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Definitely looks like the sellers have dried up... Any buying pressure should push us back to the $2 level very soon.
Very true... the OS increase probably scared a few folks out of this stock...
Personally, I was very happy they increased the OS. More players involved that have a lot to gain. Especially the Seawind divisions... they received a nice chunk of shares they can't sell for at least a year. In my opinion that is golden... Seawind folks are going to do everything in their power to increase Shareholder value... :)
Look at how fast we bounced up to 1.45 last Thursday. This stock can move quickly.
Yes... I feel 1.50 is easily achieved this week. IMHO
Chart looks good and selling pressure is dwindling very nicely.
Glad to see your committed to buying on dips... :)
That is smart investing!
INMO... that will happen very quickly. The previous rally to 2.49 PPS happened very fast as we all witnessed. This stock can really jump with any substantial buying.
There will be a lot of people chasing this stock once it passes the $1.50 mark again. :)
Gonna be a great week!
Simply Awesome!! Thanks Schekin.
That is a powerful statement.
Absolutely... and we all know that Albania is a huge proponent of renewable energy... especially HydroPower.
Durrant sounds very confident is his message. :) And so far he has delivered on all his promises.
This is an exciting time to be part of this opportunity. Seawind has developed a solid relationship with GE and Shell... and that would indicate additional projects in the pipeline from those customers as well. IMHO.
So many positives... A lot of people are going to be very regretful for selling their shares over this past week. :)
Onward and Upward.
Agreed... the Albanian projects are going to be a huge catalyst in moving the Share price much higher.
It would be great to see a PR on that this week or next. :)
Ince going Rook! I jumped on some .80s today. :)
Last time the Shorts were done covering we had the nice rally past $2 PPS.
I know predictions are frowned upon on this board... however my gut feeling is that we will see $3 pps this week.
This company is severely undervalued from a fundamental standpoint. You don't acquire customers like GE wind and Shell without serious credibility, integrity and professionalism. All of which PSPW has.
PSPW is a diamond in the rough... :) Durrant is doing a great job thus far and deserves a big congratulation.
:)
Feels like most of the selling over the past 4 trading days is coming to an end.
A large percentage of the Short positions from last week have been covered. As of Friday we are at 159,379 short.
Thursday showed 377,314 shares short... So we had over 175,000 shares covered on Friday
Thursday
20110519|PSPW|377314|0|825139|O
Friday
20110520|PSPW|159379|0|384199|O
This week is looking very positive... looks like we should be seeing some nice upward momentum and pps increase over the next few days. IMHO.
Long and Strong PSPW.
Nice going Smart... Your support is very much appreciated!!
Long and Strong PSPW
Duke... PSPW now has historical and continuing revenue streams as a result of the Seawind merger.
In fact, they have Revenues in the millions.
Please conduct your DD thoroughly and you will find that being a shareholder of PSPW is an incredible opportunity.
Long and Strong PSPW... added more to my position today. :)
Historically the market tends to sell off in May. Typical Wall Street Cycle. :)
Not sure why... but it was through BusinessWire.
Etrade and some other brokers received it.
Posting Today's News Release again for those that might have missed this Great News!
3Power Energy Group Enters into 58MW Chile Project Acquisition Agreement 8:42 AM ET 5/19/11 | BusinessWire
3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the Company has entered into agreement to acquire two wind energy projects in Chile totalling 58MW (the "Projects").
The vendor has already obtained and/or is in the process of finalizing all the necessary regulatory and statutory agreements together with all permissions required for development of the Projects. 3Power is currently finalising negotiations on the Power Purchase Agreements and debt financing provisions for the Projects. The Company expects to provide the equity financing via the $50M credit facility provided by CR&P Holdings S.p.A. previously announced on March 11, 2011. 3Power expects to close the final Project Agreements very shortly and, upon closing, the Company intends to transfer the Projects to a recently formed wholly-owned Chilean subsidiary, 3Power Energia S.A.
The Company has also recently signed a letter of intent for the acquisition of a 47MW wind energy project in Ecuador to be developed and has made significant progress on the license acquisitions in Albania.
The Company intends to develop up to 3 GW of renewable energy projects over the next 3 years. The Company's combined project pipeline covers wind, solar, hydro and biomass development opportunities in Chile, Ecuador, Peru, France, Italy, Greece and Albania. The Company is currently in the process of securing rights for the development of an aggregate of 300 MW of renewable energy generation during the course of 2011.
About 3Power Energy Group 3POWER is emerging as a world-wide independent major player in producing electricity generated by solar, wind, hydro, biomass and other renewable energy resources and to develop, build and operate power plants based upon these technologies. The Company plans to develop clean, sustainable power generation and become a trusted energy provider to utility companies and corporate entities around the world. The Company expects to establish its headquarters in London, with satellite offices and operations in North America, Latin America, Europe, and Asia. For further information: www.3powerenergy.com.
