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

     

    Pointing to a spider this morning my daughter asked me what kind it was. I answered, "battery."

     

    The look from my wife told the story.
    28 Jan 2012, 02:10 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Please remember to thumbs up this Concentrator, which can be found directly above the first comment. Thanks!

     

    (especially because it took me about three hours to figure out how to get the chart and the graph into the header!)
    28 Jan 2012, 02:12 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    Very telling graph Maya!!!!
    29 Jan 2012, 07:04 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Hat tip goes to JP for creating the graph, which he likely did in less time than it took me to figure out how to upload it.

     

    Thanks to Hard's help.

     

    You're right though, the graph doesn't lie. Interest in AXPW is growing quickly.
    29 Jan 2012, 07:21 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » I give up! Had John's exel spreadsheet in the header, then went in to write the troll warning and the chart got all screwed up, then disappeared!

     

    Next Concentrator, I'll get the spreadsheet up.

     

    I'm about ready to punch my monitor! I've had enough of this crap for one day...thank you!
    28 Jan 2012, 02:28 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1889) | Send Message
     
    Wow!! -- is all I can say on that graph. Thank you JP, Maya, and all commenters for all you have done and keep doing to keep the Axion discourse always humming with useful insight.
    28 Jan 2012, 02:31 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    The per edition number is controlled by how many comments are allowed before a new concentrator is posted. SA's comment areas bog down quite a bit as the number of comments in the concentrator increase past 150. Of course, the more rapid the turn-over, the more support time required.

     

    Bravo on the computuation of the 5 edition daily moving average statistic. I would think that was time consuming to calculate. HT?

     

    The number of concentrators generated per week is increasing. That's a measure of the time it takes Maya to support the Axion Concentrator. It's increasing.

     

    The right axis must be the scale for the cumulative number of comments.

     

    Any idea what happened in the late October when the slope of the cumulative curve changed?

     

    Thank you to Maya for all the work, to JP, and to all the contributers that have made this such an important informational source.

     

    BRAVO!

     

    PS: check out what my avatar is holding :)
    28 Jan 2012, 02:53 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    The level of activity really picked up in mid-October when people started thinking about questions for the November conference call. Since then the trend has been a bit straighter but it's still curving upward.

     

    I keep telling Maya that I hope the cumulative comment line is a six month leading indicator for the stock price.

     

    I love your new Avatar. It speaks volumes.
    28 Jan 2012, 04:39 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    I noticed, and mentioned, another possible indicator of market interest in AXPW on an earlier concentrator (54 or 55) - number of subscribers to SA "real time alerts" on AXPW.OB. It did not interest me enough to pay attention to the subscriber count initially (Jan. 24 or 25) so I don't know what the count was at that time. But it is growing. Early on 1/26 the count was 207 and increased to 208 later in the day. Around 6:00 p.m. EST yesterday (1/26) the count had risen to 210. 10 minutes ago the count was 214.

     

    To provide some perspective on the SA "real time alert" subscriber count we can take a look at counts this afternoon for a few other stocks.

     

    ACPW - 143
    ZBB - 78
    MXWL - 102
    PANL - 332
    EBIX - 311
    ETN - 695
    HON - 949
    DD - 2,087
    T - 7,132
    F - 7,271
    JNJ - 5,111

     

    Some pink sheet stocks:
    GSFVF.PK - 268
    NATDF.PK - 12
    28 Jan 2012, 05:41 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    That's really good D. I did not know they provided a count.
    28 Jan 2012, 05:48 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    > Thanks for the generosity, FPA. Don't know how useful the info is but have started trying to track it on several stocks for a while for evaluation.
    28 Jan 2012, 08:23 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » D-inv: Thanks for pointing that out. I didn't know the alert feature existed, and signed up right after you last posted. I was probably #208.
    28 Jan 2012, 10:12 PM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    This is something I mentioned way back when as a suggestion. My old Mustang site does this, and its handy.
    28 Jan 2012, 10:52 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    The subscriber numbers for real time alerts are a very cool new feature. A couple more numbers that fascinate me are:

     

    TSLA - 446
    AONE - 472
    XIDE - 258
    JCI - 955
    ENS - 92
    29 Jan 2012, 03:10 AM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    I found the XIDE, ZBB, JCI numbers fascinating as well John.

     

    AXPW.OB real time alert subscriber count now 217.
    29 Jan 2012, 12:04 PM Reply Like
  • jayenright
    , contributor
    Comments (10) | Send Message
     
    I like how that graph is trending ... approaching 10k total comments ...
    28 Jan 2012, 03:15 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Some folks, besides me who tends to be a bit on the suspicious side, have noted several times how a 5K bid or ask just never seems to get exhausted. And I have often emphasized the word *presented* (due to my suspicious nature) when posting then-current bid/ask prices and spreads.

     

    Well, I just again ran across a recitation of what was supposed to happen in May of 2011. Starting in the fourth paragraph. I ignored the first few.

     

    http://bit.ly/AlAoCg

     

    Anybody besides me have suspicions that the regulations are not being followed? Any legal minds see something I've overlooked. Yes, we already know there exceptions allowed. But could there really be as many as one might surmise from the display of Level 2 activity?

     

    Don't mean to start a major thread on this, just wanted to see if we might have cause to call FINRA. On the technical stuff they've been supportive of my efforts. Maybe other areas would find similar support.

     

    HardToLove
    28 Jan 2012, 06:33 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    HTL> Tell me how to help you scream "Foul" and throw a yellow flag if you believe something is fishy because I'm with you. The flat line at .30 awhile back comes to mind as well as Friday's .60 cents with no change for hours. We have a pretty good sized crowd here that would probably help support you.
    28 Jan 2012, 08:47 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    With the speed of computers, it seems to me you can repost the bid or offer as soon as a trade is executed and most of us couldn't "see" it happen. For example, I have my relatively slow system update only ever 3 seconds. That's ages these days.

     

    I'm not an expert of High Frequency Trading (HFT), but those with enough cash can get tied in at way faster speeds they us mere mortals can imagine. Add to that the programming flexibility and power of the computers, and I have no doubt that the systems in place that trading firms and hedge funds normally use for bigger market capitalization stocks can be turned on the small fry as well.

     

    There's been a big debate about HFT because many many bids get put in and removed which gives false "information" to those trying to read order books, especially if they "only" have Level II. You really can't believe your eyes. I think there's been some talk of charging something to place and order even if you remove it. That would go a long way to fixing these problems.

     

    Reminds me of Citigroup and their reverse split. It had ramifications you might never had expected, e.g.,
    http://on.wsj.com/y1tRGU

     

    When it comes to money, there's always someone smarter, more conniving, and with less ethics than you. God Help us all.

     

    But remember, we're here for the long haul, and the big payday that comes with patience. Don't sweat the small stuff!
    28 Jan 2012, 10:16 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Hard: Earlier tonight, I scanned through that link. My initial reaction was that you can no longer call yourself a newbie TA dude. You've graduated to mortor board status. I'm going to begin referring to you as Dr. HardToLove.

     

    My reaction now is that your are on to something. Monday morning, I'm going to reread your link, and pay a little more attention to Level 2.

     

    Especially if I convince my broker to let me buy some more AXPW (to be used as a trading block). I will be tracking my order.
    28 Jan 2012, 10:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    BW: I've only used the one related to web site (found and reported two issues with data errors - one of which has been fixed, the other in process).

     

    I think the best initial contact would be the "Ombudsman" entry on this page. If I get convinced, that's where I plan to start - that can direct us to the proper place.

     

    http://bit.ly/wJqvsU

     

    But I think we ought to expend a little effort first to increase the odds we have correctly assessed that there is a habitual failure to abide by the rules.

     

    As I mentioned, there's lots of exceptions in there. D-inv cites one below that implies that a new order coming at the current best price need not be displayed. IIRC, there's another rule offsetting that - I'll check and reply to D-Inv below.

     

    Anyway, expending a little time up front to build or discredit a case first should be worthwhile.

     

    If this process starts to get to lengthy, we can pop a small side-instablog just for the purpose of capturing snapshots, comments, ... if it seems worthwhile.

     

    MHO,
    HardToLove
    29 Jan 2012, 10:15 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    WTB: "There's been a big debate about HFT because many bids get put in and removed"

     

    That's called "quote stuffing" IIRC.

     

    As to speed, your post reminded that we are dealing with market-makers and others that have "co-location" (the faster access you mention). Regardless of that, I doubt we're missing much as the behavior we're discussing seems to be the persistence of a *presented* quantity regardless of the apparent quantity of offtakes from the displayed quantity. The speed of any display for any of us should have little effect on that observation.

     

    However, now recalling that we are dealing with market makers, there may be *no* customer orders backing the bids and asks we see at NBBO or even outside (the range). In that case IIRC (and I'll have to read that link again), the only requirement is that the market maker be on both sides in equal quantity.

