Mayascribe's  Instablog

Mayascribe
Send Message
Trade stocks by day, and at night am writing a historical epic about the ancient Mayan civilization. "Maya: Spirits Of The Jaguar" is a sweeping saga set in the ancient and magical Mayan landscape where a wronged family struggles against prophecy, power, treachery and forbidden love,... More
  • Axion Power Concentrator 46: Beginning Jan. 11, 2012 197 comments
    Jan 11, 2012 6:35 PM

    PURCHASE ORDERS! That's plural, folks!

    Another Thomas Granville interview, CEO of Axion Power International:

     

    Q: Can you give us a quick description of what the PowerCube™ is and how it works?

    Ans: The Axion PowerCube™ is a Battery Energy Storage System (BESS) that leverages our patented PbC® battery technology. The PowerCube™ integrates the batteries, power electronics, safety systems and computer controls into a complete system module. The current “building block” is rated at 500 kW but can be scaled to a 20MW system. The system can also be configured into smaller building blocks for residential or community storage initiatives. Our PowerCube™ can be configured to participate in the utilities ancillary markets, such as the frequency regulation and energy markets. Capabilities include providing power quality, back-up power, power smoothing and load leveling.

    In the utilities ancillary markets, we have partnered with Viridity Energy, a curtailment service provider (CSP). As an example, Viridity Energy bids the PowerCube™ into the frequency regulation market at various times during the day. If our bid is accepted, Viridity receives a regulation signal (REGA) from PJM, the RTO in our area. That regulation signal is transmitted to the PowerCube™ and commands the BESS to either charge or discharge. The system is capable of responding to the signal in 250 milliseconds.


    Q: How does the PowerCube™, with PbC® Technology, participating in the regulation market benefit the RTO, utilities and end user?

    Ans: In October of this year, the Federal Energy Regulatory Commission approved rule changes that reduced the minimum required amount of resources to 100 kW, from the previous minimum of 500 kW. This new minimum level for participation allows the PowerCube™ to participate in the utilities ancillary services. The regulation services correct for short-term changes in electricity usage that could affect the stability of the grid. It also helps PJM optimize the power generation and adjust the generation output to maintain the desired frequency of the grid. Previously, system operators have relied on slow responding generating resources to vary output to balance system frequency. Now,with assets like the PowerCube, those generators could be re-tasked to focus on load generation.

    Follow on Question: What is the response time of the PowerCube™ to the REGA signal and how does it benefit PJM.

    Ans: The PowerCube™ can respond to the REGA signal received from viridity in 250 ms. The roundtrip communication time between PJM, Viridity and the PowerCube™ is on the order of 3 seconds. Currently, utility assets (natural gas fired peakers) that are participating in the regulation market have 5 minutes to respond to the regulation signal. Fast responding assets like Axion’s PowerCube™ will benefit PJM by providing them with the ability to control the frequency of the grid in real time. It should be noted that the further the frequency drifts out of balance, the more difficult rebalancing becomes. The amount of power required to move back into balance increases geometrically, so it is incumbent that the provider respond quickly.



    Q: How does the PowerCube™ benefit renewable energy sources like Solar, Wind, Tidal, etc.?

    Ans: Incorporating renewable energy sources into the grid infrastructure is challenging. Energy from solar panels, wind turbines, etc. is derived from unregulated natural resources (e.g. the sun is blocked by passing clouds; the push of the wind is inconsistent in both force and direction, etc.). This intermittency makes it difficult for utilities to predict what their output will be, thus the importance of battery energy systems like the Axion PowerCube. The PowerCube™ is charged or discharged as needed to smooth out these natural irregularities, increasing the quality of renewable energy output and the value of renewable expansion.


    Q: The PowerCube qualified in the PJM market as a 100 kW resource. What is the benefit to PJM? Is the technology scalable to larger power ratings?

    Ans: PJM is able to re-task the generation assets that are currently being used for frequency regulation and optimize them for load generation. Fast responding technologies, like the PowerCube™ can be used to maintain the frequency of the grid in real time. The technology is scaleable in building blocks of either 500 kW or 1 MW.


    Q: There are many battery technologies available, what makes the PbC® technology better choice over Li-ion, Na-S, traditional lead acid, flow batteries, etc.?

    Ans: The PbC® battery represents the best value/performance fit for battery energy storage applications. It overcomes the significant performance limitations of lead–acid batteries (traditional and advanced) that include low cycle life and low charge acceptance, as well as lead-acids high module variation seen within battery strings. PbC® batteries are fully recyclable and a fraction of the cost of non-recyclable chemistries such as Li-ion. Both Li-ion and Na-S have significant safety issues, each with recent fire incidents garnering national attention. While Na-S batteries contain inexpensive materials, they are operated at extremely high temperatures and are especially unfit for mobile applications. In addition, they require hours to re-charge compared to our fast rate of charge – minutes or even seconds depending on the application.

     

    Q: Is the PowerCube™ a behind or in front of the meter resource and does it have any impact of the system design?

    Ans: Currently, the PowerCube™ is configured as a behind the meter resource. In essence this means that Axion acts as a virtual generator by curtailing load. When the PowerCube is commanded to take load from the grid it uses that power to charge its battery. When commanded to discharge, the battery is discharged into the plants load effectively reducing or curtailing its power consumption. The PowerCube can easily be configured as a behind or in front of the meter resource. The main impact is on system layout and interface with the power systems.


    Q: What other markets does the PowerCube bring value to?

    Ans: In addition to the portfolio of grid services, the PowerCube is capable of (frequency regulation, load leveling, power quality, backup power and renewable smoothing), it has uses in other markets that require dynamic power storage and utilization. Power back up for oil drilling platforms is one example. A modified version of the design is in the final stages of deployment in the hybrid locomotives market. We are preparing to release a smaller scale version of the technology for improving power quality in large residential homes and in community storage.


    Q: What type of battery management and/or remote monitoring is available?

    Ans: Axion utilizes our proprietary Battery Management System (BMS). The system allows us to monitor the health and State of Charge (SOC) of each battery. With this information, the computer algorithms can make intelligent decisions on how to operate the BESS. The PowerCube can be monitored and controlled remotely through a secure VPN tunnel.


    Q: Why is the charge acceptance and module variation of the PbC® technology important to the end user?

    Ans: The charge acceptance of a battery determines how fast it can be recharged and how many cycles it can participate in over a given period of time. The PbC® battery’s proprietary carbon negative electrode does not sulfate as does the lead negative electrode in a lead–acid battery. The result is a PbC® battery that can cycle much longer (3 to 4 times) and much faster (2 to 3 times). In grid applications, this translates into a significantly longer life product that bumps up against the utilities “length of life” requirements. Furthermore, in 2012 FERC and PJM will begin “pay-for-performance” market participation compensation. The exceptional response time of the PowerCube will provide an increased financial benefit to the Owner.

    In a series string of individual batteries, the overall string capacity is limited by the lowest performing battery. The module-to-module voltage variation of PbC® battery strings is ten times lower than that of lead–acid battery strings, which require frequent equalization charges and/or battery replacements to maintain system capacity over time. The end user of a PowerCube gets more capacity output with less variation, cost, and downtime – all contributing to improved ROI.

     

    Q: Does Axion provide the entire contents of the PowerCube™ or just the batteries?

    Ans:We currently provide the entire piece of equipment as a plug in module. In the future we will have others assemble this for us and in some circumstances we may just provide the batteries for an application.


    Q: Are there any installations currently using PowerCube™ technology?

    Ans:The PowerCube on our site is the first deployment of this technology. We have purchase orders for batteries and have other PowerCube proposals in various stages right now, but everyone wants to be able to see one and touch one that is actually operating in the marketplace. That's why we’re so excited to see our PowerCube in action.


    Q: Where does Axion go from here with this technology?

    Ans:As mentioned already, we have applications in numerous markets that alllend themselves to the unique characteristics of our product namely – increased cycle life; high state of charge acceptance; fast re-charge capability and low voltage variation in large string applications. The hybride vehicle stop/start market; hybrid trains; solar and wind storage; oil rigs; residential storage – are but a few of these market applications

     

    Thomas Granville has been Chairman of the Board of Axion Power International since 2003 and President and CEO since April of 2005. Prior to joining Axion, Mr. Granville served as managing or general partner for startups and emerging companies in the construction, commercial real estate, multi-family housing, and cable television industries. Mr. Granville also served as president of the National Elevator Industry Inc., a leading trade association representing elevator manufacturers and contractors.

Back To Mayascribe'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 (197)
Track new comments
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Last comment in the previous Concentrator from LT:

     

    I have been away from home with my mother all week helping her recover after surgery,,
    You guys have done a fantastic job with the stock price! Maybe I should leave every week!

     

    I just want to thank all of you for your posts, it kept me sane while away from a real computer to see all the trades, find articles, etc.
    11 Jan 2012, 06:38 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Quite a day, eh?

     

    Please thumbs up this Concentrator, which can be found directly above the first comment. Thanks!
    11 Jan 2012, 06:39 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Did anyone catch the biggest block today? The after hours selling sure smells like Quercus. You got to be really desperate for cash to take the kind of bath they've been taking. Yet, no Form 4 visible yet, so who knows? Nobody ever said the stock market was rational.

     

    Note: Posted this comment on the old Concentrator by accident. Sorry for double post. Would like to know biggest block traded if someone caught it.
    11 Jan 2012, 07:06 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » bang: Biggest trade I see on Level 2 after 11:00 AM happened after hours.

     

    29,473 were sold at 16:01:42 for $0.519. Then 955 shares traded at 16:01:42 for the same price. There could be many block trades that happened today that went off in smaller block amounts. I know I have before bought a block, and in Level 2 it "looked" like more than one trade happened, but it did not.

     

    Here's the best part. 9190 shares were bought at 16:04:42 for $0.561.

     

    Tomorow we're going to kick in the 60 cent door.

