Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have both COIN and COINU right now.
I can't help but wonder if they have more good news in the pipeline, and wanted to get the dilution behind them and out of the way?
This board looks dead today.
LOL. Can you say WALMART!!!!
I Jumped in with in minutes of the news hitting I thought, but was too late, the early spike lasted less than 15-30 minutes as far as I could tell. I still had my COINU which also rallied nicely. I day traded the COIN a bit today (something new for me) out of need, and managed to get lucky and average down my over paid for COIN shares from the news spike to a break even at close. I don't think this one is done for now. I think it has room to move up now, after todays news about Walmart becoming a customer. That should give the stock some great visability, and there is lots of room left back up on the up side, and a solid bottom from the prior 2-3 months. I am a buy again at anything under .79-.80 now.
It made a nice turn up from .79 in the last hour(s). I don't think it is done!
Sorry but the BOAT is already overloaded. Ordered a pump to help bail water, so I don't sink with the stock, LOL. I should have sold Wed last week, or pre market today, but last 3 times I bailed early I missed the big moves. Can't win for loosing lately. This about the 6th out the 7th time this year I have gotten stung by this BS financing dilution crap. The 2 times I sold expecting this crap, I was right, they diluted, and the stock kept going up! makes no sense sometimes. AXPW sold 2 times their OS for 1/3 of the then retail, and the stock is still, 2 weeks later, selling for 3 times the dilution price. Makes no damn sense.
Anyway, I will sit and wait, and read all the crap they posted to the SEC tonight, and re think this one. May stay for the long haul, don't know yet.
All I know is they drowned us in a flood of data today that will take some real time to digest. I have never seen so many SEC filings all at once (5 or 6 at my last count, forms I have never seen before), with various bits and pieces of stock and financial changes scattered over what looks like 100 plus pages on just one of them. They could hide a heard of Elephants in all that crap.
I am still holding, as I got in too late. Was afraid to buy more at .29 when I woke up earlier.
I am showing:
Bid 0.3086
Ask 0.3095
at Fidelity.com, using active trader pro.
It is trading at, to right under the .315/share fib number, IIRC. Be nice if it can take and hold that area this week. Volume has dried up, so the sellers, and stops are gone for now down to at least .26, the earlier low today. I just hope this is not re-distribution of the shares bought down under earlier today.
It's going to take me all night just to read through all the financials crap they posted at SEC this morning.
I hate back sided dilution deal news like this. Especially when it is so unexpected. Makes no sense, unless they intentially wanted to limit the upside potential today?
We are getting a little bit of buying volume returning now.
I don't know. With the stocks poor price action today, and share volume, and all the news on new financing today (share dilution and potential share dilution) I am starting to really doubt the short term (days, weeks, and even several months) upside potential here. Unless this was rigged somehow?
None of my biotechs are doing well today, all down. Even NVS is down on major buying news. It must be sell biotechs day!
This is a shockingly quite board here, makes me wonder if this is not a more than I thought previously over looked stock?
GM, I am one of your current fans, and appreciate the hard work you do trying to keep newbies from getting fleeced, so don't miss understand this post. I have not looked at the Biocentric board here in quite some time, and decided to browse the last 10 messages there today (probably out of morbid curiosity, but also because I had read today that biodiesel is about to die in bankruptcy like ethanol did, due to a loss of $1/gallon government aid.....) when I came across this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45037132
No doubt you have seen it, or would have seen it soon. I am just curious of course as to your side of the story regarding that post.
While the market may drop soon (may have started last 20 minutes at the close yesterday???) and suck COIN down with it, I have taken notice that Coin is up about 20% from its recent 52 week low (but is still selling for 1/2 of the recent price used to raise huge amounts of equity cash), and the CEO has posted several SEC reports the past week showing steady buying by him of COIN common stock for his personal IRA since the recent low, and the last buys he made were at about .69/share, which is above yesterdays close! So if the market drops, and Coin follows, it might be time to get dry powder ready for this puppy, as it looks (chart wise) ready to move. Only question left in my mind is will the markets pull back and wait for early earnings in late January to set the direction for the markets next 3 months once the earnings direction looks clear?
The COINU units, while having very low liquiity, bounced up nicely yesterday too. Disclosure, I am still long on the COINU I bought at about $1.13, and I nearly bought COIN at .56, but hesitated too long.
I see two things of interest in that news, other than the most obvious. One is the conversion price of 10.212, which at first looks bearish. Second is that they got rid of $37,537,500 of debt, with only 4,582,559 shares of common stock. Somewhat bullish in that it sets a floor price under the stock, and gets rid of that much debt, and ongoing interest expense, thus raising the net equity, but bearish in that the conversion looks like about a $8.50/share issue dilution. I say about $8.50/share because their math does not add up in that news piece to the stated 10.212/share stated.
