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Mayascribe
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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 54: Beginning Jan. 25, 2012, John Petersen's Article On FINRA Data 208 comments
    Jan 25, 2012 8:32 PM
    John Petersen

    A few days ago I wrote an article discussing the FINRA Market Maker Short Sale data that H. T. Love was kind enough to share with me. I spent the weekend slicing and dicing with the data trying to get a better feel for when various selling stockholders influenced the market and what their relative impact was. My working thesis is that shares held by Blackrock, Manatuck Hill and one-quarter of the 2009 private placement purchasers are in strong hands while the following stockholders or stockholder classes have been pressuring the market over the last 21 months.

    (click box to enlarge)

    Working from the FINRA data, I calculated the number of shares that flowed into the market during each quarter starting with Q2-2010. Then I allocated the selling volume to Special Situations and Quercus based on their SEC reports. All sales that couldn't be specifically allocated ended up in the unknown column. The only number that's an outright guess, rather than documented fact, is Q4-2011 sales by Special Situations, which I've highlighted in red.

    (click box to enlarge)

    The relevance of this kind of analysis is that it offers fascinating insight into when the selling pressure was exerted and by whom. Reporting stockholders like Quercus and, to a lesser extent Special Situations, draw the bulk of the attention (and blame) because they report their activities to the SEC. In reality, the substantial bulk of the pressure came from invisible hands that were in there pushing and shoving around the exit along with the big boys. Like I observed last week, it's been like a fire drill in a sumo training stable.

    The importance of this kind of analysis is that it shows why the selling pressures of the past are not likely to be repeated in the future. I was surprised to see that the heaviest selling activity occurred during the Q1-2011 run up and the Q2-2011 run down. In both intervals the heavy hands weren't Quercus and Special Situations. Instead the bulk of the shares that flowed into the market came from the invisible hands.

    On a go forward basis I see the market as more supply constrained. The remaining shares that are potentially available for sale break down as follows:

    The Quercus Trust2,530,851
    Blackrock7,150,000
    Manatuck Hill7,200,000
    Strong 2009 Investors3,600,000
    Total20,480,851

    Quercus has been very consistent in its selling and I think we can plan on it accounting for 10% of trading volume until the last of its shares are sold. I believe the other potential sellers are more likely to hold, particularly if the price continues to firm. That belief and $5 will buy you a cup of coffee at Starbucks. Since total trading volume in 2011 was 77.7 million shares, as compared with 22 million shares in 2010, the market must find equilibrium soon.

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Comments (208)
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  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Last comment in the previous Concentrator from bangwhiz:

     

    They really just don't want to sell the PbC do they? Perhaps Axion doesn't have enough production capacity yet, or maybe they just don't want it unless Axion gives it to them. I hope someone else like East Penn can make PbC's and put a hurt on XIDE somewhere in their product line. I don't wish them well.
    25 Jan 2012, 07:59 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Please remember to thumbs up this Concentrator, which can be found directloy above the first comment. Thanks!
    25 Jan 2012, 08:00 PM Reply Like
  • Bob Haeger
    , contributor
    Comments (69) | Send Message
     
    TG in the Fall 2011 BI article (pg 58):

     

    http://bit.ly/zjl3gh

     

    “This is a good time to be talking
    to us as we have recently seen the fi rst
    commercial implementation of our
    technology on a large scale,” says Tom
    Granville, the chief executive of Axion
    Power International. “Our PowerCube
    can be used for a variety of
    solutions from storing different types
    of renewable energy to smoothing out
    the variations of usage on the grid.
    “It is then designed to tap directly
    into the grid and it can be easily controlled
    in terms of its outage. You
    can dump power in it whenever you
    want and supply it back as needed.
    You can buy power at off peak times,
    store it and sell it back if you wish. It
    has huge potential in the storage market
    especially for products like cars.
    We are receiving huge interest in this
    product and we have recently closed
    a number of important deals.”
    25 Jan 2012, 08:14 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    BOB> Wow - nice you called it to my attention: "We are receiving huge interest in this product and we have recently closed a number of important deals.”

     

    Yab-adadba-DO!
    25 Jan 2012, 09:03 PM Reply Like
  • f-kru
    , contributor
    Comments (256) | Send Message
     
    Hopefully that's more than the deals already announced: PJM/Viridity and the Mini-Cube for the Navy.
    26 Jan 2012, 04:04 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » bang: Reading the "risk factors" Exide has listed in its annual report is like reading a kaleidoscope nightmare. Pages 10 through 18...nine pages of risk factors! It will make you leap in glee.

     

    http://bit.ly/y7SKw7
    25 Jan 2012, 08:30 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    My wish for a pox on their houses is coming true! However, after very long reflection I have concluded that they were not out of line by refusing to share the award with Axion without sufficient consideration in return. XIDE did have to supply matching funds in the proposal and Axion had no available funds to share. It was rightfully all XIDE's money.
    25 Jan 2012, 09:03 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Maya..and others too...I ask a favor.

     

    After the concentrator gets 50-60 posts can we just make a new comment? (where it comes up at the bottom of the page) It is very difficult to scan 150-160 comments to find the last reply or comment that is near the top.
    We can always address who we are replying to. Thanks and no harm if u do not do it.
    25 Jan 2012, 08:30 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » LT: Not sure what you mean. Are you asking for me to create a new Concentrator every 50 or 60 comments?

     

    All new comments are flagged (most of the time) by the orange new comment tag.
    25 Jan 2012, 08:36 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    LT> I don't know quite what you are saying but sometimes I paste in a comment from above and then reply in a new separate post because the original post was so far up. No harm in that when you feel like it. It is still just one post. People can figure it out.
    25 Jan 2012, 09:10 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Maya, I am not requesting a new concentrator every 50-60 posts. I use an iMac and it does not show the orange flags. So when someone replies to you it sorta gets buried in the middle.

     

    It's not a big deal, I just have to read every concentrator several times finding new replies. I probably shouldn't have mentioned it, sorry.
    25 Jan 2012, 09:55 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » LT: That's new knowledge to me. I know JP uses a Mac. Maybe he can help you with this issue.

     

    I was worried that during my next teeth cleaning I'd have to zip home after the upper right quadrant to fire up a new APC! Then go back.

     

    Had 39 comments two days ago while I was yacking with my broker. Beat my over/under by 15!
    25 Jan 2012, 10:01 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    Maya, I think "most of the time)" captures the thrust of LT's request. For the past week or so I have found quite a few comments "new" to me but not flagged as such by SA. One example of a new message not flagged is your message noting setup of Concentrator 54.

     

    Listing of messages in order of posting would always place the latest (new) messages at the end instead of having them interspersed by "thread".
    25 Jan 2012, 10:01 PM Reply Like
  • Deamiter
    , contributor
    Comments (158) | Send Message
     
    I find that the flags only show up when I navigate to the concentrator from the "xxx new comments..." link at the bottom of the SeekingAlpha screen (or from an SA email). I'm not sure they're automatically placed every time I reload the page.
    25 Jan 2012, 10:53 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » D-inv: Founding SA father, David Jackson, wrote to me about three days ago that Seeking Alpha was switching hosts. [parahrasing] "A huge task."

     

    There may be some quirks. Over the years I've seen, experienced lots of quirks. Call this another SA growth phase.

     

    Hopefully, SA will solve it.
    26 Jan 2012, 12:09 AM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    You need to make sure you click the "Track Comments" box and that your browser window is sized to the screen. When you log in start with the home page, or anything but the concentrator, and you should have an orange tag at the bottom right. If you click it and follow that link back to the concentrator everything new will be tagged and marked.
    26 Jan 2012, 12:43 AM Reply Like
  • DaveT
    , contributor
    Comments (171) | Send Message
     
    I follow the new comments by including the Concentrator in my Website-Watcher "porfolio". As its name suggests, this is one (of several) programs that monitor web pages for changes and then highlight them. It's not ideal (every time the new concentrator is created you have to update the URL), and it is a bit of a techie program (which means you can do a lot when specifying what to ignore when looking at changes, but not everything), but it suits me, other programs might do an easier job if just the Concentrator is of interest. It also finds the length of the maturingConcentrator a bit much when it displays it (speed wise). I use WSW (by Aignes.com) to monitor message boards, company websites and the like.
    26 Jan 2012, 05:22 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (783) | Send Message
     
    In my case I reduce the size of the screen to display the "Track Comments".
    26 Jan 2012, 06:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Many sites use a piece of software in their operating array that treats new entries to the thread (new comments) as "read" by the user if they occur during a period when that user is either posting a comment himself or tagged by the system as "present" in the instablog. This has to do with how everything gets datestamped and is organized by the site resources.

     

    If we are seeing "new" wrinkles (which is what it sounds like) I would hazard a guess that we might have some moffins among either the SA staff or the new host who are trying to cope with the new environment. My personal experience moderating sites elsewhere has shown me that host changes usually follow a "selling job" featurinig claims of "better, faster, cheaper" service, and then problems occur because the "better" means loss of functions in subtle ways - the "faster" only happens if one gives up key abilities which worked fine with the old, "worse, slower, more expense" host - and the "cheaper" goes away as soon as you insist on the features you need to continue operating and servicing your customers.

     

    OR we could blame it all on Maya's solar flare.
    26 Jan 2012, 07:39 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Failure to flag correctly is a bug I reported over a year ago. AFAICT, not fixed. It seems to always catch the oldest new one one, but after that I just scroll and trust my memory.

     

    HardToLove
    26 Jan 2012, 09:11 AM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    LT, I pity you that you have never gotten the orange flags. There is no way I could have kept up with all the reading. I work on a mac and use firefox.
    1. I am permanently signed into SA
    2. In the browser window I type in "se" and my home page on seeking alpha comes up (my most common site visited) I click it.
    3. The orange tag pops up for every article that has new comments. (I have already tracked the articles I want to track)
    4. I then click the article and all new comments come up with the orange tag, it automatically loads the page where the first new comment is, I scroll down from there and everything new is tagged orange.

     

    Hope that helps.

     

    (Sometimes new comments are not tagged but I assume it is because those comments were written while I was on the page and it "thinks" I have already seen the comment.)
    26 Jan 2012, 09:22 AM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    thanks jak I hate to leave Safari, but may have to. It looks like SA could add a button that would load new comments at top or bottom of page as options.
    26 Jan 2012, 09:45 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    This is why I read SA just once a day after I receive the email noting that new comments have been posted. I use the link in the email to bring up the article/instablog with orange "new" flags.

     

    If I want to check in again later in the day, I use the Chrome search feature and type in the day and month "26 Jan" which provide me with a yellow highlight on all the comments for that day. Crude but it works.