     

    Looks like a huge number of retail traders jumped in today, or added.
    11 Jan 2012, 07:19 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    ADVFN reports that 29K as a "form t". It could be from a trade begun as long as several days ago, if the ADVFN help text is correct. But I think it started today. And it may not be Quercus as it's not ~10% of the day's volume! (Joking! I hope they don't ever do 10% when volumes are like today's!)

     

    Supposedly this is just reporting the closing of the trade.

     

    Here's another curiosity. That 9,190 trade at $0.561 is tagged "prior ref". This is supposed to be a trade which occurred earlier but didn't report at the time, IIRC. What's up with that?

     

    I've also seen, but not today, "pr day".

     

    HardToLove
    11 Jan 2012, 07:28 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Definition of Form T trade: "" Last sale reports of transactions in designated securities executed between the hours of 4:00 p.m. and 6:30 p.m. Eastern Time shall be reported within 90 seconds after execution and be designated [as “.T” trades] with the unique trade report modifier, as specified by NASD, to denote their execution outside normal market hours. [Transactions not reported within 90 seconds also shall be designated as .T trades.]

     

    Transactions not reported before 6:30 p.m. cannot be reported through the NASD/NSX Trade Reporting Facility. Participants must use an alternative electronic mechanism to report these trades.

     

    (C) Last sale reports of transactions executed between midnight
    and 8:00 a.m. Eastern Time shall be reported between 8:00 a.m. and 9:30
    a.m. Eastern Time on trade date [as “.T” trades] with the unique trade
    report modifier, as specified by NASD, to denote their execution outside
    normal market hours. Such [T]transactions not reported before 9:30 a.m.
    shall be reported after 4:00 p.m. and before 6:30 p.m. [as .T trades] with
    the appropriate trade report modifier as specified by NASD. "
    11 Jan 2012, 08:23 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    If as another member reported there was even one 15 minute trade gap no one was anxious to sell.

     

    I had the guts to buy at .37 and .32 - but not at .25. Not mad at myself - I had a falling knife cutting me to pieces for months from about $1.16 all the way down to .32 I looked like a sieve! Most of the shares are at .65 or less thank god!

     

    Someday I'll tell everyone how insane my Axion trade has been given my circumstances. Twilight Zone stuff.
    11 Jan 2012, 08:28 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    @ bangwhiz: Yea.... I bought blocks in the .30s range as well.... thought about limit orders in the high 20s at the end of the year, but stood pat... it was the falling knife thing....

     

    Now i'm just enjoying the upward march, although a pull-back would be nice (healthy, at least)....

     

    Next major test will be around .67ish.

     

    -Jason

     

    Maya: hope all is well with you Mother and a speedy recovery...
    12 Jan 2012, 01:39 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    BW: Thanks. I'm not sure what to make of that as some parts conflict with information I was given on another board and some parts agree. I'll presume the NASDAQ rules are accurate and the information I was given before is suspect.

     

    You provided better information than a help desk. <sigh>

     

    Now you've given me a potential source (I found what appears to be the proper link - I hope) that I'll need when I start looking at the monthly FINRA transaction tapes to get the details. That's off in the future a bit.

     

    I bopped on over to NASDAQ and did a search and found the glossary! Yippee! No more depending on incomplete definitions from incompetent help desks and other users like me, working with partial or incorrect information!

     

    You just made life a tad easier for me!

     

    Another hole (partially) plugged. Now I can probably find the meaning of some others like "pr day", "seq", ... for which one was answered with "No one here seems to know" (the help desk).

     

    You didn't happen to bump into anything about trades around midnight with prices of $0.0001 did you? That's one I'd like to resolve.

     

    I wonder why I never thought of searching NASDAQ to start with? I guess I never thought that ADVFN was reporting stuff using unmodified codes from elsewhere.

     

    Thank you!

     

    HardToLove

     

    P.S. I *think* I found the right place - looking iffy ATM.
    12 Jan 2012, 07:55 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    BW: Either the NASDAQ glossary is not thst useful or I'm missing a link there.

     

    At http://bit.ly/yl3OwU

     

    all it says is "The form required by the NASD to report equity transactions after the market's regular hours".

     

    That's even less useful than the (apparently) bad information I got elsewhere.

     

    Got a link to help me on my way?

     

    Thanks,
    HardToLove
    12 Jan 2012, 08:29 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    HTL> Here is the source where the quote came from: http://bit.ly/xNhhsI
    12 Jan 2012, 11:23 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Thank you very much sir!

     

    HardToLove
    12 Jan 2012, 01:50 PM Reply Like
  • Frrat
    , contributor
    Comments (76) | Send Message
     
    Wow! Didn't notice we are moving to the new concentrator. I repost my comment here:
    Today is a great day for me. Not only because my account finally turn green, but also because I get my account back. I told my wife "thank you for not letting me average down, so now I have the cash to average up" ... Can't feel better.
    Congrats to all who have chances to average down and hold their shares tight. Don't let the present small hill make you feel exhausted. We have Everest to climb...
    11 Jan 2012, 08:49 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Frrat ... Post here. Post there. I guarantee a post will get read just as quickly either way. I can't keep them straight anymore myself.
    11 Jan 2012, 08:56 PM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Congratulations Frrat! Glad to see you are back in control. I too made it back from HELL and am in the green finally today!!!!!!!!!!!! Maya and my partner in crime both made it to the green yesterday. I am sure there are more prior to yesterday and even more coming.

     

    In your case hang on for the ride to the moon. Look for us on the top of Everest. 8-))

     

    Kent
    11 Jan 2012, 09:32 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    April 2011 I began research on adding a capacitor to the power center of our truck. I found Maxwell and was assembling/designing the installation of capacitor and necessary switching electronics when I discovered Axion - part battery and part capacitor with no electronics needed (I am very fond of high tech in a low tech form factor).

     

    Over the last 8 months I have pieced together a small holding in this company thinking that if a guy like me has energy storage needs that can shave a few dollars off the overhead then people with real power needs can benefit on a much larger scale.

     

    Why would TG go to the shelf when financing is so cheap? Think about it it, would you sell shares at $.8 when you are valued at $3? I can see a slow shelf dribble to meet the monthly (maybe) but a capital raise from the shelf alone would be insane right? A rising stock price and a looming (in a good way) shelf is sure to give TG a good position when negotiated financing right?

     

    The higher the PPS goes up the better the position we put TG in to get a good financing arrangement. If the numbers others have collected are correct, then the best thing you could do right now is to buy more and NOT SELL.

     

    Today my net worth increased by $30k and I didn't do a thing except what I normally do (move freight from here to there, easy stuff). We are 11 days into this year and we have good momentum. From my simple view we are in buy mode for some time to come...
    11 Jan 2012, 09:10 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Tim Enright ... I'm sure others can be more eloquent but the simple explanation is debt carries interest, debt has to be paid back, debt assumes a certain level of progress/performance which is presently an unknown. Debt may be OK for operations expenses but why not outright own the means of production?
    11 Jan 2012, 09:31 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    DRich. I like simple. Interest rates are very low right now. We are now ascending at a rate well beyond the current interest rates. We could average a PPS gain of $.01 a month and still do better with financing. But I will give it to you, I don't know the details of such things but if it were me, I would guard the shelf...
    11 Jan 2012, 09:52 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Tim> I don't know your business experience but I have built a small business from "zero" money - nata - nothing - using debt and receivable financing for 5 years. Growth was difficult. My partners were screaming for a million a year in sales but did not want to provide the working capital a business at that level requires. They were dreaming.

     

    You cannot grow a business to the size of Axion's aspirations (dare I say billions?) with debt. Capital raises are mandatory until you become an operating business with enough working capital and cash flow to operate the business, fund growth in both personnel and cap-X and still deliver a profit after it is all said and done. Forget debt at this stage - it would strangle the business's growth to death.

     

    So what happened to my business? I built a ecommerce website that owned Google's search results for our products and demanded payment by credit card, and with prompt payment (before we even knew if we had the stuff on the shelf) working capital issues were eliminated. Payment in advance of delivery. Then we landed a major account with a Walmart subsidiary that paid Net 7. It was an immensely profitable item (not everything sold to Walmart by suppliers is with 2% profit.) After that sales grew to over a million and we were drowning in cash.

     

    Axion can't do what we did - they have to raise the funds they need with the shelf - anything else will result in the slow, but certain, death of the business.
    11 Jan 2012, 10:08 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I have never seen a small company borrow money and not get creamed for it. Ener1 and Beacon are both in the tank because of their borrowing. I lost several million dollars on an oil company that used high yield debt instead of equity for expansion. I sold out of another client when it borrowed money instead of using equity. It's become a rule with me. Companies that use debt when they really need equity don't need me as a stockholder.
    12 Jan 2012, 12:41 AM Reply Like
  • bazooooka
    , contributor
    Comments (3686) | Send Message
     
    With debt Axion would have to cow tail to different masters. I assure you that SA shareholders are much more forgiving than bank officers. Also if you miss a debt payment or two you can lose your whole company. With a shelf you can always hope for better terms on your next raise. Many companies will have up and down rounds on their way toward a market cap an order of magnitude higher than when they were a micro-cap. I'm pretty sure we are still in the early innings here so it's no huge worry if we raise 10M at .50 vs .75 vs $1. Maybe someday Axion will be doing secondaries that raise 100M+.
    12 Jan 2012, 03:30 AM Reply Like
  • User432382
    , contributor
    Comments (89) | Send Message
     
    Hi everyone,

     

    I know Beacon is a bad example because of their current situation, but what about their financing arrangment they had back in 2010 described below. Would this be a good option for Axion? It sounds good on the surface with Axion's stock price starting to rise.

     

    "From time to time over the 26-month period, on any trading day Beacon selects, the Company has the right, at its sole discretion, to direct Aspire Capital to purchase up to 400,000 Beacon shares per trading day at a per-share price that is calculated based on the prevailing market price of Beacon common stock over a period preceding each sale. Aspire Capital has also made an initial investment in Beacon of $500,000, in exchange for approximately 1.5 million shares of Beacon common stock. Under the agreement, no additional sales can be made to Aspire Capital if the purchase price would be lower than $0.34.