     

    If there are no customer orders backing the best bid or ask, the MM could, as you mention, just instantly inject a new order when the current one is filled.

     

    If this is what is in fact happening (on the sell side), then we should see evidence of that on the daily short sales files from FINRA. But to this point we haven't been trying to correlate that information to those files.

     

    As to "Don't sweat the small stuff!", for *me* *if* someone is not abiding by the rules it's (potentially) cheating the rest of us and isn't "small stuff"... except maybe to the SEC and their ilk.

     

    HardToLove
    29 Jan 2012, 11:06 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Maya,

     

    In combination with (or instead of) "Level 2", if you have a panel similar to "Market Depth" and/or "Time & Sales" ( both on Power Etrade Pro), would be a good combination.

     

    Your "snipper" tool (you *do* know how to use that - right? ;-)) might prove useful to get a "freeze frame" if you notice something.

     

    <*ducks flying shoes*>

     

    The "Market Depth" *may* be equivalent to what DRich mentions below, the "TotalView". I'll have to keep my eyes open Monday to see if that appears true or not.

     

    HardToLove
    29 Jan 2012, 11:14 AM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    HTL: Don't forget "sub-penny quotes" which are another way to flood a competing hft or stock. Dark pool behavior...

     

    I believe ZH addresses these things on several occasions, and as I recall states that nothing has been done by the SEC and exchanges to fix anything.

     

    Even in the case where an individual stock or period of trading is NOT subject to this abuse, the loss of trust is sufficient reason to take action. The lack of same is sufficient cause for us to question the motives of the SEC, the exchanges, and the various other regulatory agencies involved.

     

    For some reason perpetrating the abuse is more important than restoring trust in the markets, and that, in the final analysis, is the most worrisome aspect of them all.
    29 Jan 2012, 02:42 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » HTL: Yes, I have all of those plus a "pressure bar." I noticed one day last week the Market Depth for buying was 16, selling was 21, the biggest spread I believe I have ever before noticed.
    29 Jan 2012, 07:24 PM Reply Like
  • 23808
    , contributor
    Comments (57) | Send Message
     
    HTL - Late Friday afternoon, I did noticed 2500 offered shares never got taken out even after several purchased were made. It seems like they just keep on reposting 2500 shares at asking price of .61 or.60.

     

    The other question I have, when I put in a bid that was different than the level 2 bid list via TDAmeritrade, I did not see my bid posted on level 2 bid list.

     

    I am confused, shouldn't the level 2 show all the bids and asks?
    28 Jan 2012, 08:37 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >23808 ... Level II shows all "current" bid/ask information. What it doesn't show is the order depth and total allotment. For that you need to go to the next Level ... NASDAQ Totalview. The Totalview data is best for determining order imbalance before, during and after market hours. Totalview provides the deepest level of information to help forecast near term stock price movement. It costs extra ($20-$50 per month) from charting services like TradeStation or is free(?) from Power E-Trade Pro (I think).

     

    Comparison between Level II & Totalview

     

    http://bit.ly/AkTETy
    28 Jan 2012, 09:37 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    There are minimum size requirements for your bid to be shown on Level II.

     

    For under $.50, it has to be at least 5000 shares.

     

    Over $.50 it changes to 2500 shares.

     

    I don't know where the next price point is ... probably $1.

     

    There's also a change in how "granular" you bid can be depending on the price. I don't know if it's also at $.50, but you could become the best bid or offer in increments of $.0001!

     

    Although it's amusing at least on Fidelity on the page for changing and replacing your order, your previous bid presented on the "change page" is rounded to the the nearest penny, which is no help at all in remembering exactly what your old bid was!

     

    These are the kind of things you learn in the "Valley of Death" :-)
    28 Jan 2012, 09:50 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Drich: My QuoteMedia service does that (about $42.00/mo.). Allows me to see all bids and asks, market depth (of which I don't fully understand) and the share number of all bids and asks. Helped me greatly when I was doing a lot of day trading in the past.

     

    In the past I have seen several times my orders being broken up into parts by the "middle man."

     

    If I decide to buy some more on Monday, I'm going to ask my broker how this works. He's explained the process to me before, but I did not take notes.

     

    I also believe that JP wrote that an order may be completed trhough more than one middle man.
    28 Jan 2012, 10:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    DRich and 23808: DRich, I *think* that total view may be on my ETrade as "Market Depth", but I'm not sure as I've not been looking to compare it to that "Totalview". It sure looks similar though to the sample you linked to, as to data content and "depth".

     

    That "Market Depth" panel is the one I've been referring to as "Level 2" because when I first started someone told me that was equivalent to "Level 2" data. Sheesh! The learning curve never seems to get flatter.

     

    23808: In addition to what DRich posted, pay attention to that link where it discusses the exceptions, such as "odd lot" sizes. Also note the requirement for improves the bid or increases size beyond a "de minimus" amount.

     

    Beyond that, I've noticed that if I bid below the NBBO price and it's a smaller order, it often never appears. May get filled or not. My broker tells me that OTC makers have a lot of leeway as to what's shown. And the new rules appear to supprt that with all the exceptions. It's got a lot more manual intervention than the major exchanges.

     

    As to the offer never getting taken out, I think my reply to WBT, above, *might* address that. Summary: market-maker offers with no customer orders backing it at that price? Don't know if that's correct, but it's appearing likely if we assume that they are playing by the rules.

     

    MHO,
    HardToLove
    29 Jan 2012, 11:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Maya, another tool you may have that *can* help track is order status. On my Etrade, as partial fills of my order occur, the quantity is reduced to show the remaining amount.

     

    But I'm not sure it's useful or detrimental: watching it like a hawk seems to have no effect on fill and seems to just increase the anxiety level if I'm *really* *really* anxious to get a fill. :-((

     

    I guess it's OK though - the next cup of coffee (all day long) masks the true source of my anxiety! ;-))

     

    HardToLove
    29 Jan 2012, 11:37 AM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    > Interesting info, HTL! Thanks. I don't see "level 2" bid/ask data so can't really evaluate but offer an interpretation.

     

    Judging from APC conversation Friday about the "inexhaustible" offer of 2,500 shares @ $.60, it appears that MM had an out IF the offer was first made at a time when offers through that MM by others were on the table for less than $0.60.

     

    Item (a)(1) of the reg summary reads,

     

    "(a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation shall publish immediately a bid or offer that reflects:
    (1) The price and the full size of each customer limit order held by the OTC Market Maker that is at a price that would improve the bid or offer of such OTC Market Maker in such security;"
    28 Jan 2012, 08:44 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    D-inv: add, and I focus on the word "each" ... and can't evaluate "de minimis" due to incomplete information in the market at any moment.

     

    (2) The full size of each customer limit order held by the OTC Market Maker that:
    (A) Is priced equal to the bid or offer of such OTC Market Maker for such security;
    (B) Is priced equal to the best bid or best offer of the inter-dealer quotation system in which the OTC Market Maker is quoting; and
    (C) Represents more than a de minimis change in relation to the size associated with the OTC Market Maker's bid or offer.

     

    Regardless of all that, my reply to WBT above may apply *if* these are *not* customer orders we're seeing. Could be pure MM stuff.

     

    HardToLove
    29 Jan 2012, 11:44 AM Reply Like
  • LawBoost
    , contributor
    Comments (11) | Send Message
     
    Hi Everyone,

     

    My first public post. I too had the courage to invest on the way down only because of the genorosity of those on this concentrator. Thank you very much JP, Maya, HTL and many others; I really appreciate your contributions!

     

    I have a question that I thought was best posted here although it stems from the last concentrator. In the last concentrator, Triple Black mentioned that others here are involved in other concentrators. I know he has a concentrator. What other concentrators are there by people in this group? Thanks in advance.
    28 Jan 2012, 09:05 PM Reply Like
  • Futurist
    , contributor
    Comments (2128) | Send Message
     
    Sorry,
    You have asked a question which has extraordinary implications.

     

    If we tell you, we have to kill you. :-)
    28 Jan 2012, 09:35 PM Reply Like
  • bazooooka
    , contributor
    Comments (2353) | Send Message
     
    It's not Axion related but many like to lurk at these "Quick Chats". http://bit.ly/wrrpU0

     

    Also following and looking at the comments of your favorite contributors will lead you down the right path. =)
    28 Jan 2012, 09:50 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    QuickChat (the hub): http://bit.ly/wrrpU0

     

    Rare Earths & Strategic Minerals: http://bit.ly/zX6Mjj

     

    Stability of the Euro: http://bit.ly/yVPAgO

     

    Mongolia (mine, so I'll plug it though its following is much smaller than the three above): http://bit.ly/sNjhw1

     

    There's more. These are the ones that have at least weekly posts. There's also: Swine Flu, NanoTech, Hindenburg Omen, Canadian Oil Sands (inactive at the moment; some guy named Maya runs it and is busy with something else at the moment...), Douche Bag of the Year (a November-December event), et cetera. If you hang around the QuickChat, you'll find the other instablogs that interest you.
    29 Jan 2012, 09:13 AM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    My submission for our theme video ... and theme song.