     

    Reading once a day also helps with the addiction to this instablog <smile>...
    26 Jan 2012, 10:29 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    LT

     

    I lost my flag months ago!!!! I just click that notepad to see if i have updates
    26 Jan 2012, 01:23 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    "I assume it is because those comments were written while I was on the page "

     

    If that is what they have in code, it's a design error. Page content is loaded all at once (they had a partial load for a while as an attempt to speed up things). Content being added after your request is received should be omitted entirely.

     

    What should happen is:
    1. Get request to load a page
    2. Retrieve saved time stamp for last time that user visited that page.
    3. Generate new timestamp for visitation (exclusive locks on certain objects to prevent race conditions).
    4. Release exclusive locks and check current content for comments timestamped >= to that retrieved stamp and <= new time stamp.
    5. Build list of "new" comments and deliver all content only existing prior to new time stamp.
    5. Client (user browser) receives content (and I guess could be responsible for generating flag to relieve load on server).

     

    Being ignorant of browsers, I don't know what would need doing on a browser refresh.

     

    MHO,
    HardToLove
    26 Jan 2012, 03:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Tim, I also have resorted, in Firefox, to "highlight all" as a workaround. But that would miss any generated prior to midnight unless I want to check all of yesterday's too.

     

    HardToLove
    26 Jan 2012, 03:42 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Based on some comments suggesting that my tracking of short sales and related is not useful to some, I'm holding off posting it here.

     

    No offense taken - we all have different opinions and interests.

     

    I'll start putting it over in my little instablog unless a some folks think it should stay here.

     

    HardToLove
    25 Jan 2012, 08:40 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    a) it should stay here
    b) if not, please post a link to where you are posting
    c) but really, it should stay here; its part of the collective data that's here; and everyone in this chat room knows how to scroll down the page (and is capable of skipping over some comments if they choose to do so)
    25 Jan 2012, 08:44 PM Reply Like
  • DRich
    , contributor
    Comments (4426) | Send Message
     
    >HTL ... I don't pretend to totally understand your project but it is very interesting.
    25 Jan 2012, 08:46 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » HTL: I enjoy the daily tutorial and learning through your learning.

     

    I strongly suggest keeping your excellent work ongoing in these Concentrators. People can always opt to skip it.
    25 Jan 2012, 08:49 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Add my desire you keep the daily commentary here. Put summary conclusions and major questions in your blog.

     

    MAYA> Here's direct link at Axion to Batteries International story:
    http://bit.ly/wKEjgF
    25 Jan 2012, 08:59 PM Reply Like
  • DRich
    , contributor
    Comments (4426) | Send Message
     
    >All ... Sorry to barge in here, but I need a refresher answer. The price of the PbC we've grown to accept as .... IT ... is $250 USD. A friend just asked whether this price is the total price of the battery or the price of the electrodes. I went blank and don't remember exactly. Help.
    25 Jan 2012, 09:02 PM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    In an older version of their presentation (January 2011), Axion showed an implementation cost of stop-start with AGM as $150, with the present PbC as $250 and with the future PbC as $300. It's a meat axe approach but I've stuck with the $250 in the absence of a better number.
    26 Jan 2012, 12:48 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    HTL: Please keep it here! If someone is not competent enough to scroll down to the next comment, we really don't need them here anyway. The insight adds value to this concentrator IMHO
    -Jason
    26 Jan 2012, 04:00 AM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    HTL,
    It belongs here. If others don't want to read it, they can just scroll down. I don't understand half of it most of the time, but I still find it interesting. It's data that concerns Axion, so it belongs here. IMHO
    26 Jan 2012, 09:47 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Jon

     

    I agree with you !!!

     

    map
    26 Jan 2012, 01:28 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » DRich: The price is of the PbC is a guarded secret. JP has estimated that the "complete" PbC is $250 to $300, say for one you would use in your car. However, the ancillary costs go up dramatically when strings of batteries are used in a PowerCube.
    25 Jan 2012, 09:10 PM Reply Like
  • DRich
    , contributor
    Comments (4426) | Send Message
     
    >Mayascribe ... Guesstimation is good enough. I would hope the margin per battery is quite flexible in an upward direction.

     

    Thanks
    25 Jan 2012, 09:23 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » DRich: I hope so, too. One of the things I learned while reading Exide's annual report is that the cost of lead is going up pretty fast.
    25 Jan 2012, 10:03 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Not according to these charts:

     

    http://bit.ly/wGViky

     

    10% increase over the last month, but 20% lower than a year ago. Perhaps their prices paid are based on something else?
    26 Jan 2012, 01:27 AM Reply Like
  • mrholty
    , contributor
    Comments (816) | Send Message
     
    If we were to guess at the cost of an Intel/Dell relationship with an EastPenn/Axion battery that cost the consumer $250 would it be fair to guess at this time the split of revenue would be $150 to East Penn/$100 to Axion? If this is an end user price view of the world would it be fair to assume a 25% discount to a BMW/NS/industrial customer?

     

    I'm not even going to try to get into gross margins and ignore profitability because of unknowns due to fixed costs.
    26 Jan 2012, 01:21 PM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    I think the prices you're looking at are probably automaker prices rather than consumer prices, but the split seems about right.
    26 Jan 2012, 05:14 PM Reply Like
  • DRich
    , contributor
    Comments (4426) | Send Message
     
    This is so far off topic ... well, I just don't know but it busted me up.

     

    An Oklahoma Republican is pushing a bill to outlaw the use of human fetuses in food, because, as he says, “there is a potential that there are companies that are using aborted human babies in their research and development of basically enhancing flavor for artificial flavors.”

     

    http://bit.ly/x8hcN5

     

    What is in the water in OK? Sorry if it offends ... but ... Really!
    25 Jan 2012, 09:40 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    :-) Their water has been flouridated?
    25 Jan 2012, 10:05 PM Reply Like
  • Bylo-
    , contributor
    Comments (389) | Send Message
     
    But like he said, he read it on the internet, so it's got to be true, right? LOL!
    26 Jan 2012, 11:56 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Well, there's another SciFi novel shot to hell - Soylent Green, IIRC.

     

    HardToLove
    26 Jan 2012, 03:45 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    HTL...please continue to post your results here too, it is very valuable and pertinent TA.
    25 Jan 2012, 09:52 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    Context and "flavor" to NS locomotive capital budget and "Alternative Power Locomotive" terminology

     

    http://tinyurl.com/7fx... dated November 2010
    <Batteries Included

     

    A battery-powered unit would be part of a three-locomotive consist with two conventional units to help push a train uphill. Batteries would recharge while a train applies dynamic brakes heading downhill via a system developed by Brookville Equipment Corp.

     

    A prototype currently undergoing tests — the 1,500-horsepower "NS 999" switcher — features 1,080 lead-acid, 12-volt batteries. NS chose lead-acid batteries instead of nickel-metal hydride or lithium-ion models, which continue to be developed, says Thelen.

     

    However, finding an energy management system that can ensure equal battery performance when charging and discharging is proving difficult because current systems are limited and better ones need to be developed, he says.

     

    "We need to find the right battery management system," says Thelen, adding that it's equally challenging to configure enough batteries in the tight confines of an engine frame.

     

    NS' R&D department managers also are trying to develop a six-axle road locomotive powered by batteries. They're working with Penn State University researchers to test batteries and battery strings with a maximum potential of 3,000 horsepower, says Thelen.

     

    "We have a large R&D department, and it's a strategic benefit to do things independently as well as keep up with TTCI and other researchers, so we don't double up," he says.

     

    The R&D partnership approach led to the development of another alternative locomotive: a modified GenSet produced by Progress Rail Services Corp. that features two Caterpillar Inc. engines working in tandem to generate power. In 2008, officials from NS and Progress Rail — which is owned by Caterpillar — began to jointly develop the high-horsepower "PR43C."

     

    The repower locomotive features a Caterpillar C-175, 3,600-horsepower engine and a secondary Caterpillar C-18, 700-horsepower engine. The PR43C uses the larger engine when operating and smaller engine when idling to maximize fuel savings, reduce emissions and lower lifecycle costs.

     

    "The advantage is that we're working with Caterpillar, which has expertise in engine research and development," says Moorman, adding that Caterpillar also recently added locomotive expertise to its repertoire after acquiring Electro-Motive Diesel Inc.

     

    NS currently is using three PR43Cs — two owned by the railroad and one Caterpillar demonstration unit — and has four more on order with Progress Rail, says Thelen. The four new units will feature upgraded traction systems, control systems and modernized cabs.

     

    Although NS figures to consume a lot less diesel because of the alternative locomotives, as well as a number of other fuel-management measures, the Class I's annual usage still totals hundreds of millions of gallons. So, senior execs are analyzing the potential of synthetic — and perhaps lower-cost — fuels. The railroad has tested a coal-to-liquid fuel produced in South Africa that burns cleaner than diesel, says Thelen.

     

    However, to be a practical diesel alternative, the coal-to-liquid fuel would need to be produced domestically; NS is seeking a U.S. company to produce it, says Thelen.

     

    "We're trying to encourage companies to get into that business," he says.

     

    Fuel costs — and total operating expenses — also are factors in senior execs' decision to modernize locomotives produced prior to 1972. Workers at the Juanita Shops in Altoona, Pa., continue to rebuild four-axle GP38s into helper units renamed SD50Es. The units are stripped down to their frames and rebuilt. The SD50Es include new cabs featuring a low-nose, full-glass view instead of the former high-nose configuration, says Manion.

     

    "We have a fleet with a lot of age in it. The rebuilds can add 20 years to the life of a locomotive," he says, adding that work can be done at less than half the cost of a new locomotive.

     

    The goal is to rebuild 35 locomotives per year; so far, shop workers have rebuilt 175 units.
    25 Jan 2012, 10:21 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Very good and insightful document. Means the term "alternative power" embraces many technologies and not just the PbC. The repeated use of the photo of NS 999 over several periods was also revealing. Is nice that the photo is not in a trashcan somewhere and still being used, so no bad juju there.

     

    Great DD and sobering insight following mine and other's euphoria yesterday. It is obvious that they have invested a lot of time and money into investigating the PbC as a power source for an electric locomotive and hopefully for us the battery will perform as needed and our investments in Axion will pay off handsomely.

     

    As DRich told me they have no problem going sole source if the product works as illustrated by their relationship with Catepiller. If the thing works to their advantage they buy it.
    25 Jan 2012, 11:10 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    Everyone seems to expect an announced contract with Norfolk Southern any day now. I wanted to run my memory of things by my fellow investors to make sure I am remembering correctly. I'm trying to keep the broad perspective of potential products in mind.

     

    Didn't TG say that the powercube applications like the collaboration with Viridity and PJM would be first? I think I remember Maya mentioning purchase orders, plural.