     

    Beacon Power will control the timing and amount of any sales of Beacon common stock to Aspire Capital and will always know the sale price before giving notice to Aspire Capital to buy any shares. Aspire Capital has no right to require that any sale take place, but is obligated to make purchases from Beacon as the Company directs, in accordance with the agreement. The agreement may be terminated by Beacon at any time, at its sole discretion, without any cost or penalty".
    12 Jan 2012, 07:04 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    That kind of offering is referred to in the trade as death spiral financing. Ener 1 did it too, and so did Valence. It's perceived as a sign of weakness, not strength.

     

    Any time you feed a market more stock than it wants to absorb the price suffers. It doesn't matter whether the guy with the spoon is Special Situations or Axion power. Those deals only work because the buyer picks up stock and then immediately slams it back into the market, if he hasn't found a way to short the stock before he buys it.
    12 Jan 2012, 07:12 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    I got it now. I don't like financing and pay cash for everything unless my money is generating more than the cost of the financing. I have never had the option of a shelf so I assumed they might do both. I can see the risk in this now. Thanks for not hammering me to badly...
    12 Jan 2012, 07:41 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    You asked a reasonable question that deserved a reasonable answer. The only kind of financing transaction that scares me is debt because if a company isn't making enough money to pay the interest and principal from earnings, the creditors could end up with everything and the stockholders could end up with a goose egg, or if they're really lucky 5% of the company. My biggest losses have been in companies that borrowed money before they had the free cash flow to cover debt service. One of those companies cost me several million dollars. Never again.
    12 Jan 2012, 09:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Totally agree, John. I spend a lot of time among the junior miners, and that is a constant narrative there as well. Words to the wise.
    12 Jan 2012, 09:58 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    Rats! forgot to mention $6k of the $30k is due to my underwater (TSL) investment which is gaining momentum right along with (AXPW). This is a really good thing and I am sure by now everyone knows why...
    11 Jan 2012, 09:19 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Here is why old guys like me do not like bank financing for a start up:

     

    Bank of America calling loans on small businesses deemed too risky

     

    http://bit.ly/xDSpp1
    11 Jan 2012, 09:54 PM Reply Like
  • jveal
    , contributor
    Comments (644) | Send Message
     
    I bought my first shares before it hit 1.26 early last year. I bought a few more as it rose to 1.24. I'm glad I didn't find the Concentrator until November. I restarted purchases in November and continued to buy as it fell. My average is 0.37!!!!!! I have no more to spend because I am all in with my small IRA investment. If this continues it will not be small long. It will make retirement a real possibility. I also have a small portion that is a cash account. It will greatly help with our three kids' college. Two already in, third will be in a year before the first graduates.

     

    I say all of this to let JP, Maya, and each one of you who contributes to this Concentrator know what an impact this investment is going to make for my family!!!! Thanks to all of you who have shared your experience, skills, and perspective!!!
    11 Jan 2012, 10:00 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    You are most welcome from all of us that contribute. Your long term ownership of this stock will serve all of us well. Your family will get a very nice reward when Axion is valued at $10+. Congrats on your courage and conviction in the stock we all so strongly believe in.
    11 Jan 2012, 10:09 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Jveal - you are a man of my own heart. My circumstances are different but I am all-in also with everything I and my 92 year old mother have. Our investments will serve different purposes if successful, so I wish you and all of us good luck. People who held on and bought down to the recent bottom went through hell. We deserve anything we get if things work out as we hope. Good luck to us all.

     

    If the tension or frustration get to you try what I do, I go over to Brand X and bash a few bashers with the facts from time to time. They are like that kid's arcade game with the mallet - they pop right back up - but its fun beating the hell out of them from time to time.
    11 Jan 2012, 10:21 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » jveal: One of the wonderful things I had no idea would happen when I wrote my little summary of the June 20 Shareholders' meeting was that someday the human interest stories that will bloom and evolve from this Concentrator will be repleat with great, heartfelt stuff like you just wrote.
    11 Jan 2012, 10:55 PM Reply Like
  • bazooooka
    , contributor
    Comments (3686) | Send Message
     
    Great job getting your average to .37. I really went all in around 80 cents and will never be able to get my average down much lower (our of powder). Then again if this things really goes big I wont worry about the spilled milk. I hope you guys save some champagne for me as you ride your profits toward $1 and beyond.
    12 Jan 2012, 03:23 AM Reply Like
  • Renzo
    , contributor
    Comments (346) | Send Message
     
    John's about to hit 12345 comments. I expect by the time the comment odometer hits 123456, AXPW will have made us able to afford spare batteries for our Teslas.
    11 Jan 2012, 10:25 PM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (138) | Send Message
     
    I believe Axion will be above $1 next week and that Quercus will start exercising their warrants thus bolstering Axion's working capital. I've seen too many Cluster Fked stocks run this time of year, to believe so. Axion with little debt, and potential phenomenal future revenues, from licensing the PCB technology, is a too compelling a story not attract mo mention players. I for see a couple million share issued above $5 in March to supplement the options and warrants exercised, and sales revenues from PcB and regular battery products. CHU may cough up some dough too.

     

    Quite possibly Five Years from now, there will be 100 Million Batteries a year, being produced with Axion Power'.s proprietary Carbon negative electrodes.
    11 Jan 2012, 10:27 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Smart warrant holders never ever exercise them until the last possible minute. The shares underlying the Quercus warrant have not been registered under the Securities Act, so while Quercus could exercise them, it couldn't resell the underlying shares for six months. Besides, a warrant is only worth the net spread between the $0.75 exercise price and the market price. At a $1 stock price, the net value to Quercus is two bits. At a $4 stock price, the net value to Quercus is $3.25. A very common institutional strategy is to buy a unit offering consisting of stock and warrants, sell the stock and hold the warrants till hell freezes over. It's a free ride on the upside and when the upside looks large the last thing you want to do is exit early.
    12 Jan 2012, 12:46 AM Reply Like
  • bazooooka
    , contributor
    Comments (3686) | Send Message
     
    Quercus likely will not wast their cash to exercise warrants for a small gain. Why would anyone short change themselves 15 months of time premium. I bet they ride it till Spring of 2013 and then see where they sit.
    12 Jan 2012, 03:19 AM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    If you really foresee the price of Axion at $5 by March, then you really don't believe Quercus will sell any warrants before March.
    Quercus is an informed large shareholder. They are privy to the same information we have. They laid out their selling strategy for all of Axion shareholders to know and understand. Their is absolutely no facts to justify a comment that they would exercise warrants or sell those shares.
    12 Jan 2012, 06:47 AM Reply Like
  • Snowboard 2k01
    , contributor
    Comments (138) | Send Message
     
    Several referance have been made about The main Quercus priciple needing cash for a Solar enterprise he is President of. If he need casso bad that he sold millions of shares at less thanFifty Cents, why would he not exercise the warrants soon when they are worth a buck? The rules say he has to wait Six months to sell the stock to cash in.. By exercising the Warrants soon he improves Axion's cash position which I would assume further boost the stock price. N'est pas?
    No spell chucker in reply mode eeh?
    12 Jan 2012, 07:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    A warrant represents a right to buy a share of stock at a fixed price for a fixed period of time. Quercus can't exercise its warrants unless it's willing and able to write a check for $7.5 million. After writing that check it will have to wait six months before it can start turning the shares into cash. If the price is $1 it's net spread at the end of the day will be $2.5 million for investing $7.5 million it doesn't have today or it wouldn't be selling its Axion stock at a loss.
    12 Jan 2012, 10:40 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » I learned of six, count'em, SIX new shareholders of Axion I learned about today from just my base of friends. None of them own very many shares. But most of them have already realized 50 to 80% gains.

     

    Now one of them is already bugging me for my next pick. Sheesh!

     

    11 Jan 2012, 11:04 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    LOL, yep, "...but what have you done for me lately?"
    12 Jan 2012, 10:03 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    The penalty of being successful!

     

    HardToLove
    12 Jan 2012, 11:17 AM Reply Like
  • 23808
    , contributor
    Comments (87) | Send Message
     
    I am sure a lot of us bought this stock because we saw and believed the great potential of this company. As the price dropped, the true axionistan kept on buying. Looking back, we should thank SS and Q for giving us the opportunity to buy some cheap shares.

     

    We had the courage to buy at the end of last year because we were armed with wealth of information we learned from JP, KT and the concentrator contributors. Thank you again for your help.

     

    It was so compelling, I finally told some of my friends and family at the end of last year. I am not sure anyone bought. However, I know I did my good deed, sharing a home run stock with family and good friends.

     

    I sold a very small portion of my holdings this afternoon for trading purpose. However, this evening, I reevaluate my notes on this stock. The more I think about the reasons I bought this stock, my more I believe I made a mistake. (I bought this stock for the home run and not singles.)

     

    Human behavior is funny. I had the courage to buy when it was falling. Why I have to climb the wow to buy some more as the price is going up? Tonight, after some soul searching, I finally climbed the wow and will have the courage to buy more as the price is going up.
    12 Jan 2012, 01:50 AM Reply Like
  • bazooooka
    , contributor
    Comments (3686) | Send Message
     
    I told my friends and family at the end of 2010. Some of them don't like to talk about Axion anymore. =( I think this time next year it wont matter if you bought at .25 or 1.25, all will be in the black.
    12 Jan 2012, 03:17 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » This is fun.

     

    Here's a May 31, 2011 bill of lading showing Axion importing activated carbon from Kuraray Chemical Co. in Japan.