Forward Looking Statements This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to 3Power, its business and prospective development plans. These forward-looking statements can be identified by the use of terminology such as "subject to," "believe," "expects," "plan," "project," "estimate," "intend," "may," "will," "should," "can," or "anticipates," or the negative thereof, or variations thereon, or comparable terminology, or by discussions of strategy. Although all of the forward-looking statements set forth in this press release are believed to be reasonable, actual results may differ materially from those expressed in forward-looking statements as a result of factors outside of the control of 3Power. 3Power cannot provide assurances that any prospective matters described in the press release will successfully occur, close or otherwise be completed or that 3Power will realize the anticipated benefits of any such transactions. Important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in 3Power's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on forward-looking statements. 3Power does not undertake and specifically disclaims any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. All forward-looking statements should be regarded solely as 3Power's current plans, estimates and beliefs.
SOURCE: 3Power Energy Group
3Power Energy Group Inc.
Toby Durrant, Chief Investment Officer
Tel: +44-(0)-203-318-1995
Email: t.durrant@3powerenergy.com
Etrade has the news posted as of 8:42 EST this morning.
Just posting today's News Release from PSPW for those that may not have seen it yet. Great News!!
3Power Energy Group Enters into 58MW Chile Project Acquisition AgreementFont size: A | A | A8:42 AM ET 5/19/11 | BusinessWire 3Power Energy Group Inc. ("3Power" and "the Company") (OTCBB:PSPW) (Frankfurt:PSD) is pleased to announce that the Company has entered into agreement to acquire two wind energy projects in Chile totalling 58MW (the "Projects").
The vendor has already obtained and/or is in the process of finalizing all the necessary regulatory and statutory agreements together with all permissions required for development of the Projects. 3Power is currently finalising negotiations on the Power Purchase Agreements and debt financing provisions for the Projects. The Company expects to provide the equity financing via the $50M credit facility provided by CR&P Holdings S.p.A. previously announced on March 11, 2011. 3Power expects to close the final Project Agreements very shortly and, upon closing, the Company intends to transfer the Projects to a recently formed wholly-owned Chilean subsidiary, 3Power Energia S.A.
The Company has also recently signed a letter of intent for the acquisition of a 47MW wind energy project in Ecuador to be developed and has made significant progress on the license acquisitions in Albania.
The Company intends to develop up to 3 GW of renewable energy projects over the next 3 years. The Company's combined project pipeline covers wind, solar, hydro and biomass development opportunities in Chile, Ecuador, Peru, France, Italy, Greece and Albania. The Company is currently in the process of securing rights for the development of an aggregate of 300 MW of renewable energy generation during the course of 2011.
About 3Power Energy Group 3POWER is emerging as a world-wide independent major player in producing electricity generated by solar, wind, hydro, biomass and other renewable energy resources and to develop, build and operate power plants based upon these technologies. The Company plans to develop clean, sustainable power generation and become a trusted energy provider to utility companies and corporate entities around the world. The Company expects to establish its headquarters in London, with satellite offices and operations in North America, Latin America, Europe, and Asia. For further information: www.3powerenergy.com.
Forward Looking Statements This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to 3Power, its business and prospective development plans. These forward-looking statements can be identified by the use of terminology such as "subject to," "believe," "expects," "plan," "project," "estimate," "intend," "may," "will," "should," "can," or "anticipates," or the negative thereof, or variations thereon, or comparable terminology, or by discussions of strategy. Although all of the forward-looking statements set forth in this press release are believed to be reasonable, actual results may differ materially from those expressed in forward-looking statements as a result of factors outside of the control of 3Power. 3Power cannot provide assurances that any prospective matters described in the press release will successfully occur, close or otherwise be completed or that 3Power will realize the anticipated benefits of any such transactions. Important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in 3Power's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on forward-looking statements. 3Power does not undertake and specifically disclaims any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. All forward-looking statements should be regarded solely as 3Power's current plans, estimates and beliefs.
Excellent News today and PPS performance.
Conratulations to all that held on strong and did not
panic sell yesterday... :)
Dedication and committment brings wealth.
I love this company... it was a blessing to have the opportunity to buy more shares yesterday at the .70 and .80 levels. What an amazing bargain. :)
Long and Strong PSPW!!
Agreed...
Been buying all the way down to the .70s! What a bargain!
Long and Strong PSPW!
:)
Amen NightBlade.
I totally agree. :)
I am holding long and strong too.
I bought up some more shares today at 1.16, 1.20s, and 1.30s
We have witnessed serious MM manipulation today... it is unfortunate but we have to live with it. It is only temporary.
PSPW Long!
Just picked up shares at 1.16, 1.30.
:) I will continue to buy at these low prices.
MMs are also starting to cover.
COMPLETE MARKET MAKER Manipulation. Nothing more folks. There was absolutely no reason to open the stock under 1.50.
They are accumulating shares and making their short profit. When they are done with their games the uptrend will resume and at a much faster pace.