     

    Norfolk Southern would be second. I also seem to remember that Axion was proceeding with other railroad customer(s) before final approval from Norfolk Southern. The previous battery company that tested with Norfolk had over 100 orders before the failure of batteries. Doesn't it stand to reason that there may be many other customers and purchase orders for Axion.

     

    From what I have read about the management of Axion, they are miles ahead of us with planning relationships needed to fill the potential orders. Once the PbC technology is proven by Viridity/PJM powercube or the Norfolk Southern locomotive, I suspect many other customers will be crawling out of the woodwork.

     

    Then you have BMW and possibly GM or Ford waiting in the dark shadows.

     

    I can't even imagine what it will be like if even 1/4 of the potential for Axion comes to fruition. Of course we all wait anxiously for the first report of a proven commercial application and the announcement of a specific number of orders. Until then we are still digging for another morsel of evidence that all of our hopes are still alive.

     

    Please feel free to correct my memory if I have stated something incorrectly.
    25 Jan 2012, 11:47 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    > jveal, others likely have more in depth knowledge of TG's expectations as I have paid greater/lesser attention to Axion over time. It is my clear impression, though, that several of TG's expectations have not played out and one such expectation involved NS. TG statements around the time of the 11Q2 financial report and conference call clearly projected expectation of signing a significant agreement by October 2011. Nothing happened and sometime afterward word surfaced on need by NS for completion of an environmental impact statement.

     

    My inference is that TG was surprised that the PowerCube advanced before the Norfolk Southern application and absent need for an environmental impact statement Norfolk Southern contracts might have preceded PowerCubes in commercialization.
    26 Jan 2012, 12:19 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Over the next several months the very optimistic side of me thinks:
    1. An NS order is imminent - several million dollars.
    2. Several sales to military are already in the works. State of Union address indicates USN is taking the lead in energy conservation.
    3. PC sales are going to take off.
    4. Exciting news at CC.

     

    The more realistic side of me thinks (IMHO):
    1. During last CC, TG seemed to have tempered expectations for the NS order saying it was a Q1 event and has been delayed due to environmental study. Expect announcement for order(s), but probably for only a couple slugs for near future. Locomotive testing doesn't seem to be finished.
    2. The zero energy building appears to be exactly that: "The" zero energy building. It is part of a pilot testing program. Link: http://bit.ly/w1tm7b
    Expect to see future sales after testing completed, but don't think we will see it in next few months.

     

    3. TG commented in an interview that purchase orders are in hand. Would expect for that to be for a handful of PC's. We haven't seen any further info on that besides the zero energy building.
    4. In my 2 conference calls as an owner of Axion shares, the CC's have not been a boon to the share price. Would expect any sales announcements to be made when they are made, rather than wait for CC.
    5. Not expecting oil rig sales to take off just yet.

     

    I would be elated to see a ramp up in revenue, but don't think that will take place until later in 2012 when more testing and evaluation is completed. Lots of potential, just think it is still early. We already know that start/stop is a couple of years out. Would like to see share price stabilize in the high 50's -.60's for a while and not tank like after last CC. Am confident Axion will resolve problems we had with last CC.
    26 Jan 2012, 04:35 AM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    The next conference call won't be till the end of March - 90 days after year end. The price is right at the 200-day SMA and a move up through the level is almost universally regarded as a bullish indicator. Total volume for the month of January is second only to March 2011 for the all time record and unlike early 2011, we don't have willing sellers lined up to sell blocks of shares that are roughly equivalent to last year's total trading volume. Everything I see right now points to continued upward movement with no "heavy-hands" to abort the run before the stock price finds a normal equilibrium. I won't predict how far the price will run or how long it might take, but an equilibrium price under $2 will be a disappointment for me.
    26 Jan 2012, 05:37 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Didn't realize next conference call wasn't tilll end of March. My bad. I'm just not expecting results for a couple more months..
    26 Jan 2012, 05:58 AM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Your analysis is a good conservative approach ... It will allow you to go to work every day and not worry about the day to day market fluctuations. I wouldn't be surprised that you are correct too as I have stated more than once.
    I hope with heavy sellers gone that the price gradually continues upward as JLP states below....anything from here up will satisfy me for a while just not revisiting that .25 unless I create more dry powder. Of course I will take the 10/100/1000 bagger overnight with smiles too!

     

    P.S. I would not put much faith in anything with Exide, they have problems....Penn, maybe and I hope TG goes with them. I have about as much love for Exide as Bang does.
    26 Jan 2012, 06:12 AM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    John how much of the selling do you think has come from large holders and institutions the past 2 months (compared to retail and traders)? Aside from the 10%+ Quercus shares should we expect SS to have been in there for greater than 10% as well.

     

    It's amazing the kind of volume numbers that have gone through the past 60 days. As long as there are buyers soaking up the float it wont matter if NS news comes later then expected. I'm starting to think that the real news is the volume we are seeing =)
    26 Jan 2012, 06:14 AM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    John,
    Tell TG he can't make any more announcements until I get my last bit of retirement money moved around. I need the stock to stay here for another week or so! ;-) Then it can go up to $2.00/share.
    26 Jan 2012, 09:53 AM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    We'll have a better idea of where the selling has been coming from (I hope) when the fund holdings reports are filed in mid February. Till then, the only things we'll be able to nail down are sales reported by Quercus. Ultimately I'm beginning to think it doesn't matter because the number of shares that might be available for sale pales in comparison to last year's total trading volume.
    26 Jan 2012, 10:48 AM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Wow. I see it is at .63 this morning. I hope we can stay up here for the close. Haven't sustained these levels since Summer. Inflection thesis is looking good.
    26 Jan 2012, 11:52 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Yes, but I still think buyers are near exhausted - largest block raded was 15,360 at 11:36, $0.62 with bid/ask $0.60/$0.63. Total volume then was about 139K. Now only 245.4K.

     

    HardToLove
    26 Jan 2012, 03:54 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    HTL... I'm a buyer who is not yet :exhausted". Anecdotal, only: I wonder how many "less vocal" supporter are out there silently accumulating... I'll bet the "google reach" from You, Maya, JP, et al is expanding more every day!
    26 Jan 2012, 04:16 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Perhaps could some of these smaller transactions be one transaction? i.e. 10000 shares broken into chunks as buyers are having trouble getting orders filled? i.e.
    $0.6200 2,530 OBB 15:39:17
    $0.6200 4,470 OBB 15:39:04
    $0.6200 3,000 OBB 15:38:38
    26 Jan 2012, 04:25 PM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (696) | Send Message
     
    I will buy all you will sell at $0.37 and I will start to sell at about $5.00.

     

    Any takers?
    26 Jan 2012, 04:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    JLL: Absolutely. And that is certainly one of the significant things we would note. "Having trouble getting orders filled" applies on both sides - buy and sell - possibly.

     

    But often a large order might be negotiated, e.g., broker-to-broker or between market makers, to get a fill that would appear as a single transaction.

     

    The lack of these larger orders appearing in a single transaction, in and of themselves, says something about what's happening.

     

    From the buyer's side, they may be entering smaller orders to try and avoid moving price up, thus letting them acquire more at better prices. But if it was big money involved, they wouldn't do it this way - a penny or two is not significant to them. They'd likely tell their broker "Get me 100K of AXPW anywhere below ... $0.65", e.g.

     

    The broker would be on the phone earning his fee and we'd see that transaction eventually as a single block. Probably in one of the "cross trade" times NASDAQ has designated.

     

    The fact that we aren't seeing these suggests my "exhaustion" scenario. Of course, exhaustion is relative. For the big buyers, I'm pretty sure they are out for right now. That doesn't mean there's no buyers now though, just that there are many fewer and they are more likely to be retail investors of smaller sizes.

     

    One the sell side, a similar call to the broker might be made to sell, say, anywhere above $0.60. Broker gets to work and earns his fee and we'd again likely see a single transaction covering the sale.

     

    When we don't have these sorts of situations, it implies that regular trades on electronic platforms are most of the volume and the market-makers are having to aggregate orders to complete any larger ones (in which case your scenario holds - a large order was there but had to be filled in small chunks).

     

    But it also suggests that there are no larger orders being filled.

     

    We can not know for sure which scenario is playing out.

     

    Because of the drop in volume we've seen and the buy:sell, daily short sales, ... I believe what we see is smaller retail orders dominating the action right now.

     

    That's not bad. It may mean nothing more than the rate of rise has decelerated but is still in progress. I just noticed something on the chart that suggests that as well.

     

    I'll post a comment at the end about that.

     

    MHO,
    HardToLove
    26 Jan 2012, 05:38 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Again, thanks for your reply.
    I'm learning.
    26 Jan 2012, 05:50 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    > HTL ... Shouldn't we consider that to some extent the change in share size of transaction could be telling us retail investors/traders have played a notable role in share price recovery from the .20s - .30s range. Simple arithmetic shows 10k shares costs $3k @ $.30/share and $6k @ $0.60.
    26 Jan 2012, 05:53 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    In line with comments, I'll continue posting my daily blather about short sales, etc. Thanks for taking the time to let me know my take was off-base.

     

    (AXPW): 1/25/2012 EOD stuff I've been tracking.

     

    I'll start a little different today - a little traditional TA. You might want to start drying some powder for another attractive opportunity. Never can be sure, but ...

     

    We have two "negative divergence" situations that suggest this.

     

    In spite of price making a new high and closing above the falling 200 day SMA, some early oscillators are starting to show a little weakness. The MFI (Money Flow Index) has dropped below 50 (now 44.32), continuing the down trend begun Thursday two weeks ago, 1/11. Since it is volume-sensitive, it's not surprising that it came out of overbought, but dropping below 50 often indicates a change to a down trend. It's *supposed* to be one of the earlier indicators and, as such, it is not as reliable as more lagging indicators.

     

    Matching the MFI in behavior is the RSI (relative strength indicator), which also is lower, with it's peak that same Wednesday at 89.43, in overbought territory. It dropped back to neutral on the lows of $0.4201 Wednesday and Thursday of last week (1/18-1/19) and turned back up, hitting 73.11 today (barely into overbought again).

     

    Here we are with a higher open, low, high and close but RSI and MFI are both lower than when the price was higher. No assurance can be found in these situations, but just wanted to give a heads up.

     

    Combined with volume tending to weaken a bit over the week or so, normal in a consolidation phase, we might see some more good entry points materialize.

     

    OTOH, these alone, when most other indicators are still neutral or better, aren't enough to hazard a guess. But we are bumping off a demonstrated resistance ($0.60) that may account for the reducing volume and weakened MFI and RSI.

     

    All told, may signify a nearing end of consolidation and a move to a new direction, continuation of the prior direction or consolidation at a different price.