     

    http://bit.ly/AnieIv
    12 Jan 2012, 04:42 AM Reply Like
  • f-kru
    , contributor
    Comments (263) | Send Message
     
    Maya, I remember this was pasted on the board that shall go unnamed a while ago as well by KT or another smart guy with the name IIndelco.
    Afaik it was said that it's most likely prototype batteries returned to sender.
    In my opinion it doesn't say testing is over in general.
    The carbon is made of coconut fiber ;-)
    12 Jan 2012, 05:28 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Interesting finds Maya ... the creativity of posters on this concentrator is just unbelievable in finding news & pertinent info.

     

    I suspect BMW returning batteries was for AXPW to test them after usage.
    12 Jan 2012, 05:34 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Thanks, LT. Guess I got the date wrong. But it was Easter egg hunting fun messing around earlier this morning when it was raining hard, trying to figure out Axion's shipping. My initial goal was to find Axion Exports.

     

    Still neat to know there's another way to track what Axion is doing.
    12 Jan 2012, 09:10 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    Maya,
    You need to hang out on the Yahoo message board every once in a while. IINDelco found both of those last year! :-) We basically came to the same conclusions: 1) BMW was returning test batteries and 2) we then knew where Axion was getting their activated carbon from. The company's website even brags that their carbon is being used in PbC batteries, though they don't name Axion.
    12 Jan 2012, 09:51 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Oooo! This one I can't crack, but it sure does look like a list of stuff Axion would be moving around:

     

    http://bit.ly/wbHvtK
    12 Jan 2012, 05:07 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    The shipping information is great stuff. I did not know something like that existed.
    12 Jan 2012, 07:23 AM Reply Like
  • jlyleluce
    , contributor
    Comments (247) | Send Message
     
    Interesting finds Maya. I'm going to try to research this as well as not busy for a few hours.
    12 Jan 2012, 05:16 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Off Topic: Has anyone tried one of these smart thermostats? I am thinking of trying this one, Just curious if any of them actually save money or are they just another gadget?

     

    Fadell’s Silicon Valley startup, Nest Labs, has introduced a $249 thermostat designed to learn your habits and preferences and program itself to save energy without sacrificing comfort.

     

    http://bloom.bg/AkdkSt
    12 Jan 2012, 05:48 AM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    LT,
    Thanks for the article. I have been looking into the smart meter and house energy clean tech type products. I think house energy is the next low hanging fruit on the energy saving front. I had never heard of this product but it fits the bill and the pedigree of the company is great.

     

    I think you should give it a try. The price is right. It is simple. It will save you money.
    12 Jan 2012, 07:25 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    thank you and I think I am going to try it, I like the profile of the company too. ( I am an Apple user and love the simplicity that they incorporate and it seems the engineering copies that on this thermostat too)
    More comments appreciated
    12 Jan 2012, 07:54 AM Reply Like
  • LabTech
    , contributor
    Comments (1778) | Send Message
     
    LT,
    Haven't tried that one in particular, but having a programable thermostat is definitely a way to save money on your heating/cooling especially if you don't have anyone home during the work day. I routinely turn down my thermostat during the day and at night and then turn it back up when I get home and in the morning. The smart ones do it for you. They can save you quite a bit of money during the year.
    12 Jan 2012, 09:58 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    thanks
    12 Jan 2012, 10:10 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've just posted a new article about the supply and demand dynamic on http://bit.ly/yE6bt4 I'm hoping SA will pick it up later today but they may not. If they don't, I hope Mayascribe will consider it as the lead-in for the next concentrator.
    12 Jan 2012, 09:25 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Already read it John. Recommend eveyone else to read your article, too.
    12 Jan 2012, 09:34 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Thank you very much for the summary John.
    12 Jan 2012, 09:44 AM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    Another great article John. You have a gift in boiling down core concepts from various complicated streams of data.
    12 Jan 2012, 10:08 AM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    John,
    Nice summary of the selling dynamic. Axion is a very misunderstood stock if one simply is a technical trader. We will see a few small traders, scared holders, and those that take a profit because it meets their criteria. But most Axionistas will be here when the party is in full bore.
    12 Jan 2012, 03:27 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    Wow 237k shares 17 minutes in, some big blocks have to be going
    12 Jan 2012, 09:48 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Most of us were expecting this pullback and selling volume after a double from the lows in less than a month. It may even be healthy in the bigger scope.
    I do not believe it is long term...and there is nothing wrong with taking a few profits along the way.
    I am still underwater until .70....so I do not have that luxury yet :)
    but give it a few days! We are no where near where TG wants it to be for the shelf offering.
    12 Jan 2012, 10:03 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's all retail sized trades of 10,000 shares and under, but there seem to be a lot of them. I'm coming to like Mayascribe's church pew analogy.
    12 Jan 2012, 10:03 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I picked up 15k of them and have another order in for 5k.
    12 Jan 2012, 10:12 AM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    Just picked up some more at 51 cents. Buy low, sell high.
    12 Jan 2012, 10:04 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1288) | Send Message
     
    finally a pullback. can't wait to see how the day plays out.
    12 Jan 2012, 10:11 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Lurking at $.49 to add a few shares...
    12 Jan 2012, 10:15 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Today is what separates the men from the boys. Happy gorging, gentleman!
    12 Jan 2012, 10:19 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Yep, we need to shed any jelly fish we picked up along the way. We need holders with backbones, not invertebrates.

     

    Maya, welcome to JP's world. He "breathed a sigh of relief" when the stock hit $1.25 only to have that "sigh" turn into a horror show. On the good side you can ice down more "bubbly" for next time. (:<D
    12 Jan 2012, 10:36 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1288) | Send Message
     
    yo lay of the cephalopods.
    12 Jan 2012, 11:26 AM Reply Like
  • CoryM
    , contributor
    Comments (79) | Send Message
     
    I am sitting tight because you just never know when the next pop is going to come.

     

    I also like the pullback so that those looking for a quick buck sell to those looking to hold longer for the big bucks. This will also limit the supply creating a new leg up...hopefully sitting in the .60s by the end of next week.
    12 Jan 2012, 11:31 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    524,000 in less than an hour...going to be an interesting end of the week. A lot going on both buying&selling
    12 Jan 2012, 10:19 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    I don't begrudge people taking their profits. I'll be one of them someday.

     

    Whenever I see this kind of volume I just think that Quercus will be out that much faster and that's good for them and us.

     

    D
    12 Jan 2012, 11:50 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    I just checked - Quercus hasn't filed a new or amended Form 4 in Axion's SEC filings link. Where are they? Tired of dumping a probable future winner?
    12 Jan 2012, 11:53 AM Reply Like
  • KentG
    , contributor
    Comments (368) | Send Message
     
    Bang: Still no new SEC filing (just checked) but remember that the last form 144/A was filed 9 days after they started selling against it. They may be selling still and the amended 144/A will follow but also last time they filed 2 form 4's before 144/A was filed.

     

    The continued high volume IMO means the amended form 144/A and more form 4's are coming. 8-))
    12 Jan 2012, 06:41 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Fine with me - sooner they are gone the better.
    13 Jan 2012, 12:32 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    We are building a nice solid foundation that can cement in the recent price gains at a decent level for consolidation and underpin future price increases. TG probably waiting for stability before playing anymore aces.I planned to buy a new laptop next week, but think I'll move that into my account averaged at $1.00 as dry powder. Only 2700 shares in that account. My big holdings are in another account averaged at .60.

     

    There was a lot of buying at .40 to .45. At .58 those people had almost .50% gains in a few days.
    12 Jan 2012, 11:36 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Got my shares at .49. Now elbowing for shares at .48.
    12 Jan 2012, 11:49 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Anyone else seeing problems with the new comment indicator?
    12 Jan 2012, 11:55 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Yes, the comment indicator is screwy today. I thought it was just my computer at first.
    12 Jan 2012, 11:57 AM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    For those that follow ZBB they just received their UL ceritification -

     

    http://yhoo.it/wkg2yk

     

    After they get their 60 and 125 kw inverters UL certified, it may be possible for Axion and ZBB may have some joint projects ...
    12 Jan 2012, 12:07 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Oh boy, I like ZBB. Think they've done a good job. Hmmmm... Don't have any now. Got to go do some DD to catch up with the present. How do you view the stock Isd-Ism?
    12 Jan 2012, 12:23 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2745) | Send Message
     
    bang: I like your idea of an Axion - ZBB tie up.

     

    Axion for the high power requirements and ZBB for the longer term Energy storage. The PbC can shallow cycle many times a day for 10+ years with no apparent strain. The ZBr flow battery is a cost effective Energy storage device. I can't help but think it will have a lower $/Whr value then the PbC, once they get their production scaled up. My only question is if they need any expensive rare or precious elements for catalysts in their power cell. That might be a long term problem.
    I need to research that question.

     

    I own a small position in ZBB. Under water, naturally.
    12 Jan 2012, 02:14 PM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    "My only question is if they need any expensive rare or precious elements for catalysts in their power cell. That might be a long term problem."

     

    SHB -

     

    My understanding is that there are no expensive or rare precious elements involved with the ZBB battery.

     

    http://bit.ly/xGSyJ8

     

    http://bit.ly/w20pVh

     

    Also, ZBB is already pitching their ability to integrate various forms of storage into their Enersection platform.

     

    http://bit.ly/AoiIk1
    12 Jan 2012, 03:14 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2745) | Send Message
     
    lsd_lsm: Thanks!
    12 Jan 2012, 03:30 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    I am a ZBB holder. Averaged down at $.44 and sold some a t $1.25 to buy more Cheap Axion.
    Zbb is another good news company but the finances are tighter than Axion. Long term relationships with several big players. UL certification means 5 Million in back orders can now be delivered.

     

    No reason to think its anywhere near a $.70 stock. Unless you believe there financing will dry up. The Chinese market alone will be worth $2 per share in one year.
    12 Jan 2012, 03:32 PM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    BW - I have a distinctly positive view.

     

    I find these comments in the UL certification PR along with the rash of hiring to be significant:

     

    "The UL certification is a great milestone for our company. . . .The strategic design wins in our backlog have been driven by the benefits of this offering . . . "We can now begin shipping product from our backlog to customers who've been waiting for UL grid-tie capabilities."