Hang on... don't worry. :)
Everyone with concerns please RELAX... You are holding shares of a dynamic, professional, successful company that now has a history of revenues, strategic relationships and a Fortune 500 Client list.
Do you think Microsoft or Intel or any other Blue chip (That was once a Small Cap) went up in price every single day? Of course not. Higher stock price is a progression of company accomplishments and monetary achievements. And we just had a huge one: the completion of the merger.
I remember buying MSFT back in the 80s, and let me tell you, it did not go straight up everyday. But over the long term the stock created many MILLIONAIRES.
Today was nothing more than profit taking. Healthy retracements are necessary to facilitate the momentum to continually increase the PPS.
The Volume is increasing perfectly... Over 1,200,000 shares traded hands today. That is fantastic.
We should all be celebrating the PPS performance and, more importantly, the company's achievements thus far. Look back 2 weeks and see PSPW was trading at a mere .50 cents. WE HAVE COME A LONG WAY IN THE PAST 7 TRADING DAYS... Be happy about that fact. Because it is only going to get better
PSPW is going to create a lot of Millionaires. Sit back, RELAX and enjoy the ride.
Focus on the positive!
As for me I see nothing but POSITIVE: In particular I love the company's accomplishment to secure a $50 Million Credit Facility from CR&P Holding S.p.A. And Mr. Conte, who has a solid relationship with CR&P is now a member of the Board of Directors for PSPW.
That is a huge Milestone!! 50 Million dollars is not easy to secure these days. This is huge in my opinion.
"The Company has appointed Mr. Antonio Conte as a member of the Company’s Board. From 2007 to the present, Mr. Conte has been affiliated with CR&P Holding S.p.A. and its predecessors, an Italian investment group which has provided a $50 million credit facility to the Company. CR&P Holding S.p.A. is a diversified investment company based in Rome, Italy, with portfolio holdings in real estate and renewable energy with recent asset valuations in excess of 323 million Euros"
Go PSPW... So many positives!
:)
Solid Volume today!
Stock only down 8.63%
Bought more shares in the 1.80s.
It's gonna be a great week folks.
Have a great night all... I am always proud
to say I am a loyal sharelholder in PSPW... They
are Rock Solid in every way.
:)
True...
I believe a large percentage of today's pullback is a result of the large MM short position... based on Friday's close there was over 400,000 shares short.
Some folks were also taking profits today. Fools they be. :)
The subsequent Short Cover should propel us past $3 . In my opinion.
BUY if you can... Sub $2 pps will not last long. :)
Excactly...
MMs are showing their muscle... don't worry folks this is very temporary and we will resume the uptrend.
:) could not resist buying at 1.60. That seems cheap now. :)
MMs are working the price down... When they cover their positions we will have a nice rally past $3 dollars PPS.
This is Nice, Healthy pullpack... In the overall perspective of the recent run up.
A great opportunity to add more to my position... I am scooping up shares at these prices!!!!
Congrats! Your patience will be well rewarded.
$10 PPS is coming. :)
I love the fact that PSPW has GE and Shell as clients. :)
Me either!
I am a dedicated Long Term shareholder
My shares are not for sale. :)
We should expect some consolidation this morning... and then it is back to the races!
Go PSPW! The future has never looked brighter!
Today's price action thus far this morning looks excellent.
Overall... the merger news and subsequent PRs will keep driving this stock higher.. much higher! :)
FYI... PSPW is listed on momentumhunter.com as a hot stock today.
8k Looks Fantastic! I just finished reviewing it.
Honestly, it has exceeded my expectations. I will spare everyone a long winded analysis and corresponding opinions.
Essentially... This is a golden opportunity!! If you have not bought in, well... Monday may be your last chance.
This stock is gonna produce a lot of Millionaires!
Have a great weekend all. Enjoy the ride! Like I have said in previous posts... You have only seen the tip of the iceberg.
In my opinion... we break $5 PPS this upcoming week. :)
Agreed tob999,
I don't understand why people that don't own shares waste their time commenting. I suppose they are venting because they never bought and are now regretful.
As of the closing bell yesterday...
The short interest is documented as 396,816 shares.
That is almost approximately half of yesterday's volume.'
So a short squeeze would rocket PSPW towards $3 today if they start covering aggressively.
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20110512|PSPW|396816|0|777347|O
Remember, by law the MMs have 5 days to cover their short positions. So either way we are gonna have additional upward momentum as a result of the MM cover.
Seems dangerous for them to hold all those shares going into the weekend.
:)
It's Friday afternoon... the volume will pick shortly.
Even Apple's volume has slowed considerably at this hour.
:) We should have a strong close above 2.50.
Absolutely...
Rudana owns approximaly 28,000,000(27,716,208 to be exact)shares of PSPW. It is in their best interest to feed as many projects to PSPW as possible.
Rudana's potential Shareholder value alone will most likely be in the Billions at some point in near future.
Let's say PSPW share price increases to $50... Rudana's net shareholder value will be 1.4 Billion approximately.
50 x 28,000,000 = 1.4 Billion