     

    Crank it up Axionistas!

     

    http://bit.ly/zmgI5S
    28 Jan 2012, 10:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    LoL! I liked it, but seems to go counter to the "don't sweat the small stuff" strategy.

     

    HardToLove
    29 Jan 2012, 11:56 AM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    Most excellent choice, wtb. I like this part especially: "I took my time, took my chances... " ;)
    29 Jan 2012, 02:02 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Google search for Axion Power news for past 24 hours turned up the following link about a company research report on Axion.

     

    http://bit.ly/xQJZHY

     

    A little further snooping found that research was prepared by Global Company Intelligence and there are actually three reports each costing 250 euro. Link to three reports below. They are just brief one para summaries.

     

    http://bit.ly/zWKjuL
    29 Jan 2012, 07:10 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    above link not earth shattering news, but at least some attention for Axion.
    29 Jan 2012, 07:22 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I expect AXPW to begin showing up on more stock picker sites every week. We are very close to breaking out, and when it does it will be on everyone's radar. We just need one big sale or announcement for the crowd to come into play.
    29 Jan 2012, 08:38 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1889) | Send Message
     
    Thanks, jlyleluce, for that market intelligence.

     

    I am not familiar with Global Company Intelligence, but I did want to point out that there is a large industry which repackages public information on the web -- and then resells for big $$. On more than one occasion I have seen "Reports" from a similar outfit called AlacraStore.com listed for hundreds of dollars -- but these documents were actually available from completely free sources on the web.

     

    So, all I would add is that it would not surprise me if outfits like these are depending on a lot of the free information this Concentrator and JP make available. Bottom line: Buyer Beware!
    29 Jan 2012, 08:49 AM Reply Like
  • Ricknplano
    , contributor
    Comments (291) | Send Message
     
    No report is going to provide more information on the company or the technology than reading this concentrator (including previous editions of course) and John Petersen's articles.
    29 Jan 2012, 10:05 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    Thanks for the kind words Rick. It's nice to think that my work has value beyond the practice development benefits to our law firm.
    29 Jan 2012, 10:45 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Looking back, how big of an impact do you think we all made picking up the shares from the SS sell off? We picked up a LOT of shares on the sell off AND on the ramp back up. Could the stock have been damaged beyond repair otherwise?

     

    I ask this question because I am wondering about the motivation for SS's liquidation. How many shares of Exide did they pickup last year? Could we have just thwarted some evil do'ers plans? surely not but I am curious. Could one of the data miners have a quick look at this?
    29 Jan 2012, 11:01 AM Reply Like
  • JohnM121
    , contributor
    Comments (359) | Send Message
     
    If all the information I had was what a simple google search, yahoo news and worse yahoo message board, I would not have doubled down at the end of last year. I had plenty of shares in October, and would not have taken on more risk without the greater level of conviction in the company. Multiply this same behavior with other readers here, and we have shortened the time for the big sellers to get out. That means the selling pressure has been greatly reduced, allowing time for some price appreciation well before any few funding is needed. It was a distressed stock, not a distressed company.

     

    $1.5 options is a clear message that the expectation is for a price well above this level in a few years. My opinion is that $1.50 stock price 2 years from now means either a global economic meltdown, or the company has failed to get even a small market niche.
    29 Jan 2012, 12:28 PM Reply Like
  • jakurtz
    , contributor
    Comments (1907) | Send Message
     
    Tim: "I ask this question because I am wondering about the motivation for SS's liquidation."

     

    One of my thoughts on that:
    New management came in at the beginning of last year, found an unknown otc.bb micro-cap stock in their portfolio with a double in March and apparently enough volume to provide reasonable liquidity. They took the opportunity and transferred some of the proceeds to Exide, a well known company on a major exchange with $3B in revenue and good exposure to the energy storage sector. I can only assume the funds holders liked how that transfer looked on paper.

     

    I don't think we can assume that they would have attempted to sell out if volume had not tripled from the prior year.
    29 Jan 2012, 06:55 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Tomorrow and next week is going to be interesting in terms of price action. The market will have digested the Vani Dantam hire and its implications regarding the probability of the financing being in place and future sales.
    29 Jan 2012, 11:13 AM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    John.
    You have always claimed that your articles do not influence the Axion share price. I am willing to accept this on an acute basis,however I do not feel it is still true on a chronic basis. I feel that there now tens of millions of shares in strong hands as a direct result of your SA articles, which does and will push up the price .Well done.
    29 Jan 2012, 11:15 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    I've never suggested that my work doesn't impact volume. I've introduced Axion tens of thousands of SA readers. I'd expect that 2% to 5% of those readers have become stockholders and another 10% to 20% keep tabs on the stock waiting for an event that will give them reasons to buy instead of watching.

     

    Mercifully, the kind of investors my work appeals to are bottom feeders. They spend a long time doing their own research and climbing a wall of worry before they hit the buy button. When they buy they do so slowly at the lowest prices they can get.

     

    Over the long term they make far better stockholders than traders because every one of them could write an essay on why they own Axion and most have two to five year investment horizons rather than two to three week horizons.
    29 Jan 2012, 12:04 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    John.
    I feel you are being a little modest, in your estimate of 2-5 per cent . I have introduced 3 new share holders, and I know nothing compared to you ( as far as batteries go).
    29 Jan 2012, 03:18 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    I'd hate to speculate about what the price might be without long term readers of my blog doing a lot of bottom feeding. There are stocks that get damaged beyond repair and never recover. Mercifully Axion was not one of them.

     

    Special Sits bought 1.8 million Exide shares and sold 4.3 million Axion shares between 3/31/11 and 9/30/11. I'd have a hard time building a conspiracy theory around those facts.

     

    I recently discussed Special Sits with a broker at a firm that caters to institutional clients. He told me that Special Sits had a high-level management change in early 2011 and the new guy made some very substantial changes in the overall portfolio structure, which incidentally shrunk from $866 million at March 31 to $649 million at September 30th.

     

    There selling behavior has been entirely consistent with what I'd expect from a new portfolio manager who wanted to match a fund's holdings to his personal investment style.
    29 Jan 2012, 11:18 AM Reply Like
  • carlosgaviria
    , contributor
    Comments (785) | Send Message
     
    I belive in this:

     

    "Special Sits bought 1.8 million Exide shares and sold 4.3 million Axion shares between 3/31/11 and 9/30/11. I'd have a hard time building a conspiracy theory around those facts".
    29 Jan 2012, 05:09 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I am very glad for that management change. I bought in in Jan 09 after reading you and continued to buy thru the ups and downs, on a regular basis over the years, I jumped in a big way in Dec 11. Now I am in at .42in . A very happy bunny. Thank you. If this continues it will be a pension cushion if not, I enjoy my job..
    29 Jan 2012, 11:47 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    It's another important transition in the maturation of a small company. A marketing genius would have been wasted when Axion was still refining its industrial engineering. The fact that the board thinks it needs to hire a big gun to spearhead marketing speaks volumes about their view of the production process and the suitability of the product for sale.
    29 Jan 2012, 12:12 PM Reply Like
  • JohnM121
    , contributor
    Comments (359) | Send Message
     
    I've seen plenty of start ups that begin the marketing before the manufacturing. I do my best to avoid these.

     

    On a personal not, I bought a Camry ICE recently. I always assumed I would get a hybrid of some kind. The 2012 gets 33 mpg (the 1996 camry it replaced got 28 on the same route). I drive 15K miles per year. At 33 mpg, this is 454 gallons. The hybrid is supposed to get 43 mpg, which would use 349 gal/year. That is 105 gallons saved every year. At $3.50/gal, the savings is an eye glazing $370/year. To save that $370/hear has an up front cost of $6000 (maybe less since I didn't negotiate a final price). That is a 16 year payback, which happens to be exactly how long I kept the old one.

     

    If I was in the market for a Lexus, I may have opted to the luxury of a hybrid. It's not an economic choice in this case.