I suspect some of those shares will get sold immediately which is short term bearish.
Hmmm, seems I suggested earlier last month that this sort of thing would start happening soon with APWR.
Nice write up there. Thanks.
Great chart! Thanks.
What major run on Monday?
I guess everyone overlooked the $1 million dollar high power china auto company order for bus battery news recently?
RXII made a huge multi day rally from about $1.5 to about the $4.5 area last 2-3 weeks too. Up 200%, but it was over $10/share this summer, IIRC, until CYTR sold off a big chunk of RXII to raise cash. I can't help but wonder if some of this is year end window dressing, but that can't be all there is too it. Way too much volume. I do wonder if some new shares are hiding in the mix, from converted prefereds?
Reminds me of HGSI too, went from .50 to $32 IIRC. Still trading at over $30 yesterday. The volume on this is incredulous. Did HGSI have this kind of volume?
So your one of those that took my money while I was planning to take yours, when I bought $15 puts 4-6 weeks ago. LOL.
Bounced up off of .35 three times today!
Anyone have a clue where the bottom, current real support is now?
Looks like we will break yesterdays volume record at this rate.
Yep, cheap advertising for sure. But nice paint job don't you think? LOL. Maybe we will get lucky and they will paint it to $1 next, LOL.
Yep, your right, about Nov 28th, if I am reading the chart right, it bottomed at .09/share.
Just looking at the chart, I suspect .30 is as low as it will go for quite some time now. It could easily move up to .80's range tomorrow with no news from what I see, unless the markets take a huge nose dive tomorrow, which I don't expect until after New Years at the soonest.
I have decided to watch the open in the am rather than buy near the aftermarket close, and I will probably make a decent sized buy near the open on any pull back. If it spikes to $1 at the open, I may need to think it over twice, LOL. I won't be the least bit surprised to see this puppy hit $3 before the end of the week from what I see already, but I have not done any real DD myself, so this is not a rec to buy from me! Just looks like a great short term play for a huge over shoot on the surface. I have played the biotechs for a while, and this one sure looks like it is ripe for a runaway, just based on the huge volume. Hard to believe this was a .09 stock 5 days ago!
Year end window dressing may be helping too.
I know nothing about this stock (except that it is much like many other small biotechs, loosing huge amounts of money on R&D for years), or what is going on here today, except that the share volume is off the charts, and the stock is already way up with all that volume. Last couple of times I saw this kind of action on a non-major biotech it kept climbing, one went to $20, others up only 300 to 400%, but the up side on this one looks huge still, at .40, based on the volume, and markets in general. If I had to guess, I would figure there was serious institutional buying hiding in this move today. Only question is why, is distribution dumping shares, or getting it ready to sell new shares, and needs the price up first, and or is there real news leaked out that others have moved on, or is just people hungry to buy a biotech winner who's chart just spiked the right way at the right time. I am real tempted to buy some for a short term trade here just on the technicals and huge upside potential.
What is the real story going on here?
You are joking right? Have you looked at the one day volume today? The near zero volume most of the day, with a one time volume spike at the end to print a 137% advance, on almost no shares? Give me break people. Someone is desperate to attract some buyers, IMHO.
Do you have any real test data comparing others to Axion to support your case?
Axion does not need to tout nano at this time. They already proved themselves to players like the US DOE and Exide, a 1 billon dollar a year battery company that has signed a 4 year battery deal with Axion already. US DOE has dropped something like 6 DOE grants on them, 4 this year alone, IIRC.
Any CNT tech they are testing is being done in the lab, and used to boost their current patent protection for now.
Do a reality check, and look at how much capital Axion has spent in the last 10 years just to get this far, then ask yourself when and how long and much it will cost others to get where Axion is today, and Axion is not even making a profit yet!
I tried to take a brand new plastic-organic polymer battery technology out of the lab back in 1980, so I know how steep and brutal the cost curve for this tech and market is.
In the long run, you might be right, but in the long run we are all dead too.
I am still not crazy about the price tripling on future order news, while the earnings go to a loss last 2 quarters.
Look here:
http://ih.advfn.com/p.php?pid=financials&btn=quarterly_reports&ihsymbol=&ihpagelist=Quote&mode=&symbol=NASDAQ%3AAPWR
Look at the operating profit last 4 quarters on the quarterly page, under the income statement section, and most specifically at the "net income (total operations)" section, and then tell me this stock is worth $20/share, 3 times what it sold for 3-4 months ago! All I see so far is income going in the wrong direction, FAST. I smell a huge new stock float, issue, huge OS increase coming any day now to cover their new capital needs for the announced new capital projects. Mark my words! Warning Will Robinson, danger approaching, LOL.
