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Hi and happy trading to you. I'm not here to bash or pump. I'm just here to state the facts. If you did read my post you've notice that I only changed my mind once but, I made it clear that I only changed my mind because looking into BIOF with more time in depth vs reading the sept 7 article of David's increasing his stake was kinda of misleading. David Einhorn "True up agreement" killed BIOF fire. I don't see this stock heading any where near your PT(price target) of the high or mid teen any time soon not even by the end of this QT. As a trader to another trader I have respect for anyone on this board counting you. I really hope your prediction are correct and would really like to congrats you on your earnings. I have a strong feeling you are still in a position and have high hope on this "bounce" but given the facts surround this ticker, it's not looking too good hence ethanol prices are highly based on the prices of corn and cruel oil. The increasing cost of corn to reduce BIOF profit and cruel to maintain growth. Last time I check BIOF it's down 4.29% but anyways trading happing to you and the rest on this board.
BIOF MAY BE A PUMP TO DUMP TO DILUTE SHARES BACK DOWN THIS MONDAY AND THE WEEK.
Good morning to you longs and shorts, just some food for thought on BIOF before our opening bell. Over the early weekend I made a post on BIOF which may draw some hope for the longs but more fuel for the shorts.
Link found here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79841731.
Summary: Slow Death...
To my honest opinion I see BIOF going to trade south a slow decline. Reviewing the whole 5 year since its IPO in 2007, 100day and 200day movement and looking over the SEC filing, BIOF had yet to turn out a positive year. Despite the high demand of ethanol and all random event had little or somewhat change to the pricing of BIOF. For long term investors they want to see small growth over time, not spikes of volume then seeing newer lows over time. From that we can forecast what’s going to happen within months ahead. With that said the only way I see BIOF turning around this week is a sudden merger or some serious stock manipulation. Look at the chart of BIOF in Oct 2010 and Nov 2011 looks similar? Large spike and newer lows? Both shows what has happened before when BIOF had to rebalance its margin numbers and gave shares away to balance them. The result was the same for BIOF the quick spike up and the slow death began. As a full time investor it's wise to cut losses and move on. In my early years of trading two key factors change my ways of trading. #1 "Don't be greedy". If you’re up cash out, wait for the stock to see growth then move back in. There always an opportunity over the horizon with time. #2 "Don't get married to a stock”. Hoping for a turn around is not healthy for a trader. Say a stock XYZ was trading at $10 and falls below $5 bucks a share. The probability of XYZ going back to $10 is small over time.
One key fact that had me realizes that BIOF will continue to pile the shorts and lose long term investor iN the written fact of. David Einhorn "True up agreement" the process of a company rebalancing debt or ensure its "large stock holders" to hold their large position despite their losses in order to rebalance the company's business structure. This is not healthy for the company or the general stock holder as a hole due to less floats of shares we can see more stock manipulation more down the line.
Another increasing blow that will hurt BIOF is the newer, cheaper, more efficient ethanol production from the raw material SUGAR. Comparing the price of corn and sugar on the commodities side, we see corn roaring higher and faster than sugar. By the time corn hits a certain price range BIOF would have less profit to find newer ways to extract ethanol from corn; now making them less competitive, less innovative and less attractive, resulting less growth over all.
KEY SUPPORT.
RUNNING UP
(Based from 9/21/2012 closing price of $7.14) If BIOF breaks above $7.20 see a gap to $7.38, if it breaks $7.50 see $7.72, if breaks $8.02 see ($8.21-8.34)
RUNNING DOWN
(Based from 9/21/2012 closing price of $7.14) If BIOF falls below $7.01 see a dip to $6.80, if it falls below $6.66 see a dip down to $6.09 see it dip down to ($5.67-$5.78)
Like always (Fill in the Blank) trading.
BIOF ANALYSIS FOR BOTH LONGS AND SHORTS.
I would like to take the time to go over what I see with BIOF. Using Fibonacci retracement from a low of $3.09 to a peak of $10.75 here are the key levels of resistance / support to both running up and running down.