     

    The other side is that if there was a start/stop option for 1 or 2 thousand that adds 10 or 15%, I call that an option, like leather seats, that I probably would have spent.
    29 Jan 2012, 01:01 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    > JohnM, we think similarly re-ICE vs hybrid. We bought a 2011 Camry at end-August after pricing out the hybrid. Purchasing the hybrid only made sense for us if one assumed a steady upward progression in the price of oil and gasoline year in and year out. I don't believe gas prices will follow any where near that trajectory and have found that our own fuel usage has consistently been lower on vehicles we own than that implied by EPA fuel economy ratings.
    29 Jan 2012, 07:46 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    No point in having a sales team if you are not ready to sell . The board have made a very public statement that a proven product is now ready. If that is not positive for share price nothing is.
    29 Jan 2012, 12:29 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Consider this my suggested Axionista theme song and substitute Axion as the name of the hero and Special Situations as the bad guy!
    http://bit.ly/yGPXh9
    29 Jan 2012, 12:51 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    Special Situations was not a bad guy. It was just a big fund that changed managers and investment strategies. In a more liquid market that decision wouldn't have been an issue for more than a couple months. With the liquidity that Axion had in early 2011, it was a catastrophic amount of selling pressure that let legions of Axionistas buy shares on the cheap that should have been trading in the $2 range. One could argue that Special Situations was the most generous friend the Axionistas ever had. Maybe we should build a shrine?
    29 Jan 2012, 01:08 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    It's a movie fantasy John - can't you relax for a minute! :<) Secondly, I think a lot of retailers lost a lot of money under their selling pressure and decided to bail. We Axionista's can view it in your light. No many others can.

     

    Perhaps it would be better to make Dr. Chu the villian!
    29 Jan 2012, 01:15 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    I thought I was relaxing when I went so far as to suggest a shrine to the fund that's been the bane of my existence for the last year.
    29 Jan 2012, 01:18 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Touche'
    29 Jan 2012, 01:28 PM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I wonder will Axion sign a sale in the next couple of weeks just to ground the new guy in ,what are the bets . Bang.
    29 Jan 2012, 01:30 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    I think he's got some traveling to do to meet important US players like NS, Viridity, GM, Rosewater and others. Eventually European trip with TG. 4-6 weeks I'd give 70-30. Best bet is he helps Rosewater or Viridity close a pending deal, or NS. Then there are the other auto OEMS and railroads to visit.
    29 Jan 2012, 01:47 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    The timeline is really starting to compress here. The ground is going to rush up quick. In only three days it's February. The March CC comes on its heels.
    If the optimal order of events is this:
    1) Announce decent sales order.
    2) Price runs up on reduced uncertainty/improved risk-reward as the sales order constitutes positive public validation of the PbC and all its underlying tech.
    3) Terms of financing deal are finalized or locked in based on some trailing period of recent increased average share price.
    4) Holy ink is splashed on paper and money changes hands.
    5) Deal is publicly announced. (and in the hills, there is much rejoicing)
    6) Quarterly earnings statements prepared and submitted *without* noxious going concern statement.
    7) "Most triumphant CC evah!" is happily conducted by one maestro Granville...

     

    Now, with perhaps a few minor rearrangements, I gotta think the above sequence is the most desired outcome, both for the Axionistas and the headshed. And if that is indeed the plan and the track, then we have maybe six weeks to see it all happen. And a lot waits on step 1. The farther that gets pushed to the right, the more compressed all the rest get. So I surmise that while spirits are surely riding high, the pressure has got to be building. My bet is we get our announcement by COB Thursday 09 Feb 2012.
    29 Jan 2012, 02:07 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    > 481086 ... I could be laboring under imperfect understanding of security regs, but I'm thinking the only ways to avoid issuing a quarterly earnings report without a "going concern statement" are 1) signing a substantial sales contract before report issue or 2) allowing the shelf registration to expire and execution of a further private placement before issuing the quarterly report. (I understand a private placement is unlikely/not doable with an active shelf registration.)

     

    Proceeding with a public offering of securities out of the shelf registration prior to conclusion of one or more substantial sales agreements would require issuing an updated prospectus for the securities offered that almost would include a "going concern" warning statement if I understand U.S. securities laws and regs.

     

    Unless Axion extends the shelf registration the info I've seen indicates it expires March 15. I look for sales announcement(s) before that date or a private placement. Share price could decline in that scenario. With a substantial sales contract in hand before March 15, I expect an offering of shares out of the shelf registration with the capital raise boosting share price.
    29 Jan 2012, 03:48 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    There's no reason to let the shelf registration expire when its far more sensible to use the shelf registration and raise enough money to avoid a going concern paragraph in the auditor's opinion. Investors in offerings that will resolve going concern issues are not typically concerned that the issues exist prior to the offering. So I don't see Axion's current weak financial position as an impediment.

     

    I'm inclined to believe that the only market response you'll see from completion of a financing transaction is a relief rally. Given the high liquidity of Axion's stock and the low market price, I'd be surprised to see an offering go off at a significant discount to market. Besides, everybody and his brother is holding off with the expectation of a price dip and whenever you see that kind of consensus, it's a sure bet that the dip is already reflected in the price.
    29 Jan 2012, 03:57 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    D-inv, I think we're roughly on the same page, in that the key is a sales contract, and the sooner the better for all the reasons we cite. I'm only saying that I think from TG's point of view, it is very desirous for it to happen well before 15 March, and so he is whippin' the ponies even as we speak. Thus my early-mid Feb SWAG, which is all it is...
    29 Jan 2012, 04:05 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    You may very well be accurate in that assessment, JP. I see it a bit differently for two reasons. Offerings that resolve going concern issues are typically offerings by companies that have established commercial viability of their products. Axion does not have that track record to date. Axion's weak financial position is not the impediment I see, it is the lack of demonstrated, unequivocal commerciality of the PbC battery. Repeat sales for testing purposes does not demonstrate commercial viability. Nor does it provide an objective market price for the PbC product that could be used with some confidence to project future revenues and profitability potentials.

     

    With a public offering preceded by a NS battery purchase for, say, 3 -5 yard locomotives and a PowerCube sale or two, or 5 - 6 PowerCube sales, or an auto OEM purchase order, pricing of the offering could easily be 2X or 2.5X present share price. Absent pre-offering sales contracts, I think it more likely share price will hold or fall than to rise.
    29 Jan 2012, 08:16 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » D-inv: You may be right, that the share price might pull back, afterall a little $26,000 Navy battery order took share price from 25 cents to a high of 64 cents, in under a month.

     

    The only thing missing from Axion's "track record" are purchase orders. Perhaps your greater concern is the size of the in-hand purchase orders. I'm more concerned with the variety.

     

    In my opinion, the unfolding Axion story of today is the one to track, not yesterday's.

     

    The whole emerging central investment theme of the APCs is to get in ahead of large scale production, not after that track record has already been established. Don't forget what I saw in November...that small mountain of empty battery cases.

     

    Comes down to believing, or not.
    29 Jan 2012, 09:29 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    Maya > "Perhaps your greater concern is the size of the in-hand purchase orders. I'm more concerned with the variety."

     

    :-) Concerned with both, Maya. Multiple relatively small orders from a single market would be great, but purchase orders from more than one market would be a bit better. Sizable orders for batteries (5k+) plus a purchase order for PbC electrodes from another battery manufacturer would be stellar/ "the cat's meow".

     

    IINM, the Gen-2 Pbc electrode production line output exceeds in-house AGM assembly capacity (1,000 batteries month).
    29 Jan 2012, 10:09 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    The one thing I keep mulling, and I can't help it, is the idea that among the large investors who buy the shelf offering there might turn out to be quick-buck types who will turn around and sell right back into subsequent run-ups. Hopefully the majority will have both a longer time horizon and bigger goals, and so won't make themselves an issue for a long while, but it's easy to see a nice short-term opportunity for them if not. I vaguely recall a discussion of this a while back, but that could have been me talking to myself. In any case, Is this just a risk that we'll have to accept and endure, or might there be some safeguards possible for the company to put in place?
    30 Jan 2012, 12:48 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    If we accept the premise that rapid resales by 2009 investors were something of a problem for Axion over the last couple years, then its also reasonable to assume that management might work diligently to avoid a repeat performance in the new placement. I know that I would.

     

    The sad reality is that investors frequently lie to companies about their investment goals and horizons. Those problems are compounded when investors do inconsiderate things like dying unexpectedly, making management changes or suffering unrelated portfolio losses.
    30 Jan 2012, 01:09 AM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    I do believe fervently that management will work as skilfully and diligently as they are able to avoid a repeat performance. But it sounds like there just can't be any binding assurances, other than what faith may be derived from carefully evaluating established reputations and past records of performance, and extrapolating from there the best that one can. I guess that's why it must be called "business" and not "a warm pillow". ;)
    30 Jan 2012, 01:38 AM Reply Like
  • jakurtz
    , contributor
    Comments (1907) | Send Message
     
    I believe I heard Granville say either on the last CC or to someone who had called him that Axion would be looking for a "good fit" for financing partners as opposed to one that just wants to flip the stock. I believe he mentioned that was more important to them than saving a few bucks on the financial transaction.
    30 Jan 2012, 07:28 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    JAK: Also, IIRC, somewhere was posted that he had potential financing partners lined up at the door looking to throw cash at him.