     

    Either way, I've generated a bunch of dry powder and, if I can overcome may aversion to becoming even more overweight, I may do more than just replace my trading blocks.

     

    On to the daily drivel ...

     

    Buy, sell and unknown ended at 235,704, 73,758, and 21,000 respectively, giving total volume for the day of 330,462. Buy:sell ended at 3.20:1 and buy:(sell+unknown) at 2.49:1.

     

    Volume dropped 51% and short sales dropped 44%, a fairly reasonable correlation IMO. The fact that short volume is pretty close to the "buys" (only 39,738 less) suggests the market maker had received shares from prior sell orders (in response to which he should have promptly shorted into the market *or* the owning broker had shares in house). The fact that we don't have substantial upward movement in percentage or relative volume of these shorts also suggests that the market-maker is not in a bad position and a large number of sell orders (or at least a large volume of shares) are not currently flowing into the market-maker as sells.

     

    0118 Vol 473580 Sht 028000 05.91% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0119 Vol 575695 Sht 215158 37.37% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0120 Vol 341334 Sht 244934 71.76% LHC 0.4201 0.4900 0.4350 b:s 1:2.48
    0123 Vol 199038 Sht 126503 63.56% LHC 0.4752 0.5050 0.4950 b:s 9.42:1
    0124 Vol 677878 Sht 352177 51.95% LHC 0.4810 0.5900 0.5400 b:s 5.06:1
    0125 Vol 330462 Sht 195966 59.30% LHC 0.5500 0.5999 0.5850 b:s 3.20:1

     

    HardToLove
    26 Jan 2012, 09:33 AM Reply Like
  • Deamiter
    , contributor
    Comments (158) | Send Message
     
    Thanks HTL.
    26 Jan 2012, 09:50 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    CORRECTION: "Here we are with a higher open, low, high and close but RSI and MFI are both lower than when the price was higher. No assurance can be found in these situations, but just wanted to give a heads up."

     

    Didn't say what I meant to say. S/b

     

    "Here we are with a higher open, low, high and close than those previous extremes, but RSI and MFI are both lower than RSI and MFI when that higher price was lower than current highs. No assurance can be found in these situations, but just wanted to give a heads up."

     

    HardToLove
    26 Jan 2012, 09:58 AM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    HTL, Question:

     

    I notice you take into account the lower volume to suggest reversing direction or weakening. Did your TA take into account the double we just had? The double would suggest about a 50% reduction in volume, right? Just checking and as always thanks for all your posts! I really do appreciate and think them an invaluable asset to this concentrator even if I might push back from time to time on the conclusions just to create a good dialogue.
    26 Jan 2012, 09:59 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    JAK: The volume is considered the "truth teller". Price always has an effect on volume, especially as support, resistance is neared. Also if a run just gets "long in the tooth".

     

    Regardless of price, volume in combination with other factors, is one of the indicators used to help assess the trend, such as consolidation. Based on volume beginning to show weakness earlier, I felt we would soon be entering consolidation, especially as price was nearing these levels.

     

    Taking into account the double? Yes. It's one of the factors included in answering "what next". Seeing large volumes on the start of the run up, seeing early signs of volume weakening, knowing that typical behavior suggests at least a "pause" for a "breather", ... are all the things I *tried* to properly consider when I first suggested that we'd soon enter consolidation.

     

    That does *not* mean a reversal is a given. It's *possible*, as are moving sideways or up. A frequent outcome of reversal is a continuation of trend. But without established "channels" to add some weight to a particular direction it is hard to make a reasonable SWAG as to "what's" next.

     

    The only thing we know with reduced volume at a given price is that there are fewer buyers willing to come in *now* at *that* price.

     

    I believe that psychology plays a role: it takes a while for folks to become comfortable with the new price range or gain confidence that trend (up or down) will continue ...

     

    AFK (Away From Keyboard) for several hours now. Picking up wife returning from Chile.

     

    All MHO,
    HardToLove
    26 Jan 2012, 10:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Good Grief!

     

    "A frequent outcome of reversal is a continuation of trend"

     

    Was supposed to say

     

    "A frequent outcome is reversal or a continuation of trend".

     

    HardToLove
    26 Jan 2012, 05:41 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    As a reader of Price Headley and http://www.bigtrends.com, one of the main screens I keep up is the hourly chart. We're riding the upper Accleration Band (similar to Bollinger) which is a good thing.

     

    Williarms %R (he suggests a 30 period) is solidly in the top 20% which is a good thing.

     

    So things are looking strong on the 1 hour front.

     

    I would be happy to see us finish at.60 today and very happy if we push through .60

     

    Yesterday someone using the AUTO Market Maker had a near 100K offer in at .60, but this morning a different customer of theirs (most likely) is offering 10K at .5998 (probably the usual trick to get just slightly ahead of the big one at .60)

     

    Again I note that recently my Fidelity trades have been routed through AUTO.
    26 Jan 2012, 09:55 AM Reply Like
  • battman
    , contributor
    Comments (373) | Send Message
     
    Did we just go through 0.60?
    26 Jan 2012, 10:16 AM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Yes. I sold 5k at $.61 (it was a program I put in several weeks ago for a trading bloc I have hence decided I did not want to sell, but then got sloppy... I have been mistaking it for a Buy order lately...)

     

    Added Buy order for 20k at $.59 to make amends...
    26 Jan 2012, 10:21 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    To .61! So that big .60 offer is gone today.

     

    AUTO is now 5K at .6190, but best is NITE 2.5K @ .61

     

    But note best bid is 10K @ .5801, so a fairly wide spread at the moment.
    26 Jan 2012, 10:24 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Be aware that a change in hosts can sometimes result in unexpected and negative consequences. So many things that were working properly before can suddenly lose functionality because of a minor oversight, particularly if the file structure on the new host is different than the old host. A file that used to be in one directory is suddenly in another directory and the program that looks for it in the old directory can't find it in the new directory and voila: mayhem.

     

    You try like hell to make sure everything is working properly but you never learn about what you missed until you turn on the site at the new host. The usual reason for changing hosts is for more horsepower.
    26 Jan 2012, 10:17 AM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Yes, we just blew thru .60 to .61 ... but bid on schwab is .5801...

     

    so can we hold it? or climb higher?

     

    Your guesses are better than mine cause I don't have a clue.
    26 Jan 2012, 10:23 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    I'm still in the market for about 30,000 shares. Beating myself up for not having bought more in .30's, 40's and maybe now low .50's. If comes back to low .50's will buy, or on good news. About Christmas time, couldn't bear to look at my account balance and was worried about catching falling knives. Now don't want to average up. It's like Maya said "Axionistas are tough to please."
    26 Jan 2012, 10:47 AM Reply Like
  • battman
    , contributor
    Comments (373) | Send Message
     
    HTL, Maya, others, what would you like to see the close at that would point to more good times?
    26 Jan 2012, 11:02 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » battman: Anything above 60 cents at the close today kicks in all kinds of positive and bullish indicators...ahh, including my world famous church pew indicator ;-)
    26 Jan 2012, 12:01 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Hard to jam the pews when less than 50% of the people that showed up on a 25-day average come to church.

     

    But having said that, higher lows, higher highs, volume is reasonable (303.85K today) and solidly above the $0.60 resistance and the 200-day SMA.

     

    This *should* mean that we've at least left consolidation begun after 1/12 and have potential support at $0.60 now. RSI still going the wrong way, but MFI going the right way, suggesting money flow is better than neutral now.

     

    Williams %R is ZERO!

     

    Other oscillators now looking pretty good and $0.68/$0.69 are minor potential resistance. A stronger resistance, based on number of encounters, is around $0.73.

     

    Sans any negative indicators, I'll be adding to core tomorrow. Trading blocks will have to wait for a pattern to emerge.

     

    HardToLove
    26 Jan 2012, 04:13 PM Reply Like
  • battman
    , contributor
    Comments (373) | Send Message
     
    0.625 bid 0.6299 ask, would you consider this a not so aggressive chasing of the stock, that could escalate later in the day?
    26 Jan 2012, 11:24 AM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Deamiter,

     

    You had asked me a question about how many shares I thought the Axionistas held and mentioned your skepticism in my assertion that the appreciation of share price will not stop until the Axionistas decide to sell.

     

    Much earlier in the day I had asked SA to remove that comment you replied to because as I mentioned in my response to you I am trying to be less speculative in my comments and I wished I had just directed Battman to John's instablog called, "Why supply/demand inflections are different." Apparently they removed my comment 10 hours later after we had our correspondence. I ask SA to remove my comments now and then because I often question their benefit to the group and second guess them as I did in this case.

     

    Anyhow, My response to you was that if you look at the volume increase in Axion Power and look at the incredible increase in Axion concentrators and investors viewing this instablog, one can make a very strong case that the majority of new shareholders hang around here. Where else do most people hear or find out about AXPW?

     

    That being said it is speculative and while I believe it to be very true, you and anyone else can take the comment with a grain of salt, it makes no difference.

     

    (I just didn't want that exchange to vanish and you wonder what happened. I think I did that to Occam's Razor the other day when I deleted another one of my belatedly-judged unuseful comments.)
    26 Jan 2012, 11:21 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    Jakurtz,
    I really want to commend you in "trying to be less speculative in [your] comments" on this Concentrator. That takes restraint and discipline, but I do believe it pays off beyond what folks realize.

     

    For example, it took me almost a year of reading this Concentrator and watching the share price before I started buying big blocs of AXPW. In retrospect I would share the following:

     

    1) I was rarely impressed by comments speculating about where the price was going. In fact when I see a long string of these speculations -- IMO it brings out the trolls who want price to drop (to buy more or to cover shorts.) An occasional enthusiastic outcry is not what I am referencing -- but rather a long string of all the things we can do with our new anticipated gains.

     

    2) What REALLY impressed me were a) the depth of industry and product knowledge comments and b) candor about risks in the investment, price, etc. When I hear that much honesty by people who have an incentive to "talk their book" I sit up and listen -- and am more inclined to take action. The integrity and balance behind numerous comments on this concentrator (beginning with so many of JP's perspectives) are such a welcomed rarity on SA. And I think this kind of talk attracts more of the long-term investor like me -- rather than the short-term in and out trader.

     

    So thank you for your leadership in "trying to be less speculative in [your] comments" -- it is a lesson all of us need to improve upon..
    27 Jan 2012, 07:58 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Co-sign Mercy's statement.

     

    Adding on...

     

    The conviction of this group as the stock price swooned all the way to 25 cents was amazing. Along with the collective technical knowledge, its why this became my biggest position even down at 25 cents (though my lowest purchase price was .28).... well, in my case, AXPW is my biggest position after holdings in precious metals and Mongolia (with those two assets being about 70% of my holdings).

