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  • 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
  • Daybreak Oil and Gas, Inc. Announces Record Initial Production Rate on New Oil Well in Kentucky 
    Great to see such big numbers from these shallow wells. Cost of drilling is low enough that they should still provide positive results even at $45 oil.
    Jan 30, 2015. 08:26 AM | Likes Like
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    What just happened?

    This is the first day in 5 years where I have bought Axion stock that the price was not lower than I paid.

    Seems like an Omen, LOL
    Jan 23, 2015. 04:06 PM | 11 Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas?  [View instapost]
    Well, the last couple of months have been a struggle for all oil companies, and this one is no exception. They went from an operating profit in the 2nd quarter to a small loss in the 3rd. The reduction in interest payments helped reduce the loss somewhat. The good news is that production hit a new record for a single month in December, and the CEO tells me that they'll be OK with $50 oil for now. They issued a PR this week and like most companies will be slowing down the rate of drilling until prices recover a bit.

    I still think the share price is an absolute bargain at this level and have been adding more under a dime.
    Jan 16, 2015. 05:06 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    There is one thing that would do wonders for this stock, and that is for insiders to buy some stock. At these prices a few thousand bucks from each executive and BOD member would do wonders to instill some faith.
    Jan 13, 2015. 11:33 AM | 6 Likes Like |Link to Comment
  • Axion Power Concentrator 386: Jan. 12, 2015  [View instapost]
    Hmmmm. Interesting changes in the BOD recently. Seems to be more proof that DDG is taking the bull by the horns.

    I like to look at risk/reward when making an investment decision. I had been waiting to see what happens as we get closer to cashless conversion, but now I'm not so sure. At .90, it doesn't take a whole lot of money for most legacy holders to average down to say, $5 per share. I don't think there are too many who think this company wouldn't have a market cap of over $35M with the slightest bit of good news.

    Then again, as we know all too well, there are no certainties with this stock. Next 5 weeks should be very interesting.
    Jan 13, 2015. 08:49 AM | 6 Likes Like |Link to Comment
  • Market Update 1/3/15 -- Off To New Highs Or A Pullback.?   [View instapost]
    Hi F&G, I've been following you for some time, and I always enjoy your straight-forward, even-keeled way of looking at the big picture without getting distracted by the noise. Better to look at the long-term outlook rather than try timing the short-term movements. I don't follow the tech sector at all so don't have any feelings about those picks, but certainly agree there is money to be made in the energy sector.
    Jan 4, 2015. 12:19 PM | Likes Like |Link to Comment
  • Linn Energy: When Will The Pain Stop?  [View article]
    @Gene - Maybe you know what you say, maybe you don't. One thing is clear and that is you certainly have a lot of conviction in what you write.

    However, when I see a poster with no bio, very few comments and every single one of them directed against either Linn Energy or Seadrill, I have a hard time taking that poster seriously, especially when a preponderance of Caps are used in said posts.

    You seem very angry at something or someone, and I don't understand why you feel it necessary to apply your rants so vehemently here. If holders of LINE have lost value in their holdings, it is their personal problem, not yours.
    Dec 30, 2014. 04:34 PM | 14 Likes Like |Link to Comment
  • Equity CEFs: Will 2015 Be The Year Of The Rotation?  [View article]
    Thanks for the article, Doug. I've been a buyer of GGN over the last few years. I trust the management and certainly like the return, even if it has been cut a couple times. I trust Gabelli to do what's best for the fund. Still building up in my DRIP'd account. When oil and gold recover and the divvy is raised, I'll be even happier.
    Dec 30, 2014. 09:17 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 385: Dec. 29, 2014  [View instapost]
    DRich> Interesting read. I have been buying even more O and G names on this panic, and I figure it will either be the smartest or the dumbest move I have ever made. After Axion, that is, :-).
    Dec 29, 2014. 03:16 PM | 14 Likes Like |Link to Comment