     

    If that's true, he's in the catbird seat and s/b able to get very favorable terms.

     

    A combination of FED-zirp effects and a strong potential growth story ought to add a little leverage in spite of being still a somewhat speculative firm.

     

    MHO,
    HardToLove
    30 Jan 2012, 07:34 AM Reply Like
  • jakurtz
    , contributor
    Comments (1907) | Send Message
     
    D-inv,

     

    I believe what we are looking for is the elimination of the type of going concern statement that was in just their last report. That statement related to their financial position, not commercial sales. Once their financial position is resolved we won't have to see that statement.
    30 Jan 2012, 07:37 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    In quarterly reports, there is a going concern footnote like the one we saw in September.

     

    In annual reports, there is an extra paragraph in the independent auditor's opinion that says:

     

    "The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company’s recurring losses from operations, negative cash flows from operations and net stockholders’ capital deficiency raise substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty."

     

    Footnote disclosure is bad. Qualified auditor's reports are worse.

     

    As long as survival financing is completed before the audit report is issued, the additional paragraph can be avoided. I expect that Axion will try to avoid the additional paragraph.
    30 Jan 2012, 07:44 AM Reply Like
  • Ricknplano
    , contributor
    Comments (291) | Send Message
     
    That was in his phone call to me. You have the facts right.
    30 Jan 2012, 08:00 AM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    Right now investing in Axion is a "forward looking" process. Investing in a conventional company with loads of history would represent a similar "fundamental analysis" looking largely backward at, say, Exide.

     

    Both investments might be found "good" if viewed from the separate (forward or back) perspective, and both might be judged as "bad" if one swaps the two methods.

     

    Some investors NEVER buy based upon predominantly forward looking factors - and that's a good idea, particularly for institutional investors operating with strict investment rules, and those investing on behalf of widows and orphans.

     

    My feel for the participants of these blogs is that we are overwhelmingly a group willing to invest based upon information of the "forward looking" variety.

     

    In the end, its all about the individual's perception of "acceptable risk".
    30 Jan 2012, 10:19 AM Reply Like
  • dogday1
    , contributor
    Comments (56) | Send Message
     
    I feel the sale of PbC and it's application takes months of discussion with experts from both sides . I bet there is one in the chamber ready for the trigger to be pulled. We shall see.
    29 Jan 2012, 02:08 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    Concur. They didn't hire this guy to make the first sale. He's dead money while that pot slowly boils. They hired him to manage the flood...
    29 Jan 2012, 02:24 PM Reply Like
  • metallurgist1
    , contributor
    Comment (1) | Send Message
     
    I have been a lurker on SA for over 6 months now, have been in AXPW for over year, now waiting for a dime more to make me positive. What is the consensus for the amount of capital to be raised and share dilution in the next few months
    29 Jan 2012, 03:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    I think there are far too many variables to reach a reasonable consensus on any of those questions. The number of shares to be sold will be a function of the company's capital needs and the market price when the money is raised. Fortunately there will be no dilution because as every bartender knows, it is physically impossible to dilute a beer by adding a shot of whisky, or even two shots of whisky.
    29 Jan 2012, 03:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Metallurgist1: I don't know if it'll help ease your mind, but the current registration calls for a maximum of $28M in two tranches: one for $18M, already approved, and a second *if* needed *and* approved by the BOD for up to $10M more.

     

    If there's any reasonable estimate of when that occurs and potential pps in the market, one can apply some estimated *reasonable* discount (for whatever conditions are expected to exist then) and make a high/low share count estimate.

     

    Of course, a *lot* of assumptions made would be just speculation, so that probably ought to come from you, rather than us.

     

    I know I like to remain "guilt free".

     

    MHO,
    HardToLove
    29 Jan 2012, 04:20 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    With the tinfoil hat on for a little while longer...

     

    SS purchased half the number of (XIDE) shares over the shares of (AXPW) sold but the cost of (XIDE) is more than twice that of (AXPW). This looks like a shift out of AXPW into XIDE for SS to me. So, do they know more than we do? on the contrary, I think we know more than they do. Although I wasn’t too thrilled about it then, I am very happy today.

     

    The discussion seems to always center on Lithium vs PbC. We know that PbC is not a Lithium killer and will share some overlap. What we don’t discuss much is that the PbC could very well be the “straight” LA/AGM killer (in time). I think it far more likely we see a cost reduction of a carbon plate and creep age down the AGM line to LA than a lithium battery selling at half its current cost.

     

    We also talk about the recyclability of the PbC and the reduction in weight due to the carbon replacing lead but seldom, if ever, at the same time. Also, in every PbC vs Lithium debate we hear about how toxic lead is (which it is). However, I have never heard that the PbC would reduce our lead consumption worldwide in HUGE amounts (probably because I have my tin foil hat on and just made it up).

     

    Think about it. The battery manufacturers are shifting their production from LA to AGM and will at some point drop the LA if for no other purpose then to simplify production. I suspect by this time the carbon plate will be very economical and perhaps very close to standard OEM issue. If true, then most of the LA/AGM batteries produced will use half the lead of their predecessor and will last at least 4 times as long (time to short lead mining? Hurrah!) .

     

    If we could flip the “PbC Inside” switch on every LA/AGM battery today, it would be years before we needed to take more lead out of the ground for batteries. Why are the environmental folks (myself included) not yelling “PbC, PbC, PbC” from the roof tops!!

     

    This would be very bad news for folks like Exide with 75% of their sales being aftermarket. Now if (JCI), who has many other interests, and Axion got together, they could very well put some people out of business and dominate the LA\AGM market. I think I will shift my (XIDE) over to (AONE) now that my (XIDE) snorkel is dry.

     

    I think I might just leave my tinfoil hat on. I seem to think much more clearly! <laughing to/at myself>. Keep in mind this is a tinfoil hat comment and it is a day of rest, relaxation and reflection...
    29 Jan 2012, 04:03 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    Sometimes tin foil hats can clarify thinking by reflecting stray thoughts.

     

    I hate silver bullet mythology above all else and will be perfectly happy if the PbC is one pellet in the silver buckshot. There is far more demand for capable cost-effective batteries than there are capable cost-effective technologies. The challenge won't be beating off the competition as much as scaling enough to make a difference.

     

    The lead savings could be immense if the PbC technology becomes a de-facto standard. It could also make the aftermarket battery business less attractive. That being said, nobody ever lost money by giving the customer better value.

     

    You'll probably never hear Granville talk about economies of scale, but right now Axion is at the upper left hand corner of the learning curve and as we get to Gen 8 on the manufacturing line and find cheaper ways to overcome corrosion challenges, the potential for cost savings gets pretty immense.

     

    I wouldn't wear it all the time, but keeping the tin foil hat handy is always a good idea. Besides, it looks good on you.
    29 Jan 2012, 04:21 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Yea, looking out there quite a ways... but I do believe this one has got some legs John...

     

    Mr I, you know I actually got to thinking about building a tin foil hat after I posted my comment <smile>. I drive for hours and hours and have lots of time to get "creative" with my thinking. You don't mind if I used your suggestion do you? Look for it on TV during the hours of 1-5 am.

     

    86, Order one in the next 20 minutes and get a free bowl of soup...

     

    I really enjoy this group of folks...
    29 Jan 2012, 06:05 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    And turn it over and it doubles as the soup bowl. Two, two products in one!
    29 Jan 2012, 10:27 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2100) | Send Message
     
    I know of a source of cheap, but shiny, stainless steel mixing bowls that would probably look fabulous on you, Tim ;-) You take about a 4 quart, right?
    30 Jan 2012, 01:52 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Just like you (SHB) to come up with a cheap/easy solution for my complex problem. Won't stop me from selling it between the hours of 1-5 am though <smile>. Especially if it doubles for a soup bowl...

     

    PS does that "shiny" and the "looking fabulous" comment have anything to do with my current hair style?
    30 Jan 2012, 08:59 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » SHB: Will those work when the world ends later this year? I could sell thousands of them in Copan, and if properly dinged, could be reborn into a Jamaican steel drum, and used to play along with Bob Marley's tune, "Everything's Going To Be All Right."
    30 Jan 2012, 09:21 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2100) | Send Message
     
    Well, the concave side is the "mirror finish" surface, so it would be "like to like". Might slide around a bit without a chin strap :-)

     

    Should work fine as a soup bowl, but you need to eat fast before the soup cools off in the thin SS bowl. I'm sure it's China's best.

     

    Seriously, I bought several sizes to try out as a reflector in a project I have been hacking at for many months. It might even work if I spend some time carefully drilling holes. Sigh. So many projects, so little money and energy.
    31 Jan 2012, 12:00 AM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2100) | Send Message
     
    Sure Maya! You should get the "heavy duty" one that goes "pong" when you thump it instead of "tink" like the lightweight version Tim needs. Costs more, but it's worth it!
    31 Jan 2012, 12:05 AM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    SHB, gonna need you to work on the conversion from Quarts to Inches for the hat size. Also, need a chin strap proto-type ASAP and don't forget the foam inserts. The foam inserts are most important as the straps will look cooler dangling and the rebels will never buckle! I think we are on to something don't you Maya?