     

    They also just put out a new January investor presentation too.
    http://bit.ly/Awl2U1

     

    I will try to put some thoughts together for you tonight.
    12 Jan 2012, 12:33 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    lsd_lsm, would you mind posting that to the group or copying me on the email?

     

    I own a small amount of ZBB and would love for it to go positive someday.

     

    D
    12 Jan 2012, 12:37 PM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    Not at all. I think many on this board probably have positions in both. Not sure where the right venue is though as this is an Axion board ...
    12 Jan 2012, 12:42 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Just throw it up here. Perfect place.
    12 Jan 2012, 12:54 PM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    BW and others, after seeing the interest in ZBB, I have decided to put a little bit more work into this and maybe post an instablog. I haven't tried publishing anything on SA yet, so I figured if I was going to put some thoughts together I would rather spend some time on it.

     

    Unfortunately, I also have two other deadlines that I am contending with. Give me another day or two and I will have something finished.

     

    Does anyone know how I would go about publishing an instablog? (I assume I would have to take that route since ZBB is under $1).
    12 Jan 2012, 11:57 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    The bottom bar has a link for Instablog. If you click it a new page will come up that has a link in the upper right hand corner that says "Write a Post." You can either compose directly in the SA composer or cut and paste from Word. It's super easy.

     

    If you have any problems at all, shoot me a message with a phone number and I'll be happy to give you a call and talk you through it.
    13 Jan 2012, 12:14 AM Reply Like
  • lsd_lsm
    , contributor
    Comments (130) | Send Message
     
    Thanks, John!
    13 Jan 2012, 12:17 AM Reply Like
  • KirkTierney
    , contributor
    Comments (97) | Send Message
     
    On the topic of sudden rises.

     

    Playing with stock trading patterns is not my forte, but I do hate watching sudden rises where the minnows appear to be charging in based on minnow logic. The results seem all too predictable.

     

    It seems to me that if really sudden rises are happening without a known reason or new information, it is almost a service to AXPW to sell into them and flatten things a bit.

     

    I wonder why that does not happen -- not meaning you guys, of course.

     

    kt
    12 Jan 2012, 12:35 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    We have the start of a cup and handle (left side and start of the bottom). Just an observation.
    12 Jan 2012, 12:56 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    With due respect I'd suggest that the Axionistas are a bit more like a school of piranha fish than minnows.
    12 Jan 2012, 01:08 PM Reply Like
  • KirkTierney
    , contributor
    Comments (97) | Send Message
     
    With greater respect, the minnows I referred to are the un-informed masses who show up because some computer alert brought them in. This group is far, far from minnows who are swimming solely with an eye on which way everyone else is going.

     

    kt
    12 Jan 2012, 01:55 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    On falling knives and riding waves:

     

    The dogma, from what this novice has gleaned here, is that you shouldn't try to catch falling knives, but it is far safer to climb aboard a rising wave. Personally, I found it easy to average down by buying shares in the high 20s, but I cannot bring myself to add more just a few days later when doing so now increases my cost average and the risk/reward proposition has almost halved. Is anyone else having this experience?
    12 Jan 2012, 01:20 PM Reply Like
  • mrholty
    , contributor
    Comments (1135) | Send Message
     
    Many of us were not able to purchase any in the high .20s so this is still a way for many to purchase under their average share price.

     

    I cannot speak for others but my biggest losses were buying falling knives because they fall further and faster than you expect and some hit the floor.

     

    I think the key for each investor is to not get greedy as while the people on these concentrators probably have a better understanding of Axions business than even some of their current/future partners/competitors you never know what is going to happen. This company is not like buying Big Blue. In my investments I am a very risky person and I have a concentrated portfolio of which I never have more than 12.5% of my investments in. A recent wipeout of 80% in one of them has increased my % of my portfolio so I sticking with what I have. It scares me to see some people all in on this because while we love Axion we may never get an order from NS, or BMW for a host of reasons even if the PbC does better than proposed.
    12 Jan 2012, 02:08 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2745) | Send Message
     
    Yes :-))
    12 Jan 2012, 02:32 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    "It scares me to see some people all in on this because while we love Axion we may never get an order from NS, or BMW for a host of reasons even if the PbC does better than proposed."

     

    I'm one of those people, and if it scares you, can you imagine me watching the free fall to .25! What to do? Buy at .37 and .32 of course. Then hold on to the side of the roller coaster as hard as you can. Weeeeeee! Better than drugs!
    12 Jan 2012, 05:34 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    I love it, BW. The best part is that we have a picture of you so the roller-coaster-weeeeeee makes it all the more amusing.
    12 Jan 2012, 05:56 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2410) | Send Message
     
    But is it better than this?
    http://bit.ly/wizOnx
    12 Jan 2012, 06:14 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    That's me WT! :<)
    12 Jan 2012, 06:50 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    @anthlj:

     

    I, for one, have no problem adding to my position on this pull-back, and I've added below .50c a few minutes ago. At any rate, I'm not looking to trade in and out of this stock like some people. I plan to hold this one and see where the currents go. But, to be clear, I'm using risk capital and I can "afford" it to go to 0.

     

    Everyone must have their own gut-check. Good luck to all...

     

    - Jason
    12 Jan 2012, 02:25 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    BTW, a pull-back to previous resistance of .48c would be healthy IMHO. Were not there yet, but could hit it before the day is out...
    12 Jan 2012, 02:28 PM Reply Like
  • Articula
    , contributor
    Comments (283) | Send Message
     
    For non technical analysts can you explain why .48 is healthy?
    12 Jan 2012, 02:37 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    @Articula: To give you a very simplified answer (H.T. Love could do better). Support / Resistance (in technical analysis, anyway) sometimes mark the intersections where buyers/sellers converge (to a particluar price point) Once this volume is "satisfied", the price sometimes will move (in either direction) with "conviction" (conviction implying higher volume). Thus some traders use Support / Resistance to determine their buy/sell points.

     

    Again, this is a very simple answer to an entire Ph.D field of study.
    - Good luck
    12 Jan 2012, 03:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (AXPW): 14:18:17 buy:sell 610,677 and 610,392. Can you spell "one-to-one". I just found it interesting on this volume to see that.

     

    HardToLove
    12 Jan 2012, 02:50 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Now that you've given me another data series to obsess over, I will be most interested to see the daily FINRA report. FWIW, yesterday's number was 546,788, which suggests that substantially all the sales were certificated shares.
    12 Jan 2012, 02:56 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Hah! A reason to feel less guilty for my excessive posts! ;-))

     

    Kidding aside, I'll try and have a one-liner up around 23:30 your time daily. That particular one is usually available around 17:30 EST/EDT daily. Only occasional lateness since they fixed the first bug I reported to them.

     

    HardToLove
    12 Jan 2012, 03:19 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I'll see it in the morning because I tend to turn into a pumpkin before then.
    12 Jan 2012, 03:20 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    John,
    The significance of the certificated shares?

     

    Not shorted?
    Longer term holders?

     

    Thanks
    12 Jan 2012, 03:24 PM Reply Like
  • CoryM
    , contributor
    Comments (79) | Send Message
     
    12 blocks at 20,000 shares or more so far today. Of the 413,148 total in those, 41,000 went at .49. All of the rest went at .50 or .51.

     

    I fear the MMs and their ability to move a stock. I wonder if this was manipulation for their benefit or there is someone else loading up here. Regardless it looks like good support.
    12 Jan 2012, 03:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    IMO in general, when there is good volume with adequate buyers and sellers, the market-maker doesn't need to move it much. I *believe* that market-maker manipulation generally happens only when their portfolio gets excessively long or short and the current price needs to be moved to a point where the market-maker won't lose money.

     

    When not in that situation, they get a small fee for every transaction where they take the other side of a trade - small for removing liquidity (selling) and a bit more for adding liquidity (buying), IIRC.

     

    With good volume they make good money. And because we have so many market makers effectively competing with each other, excesses should be minimal I think.

     

    That's assuming no collusion ("GASP!" says my tin-foil hat).

     

    HardToLove
    12 Jan 2012, 03:37 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    When a company like Axion does a private placement, the stock is issued in the form of a physical stock certificate that has a legend on it relating to transfer restrictions. When the shares are registered, they remain restricted until they're actually sold to somebody else. That means every time a selling shareholder does a transaction, the paper has to go from his broker to the transfer agent and then back to DTC in electronic form. Then proper delivery can be made.

     

    With the way the FINRA rules work, the market maker is not treated as having actual control over the shares until he gets them back in physical form so he has to treat the sale as a short until the paperwork is done.
    12 Jan 2012, 03:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    What was I thinking?! The worst thing is to have to depend on somebody else.

     

    Here's the web version that you can C & P right into your spreadsheet.

     

    http://bit.ly/tdnpMf

     

    Just go down to the one that is headed "ORF" and click on the day you want to examine. Then either use your search (Ctrl-F? - depends on browser?) or scroll down.

     

    We're lucky on this one because that's the only place it is reported. When we get a major listing, it will be different.

     

    HardToLove
    12 Jan 2012, 04:01 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I did some surfing yesterday and found the site because there were a couple of single day holes I wanted to fill if I could. It's now in my screen-top bookmarks bar for quick daily reference.
    12 Jan 2012, 04:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    If you have others you want to track, there's other places to look that are not on FINRA. I can give you links, to save googling around. If you ever want them, just holler.

     

    IIRC, there's about 6 sites currently.

