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Memorial Day 2011 Contest Pick - LRAD $2.75
Matt - Re: Dollar ETF's from SA
PowerShares DB U.S. Dollar Index Bearish (UDN): Perhaps the best option for a falling dollar, UDN tracks a rules-based index comprised of short USDX futures contracts. This ETF is designed to replicate the dollar’s performance against a variety of currencies, including the Euro, Yen, Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. For investors who think the dollar has bottomed out and is due for a comeback, PowerShares also offers a bull USD ETF: UUP.
No problem. Glad you enjoyed. The steaks at that place were surprisingly amazing. I wouldn't of expected it. Hell my fridge is covered with chit from my son and wife. No need to worry about a magnet for me. Send me a salmon. No seriously just grab a steak if you ever get that way. Thanks for all you do.
AF, Are we allowed to post 5 letter pinks? You know foreign companies that have a listing in the U.S. that way? They're not a true pink because they trade in line with the actual stock on the foreign exchange, like London and Toronto.
Let me know.
API still moving, mentioned possible base and reversal at $1.76 yesterday. Keep an eye on it.
Lowtrade, I hate to keep asking about the same stock, but it's helping me learn when you go over the charts. Is API forming a cup and handle?
API looks to be basing here and possibly reversing again. I saw a 240,000 share buy go through today. I think the sell off yesterday was due to news about the CFO stepping down, but he's actually moving into the COO position and not leaving the company.
I like it long term.
Chart readers is API forming a cup and handle?
AXAS, the other day I mentioned a possible short squeeze around $5.20, over $6 today pre market. Still could go further.
I just read something about that with API. So can I get a brief explanation of what that means? Who do I write my tuition check to? You guys are great.
Low, do I take today's large volume in API as a big guy "hint" as you've been saying in some of your other stocks on watch?
I've done the DD, but I'm terrible at the technical part of this game. All I do is watch the time and sales. Today bigger blocks than normal were going through.
I think the $1.25 idea is good. I also think a combination of chart reading and strong company DD is important. I remember when I first started following this board there was some solid DD behind the chart plays. If we know the company has long term potential for growth then it may not hurt so bad if we get "stuck" in them for awhile.
I'm focusing on API and have done alot of DD on it. I don't do well with charts like you guys but I can research something to death. If you guys give me the "golden crosses" or other possible chart plays I'd be glad to put in some DD on them and post it to narrow down the potential real companies from the POS's.
API price rebound may be due to a Barron's article just out today (link below). Institutional investors jumped out a bit on the last downturn after the earthquake and today it looks like they came back. I saw big blocks go through and I don't usually see this on API.
Ciena is a customer of API. They are mentioned in the article. Also look at the presentation by API below, many of their customers are listed on slide #8:
http://files.shareholder.com/downloads/API/1178336400x0x435891/e095862a-65b1-4657-a3b6-e309700dbf68/APINeedham_Presentation_2011_Final.pdf
http://blogs.barrons.com/techtraderdaily/2011/03/30/ciena-juniper-rise-on-verizon-100-gig-plan-optical-inflection-point/?mod=BOLBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+barrons/techtraderdaily/feed+(BARRONS.com+Blog:+Tech+Trader+Daily)
Need help. Can anyone confirm for me on something other than TD that I'm seeing bigger block buys go through on API. I saw these today. It's not normal for this one. Can anyone else see this on their system?
03/30/11 10:26:49 2.03 2.02 2.03 30000
03/30/11 09:55:41 2.00 1.98 2.00 17100
03/30/11 09:31:40 2.07 2.03 2.07 124475
API $2.07 on strong volume
Thanks low. I have some API in my Roth and I have some in a trading account that I grabbed near the bottom. I appreciate this analysis from you last night.
"API Shows no negatives about the move stopping yet. No high candle spike exhustion, increasing CMF buy pressure, StochRSI stays in BE IN state, Both entry/exit 5,10,20 & DMI indicators say EARLY entry, and have not confirmed yet. http://stockcharts.com/h-sc/ui?s=API&p=D&yr=0&mn=3&dy=0&id=p73250373373"
So for the trading account what signals time to exit? The high candle spike?
ENTR, lowtrade I've been watching this one. Trying to figure out why such a high short interest. #'s look good, tech looks good. Insider selling looks bad. Do you have any input or just looking for a bottom bounce in it?
Also API had strong buys into the close. Even a couple big ones after hours for this stock. Looks like it closed above the 50. Anymore input on the chart after today's action? Looks good to me, but I'm no chart reader like you.
API $2.02 It closed strong. Lots of buys at the end of the day.