RUNNING UP
(Based from 9/21/2012 closing price of $7.14) If BIOF breaks above $7.20 see a gap to $7.38, if it breaks $7.50 see $7.72, if breaks $8.02 see ($8.21-8.34)
RUNNING DOWN
(Based from 9/21/2012 closing price of $7.14) If BIOF falls below $7.01 see a dip to $6.80, if it falls below $6.66 see a dip down to $6.09 see it dip down to ($5.67-$5.78)
http://shortanalytics.com/getshortchart.php?tsymbol=biof
Reviewing the bottom chart on this website shown above it shows that BIOF has decrease “strong hands” and the shorts increased their stake.
Comparison from THURSDAY SEPT 21 VS FRIDAY Sept 22
SEPT THURSDAY 21 2012
In Numbers
41983(SHORT) VS 245947(LONG)
In Percent
14.62% (SHORT) VS 85.48% (LONG)
Sept FRIDAY 22 2012
In Number
140754(SHORT) vs 200918(LONG)
In Percent
41.93% (SHORT) vs 58.17% (LONG)
Comparing Thursday and Friday days we can see the shorts from Thursday increasing their stake in shorts from 14.62% to 41.93% a gain of 286% and comparing the longs we see a loss from 85.48 to 58.17 a loss of 146%.
Giving history from BIOF dating back 5years there’s more red month than green months.
39 RED months VS 25 GREEN MONTHS to be exact, given all the factors in a span of 5years just to be fair. All the pump and dumps, the news, the merges, the demand and less demand for ethanol etc, the probability of this month to be green for the longs will be 40% and 60% being Red.
Now looking at BIOF in a short term investment of 100 days, from 6/12/2012 to 9/22/2012 there’s 30 green days vs. 42 red days not counting the weekends and counting the holiday half days but only trading days. That’s 41.66% Vs. 58.34%. we will see this stock trade sideways lower and lower IMO. What I see here is that his stock has seen so many levels in prices we can’t really see a good price to enter in. That’s why I see this stock going lower and lower volume as this stock falls right after a spike of volume.
IMO I see fridays early spike up was people shorting creating a supporting bid, and preparing for something this coming week. Im expecting no news this week even reducing the volume even more. Typical this stock only trades at a 80-150k volume daily average in a 5 year span counting 300 days span
Here’s the information I gather and from here I’ll let you choose where this stock will dip or run because at the end of the day BIOF as a company can always make money despite the price of the stock. It's us the investors that lose at the end, whether we are shorting or going long.
Like always (Fill in the Blank) trading.
BIOF LARGE DILUTION FOUND. INVESTORS BE ADVISE.
Interesting Friday of trading If I may say, just want to say a few things on BIOF as the weekend ends quickly for some and long for the few. BIOF did have a nice gap this Friday morning and just like I called it there were more shares on the bid than on the ask a ratio of 2.25:1 which oddly enough should of taken the price up, which BIOF did to $7.77 from $7.15. I did some research and despite the potential of this stock to run I have to say theres some major dilution going on with this stock making it not wanting to run. By watching the last 30mins before closing bell i've seen a large sell order and very thin small buy order to have people buy there stock at a bit higher of a price. Oddly enough there was a large 8.7k($62,000 Ish) share sell off before the bell at $7.14 by a firm or one person and another 47.3k($333,000 Ish) share sell off after market sell off most likely by the same person or firm diluting their whole position. I have a feeling Monday might be a sell off frenzy. Someone knows something and it doesn't look good. I recommend BIOF to be a HOLD and SELL. Using the Fibonacci retracing from a low of $3.80 Ish to $10.55 Ish as its peak and basing off our current close of $7.14 just -$0.01 from Thursday close there will be less buying and more selling on Monday morning; hence Monday morning are usually down trending stocks that killed the confidence of traders over a heavy profit taking last 4days .