     

    HardToLove
    12 Jan 2012, 04:20 PM Reply Like
  • anthlj
    , contributor
    Comments (227) | Send Message
     
    Just read your altenergy piece and all is explained there.
    12 Jan 2012, 07:23 PM Reply Like
  • bobhaeger
    , contributor
    Comments (39) | Send Message
     
    Old money sold most of the shares yesterday?
    12 Jan 2012, 11:29 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It sure looks like it. The FINRA short number for yesterday was 649,648, or about 45% of total trading volume.
    12 Jan 2012, 11:35 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    If "old money" was selling recently...
    - There may be additional shareholders who lost faith during the recent precipitous drop at the end of the year
    - And are selling now with the view that the January run-up is *not* the beginning of a rally, but a Dead-Cat Bounce
    - Or hedging and selling a portion of their holdings now in case it is just a Dead-Cat Bounce

     

    (or maybe I just wanted to use the phrase Dead-Cat Bounce three times in a post)
    13 Jan 2012, 06:03 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've always figured the only important question is "how strong will the buyer be?"

     

    If you have 100,000 shares and sell them, you've just made yourself irrelevant to my future. The bright fellow who bought them, on the other hand, is very relevant to my future.

     

    At this point I'll give long odds that he was an Axionista or a lurker.
    13 Jan 2012, 08:13 AM Reply Like
  • 23808
    , contributor
    Comments (87) | Send Message
     
    Anthij
    I feel the same way. It was easier to buy when the price was going down because we Axionista knew the 2009 private placement investors paid .57. Therefore, in my mind any price below .57 was a good price. Now, the price is getting closer to .57, we are not getting as big a sale as before but the price is still good.
    However, after reviewing my notes : information I learned from JP,KT and the concentrator contributors, I got over the wow to buy more because I believe we are getting close to JP supply and demand inflection point and the price is still cheap. Therefore, I bought some more today. ( Buy only what you can afford to lose completely, this way there is no fear. Normally, I do not invest so much in one particular stock. However, as Axionista, I cannot help myself. It is so rare that we have so much information on a stock. )
    12 Jan 2012, 03:20 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » 23808: Good point about the $0.57 private placement behaving as a point of resistance.

     

    Welcome to the Axion Concentrator.
    12 Jan 2012, 03:30 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Giving what I'm seeing in Level 2, it appears that the 49 to 50 cent range is the new battleground. This is five cents higher than I believed would occur after the massive share exchange that occured at the 30 cent level.

     

    We could drop down to the 45 to 47 cent range, just as we dropped a nickle under the 30 cent battle.

     

    There is no doubt in this desk clerk's mind that the near term absolute upper threshhold for share pricing is 87.7 cents, because it is a known that TG stated back in June that he was targeting the shelf offering to occur when Axion's market cap hits $75M.

     

    With Special Situation's sell off, combined with Quercus', it's likely, and admittedly a SWAG, that the offering price will come in underneath the 87.7 price.
    12 Jan 2012, 03:42 PM Reply Like
  • Al Marshall
    , contributor
    Comments (631) | Send Message
     
    One thing about the $.57 price - that was two years ago and while progress has been slower than expected, Axion really hasn't had any substantial setbacks. What I mean by that is that the technology continues to prove out. We're at hundreds of thousands of shallow discharge cycles, we're years, not year into BMW's testing, PbC is proving very suitable for multiple major applications, and it appears that the company has proven that it can manufacture the PbC economically in moderate quantities while gaining high confidence that it should be able to do so for large quantities as well. So, from our current vantage point, the risks would appear to be greatly diminished. The one negative factor is the current cash balance. This latter point can be quantified by the price and volume of the next financing event. Even if it is $17m at $.50, that's 34m shares or roughly a 34% increase from the current fully diluted share count of ~100m.

     

    Going with JP's point that these share sales take place at a 50% discount to value, you could argue that $.50 is an excellent entry point for an individual investor.

     

    I'm fully loaded on Axion shares. I got to that point because I believed that I had a strong understanding (thanks JP, KT and the rest of you) of Axion and its opportunity and that the lower the price got, the more compelling the buying opportunity became.

     

    For me, the supply/demand dynamic is a separate issue from the fundamentals. Yes, that's what determines the price on any given day, but the fundamentals largely drive the long-run and I'm that's why I invested in Axion.

     

    If you/we are still around for that $10/share long-run price, an entry point of $.50 or $.30 will make little difference unless the entry price determined the number of shares you purchased.

     

    One other point is that Axion is still an under-followed and under-valued stock. If you are buying such a stock on the way up, and are following it closely (we Axionistas are the veritable prototype of following a stock closely) you should buy on the news. The market will often under-appreciate news for such out of favor stocks and you can realize the benefit of buying on that news without having to pay the full-price for that news.
    12 Jan 2012, 04:46 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    Post of the week, IMO. Well done!
    12 Jan 2012, 05:00 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    Just one point you made that I think should be addressed. The 50% share price discount JP has spoken about as being typical only relates to PIPE transactions or private placements. On a public offering, which is what Axions next financing round will be, the discount can be and usually is significantly less. In some small circumstances where you have a lack of supply and have shown a robust demand (like we hope is the current case with Axion) the offering can potentially be for more than the current market price.

     

    A pharmacuetical company I follow (RIGL) made a public offering last year at $8 that was nearly the same as what the current market price was trading at ~$8.20. Last year another company I follow in the REE space called Great Western Minerals did a public offering at .63 while the price was trading at .67 raising 17M. Two totally different companies from each other and Axion but I believe it shows more accurately what a typical discount for a public offering can be as opposed to a private placement.

     

    If I am wrong or someone can clarify further please feel free, I just felt that should be addressed...hopefully I did a decent job of it.
    12 Jan 2012, 06:19 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    Nice post...practically begs for a post by others here: Who might the underwriters be and why?, Is it even realistic for a company like Axion to issue publicly in this mkt? What size and timing would be optimal?, etc.
    12 Jan 2012, 06:49 PM Reply Like
  • bazooooka
    , contributor
    Comments (3686) | Send Message
     
    Maya I agree that TG would not do the offering until our cap was above 75M but I don't think major resistance will defeat the supply and demand dynamics of our locked down float. If we can run to .87 then we can maybe run to 1.87 or more (imo), assuming this all happens before the Spring offering.
    12 Jan 2012, 07:27 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » bazoooka: I'm hoping TG has enough purchase orders and announcements before the shelf that he can actually do the offering above $0.877.

     

    That would take a whole lotta new impulse buyers who don't read JP's articles, or this Concentrator.

     

    I just want it clear to the newer shareholders and readers of the APC that this threshold exists.

     

    But...I like your thinking.
    12 Jan 2012, 08:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I don't expect Axion's next placement to go off at anything close to a 50% discount unless the buyers agree to resale restrictions. The 50% rule of thumb I referred to is for large private placements in companies with limited liquidity. Axion has an effective registration statement for the offering, which means the next deal will be a public offering rather than a private placement. Axion also has a pretty high level of market liquidity which has built spectacularly since 2009. Under those circumstances a discount in the 20% range would be closer to the norm.
    12 Jan 2012, 10:52 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    Maya... I agree.... that .50c was definitely the battle ground today. In fact, going back to a 6 month chart: More shares changed hands at around .50c than ANY other price point.

     

    FWIW, on the 1 year chart, more shares changed hands at around .65c than anyother price point (based on daily volume).

     

    Hmmm... I doubt we see much below .50c for the foreseeable future, based on the price action today.
    12 Jan 2012, 04:04 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (1288) | Send Message
     
    strong close, i was very happy to see axpw take a breather. with today's liquidity AND a close above 50 cents we might still touch .60 tomorrow.
    12 Jan 2012, 04:14 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Third highest volume day in Axion's history for no apparent reason.
    12 Jan 2012, 04:18 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Yep. Tremendous volume day. But, I believe there is a reason for today's drop, and that's because many more people are trading "some" of their shares in to go long with the rest in "part-house" money.

     

    To me, this was a very healthy sell off.

     

    Likely so far this young year and the last three or four trading sessions last year, that the number of Axion shareholders has gone up more radically than in any month of trading before.

     

    Or for that matter, possibly any three months worth of trading.
    12 Jan 2012, 04:32 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    "More shares changed hands at around .50c than ANY other price point. I doubt we see much below .50c for the foreseeable future, based on the price action today. "

     

    Exactly my conclusion when I created this chart:
    http://bit.ly/y06R05
    12 Jan 2012, 05:42 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    My $.49 program did NOT trigger. Oh well, maybe next time.
    12 Jan 2012, 05:51 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    @tripleblack....I couldn't get filled at .49 either... I had to do .4975 to get a fill.... too many bids at .49 today. Not a bad thing!!! ;-)
    12 Jan 2012, 06:24 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    "Third highest volume day in Axion's history for no apparent reason." Reluctantly disagree JP on "no apparent reason" because the momentum players were jumping off the ship at the first sign of a down draft and the profit takers had plenty of profit to grab. I think that's why we had the third highest volume day.

     

    Now take me to the woodshed on my view. I've gotten plenty of whippings in my life.
    12 Jan 2012, 06:59 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    interesting stat: no correlation between them but shows how the interest in AXPW has increased.

     

    APPLE traded 7.5m shr. with 1 billion outstanding
    AXPW traded 1.4 m shr, with 85 million out
    12 Jan 2012, 04:21 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    gotta look at the dollar volume there though...

     

    AAPL volume is like $3 billion worth
    AXPW volume is like $750K worth
    12 Jan 2012, 06:07 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    I thought this was a pretty interesting article about two different cars GM is making, one with e-assist the other with S/S.

     

    http://bit.ly/zA6SC5

     

    It is on the GM volt site...funny.
    12 Jan 2012, 06:36 PM Reply Like
  • Mr Investor
    , contributor
    Comments (3221) | Send Message
     
    I go to the gm-volt dot com site everyday. The misinfo about the Volt has become legendary. It's no panacea, of course, but one heck of an effort by GM--I can't remember the last time they had a trailblazing car that forced a response from their competitors around the world. The plug-in Ford Fusion, e.g.