Watch AXAS tomorrow. Looked like some shorts covering into the close. Lots of shorts in that one.
API $1.90
API closed at $1.80, keep an eye on the chart.
API over $1.75, just a heads up as you called over $1.75 as a possible breakout. Would that be a close over $1.75 AF?
Lowtrade API chart and thoughts if you have time. I've been watching it since the earthquake took it down. Wondering if it has room to grow.
I'm in API in my Roth, but have some money in a trading account and have been watching it since the sell off. I've noticed it's been basing for the last few days. Then today it turned up a bit.
I'm also long VSCP in my Roth. I'd been watching it too over the last couple weeks. Look at that chart http://stockcharts.com/h-sc/ui. I was just trying to figure out if API could move the same way. Don't wanna miss it if it does.
Some DD in case you're interested. Sorry for the length.
API is high speed optical recievers HSOR (bandwidth), and Terahertz technologies. I've researched it to death. Big customers in telecom are FNSR, JDSU, OPLK, etc. They are now moving into the BRIC with some good orders.
The terahertz technology is going to be used in industry to scan items (like an xray) which is currently done using radiation. Teraahertz tech uses no radiation.
Lastly they are moving into homeland security.
Taken from another post:
In November of 2010 IQT (A company created by our govt.) invested in API. They now have a deal with API and API is producing an anomaly detection device (Airport/Package Screening Device) for the government to try out. It is to be shipped to them in November of this year. I think its some sort of wand that's non invasive and can detect if a person has something on them.
Look here: www.iqt.org/technology-portfolio/api.html
IQT ends up purchasing alot of these companies if their product are successful.
I also find this a good reason to invest long term:
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today (3/13/11)- Nice companies to be associated with.
* Advanced Photonix Inc (AMEX: API - News)
* Barclays PLC (NYSE: BCS - News)
* Chesapeake Utilities (NYSE: CPK - News)
* CKX Inc (NasdaqGS: CKXE - News)
* The Walt Disney Co (NYSE: DIS - News)
I saw Louis Navellier supports API too.
Some DD from another post.
Telecom is a very good business and on the verge of rapid growth. The market has come to them. They make high speed 40Gig and 100Gig switches for telecom companies. These are VERY HIGH SPEED. Comcast, Verizon, and others are in the midst of a massive buildout. They need to add bandwidth to the home for movies and other content. Consumers need 'fiber to the curb.'
The telecom backbones used to use 1Gig boxes, then 2.5G, and now it has jumped up to needing 40G and 100G. API is one of only a very small number of companies in the WORLD that make them, and I think the only U.S. maker.
The telecoms must CONTINUALLY UPGRADE! They don't want to tear the fiber out of the ground, that's very expensive, so they use API's products to amp up and fatten the pipes. API helps them send more light down the pipes.
They just got a nice contract from China. This could be a huge market for them.
Industrial: Right now there are A LOT of nuclear gauges (NGs) out there. They can replace these. It's another huge market. The nuclear gauges measure thicknesses and moisture etc BUT they have a lot of issues, namely hazardous waste issues and expenses. API would eliminate that. They use light instead of radiation. The coating and thickness markets for paper, tires could be the first markets they attack with their Terahertz technology. Again, a huge market.
Homeland Security: Using their Terahertz technology they developed a product called T-Ray 4000. It's a small box with a fiber optic arm attached to a hand-held sensor wand. Instead of having to put things in a box like radiation machines require, API can just wave the wand across an item or person. It would replace pat downs. It could be used to look inside a head turban or luggage - anything really. It's non-contact. It's less expensive.
They plan to have units up and running for tests this year. I think system deployment could start in 2013 and the estimated market potential is something like $250M!
That's exactly what I was wanting to know. Thanks for taking the time to check it out for me.
API, Matt or AF, please look and tell me what this chart is saying.
http://finviz.com/quote.ashx?t=API&ty=c&ta=1&p=d
I'm in this for the long haul but may buy more if it looks to be ready for another run.
API, good stock, good story. Zacks #1 rated stock. I'm interested in the chart readers opinions. Looks to be turning up again.
Oil 104.21, wonder why the small oils aren't moving a little more. Built in already?
Yes, but we're not allowed to do OTC's here. When I researched the company I found that they have a sketchy CEO. The financials looked very good, but the problem is the CEO isn't collecting the accounts receivable. People caught onto that and that's why there's been a sell off. The CEO started to let companies out of the outstanding accounts receivable by investing in the company that owed ALIF money. He created an "investment" side of the business. Just seems suspect to most.