Here are some key level of support and resistance on Monday morning, $7.40's very strong resistance. On Friday we traded sideways/ flatline 39% of the whole day. Some spikes above $7.50 but I have a feeling there were just people flipping here and there. If we pass $7.55 their will be a large wall built from the prices of $7.55-7.65. From looking at the Friday charts u can see that a large volume of BIOF stock was traded in that price range and quickly dropped. You can see these many people cutting their losses or trying to break even. In a case like that most investors would have sold their position in the $7.40 to $7.50 range due to the lower volume and down treading pattern. As for the support below use $7.01 as a stop loss trigger. On Wednesday the lowest price was roughly $7.02 and a very weak and slow up trend to $7.15. If BIOF falls below $7.01 watch for a dip to $6.52 the last support before $6.05. The problem with trying to see the bottom on BIOF will be hard. Since many people chased this stock from $3.80 their will be a lot of profit taking over that time period.
Here's an article I found very useful for longs to cut losses decide to stay on the side lines.
http://buzz.money.cnn.com/2012/09/17/einhorn-biofuel-energy/
IMO if your still longing the stock please be aware that David Einhorn has filed a "True Up". The problem for investors racing to follow in Einhorn’s footsteps is that the prescient investor didn’t actually choose to buy more shares. Einhorn and Greenlight Capital simply own more because of what is known as a “true-up” agreement. As part of an earlier arrangement, Einhorn received additional shares of BioFuel Energy because the company failed to meet performance objectives. Which isn't a really good sign for BIOF and long term investors. The way I see this is, BIOF rocket up like gas and float back down large. A company that has to balance there records by giving away free shares isn't the right way to go by it. That's like inflating the U.S Dollar without good substance to back it up. Making BIOF stocks less in value over time. To speak about the GERS rumor, I dont buy it one bit, it would be too costly and would not show a large return overtime to its new system to ethanol. I personally like to go by facts vs rumors because rumors will make you a ton of money if your right or lose you a ton of money if your wrong. I rather stay on the sidelines not losing money than losing money when I wake up to bad news. As a full time investor, protecting your asset is number 1 vs lost it. I'll leave it to that with my honest and humble option on BIOF.
Like always (Fill in the blank) Trading...
BIOF 6.29% UP Pre-market. Wisdom Inside...
Good morning to all and happy Saturday to most. Just want to share my thoughts on BIOF before the bell opens. As of 8:05am EST. BIOF is 3.29% pre market up with 14.35/16.5k shares brought. Showing that we will have a interesting day of trading. IMO expect BIOF to slowly creep back up with less shares on the ask but more shares wanted on the bid. Suggesting more people are holding while the rest are wanting. Despite all the bashing in this stock; I want to bring this board to realistic terms. The demand for "Ethanol" BIOF main product is now in demand and now in play that winter has officially started. However, BIOF is not a perfect stock and needs more focus long term goals. In addition I want to address the bashing because with most message board I read are either people shorting or people that lost money chasing a over brought stock without thinking about the fundamentals but, like I said on my last post with the change of heart, regardless of our large dip for the past 3 days I want to express BIOF is a good buy at these low prices.
Keep in mind that BIOF is still trading below its 52 week high but has a medium high room for a run. A few key fact about the hedge fund manager "David Einhorn". He finished in 3rd place in the 2012 World Poker winning $4.35 million USD. Adding on to that he donated $1 million to charity finishing at such a high place with well over 25,428 people register isn't just a draw of a hat. Taking into consideration that a small amount of this number of professional players its hard to even place in the top 100 yet alone top 3. I know that poker has nothing to do with this stock but I want to share that the process of critical thinking does. Increasing his current stake of BIOF was a good move. B/c over time ethanol will increase over time and will be in more demand as more cities are built. In poker terms the river card is an "ACE" and he already has 3 of them... Enjoy the day!
Btw by the time I finished this post BIOF is up 6.29% and interesting enough Cruel oil is up 2.15%
Like always happy trading.
PUMP AND DUMP TO REPUMP TO HIGHER HIGHS
What a interesting day of trading, and want to share my thoughts on BIOF as honest and clear minded as possible. Early morning I stated to sell your position due to the cost of cruel oil and was falling and would reduce the demand for "ethanol" over time. Now cruel oil closed green today and many investment firms are placing cruel oil to a hold and buy. This means cruel oil will slowly rise over time and won't reduce the demand for ethanol as all sorts of energy are intertwine with each other. Interesting notes to keep in mind is the future for oil, corn, and all agriculture are up. This means ethanol will increase in demand and have BIOF go back up. With more information to speak about BIOF, IMO is a strong buy now.