     

    Anyway, that site also posts some other topics, at various stages of Volt-relatedness (is that a Colbert term? lol). The 130 and 140 concepts are one such post. Funny how these days if a proposed car doesn't offer some sort of hybrid version, I view its' manufacturer as outdated and out-of-touch. Not a place any of them want to be. At least the overall movement is headed Axion's direction.
    12 Jan 2012, 07:17 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » This way to the next Concentrator:

     

    http://seekingalpha.co...
    12 Jan 2012, 06:59 PM Reply Like
  • jlyleluce
    , contributor
    Comments (247) | Send Message
     
    chased price last couple of days and was able to nab 10,000 @ .51 today. average now is just under .60. looking forward to day account turns green. My plan is as follows:
    Breakeven - Bottle of Laurent Perrier - already in fridge
    1 Dollar - Veuve Cliquot
    1.50 - Henriot
    2.00 - Pol Roger
    2.50 - Vintage Henriot
    3.00 - La grande dame
    3.50 - 4.50 ???
    5.00 - Petrus
    If price goes down, Safeway Generic beer
    12 Jan 2012, 07:07 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » jyleluce: I'm coming over for the Petrus!

     

    For me? $10.00, a brand new Jaguar, with "MAYA" on the license plate. New model looks pretty awesome. Target date, late 2015.

     

    Take a peek!

     

    http://binged.it/xdZm1S
    12 Jan 2012, 07:19 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >jyleiuce ... @ $10.00 I become homeless. I buy a new BMW convertible, update the passport and hit the road for at least a year or two.
    12 Jan 2012, 07:22 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Maybe by then that Jag will be a full hybrid, with a Gen3 Superlight Nano-fied PbC powerpack tucked under the backseat..
    12 Jan 2012, 07:25 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (2300) | Send Message
     
    jlyleluce.... just a long as it's not Old Milwalkee's Best...
    12 Jan 2012, 07:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    At $10 I get to buy a new HEV (even if I have to compromise on the lithium-ion battery thing) http://aol.it/yCPmAC
    12 Jan 2012, 10:59 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Sheesh, John. That's one hot sports car. But if I get anywhere proximate, I'm spray painting that Acura, your Acura, sunset pink, like much-to-do Aspen street walkers get their baby seal fur coats sprayed.

     

    But then, at ten bucks per, I expect you to oust all who live in your chateau. I need four or five rooms for myself!

     

    Still going to flatten a few tires. Or, hire Charles Gassenhiemer to do my dirty work for me.
    12 Jan 2012, 11:58 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I drove an NSX for about three years in the early 90s and it's the only car I've ever had that I still regret selling. It was red with an ivory interior and did zero to forty in an intersection. One hell of a car. I hope the new one lives up to the legend. The cool part is my press pass for the Geneva show arrived this week.
    13 Jan 2012, 12:18 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » Excellent! I hear that show blows away other EZ OEM shows. Please report.

     

    My fav was an Audi 5000 turbo, which my mechanic referred to as an, Audi-get-rid-of-it. But I will always remember an express Pittsburgh to Philly gang of cars that were averaging over 90 MPH for hundreds of miles. My most favorite and challenging drive of my life, on a highway with cops non-existent.

     

    Christmas Eve.

     

    Fav move was a Vet driver, who zipped up onto an entrance ramp, to pass a car on the PA Turnpike, so he could keep up with the pack. This happened 'bout 15 years ago. What a rally!

     

    At times I was pushing 120 MPH.
    13 Jan 2012, 12:29 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've driven the same Audi A-6 since January '98 and it's my second favorite of all time. It's getting a little long in the tooth by the calendar but has less than 100,000 miles so I can't bring myself to trade up.
    13 Jan 2012, 12:38 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    Looks like the old XKE which I thought was the most beautiful car in the world in the early 60's. I owned a pretty red 58 MGA back then. Spitting image here:http://bit.ly/zlZUMw

     

    Since I was a teenager I later traded it straight up for a tire smoking Ford 358 Interceptor convertible bored out to 406 Cu Inch with 3 2 barrel carbs on an Edlebrock manifold. It had so much torque the car would visibly rock from corner to corner sitting at a light.
    13 Jan 2012, 01:01 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    John, I usually just lurk here, and God knows I appreciate all your generousity...

     

    But for the first time I really do envy you. The Geneva show is one of the few items remaining on my bucket list...

     

    Any insights after the event will be avidly followed.
    13 Jan 2012, 10:31 AM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    I've got two press passes, so if you feel like a quick hop over the pond ...
    13 Jan 2012, 10:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Amazing! I wish I could do that, but my plate is too full to even contemplate such a personal treat! I have art shows already scheduled for the first 3 weekends in March (Pensacola, Orange Beach and St. Simons)... But I cannot thank you enough for such a generous offer.

     

    Maybe I am fooling myself that I will have a chance to tour a bunch of these international auto shows one day, I am no longer young and my health is poor, but there is no denying that I have now been tempted almost beyond my capacity!

     

    Thanks.
    13 Jan 2012, 11:18 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    DRich, @ $3 I become homeless and I buy a sailboat and hit the ocean for who knows how long...
    13 Jan 2012, 11:33 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Tim Enright ... Three Dollars? Really? I would have thought everyone here had their sights set a little higher, but that's OK. By the time I hit my target you will have been to sea long enough to get all trimmed out. Take a Sat-phone & keep us updated about your Port-of-Call, I might need to hitch a ride.
    13 Jan 2012, 11:48 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    All you free-birds are making me jealous. I will still be trying to afford better schools for my kids...what a drag.

     

    I guess I may still have enough to take them on month long excursions to the south of France, and my 6 year old is begging to see China. :-)
    13 Jan 2012, 12:09 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    Life is full of trade-offs and there have been many times I've wished for 60 years of knowledge and experience in a 30 year old body.
    13 Jan 2012, 12:14 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >jakurtz ... Getting both my kids through college is why I trade. Just 5 more years and it's over.
    13 Jan 2012, 12:17 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » I wish I could turn 60 years old more often than I did 30.
    13 Jan 2012, 12:17 PM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    "I've wished for 60 years of knowledge and experience in a 30 year old body."

     

    That is why I constantly barrage you with questions. I know enough to get myself into trouble (HEV) but I hope I am open minded enough to learn from it and other people's experiences who are much, much older...practically ancient. :-)
    13 Jan 2012, 12:21 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    If I was 30 again, I know I'd just hurt myself.
    13 Jan 2012, 12:45 PM Reply Like
  • jlyleluce
    , contributor
    Comments (247) | Send Message
     
    Nice wheels.
    Hmm, $10.00, I would vacuum the car and buy a new bone for the dog. Maybe even buy the Friskies brand of dog bone instead of the generic.
    13 Jan 2012, 12:52 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » The similarity is indeed striking.

     

    Coach Shaeffer used to pull up in his forest green XKE; bonnett longer than the Queen Mary, back when I was playing little league football. I, too, thought back then it was the baddest (coolest) looking set of wheels I had even seen.

     

    Cool looking little red machine you had, bang.
    13 Jan 2012, 01:12 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    My passport is current if no one else wants the terrible job of reporting on whats new in Geneva.
    13 Jan 2012, 09:09 PM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    Futurist, you go for it! It's bound to be a fantastic excursion on many levels, not least the august company...
    13 Jan 2012, 09:29 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Well I think its up to John ( and my bride) to decide if another old car buff should attend the show.
    13 Jan 2012, 10:00 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    It's a darned long trip for a car show but if you have the time and inclination I have the tickets to get us in the door. I suspect, however, that your bride might want to tag along.
    13 Jan 2012, 11:59 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1345) | Send Message
     
    DRich, $3 for the sail boat account and then it's really a function of time. If in May 2014 it's $5 then my Catamaran just got a little bigger. There will always be an empty berth for an Axionistas. We could go visit Maya when he is south of the border.

     

    jakurtz, having purchased two ended candles by the case for years, I am very content with my small solar powered and battery backed led. It's the simple life for me. You are a smart guy and will make it there much sooner than me I am sure...
    14 Jan 2012, 10:41 AM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    Thanks for the invitation to use your ticket. I will broach the subject with her. I can see the eyes roll, the " you Axionistas are all the same" kind of stare, and then her forgiving tone as she says "well if you pay for it with sales of Axion I suspect you can go". It will be way of turning the knife since she knows I won't sell while underwater.

     

    But I will ask her tomorrow. Again, thanks for the invite.
    14 Jan 2012, 07:45 PM Reply Like
  • John Petersen
    , contributor
    Comments (30629) | Send Message
     
    As long as you're not deathly offended by cigar smokers and cats, we even have a spare room you can use for a couple days.
    15 Jan 2012, 01:46 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >JP ... Let's hope those aren't cigar smoking cats. That would be weird but would explain the high maintenance expense of your kitties.
    15 Jan 2012, 01:52 AM Reply Like
  • 481086
    , contributor
    Comments (3431) | Send Message
     
    $1.00 I sit tight.
    $2.00 I sit tight.
    $3.00- I get nervous.
    $4.00- I get giddy.
    $5.00- I'm an emotional wreck.
    $6.00- $crew it! I go airplane shopping.
    12 Jan 2012, 07:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Well, sure as I open my mouth, here it is 19:44 and the FINRA daily short sales are all late.

     

    Oh well, as long as I'm here, buy, sell and unknown today are 758,067, 633992 and 40,352 respectively giving a total volume of 1.4326M and a raw buy:sell of 1.196:1. A decent ratio, slightly higher than my last look, IIRC, but not as strong as on the run up, of course. Buy:(sell+unknown) is 1.124:1, still a decent number.

     

    This is on a total volume of 1,432,590 for the day.

     

    Heads up - I think yesterday may qualify as a spike which *often* signals a (near?) end of a trend, rather than my early-day assessment that it was a volume build. With today's volume on a down move being higher than yesterday's volume, don't be surprised if a little more downward pressure appears.

     

    HardToLove
    12 Jan 2012, 08:05 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    OK,
    Lets take this from the top. First off I love great champagnes, so I suggest that Jlyleluce provide the Petrus at a destination of his choice at $5. Will be happy to show up.