     

    I don't know about anyone else, but in my 16 years of investing going back to baby steps into mutual funds, I've never seen anything remotely like the quality of this group. The knowledge base is incredible.
    27 Jan 2012, 09:35 AM Reply Like
  • Deamiter
    , contributor
    Comments (158) | Send Message
     
    Thanks jakurtz -- I really like Mercy's comments here. While I appreciate John's analysis of supply:demand dynamics, it's not a one-way road.
    27 Jan 2012, 09:36 AM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Deamiter: "it's not a one-way road."

     

    Welcome to the past two years. The whole idea is that we are now getting on the other side of the road.
    27 Jan 2012, 09:45 AM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Thanks Jon and Mercy,

     

    I like to think my best contribution to this group was the article I wrote in concentrator 32 arguing why it was a buy at .30 even if the PbC never existed...you know the whole disruptive technology part of the company, nevermind the relationships with NS, GM, BMW, PJM etc? It gave me the conviction to continue buying and I hope it did others as well.
    27 Jan 2012, 09:48 AM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    Mercy...
    A refreshing summation and constructively critical observations!
    27 Jan 2012, 11:42 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    As of just a few minutes ago ($.61), I am green in all 4 accounts that contain (AXPW). I am not sure how long it will last so I will just enjoy the moment. My thoughts are with those who are waiting for this same experience.

     

    I can happen for me, it can happen for you...
    26 Jan 2012, 11:49 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Then you will really be delighted when it hits .61 X 2 = 1.22!
    27 Jan 2012, 01:53 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    "Then you will really be delighted when it hits .61 X 2 = 1.22!"

     

    OR, Yes but not selling then. Will shed 20% at x5...
    27 Jan 2012, 12:10 PM Reply Like
  • ChadUnderwood3
    , contributor
    Comments (3) | Send Message
     
    As Maya's nephew and benefiting AXPW owner (albeit at a much lower level than many on board), I figured I'd chime in with my elation at the escalation of the price into the .60's. I'm now up 33% on my initial investments, after buying in for the first time at .80, second time at .54, and then making my largest purchase at the .31 level. As hard as it is, I've ignored my panic over the decrease in price and instead declared to myself, "Trust your uncle! It's time to buy more!" Here's hoping to a continued climb.... Cheers!
    26 Jan 2012, 11:55 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Nephew: Sometimes it pays to listen to old farts. Especially about NFL Fantasy Football drafts! Danny Woodhead in the fifth round? I'll never let you forget that one!

     

    Glad you hung in there, buddy. Axion has a long way yet to fly.
    26 Jan 2012, 01:30 PM Reply Like
  • ChadUnderwood3
    , contributor
    Comments (3) | Send Message
     
    First off, it was eighth round. I just checked my standings. Right about the time you were pushing for Nate Burleson in your league as well I believe.

     

    When it comes down to it, none of this matters anymore. What matters is the AXPW train...
    26 Jan 2012, 11:07 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » I have to back check that 8th round thingy. Way wrong, about Nate B. Did you win your league? Nope. Bunch of capicola crapola, edges peppery spiced. But your Uncky did win his league. Did you?

     

    You are right though, Axion's going to pay off way better than any Fantasy league you or I have been involved with.

     

    And your pals who've invested are going to tell others...the beauty of the hubs, wheels and spokes theory.

     

    Certainly by now your mom has told you what I'm up this month.
    27 Jan 2012, 01:00 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Congrats Tim,
    I've also gone green. Does that ever feel good; no matter if momentarily. Hope everyone else gets that good feeling soon also. The fleeting moment has already passed as back in red even as I write.
    26 Jan 2012, 11:59 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Thanks, you too jlyleluce, I suspect I will join you... just glad to be through the .6x on decent retail volume...
    26 Jan 2012, 12:32 PM Reply Like
  • KirkTierney
    , contributor
    Comments (69) | Send Message
     
    I read with interest JP's article on the German growing disenchantment with solar power. But near to this topic is a major opportunity: Rumblings that the German grid is being destabilized from wind and solar long- and short-cycle fluctuation. The need is urgent.

     

    I believe that Axion is actively "on it", so consider what they were able to recently show with their PJM/Viridity work, their Envision work, and such. This is a huge market, dwarfing automotive in the short term.

     

    I wonder if that link can affect financing opportunities.

     

    kt
    26 Jan 2012, 12:28 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Great point KT, could be the first order for carbon plates only (assuming Bosch wold make them into batteries). I also believe the PJM/Viridity work is the hottest piece right now. Partly because it models the NS work as well...
    26 Jan 2012, 12:43 PM Reply Like
  • Articula
    , contributor
    Comments (245) | Send Message
     
    KT,

     

    Sounds like a great way to leverage the existing BMW relationship and their positive results.
    26 Jan 2012, 12:57 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Kirk--would you expound on your "actively "on it"" comment? Thanks!

     

    Tom
    26 Jan 2012, 01:02 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    We gotta be a better risk for their money than the Greeks :-)
    26 Jan 2012, 01:19 PM Reply Like
  • Stefan Moroney
    , contributor
    Comments (2553) | Send Message
     
    Astute observation!
    26 Jan 2012, 02:13 PM Reply Like
  • KirkTierney
    , contributor
    Comments (69) | Send Message
     
    Hi Tom,

     

    As in, "are engaged with that market".

     

    kt
    26 Jan 2012, 04:44 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Kirk--I hope they're hitting that opportunity hard, as well as all the other ones.

     

    Also, nice to see your posts--you seem to post only when there is something substantial to say or actual news to discuss.

     

    Tom
    26 Jan 2012, 05:56 PM Reply Like
  • KirkTierney
    , contributor
    Comments (69) | Send Message
     
    Kind of you to say so, Tom. Probably not true, but kind anyway. You will soon see some comforting evidence that Axion is substantially ramping up its efforts in major-opportunity markets. And also, the days of "let's guess who is at the table" are fading.

     

    kt
    26 Jan 2012, 08:28 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Revision to my Bosch comment... I had a memory lapse about Exide being on very solid footing in Europe. Correct me if I am wrong...
    26 Jan 2012, 08:43 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Hey Kirk, I certainly hope you're right. Can you provide additional details? Thanks again.
    26 Jan 2012, 08:51 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Mr. Investor: Back in November, I reported here that I saw a "small mountain" of empty battery casings at the PowerCube unveiling, maybe as many as 100,000 casings. Definitely at least 54,000 casings. Others had noted Axion had ramped up inventory.

     

    At the time we speculated that they were regular old flooded batts, to be sent onto East Penn. Suddenly, the chances of these being made into PbCs, and this is just a guess, is on the rise.
    26 Jan 2012, 09:03 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Kirk, interesting rumblings and thank you for that morsel.

     

    Also should we presume that Axion and Exide would play nice in Europe, or is there someone else not named on this thread who you'd suspect as a potential Euro partner/fabricator? And for Axion to sell into Germany's grid wouldn't they need a Viridity type middle man with local connections?
    27 Jan 2012, 04:07 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    For that matter, will Viridity Energy be expanding (and if so, how soon) to more RTO/ISOs in the US?

     

    If that expansion is a slow process, which given their size it could well be, might that slow down AXPW's success that we're so excited about?

     

    I assume we're a priority for VE, but I don't know where we rank on their priority list.
    27 Jan 2012, 09:31 AM Reply Like
  • KirkTierney
    , contributor
    Comments (69) | Send Message
     
    Hi Bazooooka,

     

    Opinion?

     

    a) Fabricator/partner: 'Else.

     

    o Recall that the 'Cube contains many components requiring fabrication, integration, certification, and support besides batteries. My "opinion" is that a European-grid player is the way to go.

     

    o As for European fabrication of the batteries themselves, I personally think that "USA first until all is healthy" works in so many different ways. It goes well for new-product risk and timing, and is a second source for subsequent European battery manufacturing. Its a ways off, and I expect that several combined-market pressures must build for the case of a mainstream PbC manufacturer setting up.

     

    o Exide? Many feel that Exide has shown itself to be untrustworthy or at least not very smart. Lacking an exclusive, that past relationship between Exide and Axion becomes an issue ten seconds after another major player appears. A juicy topic -- but wholly speculation.

     

    b) Viridity equivalent? See (a).

     

    On the other hand, Viridity's model goes far beyond BESS assets, in its thinking; in many ways it is technology neutral, and smart-grid saving weighs as much as BESS storing. There is no equivalent yet in Europe that I know of, but that is a matter of time and timing.

     

    The German government effectively forced the upon its grid the world's hardest charge toward alternative energy. For them, abandoning that stance to a judgment of forcing an unreliable and a destabilizing provider upon the grid will be politically difficult. If a "let's make a Viridity fix" mostly requires a bit of win-win tariff adjustment, it is my guess that there will be some quick political work. Furthermore, if that fix involves a viable kick to a German manufactured-exports to the rest of Europe, well, how "efficient" can you get?

     

    So I too see this as a big opportunity -- and this time, I would not expect to have a "guessing game" go on for years. Lessons learned. This time, I think that there will be samples shipped and there will be names named.

     

    kt
    27 Jan 2012, 12:18 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Kirk,
    Appreciate your insights. Thank you.
    27 Jan 2012, 04:39 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Great post. Thank you for sharing your "opinion" =)
    27 Jan 2012, 07:28 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    HTL> For your info the 15,360 share sale at .62 was me closing out my mother's investment in Axion. It had been a hell of a ride for her. I originally invested in Axion for her a long time ago at .57 in 2010 trying to increase her resources because she was running out of money for her nursing home. When the DOE award came up for grabs I invested more of her funds taking her up to $7500 swinging for the fences on the potential DOE award. As we all know that didn't happen.

     

    She did run out of money and in September and I moved her out of the nursing home and took over her care. She was losing a ton on Axion because she was averaged at .73 and the stock was in the .40's. The stock got close to breakeven with a run up to .65 last year but I refused to sell.

     

    Then at Xmas the plunge started and she was losing around $5,000. I had faith in Axion and with no reason to sell I bought another 5,000 shares at .37 and .32. I ran out of balls after that and couldn't try to catch a falling knife again in the 20's - it had gone straight through me at .37 and .32.

     

    Since she is blind, bed-ridden and wheelchair bound and nearing 93 it made no sense to risk her funds further. Yes, if I left the stock in Axion I would inherit it later and maybe get rich. But she had all the downside risk and I would have all the upside. I felt I had to close her out with a small $200 profit and get all of her money back. With the $9500 safely in hand I can fulfill her burial wishes and live with my integrity safely in hand.

     

    It was a hell of a ride and not many would have survived it in my view. Fortunately I am a poker player and my hair is already white from prior risks in my life. I had the benefit of JP and DRich helping me with decisions along the way and for that I am grateful to both.