I still like the company, but I think it will be much cheaper again before it goes higher again. I made a lot of great gains this year on other stocks, and held too long thinking long term, only to see my gains turn into losses. Don't wait too long to sell this one. It will not stay this high forever.
I am pretty sure Axion already has a nanotube carbon LIKE structure in their current carbon anodes (but a much cheaper, lower cost version that already works?), and I have no doubt their current R&D is all over that, testing the latest carbon nanotube variants in their latest prototypes. Axion power's current advantage is extremely low cost, huge existing lead acid recycling and battery making infrastructure to piggy back onto, easy to scale up production quickly, no limited source issues or huge ingredient cost issues like lithium and high cost, specialty nanotubes, to deal with at present. And they have already increased the previous lead acid state of the art energy density and power density using their carbon anode retrofits, by as much as 1000%. Theirs is lighter (one lead anode replaced with porous carbon), more like a super capacitor in increased C rate, C rates as high as 10C IIRC, 10 times the cycle life of existing lead acid batteries, can fully charge and discharge 10 times faster than other lead acid batteries, IIRC. If they can just start making money someday? If they can't make money, what hope do the others have?
Lastly, they gotten about +6 partnership DOE and local government agency grants this year! More than any other similar company.
But I still can't for life of me figure out why buyers would pay a 3x premium over the recent huge stock issue behind closed doors last week, at .57/shar, especially for a company that is still losing money.
May be time to load up on this puppy today! The CEO made 8 purchase lots reported today, all for his personal IRA, at .64 to .65 a share! That is about .08 higher than last weeks 52 week lows! And he made more IRA purchases earlier this month at .68/share
http://ih.advfn.com/p.php?pid=nmona&cb=1262037634&article=40899797&symbol=N^COIN
http://ih.advfn.com/p.php?pid=nmona&cb=1262037634&article=40866972&symbol=N^COIN
Here is the latest on the prospectus for the 17.5 million shares they sold back in October.
http://ih.advfn.com/p.php?pid=nmona&cb=1262037634&article=40882232&symbol=N^COIN
The COINU units (1 share with one warrant) seem to be less liquid right now, but got real cheap today, making the attached warrants nearly free. I would go with COIN short term, and maybe COINU long term at this point due to differences in liquidity, if you are thinking of buying.
I am hoping for a near term bounce, but if we get a big market sell off early next year, this could still go lower. But if bounces hard up over a dollar first, we might have seen the low for a while?
I agree, having been one of those who previously questioned if Mantra was totally legit, I have taken that off the table for now in my mind based on the agreement with 3M filed with the SEC.
The real issue to me now as a current bear in general (markets in general look ready for a correction soon, so I am waiting for some kind of correction to come and go, before getting too long in anything right now), is how long will it be before they get a deal that generates some real revenue that limits any need to sell more shares to pay the bills.
Yep, read it, but had no time to post it. I think that is partly why the stock rallied last 2 trading days. Market rally in small caps helped too. I still own some COINU, that I am down about 20-40% on (bid/versus ask), was temped to buy more stock at recent .56 low, but did not, as I fear it may go lower in an expected market pull back early next year, 1st quarter. Nice to see they are keeping the news engine, and sales activity going, and growing. I just still worry about how long it may take them to close the sales gap needed to start breaking even.
Love the green product and it's huge future potential, but at some point one must start generating enough business and margin to at least break even, or else their days may be numbered.
I have no idea, I don't think they disclosed that detail, at least I did not see it when I read the SEC filing. I can't figure out why the stock rallied Thursday. For the life I can't see why anyone would buy the stock at anything over .57, when two thirds of the company OS was just sold for .57/share. All I can figure from what I have seen the last 2 weeks is the last vestige of a bubble,euphoric stock buying is taking place by blinded would be investors being sold stock that the smart people want to dump, before the crash or pull back by the entire market(s) hits early next year. APWR's recent eurphoic rally is an other one that makes no sense to me. I am not sure there is any mandatory hold on those shares? I do know the new shares were not pre-registered with an SEC filing announcing plans to make the sale, which I also find terribly disburbing. Maybe the people, institutions that bought all that new float, are taking advantage of the drop their stock price caused, to buy up the rest? But if that was the case, why not let the stock dump down to say .60 first?
I still expect it and the markets to take a huge correction south early next year, but I also expect SPX to hit an 1150-1160 peak, maybe by year end before a sell off.
Is it just me, or does this one look and smell like a scam? Going concern notes on an unaudited financial report, and huge, very strange entries on the latest Quarterly finacials. Even the tech details smell fishy to me.
$7.5 million in good will on financials?