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alsobirdman

alsobirdman
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  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    What was the VWAP yesterday? I looked all over on Nasdaq and can't find it.
    Feb 25, 2015. 07:16 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    Bazoo,, he still has some, but I've never asked how much. It's my biggest shoulda, woulda, coulda story. Other than Axion, that is.
    Feb 25, 2015. 07:04 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    LOL, I have to tell my AAPL story. I may have told it here long ago. Back around 1984 my brother called me and told me to buy all the Apple stock I could. He said to beg, borrow and steal all the money I could scrape together and buy it. I did not take his advice. Was trading around 85 cents at the time. He bought 10K shares for 8500 bucks. Considering that each share in 1984 would be 28 shares now after the forward splits, those 280,000 shares are worth a whole lot of money now.

    Just like Axion will be 20 years from now!
    Feb 24, 2015. 01:19 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    RA, Etrade let me enter that order.
    Feb 24, 2015. 11:20 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    "Buyers are coming from somewhere. Why?"

    Same thing I'm wondering, RA. It's what makes me think it's artificial volume.
    Feb 23, 2015. 06:00 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    I hate to say it but you may be right, NGS. The market was ascribing ~$3M mkt cap before, and now that we'll have at least 30M shares outstanding your 10 cents will get us back to that.

    EDIT - And, I will seriously consider being a big buyer at that price point. I do still believe in the tech and I don't believe the company will go under or sell itself. But I am also a realist and realize that we do need some significant news or sales in order to secure on-going financing without resorting to Maxim again.
    Feb 23, 2015. 05:30 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    So today does move into the top 5, or should I say lowest 5, VWAP days used for calculation. Not a big difference but I assume there will be plenty more lower VWAP days coming.
    Feb 23, 2015. 05:28 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    I was under the impression that it would be a couple days before B converted shares would be available to sell. I guess I was wrong on that? So we can assume that most of the volume today was B shares. Also can probably assume that today will become one of the 5 lowest VWAP days, therefore increasing the conversion ratio. Not by much but still an increase. I guess it's positive that we stayed above .30.
    Feb 23, 2015. 04:07 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 390: Feb. 22, 2015 [View instapost]
    I'm very puzzled by this volume. Doesn't it seem like there should be a rise in price to go along, unless of course it is just someone trying to keep the volume up, presumably to allow B converters to sell more shares?

    If that is not the case and there is really this much interest in the stock, wouldn't it make sense to wait until Thursday since it seems highly likely the price will drop?

    If the volume is in fact artificial, then it would allow a B holder to "legally" sell over 125,000 on a day like today. Sounds like a lot but it's really only 10,000 B conversions.

    Just seems odd. What do you expert traders think?
    Feb 23, 2015. 02:52 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 389: Feb. 12, 2015 [View instapost]
    I think I am with Patrick on this. No other explanation for the volume. Looks to me like someone was just churning the shares to spike the volume. Notice no meaningful increase in price. Look at a couple weeks ago when we had the PEV news, had a double in the price with much less volume. If this was meaningful buying the price would have gone much higher.

    My guess is that most B holders will convert quickly and sell right away in order to maximize profit. And really, does anyone think there will be control over selling 12.5% each day? Who's going to check. It will be a free-for-all come Thursday. I can easily see 25 cents or less. Actually might be a good time to add shares if you are a believer. I actually will consider buying 100K shares if we hit 10 cents. I do think the company will at some point be successful.

    Looks like if you believe the story and think Axion can turn this around, the best strategy is to wait and convert later, when you may get 20 or more shares for each warrant. As long as we haven't reached the 100M share max, that is. Assume you can sell them for 15 cents or so you may end up breaking even on the offering.

    Let's hope there are buyers after the conversion. At this point I'm not sure they will be lining up. Of course, could be that once people know how bad the dilution is, we could see those who sold over the last couple months rushing back in. It's a guessing game now.

    I look at one of my O and G holdings, Linn Energy. People sold off until they cut the dividend, then once the uncertainty
    was gone, the buyers rushed back in.
    Feb 20, 2015. 09:39 PM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 389: Feb. 12, 2015 [View instapost]
    Yes Ranma, I was thinking that as well. Get the price down to increase the B conversion ratio, then run it up to increase the profit after conversion. Nice work if you can get it.
    Feb 19, 2015. 04:22 PM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 389: Feb. 12, 2015 [View instapost]
    Bravo, Edmund. I had my finger on the trigger for 10K @ .33 this AM and passed based upon what could happen in a couple weeks. This was fun to watch, though. Be interesting to see if we have any follow-though tomorrow. Was this just momentum traders leading it higher? Somebody knows something? This has to be one of the highest volume days post-split, is it not?
    Feb 19, 2015. 04:10 PM | 2 Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    Not to make light of your post, but I bought a bunch a few years back at 2.5 cents so we are not yet at an all-time low. Small little companies like this really do not follow the price of oil like bigger, well-established companies. I am not concerned for the long-term, although I certainly wqould like to see some recovery here. We do need to see the price recover a bit so the company can continue executing its drilling plans. For now, I'm all for them just waiting and conserving cash. I do plan on calling Jim in the next few days and see how things are going.

    As for the dropping price, everyone has a reason for selling, and many people are impaitent and sell when they see nothing happening. I won't be selling until we get many more wells drilled in KY and more drilled in CA. I want to see what they find in Glide-Kendall and Sherman prospects.

    I think we'll be OK. Won't be in the next 6 months, IMO.
    Feb 13, 2015. 02:31 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 388: Jan. 31, 2015 [View instapost]
    I never have subscribed to the various conspiracy theories put forth here. I also don't profess to be an expert in the markets. I have however spent a lot of time like everyone else trying to figure out what to do here.

    Here are some of my random thoughts as we get closer to B-day;

    I do find it odd seeing the very large number of 100-share blocks traded since the up-list. I'm not sure if that would benefit someone trying to depress or increase the price in the future by having all of those blocks.

    As I mentioned, I was a buyer under 40 cents, for several reasons. There is a chance, however remote, that some news can either prevent or mitigate the negative effects of cashless conversion. I do firmly believe that one day we will again have a market cap of $100M, and worst-case those shares will be worth a buck.

    As for B warrant holders, some most likely sold their common and A warrants and my guess is many have a stranded cost per B warrant of perhaps a buck, maybe less. They probably don't care too much about driving the price lower after they convert, although they certainly want to recoup their stranded cost and make some profit. I doubt they want to see less than 25 cents or so.

    There are also many B holders that did not sell the common or A warrants. They are way under water at this point for the offering units. They have little incentive to drive the price down after conversion. Let's say they get 7 shares per B warrant. Selling them at under 50 cents does get them whole as far as the unit cost is concerned but does not provide much, if any, profit. They certainly would not want the price to drop below 40 cents, as that would not get them whole again.

    So I do think somewhere around 40 cents could be a floor after conversion. Of course, I have been wrong on every single thought I have had regarding Axion since day 1.

    However, I am still as bullish as ever on the company, but also have never seen a stock that acts as oddly as this one.

    The next month will certainly be interesting.
    Feb 5, 2015. 10:16 AM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 387: Jan. 25, 2015 [View instapost]
    OK, I did my part to buy more cheapies. If enough people do the same we can get this thing over a buck. No doubt there will be other news coming in the near term that will really get things going.
    Jan 30, 2015. 10:16 AM | 11 Likes Like |Link to Comment
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425 Comments
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