According to bartchart; on Tuesday it was on a 57% buying signal, Wednesday 62% buying signal as of now Thursday its at 72% buying signal. I expect BIOF to slowly regain its value this week and next 2 months. During the whole day we only traded 666.45k in volume showing that many people are still on the sideline watching this stock to stabilize before going in. The previous day we traded with a volume of 1.3m but comparing both days today there was more people on the bid buying up cheap shares and many more people holding expecting BIOF to bounce.
I see this bounce happing tomorrow. The bounce won't be that large but gradually as we enter winter season. In most states in America we can see the demand for not only ethanol for heating but see the rise in natural gases going up due to demand. Winter is consider the months of September/October/November and we are about to reach our coldness months in October and middle of November. It's not only in America but all of the northern sphere of the global. With also heating demand going up we can also see cooling demands going up in all of the southern sphere of the global since its technically summer time. Keep in mind that BIOF sells ethanol to "3rd party distributors" meaning the main focus of BIOF is the production of ethanol than selling it for full market price. Which makes BIOF a really good buy at these low prices. I understand that BIOF doesn't have the perfect charts with up and down and not being stable but I didn't account for the main fact that BIOF is a seasonal stock. Look at the charts for months of sep/oct/nov of years before you always see a higher demand vs any other season. With that in mind I say trade the stock till the end of Nov and call it a day. I have a feeling this stock will gap tomorrow as many more investors are more confident that the bleeding has halted and the buying has began.
Like always happy trading.
PUMP AND DUMP.GET OUT WHILE U STILL CAN.
PUMP and DUMP. SHORT THIS STOCK.
It's hard to see many people lose money on a stock that was obviously a pump and dump. Lets look at the facts and see why this stock will only continue to go down. But before we start BIOF flagship product is selling ethanol to 3rd party distributors. BIOF long and short term investment hasnt been stable for the last 5years, lower highs and lower lows to phrase it. I'm going to sum up everything this stock has faced in just the past few days before this tank started to tank down hill. On sep 7 2012, Hedge-fund manager David Einhorn disclosed a bigger stake in BioFuel Energy (BIOF) last night. The stock is responding with a 60% leap. From roughly a $2.89 open to a $4.70 Ish close. Not bad for a stock that missed expectations for the last 2 quarters. From 168m to 138m march 2012 then from 138m to 122m June 2012. A 27.45% drop in revenue in expectation of corn to go higher in cost reducing BIOF main product ethanol to be less of profitable. On a side note, David Einhorn reputation isn't really the best... He's been losing more money then gaining it just by looking at his track record. Despite there was a $3 to $10.50 Ish run. The following next day one group sold roughly 650k shares worth 6.45m by market opening bell. Oddly enough an increase if shorts started adding up 45mins before the pervious closing bell. Now BIOF has seen a 2 day drop and last traded at $7.68 with a large sell off before the bell. IMO I see this stock going down all the way to regular levels $5.15 Ish. I hope this gets to people on time before the opening bell. I'll keep this board updated as I can with more details.
Support at $7.52, if it falls below that see a dip to $7.30, if that falls see $6.45, if that falls see $5.92, then last support at $5.15 from there idk.... Btw we are -3.5% Pre market already as of 8:45am
Like always happy trading...
TOO ALL INVESTORS, NEWS...
Is coming soon, Just want to share some honest wisdom on AONE before Monday's correction. Despite our 2 day decline from $0.4129 on Thursday Gap from $0.38 a ($0.0329 gap up) and the previous Gap from the close of $0.33 on Wednesday to $0.3433 a ($0.0133 gap up) a total of $0.045 cents roughly in gap ups leaving AONE true on its gains closing at $0.31-$0.32 from $0.365. In addition to all the panic causing a mass selloff to allow a small group of people to cover at a lower price to cut losses was done. In my last post I stated that this stock only doesn’t want to fall below $0.31 and a lot of investors were taking all the $0.3101 bids and $0.3120 a total of 635k shares roughly last 90seconds of last Friday probably getting ready for news this coming week.