     

    In the meantime, my personal investment is still all-in on Axion and my shares are locked up until 2015. I wanted to share this story with my Axionista friends for what it is worth. Now I can focus on my own Axion shares so the fun and games have a long time to go. I'm averaged at $1.00 so I've got to find some dry powder and average down from a buck!
    26 Jan 2012, 12:48 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Bangwhiz,
    Glad you could get her out with a profit. Must be a relief for you.
    26 Jan 2012, 12:53 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1825) | Send Message
     
    Bangwhiz, you've given us a great example of one of the very personal reasons that individual investors may sell AXPW that have nothing to do with the fundamentals or the investor's opinion of the fundamentals.

     

    We should all remember this example when/if we see another unexplained dip unrelated to fundamentals and not produced by large shareholders.

     

    Thanks, BW.

     

    D
    26 Jan 2012, 01:08 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    It sort of broke my heart to sell it because I believe in the battery and the company, although I will not hesitate to bitch about anything being as I am all-in myself, but her having all the downside risk and me all the upside was an equation that was simply unacceptable to me. While it is a relief, it is a bittersweet one.

     

    Since I'm averaged at a buck I can buy all I want at today's prices with little long-term risk. When the stock was first breaking out from the lows at Xmas DRich said to me "you can buy with impunity at these levels." He was dead right. The 5000 shares I bought at .37 and .32 had a whopping profit percentage in about a month. Even though my mother faces a lot of adversity she is still mentally sharp and said to me "tell your friend you can't buy it with impunity, you have to buy it with money!"
    26 Jan 2012, 03:03 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Bang,

     

    That's a hell of a story. I can't tell if I'm appalled or impressed. Congrats for the happy ending. That's a gamble I could never do. You got balls for sure. The brains part is debatable; j/k =)

     

    I sincerely hope that Axion makes your retirement a fruitful one.
    26 Jan 2012, 03:12 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    BW, Nothing could please me more than hearing about you getting an unneeded yoke off your back. Well done.
    26 Jan 2012, 03:14 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    An entire post-grad course in perceived risk, all in one compelling story. Thanks for sharing, BW.

     

    I maintain my Mother's investments, and her needs are to pull out dividends to live on. I keep her invested in stocks which yield good dividends. She is not investment savvy, and it took her decades (and the glorious Fed's perma-zirp driving her income down) before she would try any equities at all.
    26 Jan 2012, 03:21 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    "The brains part is debatable; j/k =)" The line between conviction and insanity in the stock market is a very thin one. Didn't happen to me but I was at a poker table where another player with 4 of a kind lost to an opponent with a royal flush. My Axion story could have turned out very badly I confess. Fortunately it didn't. Sh*t happens.
    26 Jan 2012, 03:27 PM Reply Like
  • 481086
    , contributor
    Comments (3331) | Send Message
     
    Very important dynamic to illuminate imho... how many are in this cohort? And how far along are each on their own journey from zirp hell frying pan to dividend-anxiety fire? Everyone and their aunt seems to be walking further out on that limb...or is it a plank? Funny though isn't it, how a 5 year CD might get you two points below squat, but credit cards still routinely charge 20+% ?
    26 Jan 2012, 03:34 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    The toughest task is doing for another.

     

    I'm glad that you were able to get that load off your mind without damage to her resources.

     

    HardToLove
    26 Jan 2012, 04:33 PM Reply Like
  • John Petersen
    , contributor
    Comments (29549) | Send Message
     
    I'm glad you were able to clear that particular burden of responsibility. It was weighing heavily on your shoulders.
    26 Jan 2012, 05:17 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    "BW, Nothing could please me more than hearing about you getting an unneeded yoke off your back. Well done."

     

    I am with jakurtz, and I am sure your gesture will take us above $1
    26 Jan 2012, 08:49 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    All: does this zirp-related produce results that remind of something else we recently saw due to Fed/Government desires to inflate?

     

    I believe it was called a "housing bubble"?

     

    Recall the results?

     

    Think history won't repeat?

     

    Recall how much wealth was lost and how retirees were affected?

     

    How often does the stock market "cycle"? We know, don't we?

     

    It will do it again when the Fed is *forced* to go to a non-zirp policy or *before*.

     

    Guess who will be screwed again as their wealth disappears *again*? That's if it's not taken first by the "fleecesters" that run the markets "for our benefit".

     

    Too late, but I don't even want to think about it.

     

    I believe "Praise for the guilty and punishment for the innocent" sums up what will occur.

     

    Later on someone will criticize the guilty, but there will be no remediation for the innocent.

     

    Some things never change.

     

    HardToLove
    26 Jan 2012, 09:15 PM Reply Like
  • 481086
    , contributor
    Comments (3331) | Send Message
     
    A man's gotta do what a man's gotta do. All respect...
    26 Jan 2012, 01:05 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    Just FYI in case you missed it on SA:

     

    12:59 PM EV battery maker Ener1 (HEV) files for bankruptcy in a bid to restructure debt and raise more equity funding. The firm was a recipitient of a $118.5M federal grant back in 2009 as part of a broad EV battery technology program. Shares now trade on the pink sheets under the symbol HEVV for less than three pennies. [Energy] Comment!

     

    P.S. This is as technical a contribution as I can make to the battery geek discussion -- LOL
    26 Jan 2012, 01:17 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Hah, You know why this is funny to me. Because last year I lost a nice chunk of money with ener1 and it seems I have made all that money back with AXPW on nearly the same day HEV files for bankruptcy.

     

    life....
    26 Jan 2012, 01:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    I'm convinced that all these altenergy government favorites - and their demise - is largely to blame for Axion's recent sell-off. Like the government, entities like Quer. and Spec. Sit. piled heavily into companies that are now bankrupt.... And forced to sell off innocent victims like Axion.
    26 Jan 2012, 02:05 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    That could be one "stake in the heart" for the EV's much like the one Romney needs to put into Gingrich tonight so that zombie stops coming back...cripes. Who could listen to that guy for four years talk to them with that condescension, that aloof smirk and the demonic grin? Scary indeed.

     

    totally OT but, hey...what else do we have to talk about :-)
    26 Jan 2012, 03:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Considering the recent record, I'm almost glad (XIDE) kept all that G$. Seems to be the kiss of death!

     

    HardToLove
    26 Jan 2012, 04:22 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    Interesting to note that this is at the same time the President is out campaigning in the West and bragging about the government's investment in an LNG corridor out there. Wonder if this will be the next government back industry to go belly up?
    26 Jan 2012, 05:00 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Mercy...OT, but are you still dabbling in corp. bonds or preferrerds? If so I would like to chat some...don't know how but we can figure that out later.
    26 Jan 2012, 05:15 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » LT: Molycorp convertible preferred is insanely cheap right now, and throwing off a great yield. (MCP-A) is the ticker. I own some. Other QuickChatters own some, too.
    26 Jan 2012, 05:38 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    LT,
    I am not seeing as much value in bonds as I have in the past, so my dabbling currently is much more in stocks of companies I like -- which get beaten up on minor earnings disappointments.

     

    In fact I really enjoyed the discussion thread here recently on NSC and the NS999 etc. After hours NSC dropped to $73 and today it was back at $75+ -- that's my kind of range trading! I only do it with companies which have passed my DD sniff test, so if I get "stuck" a little longer than I expected I am OK. Today I almost pulled a similar trigger with Hess which fell over 4% -- but I am waiting because I am not clear if it has further to fall.

     

    My long term core holdings are AXPW (still building) and LYSCF; a number of miners and energy related producers/drillers; and then a number of high quality/high yielders in Norway, Canada, and Australia. In this volatile market I like to supplement those positions with short-term range trading on quality names I like.

     

    If you have any other questions, just send me a PM -- always happy to share what I am doing if it helps you arrive at your own conclusions. I would add, however, as my mentor HTL always likes to say -- "I am knew at this so pay attention at your own risk." :-))
    26 Jan 2012, 05:55 PM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (966) | Send Message
     
    natdf versus sdrl, equal weight if you want both or would you favor one or the other. feel free to move this to pm status
    26 Jan 2012, 06:04 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    Tragicslip,
    It all depends on where you are on your core holdings/goals/risk tolerance etc. since I love both NATDF and SDRL - managed by the same CEO.

     

    I am very overweight on NATDF and have taken some profits off the table on SDRL since it is getting near 52-week high. IMO NATDF has big upside once listed on NY exchange. Maybe after US listing Bloomberg, Reuters, and others will report the NATDF dividend accurately which is actually running at a 10% yield since it commenced last year. http://bit.ly/yB1Dpf (Send PM with any other questions you may have.)
    26 Jan 2012, 06:51 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2100) | Send Message
     
    "But the real monsters look just like everyone else."

     

    No attribution.
    26 Jan 2012, 10:07 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    Here is a follow-up to my answer above re: North Atlantic Drilling (NATDF) and SDRL -- hot off the press from Barron's -- "A London fund manager sees more than 20% upside in four Norwegian oil-sector plays: Aker Solutions, Seadrill, North Atlantic Drilling and Det Norske." http://on.barrons.com/...

     

    If you do not subscribe online -- the full article should be available to all in the next few days.
    28 Jan 2012, 08:07 AM Reply Like
  • Mathieu Malecot
    , contributor
    Comments (966) | Send Message
     
    "Here is a follow-up to my answer above..."

     

    yeah, i sold out of sdrl early december to start buying both natdf and axpw. sdrl is great at 30 or less but natdf/ axpw seem like a much better ideas at today's price. thanks again for your info.
    28 Jan 2012, 01:13 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1886) | Send Message
     
    Did anyone else watch NSC drop to $72.11 this am? Great example of opportunity with quality stocks to wash -- rinse -- repeat. Love to buy during market meltdowns! And pulled the trigger on Hess -- but with short term gain goals.
    30 Jan 2012, 11:37 AM Reply Like
  • 481086
    , contributor
    Comments (3331) | Send Message
     
    Bring on the Newtron bomb! Be afraid, be very afraid. Scary is the new good... ;)
    26 Jan 2012, 03:17 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Someone that arrogant pretending to be the Reagan incarnate is scary for sure. Don't be fooled he is no Reagan he is just someone who knows exactly how Reagan won and he is playing the base the exact same way.
    26 Jan 2012, 03:22 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    http://tinyurl.com/6n8... > "These blatant contradictions between what Congressman Gingrich actually said at the time about President Reagan and what Candidate Gingrich now offers as fictitious reminiscences of his unwavering allegiance to Reagan remind me of one of the former speaker's own broadsides against Washington, D.C. "In this cold and ruthless city," he once said, "the center of hypocrisy is Capitol Hill." Newt Gingrich is quite obviously an expert on both subjects."