     

    Crap! make the foam inserts removable or tech support will get overwhelmed will calls about the inserts altering the taste of the soup (too salty). Then we will need instructions. Arg! nobody every reads instructions. S#it! let's just drop the price from $19.95 to $9.95 plus $700 S/H and forget the straps and foam inserts...
    31 Jan 2012, 07:19 PM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    Add a small propeller and the opportunities are unlimited.

     

    The fashion statement is classic.

     

    Link the propeller to one of those tiny PbC batteries we want for our model train locomotives, a simple circuit, and voila, we can claim to be generating and storing enough energy to keep the soup hot.

     

    Even if it doesn't work (and it probably won't), we'll become billionaires selling them to EV fans.

     

    Shoot, we can probably get the idiots, er, geniuses at the DoE to front us half a bill on the cuff (OK, we might have to tell a few white lies about who we backed in the last election, but EVERYBODY does that when trying to rip off the government, right?)

     

    All it needs is the right marketing touch...
    31 Jan 2012, 07:40 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    A propeller, of course! tb you are a genius...

     

    I was trying to get the PbC in there but all I could think of was shock therapy and negative ion generator - we are back to $19.95! Where is Bang? someone find Bang and tell him that he's gonna be on TV...
    31 Jan 2012, 08:18 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    Have we over done this yet? Maya we are still unwinding from the January ramp up. We will be better tomorrow...
    31 Jan 2012, 08:21 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >Tim Enright ... Feeling a little schizophrenic are we. A Mad Hatter celebrating a "Very Merry Unprice Rise" for you. Love the Up but want the Down. Check the pitch on that prop.
    31 Jan 2012, 09:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Tim: Oh, I don't know. Talking about tin hats turning into mixing bowls being reborn into steel drums with motors added that run model trains and heat soup...seems quite the downgrade from yachts, airplanes and fine automobiles.

     

    What's going on here? Is everyone suddenly becoming more realistic? Less dreamy?

     

    Hardly...with this practical and bright gang.

     

    We're only a mere two or three months away from knowing far more then, than we do now.

     

    I'm just relaxing today and tonight, knowing a lot of good folks here have seen their portfolios kick up good and fun fuss this past month.

     

    The first 100% uptick usually is the both the quickest one, as well as the hardest one...to maintain.

     

    It ain't quite yet time to dispense with the snorkeling gear altogether. But that time is getting closer.
    31 Jan 2012, 10:11 PM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Tim foil hat, I'm thinking. <:^)
    29 Jan 2012, 04:32 PM Reply Like
  • 481086
    , contributor
    Comments (3332) | Send Message
     
    Did ya get a free bowl of soup with that hat? ;)
    29 Jan 2012, 04:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Well, as long a y'all have my favorite hat out, take a look here.

     

    http://bit.ly/uGVJsb

     

    Look at the "Reg SHO & Rule 4320 Status" below the short sales reports. Notice we've been flagged with failure to deliver since 12/29/11 - a full month now.

     

    http://bit.ly/zIwboc

     

    So, either someone is naked shorting and not acquiring shares to deliver (don't like the price, eh?) *or* there's a *lot* of shares that haven't been converted and re-registered in street name, as John has described, in a somewhat timely fashion. Alternately, it could say that a *lot* of certificates from original holders *are* being converted on an on-going basis.

     

    In the former case, that could explain some of our price rise - *if* somebody's afraid of sanctions, they could be scrambling to acquire to cover the short positions. Could be market-maker(s)? We have seen a sustained rise in short percentage and volume.

     

    Here's our short sales percentages daily.

     

    1201 37.39% 0103 29.10%
    1202 35.10% 0104 28.63%
    1205 16.96% 0105 49.16%
    1206 23.94% 0106 39.92%
    1207 42.11% 0109 31.13%
    1208 31.16% 0110 56.29%
    1209 66.55% 0111 51.54%
    1212 43.88% 0112 39.67%
    1213 50.04% 0113 43.21%
    1214 20.52% 0117 22.04%
    1215 35.08% 0118 05.91%
    1216 13.72% 0119 37.37%
    1219 09.71% 0120 71.76%
    1220 06.55% 0123 63.56%
    1221 41.78% 0124 51.95%
    1222 35.19% 0125 59.30%
    1223 41.43% 0126 54.20%
    1227 38.62% 0127 40.63%
    1228 25.31%
    1229 07.74%
    1230 16.04%

     

    In the latter case either someone is late filing forms or not required to file.

     

    The implications of the latter case are short-term depressing.

     

    HardToLove
    29 Jan 2012, 07:22 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    AXPW and ZBB seem to be on parallel tracks. Time to hit the ZBB concentrator. See Chart: http://bit.ly/yzaKKz
    29 Jan 2012, 09:07 PM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    Tried to add a comment with an edit but to late. Axion's Friday candlestick was a Bearish Harami. We'll see how good candlestick patterns are at predicting tomorrow. I'd be happy with a drop, I'm ready to buy.
    29 Jan 2012, 09:30 PM Reply Like
  • Futurist
    , contributor
    Comments (2128) | Send Message
     
    Can't buy into short term candlestick charts on the pink sheet stocks.

     

    Long term price and volume charts maybe. I have found long term resistance levels this way. But a crap shoot using short term charts. One stockholder can turn the charts. One. Be very careful.
    29 Jan 2012, 09:49 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Futurist: Great point. If anyone over the weekend decided they wanted another couple hundred thousand shares, that could change everything, in a heartbeat.

     

    But if someone is going to toss say $100K at Axion, then that person likely will have a clue to indicators, or a good advisor who can coach the investor about a potential short term better price.

     

    I've already decided that if I choose to add to my position (and I'm not certain I will do this), tomorrow will not be the day I will do so.

     

    But if that whale comes along...and flicks a tail, I'm done shopping.
    29 Jan 2012, 10:03 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Bang: I saw that bearish candlestick, too. Way back four years ago, I used to call it an inverted fire cracker. One to take notice of.
    29 Jan 2012, 09:41 PM Reply Like
  • magounsq
    , contributor
    Comments (971) | Send Message
     
    Sound familiar?...John's words ringing in my ears!

     

    "Fear puts pressure on small-caps"

     

    http://b.globe.com/zB0aK1

     

    "Q. Why did small-caps have such a rough 2011?

     

    A. We’ve got these big headwinds, like the nation’s debt problem, that have damaged the appetite for long-term investing. It has especially hurt the high-risk, high-reward segments of the market, including small- and micro-caps. The smallest of the small were punished by fear and a flight to safety."
    "Q. Can a small stock whose business is fundamentally sound manage to attract attention from investors in this environment?

     

    A. Fundamentals don’t count anymore. A lot of the small companies we like have no debt. But people were still selling these stocks indiscriminately last year, putting money into bond funds and Treasurys because that is a place to hide. Perhaps it will change. But investors just don’t have confidence.

     

    We’ve had five years in a row when investor withdrawals from stock funds have exceeded deposits. People don’t understand how huge this has been. This has put pressure on mutual funds and professional investors to sell securities to meet redemptions. So this aggravated last year’s bear market for small stocks."
    29 Jan 2012, 09:53 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >magounsq ... In 2012 we have contracting margins to worry about.
    29 Jan 2012, 10:29 PM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    The Flash Crash did a ton of damage. And the powers that be have done nothing to fix the problems. Until they do...
    30 Jan 2012, 10:25 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >tripleblack ... Why would the exchanges want to fix whatever caused the "Flash Crash"? The exchanges are not the public capital market structure they were just a few decades ago and don't show much interest in that function on a 'go forward' basis.
    30 Jan 2012, 10:34 AM Reply Like
  • bangwhiz
    , contributor
    Comments (2235) | Send Message
     
    I am reluctantly, but thoroughly, falling into a "the game's rigged" mode of thinking.
    30 Jan 2012, 11:33 AM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >bangwhiz ... Of course the game is rigged, but it always has been. Our job is to figure out the rules and play along. My contention is about the exchanges themselves morphing from basically a nonprofit site to conduct business and enforce semi-fair play rules to being profit centers interested in whatever generates share volume for commission.
    30 Jan 2012, 12:05 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    They haven't fixed the problem, but it's not true to say they've done nothing.