Interesting enough I seen a pattern of the highest volume of AONE is always done in the first 5mins but the buying has always overwhelm the selling and we see higher numbers. In matter of fact this even started early has Monday's close but failed, Tuesday open but fail, Wednesday open but fail, and Thursday after buying enough shares just to dump on Thursday but failed and we stabilized growth 38% of Thursday from $0.3950 to $0.3850 where shares again were collected for a massive sell off to induce a panic at $0.3801 and repeating collecting enough shares to dump. Keep in mind that not all stocks see a (50% gain from its bottom in 2days without no news or any penny stock promotion. Which AONE did from $0.19 to $0.31 a (61.29% gain) so the best position for a person to profit off a gain is to now short... but resulted in a more buying frenzy after wall after wall build getting all taken up killed that plan. Now having to go to plan B...
IMO 1 month has past and AONE has yet to show us all the potential offers or future partnership it has shown interest on and just had a few weeks to show its product to motor companies. In reality it takes time for a new invention to be showcased for viewing to investors and companies. Takes time to fly over a physical product, takes time to make an animation and all the power points, and lastly the person to give the presentation in that country. Think about the time spent when you were in high school or in college when you had to make a small 5-10min presentation to the class, yet alone more corporate presentation last 30-1hr+ to finish not counting the time to finalize paper work. AONE isn't like Apple’s iPhone, AONE new patent hasn’t reach the mass of audience to have a NEW CHANGE in its field. Within time as the barrel of oil passes $105 to $110 to $115 a barrel then the masses will see alternatives. Investing in a company that took a large dip from its IPO and just only the pass 2 trading days doesn’t mean AONE is done. It just means that the timing was wrong and there’s a time and place for everything. I’ll leave here on a good note and just HOLD on TIGHT...
Like always Happy Trading.
TO ALL INVESTORS THIS STOCK WILL...
Go up this coming week.
What a interesting day for AONE. Lets get right to the analysis. Although we closed red for the second day in row I'm please to say that that AONE is still in play, the last 15mins showed there were more people on the bid taking all the cheap shares vs buying on the ask. Comparing the last 10mins in the past 4 trading days people were buying more on the ask while the BID had a weak wall of less then 35k shares each ticker down. A strong wall at $0.31 of 215k shares looks like this stock has large bag holder not ready to let this stock go below even $0.30. After hours we are already trading at $0.3120 and the Bid of $0.31 is just taking all the cheap shares. I expect this stock to gap on Monday morning to $0.3325 and close green for the day. All the weak hands that sold there shares was a victory for Market Markers to get the cheapest price of AONE while holding their current entry above $0.31 that will allow this stock to run smooth and stable. Look at the past 2 red days the stock doesnt want to go below $0.30 and we did go to $0.2975 but only 16k shares were traded. It was smart for bag holders to dump at the morning high of $0.35 a gap of $0.02 cent from the pervious day. Will see this stock gap much higher in expectation. This weekend AONE will decide what news to tell us and we'll move from there.
Let's look at what happen in the market so far that will affect AONE price over the weekend and prepare for a good run for next week. For the first time in since this past May cruel oil reach over $100 dollar a barrel and expect oil to go way higher with rebels in Egypt setting fear upon the U.S. On a side note we expect more people in the United States and all developed countries to convert to a more efficient car, either a hybrid or a fully powered car. Where companies are now looking for the cheapest way to stay competitive. AONE has something up it's sleeve and news may come this coming week on either a buyout of their new patent or a partnership with a motor company. In addition we just received the numbers of QE3 (Quantitative Easing 3) from Ben Bernanke chairman of the Federal bank that the U.S government will spend $40 billion USD a month a to increase the money supply by buying government securities or other securities from the market. Quantitative easing increases the money supply by flooding financial institutions with capital, in an effort to promote increased lending and liquidity. In short allow businesses to invest more money into the economy. An interesting fact to share was the day before this announcement the Down Jones closed at an increasing number $13,333.37. Showing this rally before the election will beneficial to all stocks big or small. Enjoy the rest of your weekend stress free and see news this coming week.