Now all that being said a group may come along and try to run it like GLUU, which has terrible financials and guidance but still has momentum because of the hot app market.
Good luck
RAME had earnings yesterday. Many were holding through earnings. Earnings for the Q weren't great due to weather and hedging, but the year was good. The conference call sounded positive. Not sure what's up other than that. Volatile stock. Volume was through the roof during the last oil play/run. I expect it to be in play again if oil goes up in the near future.
Watch RAME if the Oil play comes back
Pond fishing is becoming a nightly sickness of mine. At one time I read about real companies. Now I find myself reading about stories, A/S, crooked CEO's and so on. It's like CSI OTC for me and I'm hooked. I need an intervention!
NUBL - Pond fishing or a diluted mess?
Alan Meckler Tweet about Facebook announcement.
$WEBM RT @alanmeckler:Market closed so I can mention that we are announcing on Monday a state of the art stats service for Facebook marketers.
http://twitter.com/alanmeckler
Oh, my apologies. I generally hide the iBox on all boards and do my own DD. Didn't see it or I wouldn't have posted it. I'm new to LHPT. Are you bitter? I'm confused.
I put an email in to the CEO to ask some questions. I'll post what I find out when I hear back from him.
Has anyone spoken to the CEO and if so what was your impression of him?
So far what I can find is that he took over the company early last year and the former CEO and other members of the board resigned.
The following from the Oct 20th 2011 Disclosure Letter:
"In February 2010 Glen Kennedy became the CEO and Chairman and
Paul Norat resigned as CEO and Chairman. Jeff Barger and Paul Norat resigned from the Board of Directors in July and August 2010
respectively."
Then I found this when running a search on the CEO.
Mr. Kennedy, a Texas native, has a diversified background in the oil and gas industry that encompasses many aspects of the modern upstream markets. Mr. Kennedy began his career as a derrick hand and relief driller for a drilling contractor while attending Texas A&M University. It was this experience that led him to start his own private company that focused on the operational aspect within the upstream market. Within this entity, Mr. Kennedy was responsible for all project field operations, administration and compliance within the State of Texas. It was his success at this organization that led to a monetization event thereby allowing Mr. Kennedy to focus on other areas within the upstream markets. Mr. Kennedy was a licensed and bonded operator within the State of Texas.
Here's some interesting things about the company upon a little digging.
Current website is pretty much under construction as the new site gets done.
The company brought their financials up to date in October of last year and what I like more is that they included the letter from their attorney vouching for the financials and the people involved.
Read it here: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37697
Reading that only gave me one concern and that was the 10,000,000,000 suthorized shares that could be used by the company to dilute, but then I found this from the Jan 28th 2011 PR:
"CEO Glen Kennedy hopes to clarify any confusion resulting from the Company's most recent press release. Lighthouse is not at this time planning a reverse stock split but management is reviewing a plan to reduce the Company's franchise tax liability to the State of Delaware by reducing its authorized number of shares and lowering the par value on the common stock. Both issues will have to be approved at our next annual shareholders meeting."
Keep in mind there are still only around 280,000,000 shares O/S so the stock should move easily like it did today on little volume.
Now a phone call to the CEO stated that the financials could come out this week. Two good things could come from this
1.) They might have had that shareholder meeting by the time financials are released. If they did and "reduce the number of authorized shares" then it would be positive news.
2.) Another interesting thing to consider is the way assets are valued in an oil and gas exploration company. They are based on what's in the ground and the current value of what's in the ground, which is now over $100 a barrel. I found the following in the company disclosure statement that was released at the same time financials were updated in October 2010.
"The oil and gas industry in the United States has historically
experienced substantial commodity price volatility, and such volatility is expected to continue in the future. Commodity prices affect the level of reserves that are considered
commercially recoverable; significantly influence Lighthouse's current and future expected cash flows"
When the last financials were prepared in October of 2010 oil was $73.79 per barrel. Shouldn't their asset valuation be higher this quarter? Just a thought.
News for the oil players
http://online.wsj.com/article/BT-CO-20110310-719681.html
Matt, who do you like as beat down tech?
HLXW anyone still in this one?
I saw what you posted on the APCX board. I followed the advice you gave the other night and sold into the rally the next day and it closed red. It followed through today. Great call.
I read your post on the other pond fishing play last night. Excitement was building there until mid morning when someone posted some "facts" about the company. According to what you wrote it would seem that the darkside would be inclined to sit out a bit now given today's action/sentiment. What's your take on it at this point?
Also interested in your opinion on the overall market if you have one right now.
Take Care