     

    http://tinyurl.com/6lr...
    26 Jan 2012, 05:09 PM Reply Like
  • 481086
    , contributor
    Comments (3331) | Send Message
     
    I've been a close observer for quite a while. In these matters my mind is far, far from made up...
    26 Jan 2012, 03:37 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Yeah...apparently I am just itching for a political fight today...bored, I guess.
    26 Jan 2012, 03:47 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    I hate talking politics here, but I'm having a really tough time figuring out if any of these bozos is worth my vote in the primary. Gingrich is a cheater and a liar, Romney has a nasty mean streak that reminds me of Hillary when she was running, Santorum wants his daughter to carry a rapist's baby because it's "God's will" and Cain is already gone with Perry and the rest. If I didn't think Paul was a complete wack job I might vote for him! IMHO

     

    I apologize to anyone I've offended with these description...other than the candidates themselves, of course.
    26 Jan 2012, 05:07 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    I am a big Romney supporter and this is why. When you cut away the fluff and junk here are the facts:

     

    1. Great family man, good values.
    2. Great/successful business man.
    3. Good governor of a very blue state.

     

    Anyone can say all kinds of things about RomneyCare or Bain Capital or whatever. Fact is he won; he won in business, politics and family life, because he is smart, pragmatic, and has as good of values and character as any of them. He will not eliminate all regulation he will implement smart regulation that prevents 2008 but does not crush capitalism. The driving force of our economy in the 80's that Gingrich seems to want to take credit for, which baffles me because Romney was the guy with his boots on the ground making that type of economy work and learning it inside and out.

     

    Paul is a close second, but just a bit too much rash ideology that forces itself into every one of his decisions. I like him for treasury secrestary....maybe.

     

    Cheers
    26 Jan 2012, 05:16 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    pretty good description and I see many who feel the same way...current pres. ratings have went up accordingly too FWIW.

     

    PS...good to see u here and more active too.
    26 Jan 2012, 05:18 PM Reply Like
  • mrholty
    , contributor
    Comments (816) | Send Message
     
    I will vote for Paul. I like his thoughts on most things (military-less) but mostly on his take on limiting the federal gov't and giving more power back to the state. Some of his more wacky stuff seems to me that he'd have to abandon if he was president.

     

    I can live with Romney but to me and lots of others he's just slightly more right than Obama. He doesn't look comfortable in his own skin on stage, yet I understand that in small circles he does very well, which may explain why he was successful in Mass. I think he simply would not shape up very well against Obama. While I don't like Gingrich I think his debates with Obama would be entertaining and while I don't think Paul could win, I'd love a debate with Obama and get his message out.

     

    Anything that limits the Fed and the disaster that is the Bernanke is ok with me.
    26 Jan 2012, 06:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » I like another Paul. Paul Ryan. But it looks like he's not going to run. If he did, he'd get my vote.
    26 Jan 2012, 06:14 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    No doubt Romney's biggest weakness is letting go and showing a little more passion and humanity. I do like the fact about him that he does not go for the easy vote by being overly dramatic or tell a tear-jerker story. He has disciplined himself to win on technocracy rather than emotion. This is why the "common folk" are not connecting with him, they want to feel the emotion like they do with Gingrich -- to me that is cheap tactic, and should be offensive to educated voters.

     

    I think it goes back to Romney being an extremely disciplined candidate and person. It tends to be difficult for people who don't allow themselves coffee, drink, or cuss words to lighten up in big public spaces. Hopefully, he will show that side of himself tonight and further into the campaign, more like he tends to be in smaller groups...personable.
    26 Jan 2012, 06:32 PM Reply Like
  • KirkTierney
    , contributor
    Comments (69) | Send Message
     
    I am a Canadian, which means I primarily watch American news in order to understand how my future will fare. I have plenty of opinions, but I think they would be unpopular.

     

    Our comparatively-grey governments up here get an entire election over and done in 45 days, primarily because we dislike all of our politicians, and merely want to know who we hate the most before we vote strategically to block them from power.

     

    Suffice it to say that I understand how people can demand less government, if government is corrupt and inefficient. But this past year, I voted for the socialists, on the basis that they were quite unelectable, but were a comparatively uncorrupted counterbalance. (I wouldn't know what to do if they actually won.) In the end, they came in second, with rather a lot of people here voting as I did.

     

    I hear that JP also admires the Swiss' unshakable need for weak federal governments, fostered for centuries by the fear that they might actually try to "do something" if they had a clear majority.

     

    It's this superpower thing; it so limits your options in the 'States because you actually want strength in your governments.

     

    kt
    26 Jan 2012, 09:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    I really enjoyed that post. However, as to "... you actually want strength in your governments", not all of us. I, for one, feel much like many of our founding fathers did - that our government is the biggest single threat to our freedoms and welfare. Therefore, I want them weak.

     

    My feeling is expressed often in "There is no tool that will not be abused by government".

     

    I believe it to be so and vote accordingly whenever given the opportunity.

     

    HardToLove
    26 Jan 2012, 10:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13440) | Send Message
     
    Sf con bumpersticker:

     

    "Cthulhu For President"

     

    (Why vote for the LESSER evil?)
    26 Jan 2012, 03:40 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Trip,

     

    That is what I used to say when going in to vote and volunteer for Nader. I always thought it was just young bucks that were idealistic like that.

     

    I am soooo much more pragmatic these days...(Proof? Just look at my portfolio, it is made up of A-X-P-W)
    26 Jan 2012, 03:49 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    Not sure if you can see this if you're not on Facebook:

     

    http://bit.ly/xHwJ43

     

    It's Chucky Meets Newt.

     

    If you're on Faceobok the comments are here:
    http://on.fb.me/wfin4H

     

    Designed by the folks at Up With Chris Hayes, early weekend mornings on MSNBC. With 2 hours each day, and while clearly mostly leaning to the left, you get a wide array of guests from all fields and some pretty interesting, smart, not overly rushed (by Cable Standards) news and politics analysis.
    26 Jan 2012, 03:41 PM Reply Like
  • battman
    , contributor
    Comments (373) | Send Message
     
    Late day rally. Glad to see the sellers hold tight.
    26 Jan 2012, 03:45 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Going into the close we have buy 24k @.61 and sell 23k @ .63.

     

    Do I have bets on who will blink? I say the sell guy has the upper hand, just look at the chart.
    26 Jan 2012, 03:51 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Ohhh, and now we have 5k at .62 sellers are in control and leading it by a hair. What a fight?

     

    Great fight! seller wins...knew ask at .64. And we end at .64, good fight but once again sellers keep the upper hand and remain in charge never lowering their ask...well done, bravo!

     

    This was supposed to sound like a boxing match...did I pull it off or did it just sound crazy?
    26 Jan 2012, 03:55 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Last comment about my mother. She said she didn't mind a bit if I took another whack at Axion again and I promised her no more all-in crap! This time I'm going to take REASONABLE risks and buy in 1/3 chucks. Game on! HTL - I'll be bugging you and all the other Axionistas about timing for her if I need help!
    26 Jan 2012, 03:53 PM Reply Like
  • 481086
    , contributor
    Comments (3331) | Send Message
     
    So, so predictable Bang.. So how long did that brisk spell of virtue last? A few hours? Welcome back fellow sufferer.. ;)
    26 Jan 2012, 04:24 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    BW, Nothing could please me more than hearing about you strapping a yoke back onto your back. Well done.

     

    You are a fighter and you can never change that! Well done, again.
    26 Jan 2012, 04:42 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    481086 and jakurtz, thanks for making my day with your two comments.
    26 Jan 2012, 05:12 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    MM wouldn't fill all of my 5k order at the offer.... Got broken up... only partial at 3620 shares went...
    26 Jan 2012, 03:54 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    $0.6400 1,550 OBB 15:59:44
    $0.6400 7,000 OBB 15:59:42
    $0.6200 500 OBB 15:58:11
    $0.6300 13,000 OBB 15:57:13
    $0.6300 2,500 OBB 15:57:10
    $0.6300 5,000 OBB 15:57:07
    $0.6300 5,000 OBB 15:57:07
    $0.6300 10,887 OBB 15:57:05
    $0.6300 2,500 OBB 15:56:59
    $0.6300 10,000 OBB 15:56:48
    $0.6200 500 OBB 15:54:19
    $0.6200 3,620 OBB 15:49:38
    $0.6200 1,000 OBB 15:45:25
    $0.6200 2,530 OBB 15:39:17
    $0.6200 4,470 OBB 15:39:04
    $0.6200 3,000 OBB 15:38:38

     

    Maybe there were folks ahead of you on the offer and the supply at .62 ran out? The 500 after you at .62 is weird ... maybe a trade between 2 customers of a different market maker than the one your order was routed to.
    27 Jan 2012, 12:27 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Yea... that is strange. I see my 3620 shares @ .62, but there were two subsequent fills of 500 and 500 @.62 for the balance of the trading session. Guess I wasn't "selected"...
    27 Jan 2012, 02:07 AM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Never got a fill on the balance (that's hasn't happened before). Great price action today, albeit on tepid volume.

     

    FWIW, I show lots of previous volume around .65c, so I'm guessing we spend some time here. HTL could weigh in on that. Still have lots of dry powder for this one. Chart is looking great! Sellers appear to be drying up, like JP has written about....
    26 Jan 2012, 04:08 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Occam: "...albeit tepid volume"

     

    If you really want to see tepid volume check out jan. 2011 whole days with only 13k or 20k shares traded. I am quite pleased with volume the past several days.

     

    pssst....and I think things may just be getting warmed up.
    26 Jan 2012, 06:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    I agree, volume is quite reasonable. But I do discount much of the late Nov. and December volume as we know two big sellers were in and, I believe, some tax-loss selling was taking place.

     

    If we consider in the shares that LT(? IIRC) reports are held by participants here, there's not much possibility that we could see those near 1M share days for very long, if most our shares are for long-term.

     

    HardToLove
    26 Jan 2012, 09:28 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    jak: Yea.... I wasn't around in those days. I only live vicariously through you guys re: those "dry years". Must have been a long wait!
    27 Jan 2012, 02:08 AM Reply Like
  • 23808
    , contributor
    Comments (57) | Send Message
     
    I was watching level 2 for the last twenty minutes of today trading, it was great. The sellers did not lower their price at all and slowly the buyers inch up and bought their shares on the asking price right before the closing.
    26 Jan 2012, 04:24 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    08 > "The sellers did not lower their price at all and slowly the buyers inch up and bought their shares on the asking price right before the closing. "

     

    So, will the open price tomorrow morning be higher than the close today?
    26 Jan 2012, 05:18 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    Maya...I forget which blog you posted but...somewhat surreal...

     

    Big Solar Storm Hits Earth
    http://on.wsj.com/AfRTK0
    26 Jan 2012, 04:41 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    Gee...I would pay money to see John P debate Mr. Akerson on this issue!

