks. Maybe it ends up being the catalyst we all have been waiting for. Who knows. Anyway, the more volume, the better.
    22 Aug 2012, 11:20 AM Reply Like
  • >Mr Investor ..., to me, is one of the flagship sites of the momo crowd. John got off to a good start (and this is my opinion only) but needs to lay out the Grid (on the plus side) & EV argument (on the minus) so a less EVangelic retail audience gets a chance to hear it. Then, as always, it's all up to the battery & a little PR on the positive side to suck in crowd.


    How fun would it be to hear Mr. Cramer yell "BuyBuyBuy"? Sadly, I'd see that a sell the rip moment and buy the dip. Oh, well. The color change would be welcome.
    22 Aug 2012, 11:30 AM Reply Like
  • DRich--John posted that he was in discussions for a weekly article. Don't know how many more will be about AXPW, but I'm certainly hoping it's plenty, as there's more to the story, and JP knows the value of repetition when communicating with a retail audience.


    I believe the news flow from the Company will pick up, at least somewhat, too, so between John's article(s) and that, I expect average volume to remain strong or even increase, which takes out the big seller(s) faster, etc. etc. etc.


    About Cramer--that would be great for a pop, but I've heard him say plenty of times that he rarely recommends sub $10 stocks on his TV show. Not sure about in his printed stuff, though. Maybe the workaround is that one of his colleagues will recommend it?
    22 Aug 2012, 11:43 AM Reply Like
  • >Mr Investor ... I've heard him say he will never recommend a stock below a dollar or on the Pinks/OTCBB, so I guess Axion needs to get listed ... I can dream. But beyond that, he has in the past recommended "cheap" stocks in the low single digits as speculations if they live in a sector that is showing growth. Some of his 1000% stockpick gains over a decade were ones he first mentioned at or near his bottom valuation, albeit those were mostly done when he was on the radio only.
    22 Aug 2012, 11:52 AM Reply Like
  • DRich, I think there's a whole bunch of fun stuff that kicks in if/when we rebound. Call it an upwards spiral. But until then, looks like there's still some heavy lifting to do.
    22 Aug 2012, 12:42 PM Reply Like
  • The crazy thing about the markets is they always look like there's still some heavy lifting to do, until they don't. Imagine a 55 gallon drum full of water where each gallon of water represents a million shares of stock.


    When you drill a hole in the bottom of the barrel the water begins to flow out and it keeps flowing at a constant rate until the barrel runs dry and the flow suddenly stops.


    Markets work the same way, particularly when the selling is coming from a small number of legacy holders instead of a large number of retail investors.
    22 Aug 2012, 12:51 PM Reply Like
  • Wouldn't it be wonderful if the volume apparently caused by your article produced the end of the big selling. But only time will tell when it stops, as no one knows with any certainty.
    22 Aug 2012, 01:33 PM Reply Like
  • The best I've ever been able to do is try and get a handle on the known gallons that have already flowed out of the barrel. The rest is guesswork, which is why the only way to identify inflections is in the rear view mirror.
    22 Aug 2012, 01:52 PM Reply Like
  • MrI: ARCA came back, but not a standard block. Been there a long time now at 7K presented at $0.303. But never fear - NITE's holding down the fort at $0.305.


    22 Aug 2012, 03:49 PM Reply Like
  • HTL, strange end to the trading day. Per my Time & Sales, no trades in the last 1/2 hour. And somehow the ARCA offer dropped off my Level II, but remained on my portfolio list. Anyway, on to Thursday.
    22 Aug 2012, 04:03 PM Reply Like
  • MrI: You're correct - nada the last 30 minutes.


    I'm interested to see what ARCA show tomorrow. If ARCA was feeding shares from just one big seller and that seller is finito, maybe we see the first real evidence that the end of the selling by the bigs is indeed near.


    It would be really fortuitous *if* TPOTSE* didn't really ramp for a couple of days, as was suggested as a possibility earlier, and the bigs selling were wiped out before that ramp started.




    * TPOTSE = The Petersen On The Street Effect
    22 Aug 2012, 04:34 PM Reply Like
  • That would be great. Impossible to tell what's going to happen, IMO. Looks like today's selling was almost all the bigs, though, based on which MMs were at the offer almost all day. Made some decent progress w/ those guys w/ 526k shares traded.