     

    http://trib.in/yAzyNa
    30 Jan 2012, 01:42 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >wtblanchard ... Yes, they have done something but it is the absolute least. It is years on now and there is no definitive answer as to why it happened or consensus that it was even a bad thing to have happen except for the perception of the public that it is a bad thing to have happen and that is not important. Sure daily traded shares are down so, as far as the "Flash Crash" is thought to be a reason for that, solutions will be incrementally implemented until perception changes. Whether the problem is fixed ... who cares as long as share count rises.
    30 Jan 2012, 02:56 PM Reply Like
  • wtblanchard
    , contributor
    Comments (2388) | Send Message
     
    I don't believe there will ever be a definitive answer ... the data isn't available to prove it.
    30 Jan 2012, 03:00 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    AXPW.OB real time alert subscriber count up to 218!
    29 Jan 2012, 11:12 PM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    WAY OT, BUT TOO MUCH FUN

     

    Today's Daily Mail is reporting that the UK's Met Office and the University of East Anglia Climatic Research Unit have confirmed that the rising trend in world temperatures ended in 1997.

     

    http://bit.ly/wHVQHE

     

    "After emitting unusually high levels of energy throughout the 20th Century, the sun is now heading towards a ‘grand minimum’ in its output, threatening cold summers, bitter winters and a shortening of the season available for growing food."

     

    Since much of the impetus for investments in electric drive is founded in fears of man-made global warming, this abrupt change in scientific thought could have significant long-term consequences.

     

    Who'd have imagined that the sun could have an impact on the earth's climate?
    30 Jan 2012, 01:48 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    With JP's records, this data might give an early clues to what will be seen on the Feb filings by SS et al. At least that's what I hope it reflects.

     

    These are *rolling* fails to deliver quantities for the last two months of 2011.

     

    Date Quant. PPS .. Date ..Quant. .... PPS
    11/03 02000 0.49 12/01 0069064 0.39
    11/04 00655 0.47 12/02 0004434 0.40
    11/07 04901 0.50 12/07 0001026 0.32
    11/08 00055 0.48 12/08 0057794 0.33
    11/09 00013 0.48 12/09 0341077 0.34
    11/14 01753 0.43 12/12 0616514 0.35
    11/15 01253 0.48 12/13 0607186 0.34
    11/17 04465 0.38 12/14 0386796 0.33
    11/18 13792 0.39 12/15 0604791 0.34
    11/21 11792 0.38 12/16 0475456 0.33
    11/22 16500 0.37 12/19 0617221 0.31
    11/23 63300 0.33 12/20 0799576 0.29
    11/25 02092 0.37 12/21 0828029 0.30
    11/28 01992 0.41 12/22 0372843 0.29
    11/29 07900 0.38 12/23 0360643 0.29
    11/30 01872 0.39 12/27 0382598 0.29
    12/28 2303556 0.29
    12/29 2237159 0.29
    12/30 2161522 0.27

     

    Here's some of the highest seen since 2010.

     

    Fail Dt .... Quantity .. PPS
    12/15/11 0604791 0.34
    12/13/11 0607186 0.34
    04/29/11 0608548 0.84
    12/12/11 0616514 0.35
    12/19/11 0617221 0.31
    05/02/11 0667175 0.83
    05/03/11 0729726 0.82
    12/20/11 0799576 0.29
    08/23/11 0824678 0.58
    12/21/11 0828029 0.30
    06/13/11 0931800 0.63
    08/25/11 1050502 0.55
    08/24/11 1053255 0.57
    06/16/11 1094884 0.66
    06/14/11 1130109 0.65
    06/15/11 1140109 0.66
    12/30/11 2161522 0.27
    12/29/11 2237159 0.29
    12/28/11 2303556 0.29

     

    HardToLove
    30 Jan 2012, 05:45 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    HTL...I don't know how to interpret these numbers. My first thoughts are the price rise has been fairly easy to understand though from just a few simple points and maybe your numbers on shorts may confirm it.

     

    1. End of year selling is over
    2. Millions of shares were transferred in the 4th qtr. 2011 and first part of Jan. 2012 causing JLP's supply inflection theory to be correct.
    3. The price of .25-.40 was just too cheap and bottom fishers & axionistas used this to average down in a big way, furthering the impact of #2 above.
    4. SUMMARY = price rise is simple supply/demand metric. New buyers wanted in, and the price had to rise because the S/S supplier of unlimited shares at any price was absent. Short term traders and/or Axionistas only began to sell at >.50.

     

    As to the big increase in short numbers, I expect one of the big sellers (Quercus or S/S) just hasn't quite done the paperwork to deliver the last of the large volume of shares they dumped.

     

    I don't think that anyone would "naked SHORT" AXPW at any level that we've seen in the past 90 days.
    30 Jan 2012, 06:12 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    LT: There's lot's of reasons for failure-to-deliver that are legal and normal and a few that are not.

     

    The important thing for me is the rolling (cumulative) quantity. In a *normal* situation we could see temporary bumps up and then down as sales are made, a delay in delivery occurs for normal reasons, and finally the shares are delivered, If the delay was for a short-term selling event.

     

    In an abnormal situation such as seen the last two months of '11, I first assume that the conversion of certificates JP has mentioned often constitute the majority of delays leading to an elevated level of fails. And with the high-volume, Quercus, SS, possible tax-loss selling and some folks just plain exiting, I'm not surprised to an elevated level. But this seem quite excessive to be sustained so long.

     

    But I do *not* discount naked shorting as that *is* the standard method of sale by market-makers when they receive sell orders to sell and the shares are not yet in their portfolio. One would hope that most of these sales were for real shares held by the sell-order originator, but we have no way to tell.

     

    There *might* be some small percentage of these orders that aren't such, but we have no way to tell (maybe we need a new acronym because we say it so much BWHNWTT).

     

    Keeping in mind the article I linked about market-maker operations, I also assume that *some* small percentage *may* be a market-maker that is out of position trying to get back to market-neutral with the method described in that article.

     

    Combining the elevated percentage of FINRA-reported daily short sales (average well above the 36% or so that seems to be both normal and logical even into January) with those elevated fails-to-deliver volumes, I must assume that something abnormal was, and likely is still, happening.

     

    The first half of January will be available tomorrow sometime (or the next day? Text just says "at the end of the month"). Then we might know more.

     

    I agree with your 1 - 4. I believe that tomorrow's fails report *should* reflect your "paperwork" thesis too. I don't know how long, on average, the conversion process should take, but I've got to believe that 30 days wouldn't be too tight a window. So stuff sold in November should be cleared (and should have been cleared in December) and at least the first two weeks of December should now be cleared and reflected in tomorrows report. Since the 10-day average volume was flat-to-down 23 December, there should not be much "masking" of the clearing of the late-November to early-December paperwork delays (assuming a 30 day conversion process, which I think is quite generous).

     

    The unfortunate thing is that *if* there is a problem with the shares from 12/27/11 onward, we won't be able to know it until around 6 weeks after the fact because of the delays in reporting the fails-to-deliver.

     

    You'd think with the proliferation of computers we could get reports that are more timely. The only reason I can see for not getting them requires my tin-foil hat.

     

    HardToLove
    30 Jan 2012, 08:25 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    "But I do *not* discount naked shorting as that *is* the standard method of sale by market-makers when they receive sell orders to sell and the shares are not yet in their portfolio. One would hope that most of these sales were for real shares held by the sell-order originator, but we have no way to tell."

     

    I do not discount "anything" either. We think too much alike HTL! LOL

     

    BTW...I posted the Quick Chat links like you asked.
    30 Jan 2012, 08:48 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    The SEC was real - CNBC has video and stories about it from back in ... '10? I remember the furor (short-lived in an ADD market that just accepts a Madoff-unaware SEC would naturally being doing this sort of stuff I guess).

     

    The posting in the "Stability of The Euro" thing was something I thought you might be interested in since you posted those links. I know FPA would love to have them there as well.

     

    HardToLove
    30 Jan 2012, 09:02 AM Reply Like
  • MitchS
    , contributor
    Comments (47) | Send Message
     
    FWIW, I currently have a limit sell on all my shares set for ~$1.20. I heard once (and investopedia seems to confirm this) that if your shares are up for sale, e.g. have an open limit sell against them, then they are not available for shorting. Don't know if it would make much of a difference, but I do what I can.

     

    Can anyone confirm this is true: shares that have limit sells pending are not available for a broker to short?

     

    http://bit.ly/x5KvY7
    30 Jan 2012, 09:47 AM Reply Like
  • LT
    , contributor
    Comments (4600) | Send Message
     
    I hope someone finds out if this is true, if so I will place an order GTC @ $10/shr.
    30 Jan 2012, 10:02 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    MitchS: I can't confirm the question. But it would make sense because the shares may be sold into an account from which a borrow is not permitted (IRA, 401K? Unsure, but I believe it's any non-margin account).