Like always happy trading :) btw after hours were at $0.3185 now. Hehe
NOTE TO ALL INVESTORS
I would like to put my analysis on this stock and try to be as humble and honest as possible to help investors decide to take early profits or to cut future losses. Without even reading any news or any form of information other than today's chart 1min formatted and a daily 100day chart seem like a good pick. Today's chart looks promising open at $1.00 a share and rose up to $1.96 a share. That's a 96% move on an AMEX stock not a Pink Sheet or OBT pump and dump. However as I read about today's 7 million share offer of $1.00 a share and a spiked to 1.96 and oddly enough a lot of short orders where placed in the $1.58 to $1.80 range by looking at the volume in those prices it's really sicken me to see investors with hard earned money lose large capital playing a lose lose situation. Wouldn't you think why stop at $1.96 why not $2.45 at least on its average price from 9months back. Yes I do agree the stock has strong buyers and won't allow the price to drop even below $1.00 but look at the chart. The last 3.5months this stock has been trading below the $0.90 cent and the average price in those 3.5month is technically $0.93 a share not counting the large dip to its $0.50 range. We as investors have to ask ourself what was the sudden drop for? Nothing major happen to the company and for crying sake, this is a Stem Cell developmental company that actually save lives no stock would drop 60% of its value in just 2days this is a health company not a tech one. IMO theirs a group of insiders shorting this stock to its grave. I would not want to touch this stock until we hear solid news on what the $7 million was reinvested on. Look at the charts CUR struggle to hold its price and was free falling the last 125mins from its high and only stop bleeding until the closing bell. The next 5mins of after hours got interesting. A large order of 100's shares were being placed at $1.35 ending at $1.38 (these are shorts being placed) moments later at 4:53pm EST massive sell offs blocks of 10k's and 22k's shares a total of 73k shares were being dumped now CUR last trade is $1.25. IMO this stock was extremely over brought and will gap down before the bell to around $1.11-1.15. Probably closing @ $1.03 before the weekend. Just be aware if the stock drops below $1.00 see a sharp sell off to the high 80's. Other than that I would like to leave on a good note; tomorrow is Friday and the weekend is coming. Time to have some fun and start over again on Monday. :)
Happy trading to all.
TO ALL INVESTORS/CHASHERS/MMs
As we all know today wasn't a good day for us all so let’s take a step back and look at what happened. We gaped up again from the previous day from $0.37 to the $0.4096 on opening bell. The first 30 seconds 1.59 million shares were traded 860k/1.59 million were brought roughly that’s 500k shares more than the previous day. 30 seconds later a large dump of 425k were dumped by 1 person on the ask and just drop the price back down to $0.37 not counting the reaction people did after the price dropped to below $0.4001. From the first dip of $0.37 back up to $0.405 a wall of 225k shares at $0.4175 kept the stock from breaking $0.42 stabilizing the price of AONE to trade sideways of $0.3829-$0.3985 38% of the whole day. This is important to take note of; this stock alone can hold $0.3829-$0.3985 without stock manipulation. By the time the stock hit $0.3801 a BID of 325k was set at $0.3525. Someone was covering to break even or to reduce losses. 5mins has gone by and another 675k dump by 1 person and at the BID 425k shares was covered at $0.3045. We did reach a low of $0.2975 of in total only 16k shares were sold in that price before $0.3025. The last run of this stock went up to $0.3543 with no walls in 24mins. That’s a 15% move from 30 to 35 in 24mins.
The rest of the day we again traded sideways due to more walls created to try to get a higher price or to cut losses. I see this drop as a healthy pullback and nothing to be scared of. IMO I rather have a pullback at a lower price than at a higher price. People covering at a higher price would need someone to really dump at least 2x of the first dump so at 850k shares dropping it even to a higher negative red zone.