     

    GM Sees Politics in Criticism
    http://on.wsj.com/wVyrqP
    26 Jan 2012, 04:45 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    FWIW...at .64 it is sitting right on the upper Bollinger band which is turning up, so it will take about .66+ to break out above it. But the sky is the limit above that because there is nothing left above unless u draw in lines of much higher prices at .77, .98, 1.27 ... HTL can follow up on my numbers.

     

    Last time it broke above it was Jan. 11 &12...when we hit .58 and then pulled back to .42 which was the bottom band of support. This time the bottom band sits at about .48..........(my bands are set on 20/2/2) which seems to work out pretty well.

     

    P.S. my average is .71 ... so 2 more days and I can maybe have champagne with Maya next Friday week. Definitely look for a pull back then, cause that's my average....nuttin else.
    26 Jan 2012, 04:52 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    I'm thinking the pull back is now cause were at my average - and wouldn't you know it, right on upper bollinger band. if pull back, will look to add more. can't stomach averaging up without good news.
    27 Jan 2012, 03:03 AM Reply Like
  • KentG
    , contributor
    Comments (367) | Send Message
     
    That's what happened to me two weeks ago when it crossed my average .53 on its way to .58 just to drop back below .53 the next day. It pulled all the way back to .42 on 1-18 and now look at it. If the curse gets you today I hope it is the last time you go negative on AXPW. I hope I am solidly in the money from now forward(fingers are crossed). 8-))
    27 Jan 2012, 04:13 AM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    I found a list of grant approvals for the Commonwealth (appears to be Pennsylvania) with Axion listed receiving just under $300,000. Would this be the joint venture with PJM and Viridity and therefore old news?

     

    Axion is on page 1, line 31.

     

    http://bit.ly/zhjQZ7
    26 Jan 2012, 04:57 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    Jveal,
    I "think" so. If I remember correctly, in one of TG's local interviews, it talks about the fact that Axion got a grant from PA to help pay for building the PowerCube there at the plant.
    26 Jan 2012, 05:14 PM Reply Like
  • D-inv
    , contributor
    Comments (3926) | Send Message
     
    Hmmm, almost certainly old news since we haven't seen any announcements out of Axion and might be related to PJM/Viridity Energy but I suspect not. The grant description is listed as "solar R&D equipment" so it could be related to the Envision Solar project.

     

    Anyone familiar with Lawrence County, Pa, the location given for the project?
    26 Jan 2012, 05:31 PM Reply Like
  • Bob Haeger
    , contributor
    Comments (69) | Send Message
     
    jveal, it's in the Fall 2011 BI issue at pg58

     

    http://bit.ly/zjl3gh

     

    We are receiving huge interest in this
    product and we have recently closed
    a number of important deals.”
    The most high profi le deal Axion
    recently closed involved the State of
    Pennsylvania, which awarded Axion
    a grant to develop a renewable solar
    energy storage system based on
    its PowerCube battery technology.
    The $300,000 grant from the Solar
    Energy Program of the state’s Commonwealth
    Financing Authority will
    be used to demonstrate the advanced
    energy storage technology of PbC
    batteries within a smart grid system
    where power is generated from renewable
    energy sources such as the
    sun or wind, stored during slower,
    overnight periods and then delivered
    to the grid during times of peak demand.
    26 Jan 2012, 05:39 PM Reply Like
  • LT
    , contributor
    Comments (4595) | Send Message
     
    Bang, congrats on holding your mothers money together. As I told u long ago I admire your caring for her....and I am an RN, so I understand...Just be careful with re-entry.

     

    I do believe something is up....maybe a combo. I know that JLP's reference to supply/demand inflection is one ... but I have a sneaky suspicion there is more...
    Just too much buying going on at these prices for it not to be.

     

    Then the real test comes after the capital raise.
    26 Jan 2012, 04:57 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    LT> After the capital raise is my intended re-entry point for her, but Friday's are notorious with me for sell offs. However, until her funds clear from the sale today there is no powder to spend. Really not even sure what my objectives would be for her except to make her feel a little more alive because she would be participating in the real world.

     

    My focus is going to be on improving my own Axion holdings. For her is has to be small and mostly for entertainment. Everybody loves being a winner, so that will be my objective for her.
    26 Jan 2012, 07:25 PM Reply Like
  • WDD
    , contributor
    Comments (56) | Send Message
     
    Fun with satellites.

     

    I called up imagery of my favorite New Castle manufacturing plant--the place looks deep in pallets (in keeping with Maya's earlier on-site report). But coming or going (or both)? Zooming out a little, there appears to be several farm houses nearby. I'd help mow a couple of fields in exchange for an accurate first-hand report on truck traffic.

     

    I guess a webcam might be a little over the top?

     

    Sigh. Cue up Carly Simon, "Anticipation".
    26 Jan 2012, 05:40 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    WDD: I like the way you think. If the farmers go with a webcam with zoom and let us control it, I'll shovel the cow-dung into the biomass pile for them (but one time only).

     

    HardToLove
    26 Jan 2012, 09:33 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2100) | Send Message
     
    WDD: No no! the web cam idea is good! Could you put it on a pole and WiFi it back to one of those houses?

     

    Just kidding. I think.
    26 Jan 2012, 10:22 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Okay 60 plus cent share owners! This way to the next Concentrator:

     

    http://bit.ly/wt8j20
    26 Jan 2012, 05:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    You guys are going to love this one - one of my shorter posts.

     

    Look at a one-day chart starting 2/4/11-2/23/11. Compare to ... say 1/6/12-1/26/12 (today).

     

    History may not repeat but it often rhymes. These two periods have a lot of similarity. Both rise, consolidate, break up out of consolidation.

     

    Now look at 2/24/11 onward. Since we left consolidation today, this is the pattern I believe we'll see - repeated brief rises, consolidate, rise, consolidate, ...

     

    Minor variations in magnitude are not important. The pattern continuation is what I suspect we'll see.

     

    Warning" confirmation bias may be at work here since I strongly believe that strong rises are almost always followed by consolidation. We just left such a pattern AT THE BEGINING of the trend, so we couldn't tell if the consolidation exit would be up or down.

     

    Others called for it to break up.

     

    Now we (almost certainly) know they were right.

     

    MHO,
    HardToLove
    26 Jan 2012, 06:03 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    Remember HTL,
    Quercus and possibly other very large holders were selling during that 2/24 run-up time as well. I have a feeling we are not going to see nearly as long consolidation periods, with no major holders selling anymore. The most beautiful part is whenever we get to the "top", whatever that is, there are no large holders to crush it back down. We are the large holder.
    26 Jan 2012, 06:14 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    Let's hope Quercus is down to Fed levels, zirp, by then. That would be just dandy.

     

    HardToLove
    26 Jan 2012, 09:39 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Except that we will have new partner(s) from the upcoming placement who might be quicker to take profits then some of us.

     

    "The most beautiful part is whenever we get to the "top", whatever that is, there are no large holders to crush it back down."
    26 Jan 2012, 10:44 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    But they will not take it down to levels lower than what they paid even if they are keen on selling immediately, that would be illogical to do the financing in the first place.
    26 Jan 2012, 11:00 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    Unless there are warrants in place as part of the financing?

     

    Isn't the scheme/plan sometimes that they blow out of all their stock (eventually) and just keep the warrants?
    27 Jan 2012, 09:40 AM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    Agreed, here's to hoping that financing puts a floor in above .50 cents. Also I wont worry to much if the new investors sell their 10-20M shares once we break a buck anyhow. I'm actually hoping for a placement bigger then 10 million dollars which would be telling.
    27 Jan 2012, 07:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17297) | Send Message
     
    (AXPW): 09:30:32 at the open 80K $0.62.

     

    It'll be 15 minutes to see details, but I suspect a "form t" that was really set up last evening. Probably a "sell" or "unknown" classification.

     

    HardToLove
    27 Jan 2012, 09:36 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Ok how does this happen??

     

    I have a friend who is now an Axion owner. But he is confused as i am. He put in 3 seperate trades last week prior to the opening on either the 12th or 13th.

     

    It was in his 3 fidelity accounts, 2 IRA'S and a trading account. When the trades went through he got .49 cents, .49 cents the .58 cents. Now how do you get such a wide difference?? I wish i had the exact trade date but maybe one of you TA can explain it to me.

     

    I might add here is another owner who does not chat here!!!

     

    Appreciate how do you get such a wide spread back when i really believe the trades were around 50 cents?? Does he have any leg to stand on if he called Fidelity to complain?

     

    I mean all 3 trades were entered at the same time PRIOR to the opening. I am assuming he just entered a share amount but no limit price. So did the MM take advantage ??

     

    Thanks
    map
    27 Jan 2012, 05:34 PM Reply Like
  • jakurtz
    , contributor
    Comments (1902) | Send Message
     
    What Jveal said. You have to put in Limit orders.
    27 Jan 2012, 07:08 PM Reply Like
  • bazooooka
    , contributor
    Comments (2350) | Send Message
     
    If he put in a market order it will move through all the prices need to fill his order size. Even when I'm willing to pay up I always use a limit a couple pennies above the ask to ensure I don't get killed on the fill. He might want to inquire about his .58 cent fill if were talking about 10,000 shares or more. Can't hurt to ask.
    27 Jan 2012, 08:09 PM Reply Like
  • Occam's_Razor
    , contributor
    Comments (1136) | Send Message
     
    Holy Whole Grain Cereal Batman.... YOU NO NOT TRADE A TINY MICROCAP STOCK WITHOUT USING LIMIT ORDERS!!!!!!!!!!

     

    THE MM's are there to fleece you every chance they get.

     

    2nd... and this is gonna land me in the "hot seat" but I will say it anyway. I stopped using Fidelity a long time ago because of grossly inferior fills. I can't prove it, but Fidelity is so large, I know they "front run" orders all the time.

     

    Fidelity, et al will continue doing it until the SEC quits sleeping in the same bed.

     

    unfortuanely, one of my retirement accounts is forced to remain with Fidelity until I "separate from my present employer".... (how is that fair or legal???? need I say more?

     

    Sorry if I offended anyone... quietly retreating now!
    27 Jan 2012, 10:34 PM Reply Like
  • jveal
    , contributor
    Comments (673) | Send Message
     
    Some online brokers do not allow an "over the counter" trade without a limit order for the very reason you just mentioned. Trade is usually sporadic so that large spreads can take place.
    27 Jan 2012, 07:01 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Just picked up some more shares at 59 cents....Looks like 60 could be a resistance spot imho..

     

    For this newbie just an opportunity to add more shares !!

     

    MAP
    30 Jan 2012, 10:43 AM Reply Like
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