    Some of us were hoping the Q2 release would flush out the last of the big sellers. Didn't happen. JP has guessed they might be gone by the end of the summer (end of August or Sept 21st or when I have to get the Snuggy out of storage? ;^P). Next known potential catalyst, that I'm aware of, to drum up some volume is the CEDIA show in a couple wks, if we get some info from Axion, Rosewater or our reporter on the floor, Maya. In the meantime, I'm hoping the Q2 and JP article volume pops continue.


    Or hey, the NS delivery or some new order would be nice. But who knows when the heck those might happen.
    22 Aug 2012, 05:07 PM Reply Like
  • An amazing run of buys at .305 in the early going this morning!
    22 Aug 2012, 10:02 AM Reply Like
  • JP


    Congrats on The Street alticle, as always very impressive!


    22 Aug 2012, 10:15 AM Reply Like
  • Ah, 357 ... thought of you last night while watching an amusing epiosode of White Collar.
    Here's the preview of the episode:

    22 Aug 2012, 11:03 AM Reply Like
  • Based on history by the way!
    22 Aug 2012, 11:15 AM Reply Like
  • Did something happen after the Cindy Crawford ad? Sorry was left mesmerized and it has taken several minutes to regain my ability to type. However, for those unlucky enough not to have seen her, it appears the ad changes. Apologize for being so shallow.
    22 Aug 2012, 11:22 AM Reply Like
  • btw...


    Axion Power listed under "Hot Topics" on TSC web site.
    This should be interesting!
    22 Aug 2012, 01:12 PM Reply Like
  • wtb,


    I like that show and the number 357 is definitely a secret! Ha!


    22 Aug 2012, 11:15 AM Reply Like
  • Wow,


    Now NITE is the only one left at $.305!


    Not a clue really if / what that means but I am very tired of $.305!


    22 Aug 2012, 11:20 AM Reply Like
  • OT> This comment on a site somewhere really summed up my political views: "A totally inept Congress, owned by the largest financial and other special interests, will not resolve a thing. Congress would prefer to have the economy drop into an abyss that may well leave the Great Depression looking like a picnic in comparison. As long as Congress gets its campaign contributions and the financial community is free to run free of all constraints, they really don't care about anything else."
    22 Aug 2012, 11:54 AM Reply Like
  • I prefer a pithier summary: Congress is a foul stuck drain, the Administration is an AWOL banality, and the banks are distilled evil.
    22 Aug 2012, 12:03 PM Reply Like
  • FWIW, to reconfirm that $.305 has much more supply behind it than the 5k shown on offer at, I bought 10k @.305 shortly before noon and the 5K on offer didn't blink. Position now full.
    22 Aug 2012, 12:07 PM Reply Like
  • D-Inv: I broke down and added 6K+ to my conventional account, mostly unused, too. $0.305 and I didn't blink here either.


    22 Aug 2012, 12:50 PM Reply Like
  • (AXPW): TPOTSE - The Petersen On The Street Effect!


    Through 12:25 ...
    # Trds: 74, MinTrSz: 230, MaxTrSz: 49835, Vol 415242, AvTrSz: 5611
    Min. Pr: 0.3000, Max Pr: 0.3050, VW Avg. Tr. Pr: 0.3048
    # Buys, Shares: 72 411472, VW Avg Buy Pr: 0.3049
    # Sells, Shares: 2 3770, VW Avg Sell Pr: 0.3003
    # Unkn, Shares: 32 0, VW Avg Unk. Pr: 0.0000
    Buy:Sell 109.14:1


    I think this buy:sell ratio might throw a wrench into my percentge of sell that are short sales.


    Congrats to JP on publication and the effect we see on the stock today.


    Only questions remaining are how much overhang from sellers is really left and ...


    How many of today's buyers will flip at +10%, +20%, ...


    I'm thinking that's a hot money crowd.


    22 Aug 2012, 12:46 PM Reply Like
  • BTW: There were two early trades I had missed reporting at $0.30 at the open. 7.5K.


    22 Aug 2012, 12:52 PM Reply Like
  • HTL> " I'm thinking that's a hot money crowd." That would just provide some liquidity versus the ocean of shares that has been draining recently thru a .30 diameter pipe.
    22 Aug 2012, 10:50 PM Reply Like
  • I just took out 14k at ask .3045. Only 5k was presented. Now the ask is .305.


    Did I hit exactly the number of shares offered or did the MM just move it up after any sized order?