My though of this stock is nothing has changed about this company other than its stock price. AONE new patent of High-Performance Lithium Ion Battery Technology is highly innovative and extremely in demand in a world that depends a lot on cruel oil. We are moving into a more ecofriendly environment and a more self-conscious world of how money is spent. Not to have big dreams or high expectations but, think of just one car company adopting this new technology into one car model of theirs, we can easily see this stock jump from $0.39 to $1.05 by the end of the day… again keeping in mind that this stock is traded on the NASDAQ not the Pink sheets or OBT. AONE has the money, ideas, and intelligent people to run this AONE back to dollars. With standard MPG (Miles per Gallon) from the government pressuring car companies to have higher MPG there’s no other path to go than to go semi or fully power battery to stay competitive or even in business. I’ll leave this on a good note and see this stock go back to normal with upcoming news from AONE and people that are covering have no choice but to see negative accounts... HOLD on TIGHT and don’t let dumps scare you.
Happy Trading to all and btw were at $0.3390 after hour. =)
BOOM! THE LAST 1HR RUN. LOAD UP NOW... $0.395 will close today
Reviewing the last 1hr or so, there has been less covering and more buying. IMO I see this stock closing at $0.395. We will have a gap up for Friday $0.40 and retest breaking $0.41. For those that panic and sold shares too early and now have to chase this stock at a higher price now is the time to buy. Look at the last 4 days of trading alone. The same pattern has occurred. Tue from 27-29, Wen 35-38, Thur from 36-39.5 all in the last 10mins. There are less bag holder during the large panic and now we have more room to run with less walls to break. Be realistic of expectations and we'll go far.
Happy trading to all.
RUNNING BACK UP. THE BLEEDING HAS STOPPED
Now back at the office there was large stock mapitulation before the $0.38 drop to $0.30 there was an interesting 615k share cover at $0.3125 all in 45seconds. Looks like an someone isnt in the red no more and we can see this stock bounce right back up to normal prices and it's $0.38-0.45
Happy trading everyone!
NOTE TO INVESTORS
I would like to time to make a quick post on my chart analysis to relieve some of the current holding investors and ones that aren't ready to decide to get back in yet. Base off the after hours gap to $0.41. There was a lot of profit taking involved dropping it to a low of $0.3707. Now it's last panic sell started from $0.38 now $0.31. We will see this stock bounce back up to $0.43 getting ready for the up coming news. HOLD on TIGHT.
Happy trading.
IMPORTANT NOTE TO INVESTORS AND CHASERS AND MMs
I would like to thank all the positive private and public mails; I try to keep my expectations realistic and humble base of past and current charting patterns. Here are some interesting ideas to throw out there for anyone that has cashed out or has not decided when to enter or not.
(1) This stock is and currently being traded on the NASDAQ. Meaning AONE had to meet a requirement in order to be traded on such a prestigious platform. (LIST OF WAY TO GET ON THE NASDAQ)
(A) Must have a cash flow of $11 million in the pass 3years after pre-taxes.
(B) Have at least $27m in cash from SALES in the past 3-5years.
(C) Have a total asset of $850 million.
With that said this company has the potential to get out of the penny zone to dollars with time and proper news from the company.
(2) This stock has NO record of any paid pump and dump promotion as of 9/12/2012 11:05PM PST according to pumpsanddumps.com.
With that said the stock is moving on its own beat of the drums, we won’t have the typical 6-9 Market makers building up walls in order to allow their friends to cover at a lower price to reduce lost or gain profit. IMO I only saw 4 wall builder on Monday, 3 on Tuesday and Wednesday and 2 today (Thursday). This stock won’t have any more people covering due to the large red account they are now looking at and won’t see even a low of $0.34 anytime soon.
(3) A123 Systems, Inc. (Nasdaq: AONE) develops and manufactures advanced Nanophosphate.
Meaning there is no middleman involved reducing headroom/marginal cost to the company, allowing AONE to reinvest more money into the company with each every QT. New technology to allow batteries to last longer… Hello… we are moving into a mobilization word. Can I see this technology in cell phone? Which 1 of every 6 people has…
(4)When should I buy in?