     

    But I believe John Petersen has it right that the stock is not (heavily?) shorted because of the low price. If you check that link I provided above, to the OTC short reports, you'll see that days to cover is consistently 1 day. My *belief* is that what is reported on that report is (almost?) exclusively due to the lag from market-maker receipt of a sell order until the shares are transferred to the market-maker control.

     

    If the daily shorts are, as I believe, just the normal daily market-maker operations, your action would have no effect since market-makers are exempt from Reg SHO borrow-first requirements, i.e. they are allowed to, and do regularly, naked-short.

     

    (Hopefully), most of that will be in response to sell orders that are backed by real shares that will flow into their portfolio within the normal T+3 period.

     

    But JP has also pointed out that many of the shares that were being sold came from original investors and are in certificate form. These have to be converted to electronic form and registered in "street name" (there's apparently a *substantial* lag in this process) before they make their way into the market-maker portfolio, where they may net-out the shorts (unsure because I've never been able to find out if this is normally done by the DTCC for market-makers).

     

    HardToLove
    30 Jan 2012, 02:11 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (AXPW): Unusual pre-market trade today - small 3400 @ $0.60.

     

    HardToLove
    30 Jan 2012, 09:38 AM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    will be interesting to see how 200 day MA supports
    30 Jan 2012, 09:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    JLL: Unfortunately it's in a down trend and will be for quite some time. So even if it gives support, we could ride it down.

     

    A "golden cross" is some time off yet but at least the 50-day SMA is curling upwards now, and looking at the "head" of that, will continue to do so as older lower prices drop out of the calculation period.

     

    Unfortunately, ATM, the 200 is in the opposite situation - higher prices are dropping out as lower prices at the "tail" come into play.

     

    HardToLove
    30 Jan 2012, 02:43 PM Reply Like
  • jlyleluce
    , contributor
    Comments (260) | Send Message
     
    Checked stream of prices and at continuing price of .60, the 200 MA would not begin to increase for about 60-70 days. At .70 would be about 20-30 days. If we got a boost in price to .80, it wouldn't be long at all.
    31 Jan 2012, 10:59 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Hi Folks

     

    Been dealing with my knee surgery. Had a completey torn off meniscus ligament that had to be sewn back on. Not what the DR nor i had expected.

     

    Anyway picked up some more shares this morning at 59 cents....

     

    MAP
    30 Jan 2012, 10:57 AM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    I added this morning too. Luck with your recovery, MAP.
    30 Jan 2012, 11:07 AM Reply Like
  • Mr Investor
    , contributor
    Comments (2511) | Send Message
     
    Well, we just had a big run and this thing still doesn't want to stay down. Very nice.
    30 Jan 2012, 11:35 AM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    224 real time alert subscribers, an 8% gain since first observed last Thursday.
    30 Jan 2012, 12:10 PM Reply Like
  • D-inv
    , contributor
    Comments (3932) | Send Message
     
    Further raising the AXPW profile. http://tinyurl.com/82r...
    30 Jan 2012, 12:19 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    It seems the company is gearing up for the possibility of a run of orders to come. Hence you need a person with connections within the industry, It can either be a good move, however it can also backfire.

     

    Lets see how it works out. Since following all your postings it seems this company has done most things correctly. Would love to see a competition develop for the battery between companies.

     

    If this occurs the skys the limit. Having one who know names will certainly help if that situation is possible...

     

    MAP
    30 Jan 2012, 12:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (AXPW): at 13:37, buy:sell was 1:1.76. Not bad considering only 49 trades then and (what I think is) short-term consolidation going on.

     

    HardToLove
    30 Jan 2012, 02:30 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » This way to the next Concentrator, this time around complete with JP's spreadsheet.

     

    http://seekingalpha.co...
    30 Jan 2012, 05:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (AXPW): 1/30/2012 EOD stuff I've been tracking.

     

    Buy, sell and unknown ended at 141,064, 155,737, and 5,100 respectively, giving total volume for the day of 301,901. Buy:sell ended at 1:1.10 and buy:(sell+unknown) at 1:1.14.

     

    There was a pre-market trade of 3,400 shares at $0.60 that will not appear on the FINRA-reported daily shorts sales volume. It was shown as a buy.

     

    The largest trade today was 19.8K @ $0.59 @ 9:41:37. Two 15K trades at 13:48/49 for $0.61, a 14.062K at the same price at 12:58 finish up the larger trades today. All the rest were 10K (four) or smaller. Early action was more to the sell side, with the ratio being 1:2+ through 13:15. The rest of the day saw the smaller trades going predominately at the ask to bring the ratio nearer to the buy side, 1:1.10. I'm guessing that the daily short sales will still tend towards the higher side - greater than 40%? We'll see.

     

    HardToLove
    30 Jan 2012, 05:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13443) | Send Message
     
    Proud day for me! That 19.8k was part of my morning buy at .59. The rest was broken down into smaller bits.
    30 Jan 2012, 07:19 PM Reply Like
  • Tim Enright
    , contributor
    Comments (1341) | Send Message
     
    "Proud day for me! That 19.8k was part of my morning buy at .59. The rest was broken down into smaller bits."

     

    Yup, after watching today it looks like my last 30k in the .55-.57 range may stay unfilled. I have been using "all or none" and my Fidelity order gets filled only when the ask reaches my bid.

     

    Should I give the MM a little more flexibility?
    30 Jan 2012, 09:10 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >Tim Enright ... Be brave and go for the Ask. A buck from now you'll never miss those pennies. I removed that AoN on a penny stock once and forgot the GTC. I got 1 stinkin' share on a 10k order. Most expensive share (percentage-wise) I've ever bought.
    30 Jan 2012, 09:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    DRich: Similar happened to me once. I called ETrade and they refunded the fee.

     

    Maybe yours will do the same if it happens again. I am considered a frequent trader - I don't know if that makes a difference.

     

    My next attempt on that stock got filled OK.

     

    HardToLove
    31 Jan 2012, 05:46 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » I'm back in the camp of hoping Axion retreats a few more pennies in the next few days. I lay in wait, lurking to buy more.
    30 Jan 2012, 05:16 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >Mayascribe ... So I guess the uncertainty of a few days ago has passed?
    30 Jan 2012, 05:26 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » DRich: What uncertainty? I'm on record that I expect the 60 cent battleground to ensue for a few more days, with a possible retrace down to 58 or 57 cents, before we head up to the next battleground of 75 (to, I'll add) 77.5 cents.

     

    That's the recent trend I have noticed, and it certainly seems to be occurring, as much as the short time-wise current data allows us to create trends and charts.

     

    It appears we are on a stair step ascent.

     

    Guess the best way to respond is that I'm considering buying more, hence, there is less uncertainty...in the short term, inside this deck clerk's trading noggin.
    30 Jan 2012, 05:36 PM Reply Like
  • DRich
    , contributor
    Comments (4429) | Send Message
     
    >Mayascribe ... I was just referencing this comment

     

    http://seekingalpha.co...
    30 Jan 2012, 06:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Author’s reply » Gotcha, DRich. Guess I over did the implied "bearishness" of Friday's candlestick. To me, that candelstick is all welcome and positive, potentially allowing for a chance to by more at cheaper than today's close.
    30 Jan 2012, 06:39 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Guys....I need until Thursday for my dry powder to be available...Seems Schwab has a thing against penny stocks....Amazing, but here we are rooting against a price increase...lol..
    30 Jan 2012, 05:38 PM Reply Like
  • LabTech
    , contributor
    Comments (1781) | Send Message
     
    Join the club. Still waiting for a check to move from one fund to another. When I'm ready I need a retraction down to $0.52/share so I can get the number of shares I want to fill out my position. You'll make that happen...right??? ;-)
    30 Jan 2012, 10:24 PM Reply Like
  • mds5375
    , contributor
    Comments (153) | Send Message
     
    Interesting note:
    http://bloom.bg/x1lyjn
    "The following is a list of “threshold securities” from the Nasdaq Stock Market, published daily in compliance with the U.S. Securities and Exchange Commission’s Regulation SHO.

     

    The list consists of stocks for which sellers failed to deliver 10,000 shares or more in the past five trading days and the level of “fails” is a minimum of 0.5 percent of the shares outstanding. Securities are listed alphabetically by ticker."
    31 Jan 2012, 07:43 AM Reply Like
  • John Petersen
    , contributor
    Comments (29569) | Send Message
     
    It's exactly the same phenomenon you see in the FINRA short sale data I wrote about recently. When a stockholder has shares in certificated form he can't make good delivery until his paper stock certificate has been processed through the system and the shares have been returned in electronic form. Those kinds of transactions almost always result in a failure to deliver within T+3.
    31 Jan 2012, 08:27 AM Reply Like
  • mds5375
    , contributor
    Comments (153) | Send Message
     
    Yep. Exactly.
    Forgot to mention that the report shows AXPW on the list for 26 consecutive days.
    31 Jan 2012, 09:55 AM Reply Like
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