    All my shares were filled at .3045 even though I set limit at .305.
    22 Aug 2012, 01:03 PM Reply Like
  • Ranma, In theory if a mm shows an offer they are not allowed to pull it if you hit the same price shown for the number of shares showing. They were doing this for awhile to test interest and because they had faster computers closer to the main computer they could pull the offer when you tried to hit it. Now the SEC has defined it as illegal and far less of this is happening in my opinion. They will sometimes move the balance of what they are showing but that is different and legal.
    22 Aug 2012, 01:17 PM Reply Like
  • iindelco, I was expecting them to either pull it or only sell me 5k, not sell me 14k and then move the ask up. so they did not violate any SEC rule and in fact gave me better terms than I asked for.


    did I miss something from your response?
    22 Aug 2012, 01:19 PM Reply Like
  • Ranma, No you didn't miss anything. It's possible that you got what was showing and then additional shares hit the offer as well. I agree. They didn't violate any rules.
    22 Aug 2012, 01:25 PM Reply Like
  • I'm afraid that was the case. 30k+ shares just sold through .303. Somebody still wants out. That MM probably sold me more to keep unloading.


    Oh well, I had bid lower earlier today but then I realized I was quibbling over 50 bucks. Better to lose 50 here than to miss a big run later.
    22 Aug 2012, 01:36 PM Reply Like
  • 4000 at $0.303 making me not overweight, but morbidly obese.


    A price explosion when the sellers shares run dry would be the second best thing in life. Always remember, though, what is best in life:


    "To crush your enemies, see them driven before you, and to hear the lamentation of their women."


    I can't remember if that was Henry V at the walls of Harfleur or Conan the barbarian.
    22 Aug 2012, 01:54 PM Reply Like
  • I believe that was Genghis Khan.


    Nice catch there... beat me by .0015.
    22 Aug 2012, 01:56 PM Reply Like
  • Ivar the Boneless would have to be a favorite conqueror of mine and if he didn't say it, he meant to.
    22 Aug 2012, 02:18 PM Reply Like
  • “The greatest happiness is to scatter your enemy and drive him before you, to see his cities reduced to ashes, to see those who love him shrouded in tears, and to gather to your bosom his wives and daughters.”


    ― Genghis Khan (owner of the most common DNA thread among people living today)
    22 Aug 2012, 02:21 PM Reply Like
  • "...(owner of the most common DNA thread among people living today) "


    Jon, I thought that was Mick Jagger or Wilt Chamberlain? Or was that attempted?
    22 Aug 2012, 02:41 PM Reply Like
  • ii: Hilarious! Yesterday, I watched a terrific show recounting Wilt's 100 point game at Hershey, PA. Even though he had a "date" the night before, he arrived to the arena 4 hours early, and replaced his boredom by shattering the record for arcade rifle shooting.


    He knew he was "on" that night.
    22 Aug 2012, 04:03 PM Reply Like
  • Maya, Funny. If I recall correctly they don't have a recording and there was some level of controversy. Not necessarily about the 100 points but some other memories of events? Anyway, He was good on the court and it appears off as well in more than one way.


    Remember when.

    22 Aug 2012, 04:25 PM Reply Like
  • Actually, there is only one existing tape of the event. Back then, radio shows didn't tape their broadcasts. The biggest controversy about that night is what happened to the basketball.


    And, that Wilt jokingly said 50,000 people told him they were there that night, when the arena only held about 4,000.


    What was quite amazing is that the Knickerbockers, though down over 20 points with mere minutes left to play, was that they were trying to freeze the ball; not score to catch up, to spend the clock.


    I used to love that commercial!
    22 Aug 2012, 04:38 PM Reply Like
  • Thanks Maya. Read about it in brief some time ago. Can't even remember what had me researching it. But amazing especially with your added detail. Just imagine if he hadn't expended all that energy shooting the rifle! ;))
    22 Aug 2012, 05:09 PM Reply Like
  • Speaking of over-indulgence, has there been a recent Axionista share count survey?
    22 Aug 2012, 02:06 PM Reply Like
  • 0.305 is an iceberg order, you cannot see how much he is offering. But one thing is clear to me, when this seller is gone, we'll be sprinting toward 0.35! I added 10k and have a stop limit buy order at .306!
    22 Aug 2012, 02:08 PM Reply Like
  • nl---seems like a good strategy to me. Will be interesting to see how long it takes to trigger.
    22 Aug 2012, 05:41 PM Reply Like
  • what makes you conclude the next move is upwards? i agree thanks to the trailing price average but want to understand how the process leading to our mutual conclusion might have differed.
    23 Aug 2012, 04:30 AM Reply Like
  • Nay, the best thing in life is a giant finger to thine eternal enemy, The Evermore Bank, with the giggles of your bearers, delivered from the comfortable smiling perch of your litter as you're borne effortlessly along down the street, in sweetest gliding comfort...
    22 Aug 2012, 02:09 PM Reply Like
  • ...or doing that borne in a bricked Model S.
    22 Aug 2012, 02:25 PM Reply Like
  • Congrats to John Petersen for a great article at The Street. Can somebody toss me a gold star for being first to Thumbs Up like it and the first to post a comment?