IMO I know that feeling most investors have when buying any stock, we wait for it to go lower but most of the time we chase a stock knowing that we could have got in 1-3 cents cheaper if we just took out the greed factor and just invest in a company that knows what they’re doing, have good management, a source of revenue, and a product that’s one of a kind. AONE checks all cases. Understanding the past does not reflect it current price but, keep in mind there’s always a second chance and this is it.
(5) What happen after the bell?
From today we closed @ $0.3599. 15-45mins later @ $0.3710 2hrs later we are now @ $0.38 that’s a 6% roughly after hours. Ask yourself have you ever seen a stock that traded in the penny zone where people still want to buy in even after the bell? Exactly... don’t be that person. 6% can be $60 dollars or even $600 dollars long term profit by just holding... Let your money work for you not the other way around.
(6) What's going to happen tomorrow?
IMO Gap up to $0.3820>running up slowly to 39 than rush of bids to break the wall of $0.40> by mid-day we slowly get the typical sell panic when it drops reaches $0.4001> drops to $0.3945 > then slowly closes at 41-42.HOWEVER following the pattern of this stock four days in a row this stock will gap larger after hours to maybe 45 in set for the upcoming news AONE has to show to its investors.
(7) My expectations of this stock…
I know many people here on this board are speaking about a buyout of $20 or more within a few years but to be realistic and honest, this stock took a large drop in less than 3years or even worst 3 weeks after its IPO. This company has yet to prove itself to investor and its relations with other company partners that it’s ready to be at $5 dollars a share or $55 a share. AONE has “Economic Moat” and ill let it be as that…
Like always Happing trading and cya in the 40’s
TO ALL INVESTORS AND CHASERS. $0.43 is
Tomorrows HOD.
Reviewing again the last 10mins there was a total of 2.7m shares traded 1.975/2.7m shares were brought. Closing nice for the day @ $0.3599. That's roughly 1.405m more than yesterday. Someone is really chasing or loading up for the up coming NEWS the company is yet to show us. IMO I have a feeling this stock has yet to show us a larger gap for tomorrow I'm expecting this stock to gap up to $0.38 and following the same pattern from today and yesterday this stock will close easily above $0.4050 and have a HOD again of $0.41~$0.43. There was only 2 panic sell off vs yesterday's 5. Let's close GREEN tommorow and have a good weekend for our Monday run to the our $0.50's.
Happy trading to all and HOLD on TIGHT. :)
TO ALL INVESTORS EOD PRICE LOOKING AT $0.4135
Reviewing yesterday 15min pattern there was a large sell off and we traded side ways 27.4% of the whole day, many large dips and bounces while todays pattern seem different IMO. Not really much of a sell off and a $215k order was placed at $0.3435. There will be more investors pouring more money later on in the day. Expect some mini sell offs to scare some current investors off but HOLD on TIGHT. There are penny chasers chasing in this stock. Keep in mind that this stock is on the NASDAQ. Meaning there is this stock was being trading to their standards of $2.00 a share. With this new Patent they just made, IMO they already have a list of companies wanting to get there hands on it reduce cost on there end while gaining and less headroom cost. So its a matter of time with the pps goes up and news will be release.
Like always happy trading and cya in the 40's
TO ALL INVESTORS. THIS STOCK WILL GAP $0.33~$0.37
Reviewing the last 10mins before the bell a volume of 1.3m shares were traded about 2.8% of today total volume. The last 120seconds roughly 725,000 /1.3m shares were purchase closing the price at $0.29 a 27.11~27.77% gain for the day depending on what firm you trade on. The next 15~30mins after hours an interesting 435k/550k were brought closing at a high of $0.3090 with the bid at $0.3060 and the ask at $0.3099. Someone is loading up for the big run this stock will have with its new patent. IMO this stock will gap large around $0.33~$0.37. Will have another 25~45% run due to more Investors learning about this stock and the many people that will chase this stock selling too early. Expect this stock to close at an HOD of $0.41~0.53.
Enjoy your night and see ya in the high 40's IMO.