     

    Second: I keep yapping about who is selling 1.5 million shares in one day. I don't know who this collective one or more fools are but GOD bless you every single one. Traders, scaredycats, or knowledgeable stock investors. To sell right before the crescendo is just foolhardy. But you will not be around to hear the wonderful chorus, so thanks for your short stay.
    12 Jan 2012, 08:47 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    "one or more fools "

     

    You talking to me? >8-O <<--- A fool or surprised person :-))

     

    Guilty as charged! But I haven't sold other than those 2 x 2.5K blocks at $0.487 I mentioned. And I likely will get them back cheaper and then have 2 x 3K instead of 2 x 2.5K. But that's the sort of things us "fools" do.

     

    Still long at 73K.

     

    HardToLove
    13 Jan 2012, 10:15 AM Reply Like
  • jakurtz
    , contributor
    Comments (1960) | Send Message
     
    HTL, I have to say I gave you a hard time about that and now look just about right back to where we are. Not too badly played my friend.

     

    For me, I just sleep really great knowing my position is my position but to each his own, of course.
    13 Jan 2012, 10:18 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    CORRECTION: 78K shares.

     

    HardToLove
    13 Jan 2012, 03:12 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    HTL<
    I knew you were a trader in your smaller accounts of Axion. You have made that quite clear. I certainly would never be inferring that you were foolish in having a long term Axion strategy and a smaller trading account. You, I consider a long term holder. Making money on your hobby of trading Axion is OK with me.

     

    But those traders that sold because their chart said to do so might never buy back in. After all a trader must make correct decisions many times. A long term holder only twice. In the case of Axion the stock might bust upward of $1 on the next day. $1.50 the day after. When would you buy back in?

     

    Its the stock market. All types play and all types win and lose. I'm only saying that few ever have the opportunity to own a disruptive new technology within a huge marketplace. Axion could conceivably be a 10 Billion dollar business in 5 years. That scenario is rare. But the dynamics of energy storage, recyclable lead, improved performance, and cheaper cost could actually make Axion the Intel of the lead acid battery business.
    The market is so big and the rewards so great that I think any who sold without the opportunity to succeed with Axion is a fool.
    13 Jan 2012, 09:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Futurist: Each style has it's own risks. Generally the longer the time-line, the greater the *exposure* to risk. So a long-term investor just takes a different type of risk on a longer time-frame.

     

    In both styles, risk management is important. For a long-term investor, diversification, percentage allocations, use of options, hedging, ... are commonly employed and each has it's own set of (opportunity) costs.

     

    For the trader, the risk horizon is of shorter duration and therefore theoretically has less risk exposure. The risk-management strategy is completely different and assumes at the outset that some percentage of trades will be losses. One basic strategy is to make losses small and gains large. There's the one I use - make as many as possible gains, even if smaller, and minimize losses. As I've learned more I've loosened that a bit and made a few that have been larger.

     

    As it turns out, this is my 5th foray into AXPW and I've made money each prior cycle. Sometimes I had to wait a few months, other times not. My last foray was two successful entries and exits when it was running up to and around $1. I would not feel really good right now if I had held on after it went >= $1.

     

    Well, *now* I might, but for about 9 months I wouldn't have. :-))

     

    I did buy a couple very small starter blocks around the low $0.9x and below area after it left the $1 area. I still have them. Some percentage of those two subsequent blocks were paid for by the profits from the trades, so my effective cost was much lower.

     

    Anyway, I took no offense - didn't you see the smileys? To folks wedded to a certain strategy, others might seem foolish. That's human nature, that's no bother to me and I don't take offense at the thought - just the expression of it! ;-))

     

    I don't consider trading blocks around a core a hobby. It's a strategy to ameliorate the opportunity cost of buy and hold. It's also a potential hedge. And the blocks are traded out of the same accounts as my core holdings. If I included the profits from my prior forays (which I don't - it's all in a big pot), my cost basis would be some pennies lower than my accounts show me.

     

    As to not being able to buy back in - one can always buy on a run up. You sacrifice some of the upside. The trade-off is *potentially* less risk.

     

    If you can't get back in with a comfortable feeling, you select another vehicle.

     

    As long as one is satisfied with the gains made and not obsessing with the gains they "could've" made, it's all good.

     

    MHO,
    HardToLove
    13 Jan 2012, 10:54 PM Reply Like
  • Futurist
    , contributor
    Comments (2109) | Send Message
     
    I agree with all you have said. Personally, trading has never satisfied my taste. I do it. I've done it. Made every error and many great wins. With Axion I have had my opportunities to get out high. Maybe its the depth of knowledge we think we have about the company. But whatever it is I just can't part with this stock until the company proves itself.

     

    I congratulate you on every good sale. I just know as an investor how hard it is to sell at $.5 and buy it back at $1. Not that that would be bad. Just difficult to mentally accept.
    14 Jan 2012, 07:51 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Futurist ... If no one trades there will be no price discovery, as in no movement. Such is the mechanics of the market. It is a near certainty that someone, somewhere will need or want to obtain cash from assets held. Whether that is profit or loss is of no consequence to the market. Even long term "strong hands" will trade and have said so right here in these Concentrators.
    12 Jan 2012, 09:18 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Author’s reply » DRich: I saw most of those who stated they were selling yesterday and today, were trading miniscule amounts when compared to their core holdings. I also saw people adding today. Heard from others the same.

     

    I'd be willing to bet that at least 80% of all Axionista stock held, is going to be held at least until a double from today's closing. I'm looking at least a quad before I consider peeling off a block (against my broker's finest wishes).

     

    Bang: Largely unnoticed today was the close, which was up, slightly. You may be right that we'll tick up a tad tomorrow, and that would in itself be a good sign. I think we're going rangebound for a few sessions, 47 cents to 54 cents--no bubbly thinking tonight!.

     

    Traders are living dangerously, though, like living on "The Island Of Dr. Moreau." We saw what a little 36 battery order has done for Axion's market cap (plus some pub). Another announcement, maybe an order more significant dollar-wise than most of us have invested in Axion, will likely take Axion up to another trading level, perhaps into the mid-sixty cent range.

     

    One of the things I read when weather was passing through early this morning, was that about two years ago the Marine Corps and Axion had a $1.2M grant to look into batteries for their Hummers (2009?).

     

    I can dig up the link if need be, it's on Axion's website.
    12 Jan 2012, 09:57 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Mayascribe ... I realize that most here will trade lightly. If ever there was a group of people that might understand that selling could mean watching the stock run away, it is this group. I have a core but I also have 2 blocks for no other purpose than to trade. I'm not sure what the price will be but I'm waiting for a more normalized pattern to emerge before starting. If the price gets to be too big a bargain again I'll split that purchase between the core and trade blocks.

     

    After all, a guy has to have something to do while I wile away the months to $1B market cap.
    12 Jan 2012, 11:24 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2240) | Send Message
     
    DRich> ... I realize that most here will trade lightly. If ever there was a group of people that might understand that selling could mean watching the stock run away, it is this group."

     

    Someday something is going to pop out of nowhere and a buck up or more will happen in a flash - big gap up. I don't want to try and catch it then - I want to be sitting up there pleasantly looking down.
    13 Jan 2012, 12:45 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >bangwhiz ... a man has to know his limitations. Upside & down.
    13 Jan 2012, 01:37 AM Reply Like
  • Pztrick44
    , contributor
    Comments (80) | Send Message
     
    Mayascribe:

     

    From the 10-Q dated Nov 16 2009 for the period ending September 31 2009 (http://bit.ly/w3EzXM):

     

    "On October 6, 2008, we received notice that we were the recipient of a federal grant for the development of new lightweight, high-powered batteries for use in vehicles operated by the U.S. Marine Corps. The first year, of an anticipated ongoing three year grant, provides $1,200,000 to us for the project. In December of 2006 and January of 2007, we presented our technology to branches of the Armed Forces. In February of 2007, after receiving a letter of support from the Office of Naval Research, we submitted a proposal to the Department of Defense. The proposal to further study the applicability of our PbC™ technology for use in military assault vehicles was sponsored by a U.S. Congressman. The grant was not approved in the 2008 federal budget but was resubmitted and approved in the 2009 budget, and we received formal notice on October 6, 2008. The potential three year $5,000,000 grant has an initial year funding of $1,200,000 and is expected to begin in calendar year 2009. Under the grant program, we the Navy and Marine Corps will study the feasibility of utilizing our PbC® products in their assault and silent watch vehicles. The next phase is the joint development and testing of the product, which is expected to be lighter in weight and more powerful in discharge than some of the existing products in use."

     

    I had just read this particular 10-Q last night so the bit was fresh on my mind :) Can we determine if the remainder of the Grant Receivable ($3.8M) was collected in fiscal years 2010 and 2011? It was a 3-year grant, but perhaps it got de-funded. (I'm about to head out of town for a Christmas in January weekend so cannot dig through add'l 10-Qs this morning :P)

     

    Some concentrator previously shared this article relating the tale of the Humvee Alpha and Humvee Bravo, two "Fuel Efficient Ground Vehicle Demonstrator" projects: http://bit.ly/y03VXg
    Maybe PbC is lurking somewhere under the hood(s)?

     

    edit: I see that it is the Army stated in this article, and the US Marine Corps/Navy referenced in the grant, so unlikely.
    13 Jan 2012, 09:23 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • $LINEQ shorts finally getting squeezed? LINE's largest holder, Omega Advisors, are "comfortable" with their $200M holdings of LINE
    Jun 18, 2013
  • I will be on Mad Money tonight in Cramer's Lightning Round with stock pick $LINEQ, which yields almost 9%, and yet hit a 52 week low today.
    May 30, 2013
  • Axion Power (AXPW) announces Dec. delivery of batteries to Norfolk Southern for new all electric yard switcher. Shares up 9.87%
    Jan 11, 2013
More »

Latest Comments


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.