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Don't follow the pack. Value investor who looks at alternative answers to the mainstream analysis. Most analysts just mimic the valuations that their peers provide. I look for deeper movement within the psyche of the investment community and attempt to stop before they all stampede over the cliff.
  • Is Cramer Wrong Again? 0 comments
    Nov 6, 2009 11:32 AM | about stocks: AONEQ

    Someone was recently criticized on  Seeking Alpha for pointing out a failing by CNBC's Cramer after the fact.  20-20 hindsight and all that.

    Well here was something stated in yesterday's Lightning Round that I think he has missed the point.

    A123 (AONE) is an IPO which has recently been under pressure, dropping from an all time high of 28.20 to 17.61 yesterday.  After a statement by Cramer yesterday, stating that the IPO is played out and to take money off the table, the stock cratered this morning, with his followers making his vision, reality by taking action.

    The stock dropped quickly to a low of 15.90, and as I write this, is slowly recovering back to 17.

    Earnings are to be announced next week - not that in this early stage that the earning should have a drastic effect.

    Remember, on top of the $350 million raised by their stock offering, A123 Systems announced in August that it was awarded a $249 million grant from the U.S. Department of Energy's Electric Drive Vehicle Battery and Component Manufacturing Initiative.

    Hybrid electrics are here for the future, and batteries are currently the best storage for cost.

    I think a valid price for A123 is somewhere between the 15.90 and 28.20 based on it's potential sales.

    Tell me what you think?

    Stocks: AONEQ
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