    Monday I initiated a buy of 10,800 AXPW at .30 around 2 pm. I would not rise to the .3001 ask price. My order executed at 2:17 at .30 which brings my total AXPW share count to 17,200. I guess this makes me a bottom feeder too.


    I am very long AXPW and am looking forward to a pps of 33.33.
    22 Aug 2012, 03:16 PM Reply Like
  • I'll give you a gold star timzinski. Without readers who are willing to take the time to comment, even if they disagree with me, my blog would be far less useful than it is.
    22 Aug 2012, 03:34 PM Reply Like
  • Good post, Tim, and that's the Truth.


    Nice buy, too, IMO.
    22 Aug 2012, 03:39 PM Reply Like
  • Welcome to our mudhole, TZ.
    22 Aug 2012, 03:47 PM Reply Like
  • Thanks for the reply and the star, John! It is encouraging to receive some feedback.
    I have been reading/following for a few years but just recently got some cash to invest. My goal is to accumulate 100,000+ shares of AXPW. At an average in-price of .30 that would produce a $1,000.00 increase in value for each .01 cent increase in share price.


    I read the comments posted on the Street article but my comment was not there. At the time I posted I had some difficulty creating an account with user id and pw for Disqus so my comment must be floating around in cyber-space somewhere.


    22 Aug 2012, 04:57 PM Reply Like
  • Thanks, Mr. Investor. I think AXPW should easily float around the .57 area so we should be celebrating soon.


    22 Aug 2012, 05:01 PM Reply Like
  • Thanks for the Welcome, SMartin. I am glad there is room in the mudhole for another bottom feeder. I actually hope the AXPW pps stays low until I can get my fins on 100,000 total shares.


    22 Aug 2012, 05:05 PM Reply Like
  • Nissan realizing the importance of paying attention to the customer. Perhaps the Leaf was the shocking wake-up call?


    Consumer Reports car testing chief joins Nissan

    22 Aug 2012, 03:23 PM Reply Like
  • More info. on the new Ford Focus. Now I understand how they are offering it at such an attractive price. Helps the battery out some. A compromise in the cost of the compressor and the load on the battery. Yep, with an ICE the waste heat is free, pretty much. Not so for the air conditioning.


    "“We don’t have electric air conditioning in this vehicle,” she says, “so if we measure that the cabin temperature is going to exceed the customer’s climate setting, we will command the engine on to power the AC compressor.” And when it comes to heating the cabin, there is an additional water pump that circulates the engine coolant so that the heat from the engine block can be pulled off and directed to the cabin."



    So what do you "Southern Boys" think about this system. I've been down South more than a few times and I'm not so sure it would work so well in some of the areas I've been to for a large part of the year.
    22 Aug 2012, 04:35 PM Reply Like
  • On The Street . com home page there is a section in the right column titled "most commented" in which you will find a Tesla article:


    More comments on JP's article on The Street . com (a lot more) will help get him a few more readers by appearing in the "most commented" section... if, that is, we have anything to add to the conversation...
    JP's article (page 3 where you can make comments):
    22 Aug 2012, 04:44 PM Reply Like
  • Jon: For resistant cusses like me, who don't have a Facebook account, refuse to use Twitter, etc., "liking" relevant comments should help as well.


    But, I probably will fire up a dummie Yahoo! account so that I can comment in the future.
    22 Aug 2012, 05:02 PM Reply Like
  • Yahoo works (and is what I used, although all my Yahoo email account receives any more is spam and inactivity notices).


    Yahoo is easy to set up a "dummie" account. Might have to bring back those, "pretty smart for a dummie" commercials though, depending on strength of comments ;-).
    22 Aug 2012, 05:08 PM Reply Like
  • Author’s reply » New APC this way...

    22 Aug 2012, 08:13 PM Reply Like
Full index of posts »
Latest Followers


More »
Posts by Themes
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.