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Selling at the end of the year to book a tax loss can really whack a stock that has had a tough year when investors sell just to book that loss. VLNC has had a tough year.
But the New Year stops selling for tax reasons and that shift in supply and demand can, not always, result in a stronger price in the short term. Especially if the company has positive news to announce.
I checked that other stock mentioned in that blog--UTRM--and now the stock is at .04 from a year's high of .97--now that is really a huge loss--but I checked the company out and they just announced a new product that has gotten great press this month--but the stock is barely off its lows.
I think the blogger is on to something with tax loss ideas for bounces in January. VLNC is a good idea. So is the other one, IMO. UTRM
I have bought both--Should be interesting where I am at by January 15.
Have a great New Year.
Reminds me of the song on "Chicago"-- "razzle dazzle them".
Lots of smoke and no fire. Poor communications to shareholders. Promises of AUDITED financials--and still waiting. No news on any NEW contracts for months.
I would buy some down here--but the volume is too low to make it worth it. And there is no public news to make sure that I am not alone in watching BLVT.
Does GURBA or STANTON write these PR's?
There really is only one reason why a company spends the capital to catch up on their public filings--and do a reverse split. And it is because the management believes there is a future. for the company in a public setting.
And being a public company, TLCO will start having press releases again, no just quiet filings with the SEC.
The biggest problem is any real buying will push up the stock.
VLNC written up on an investment blog saying that it is a good idea for a tax loss pop in Jan. Probably is true.
http://www.worldmarketmedia.com/779/section.aspx/608/post/valence-technologies-vlncnasdaq-united-treatment-centers-utrmotcbb
Valence Technologies VLNC/NASDAQ - United Treatment Centers UTRM/OTC
Editors Desk
Date: December 22, 2009 4:10 PM
Publisher: Editors Desk
Tags: NASDAQ, OTCBB, Technology
Buy Now and Get a Gift in January: The Year End - Risk /Reward Trade
'Tis the season that many investors Love. Yes, I am talking about Tax Loss selling season which occurs each year-end where investors holding stocks below the December 31, 2008 mark to market closing price sell so they can take a write down on any investment gains up to a specified amount for their tax bracket...and not fundamental reasons.
Better to shelter any capital gains for this year and avoid paying Uncle Sam in April, 2010 is the general sentiment.
But there are investors that seek trading ideas where the stock is down big for the year, yet the prospects for the future is brighter than what the stock is currently trading in the last few sessions of the year. Savvy investors look for the beaten down stock and do their due diligence to make sure that the risk justifies the "bounce back" reward in January when tax loss selling ends on the last session of the year. In fact, the trick is to time the selling pressure...actually the trick is really just to pick a stock and average down.
One thing I can assure is that no one will be selling stock January 4, 2010 for tax reasons. So, until the end of the year, the supply of stock offered for sales is exaggerated by those investors more interested in the tax consequences than the fundamentals of the stock. To further exacerbate the situation, those investors holding the stock and tempted to average down on their position hold back buying because they think the selling is NOT over.
So, start looking for interesting stock stories near their lows and do your DD. Check out Valence Technologies (NASDAQ:VLNC), a manufacturer of rechargeable lithium iron magnesium phosphate batteries, at $0.94 (52 week trading range of $0.84-$2.73).
For those interested in the smaller stocks, look at United Treatment Centers (OTC:UTRM), a company which just introduced a waterless toothbrush to the market three weeks ago, trading at $0.036 today (52 week trading range of $.0.032-$0.97). I will re-visit these two ideas at the end of January to see how things panned out.
World Market Media owns zero shares and has no position in either name.
http://www.worldmarketmedia.com/779/section.aspx/608/post/valence-technologies-vlncnasdaq-united-treatment-centers-utrmotcbb
RVGD looks like it could be forming a Cup and Handle. Very Bullish
TLCO is one that I predict will wake up when the managment in the Netherlands start up the PR presses. They have spent a ton on getting current with their filings. And NO ONE spends that money to blow it as a public company. Watching this one.
LGDI is breaking out here.
GWMAN! AEMD should do well in January. There is some tax loss selling going on now--and that will be over in two weeks.
AXTG news out-
Axis Technologies, Inc. Distributor, Energy Innovation Group, Provides Update on Ballast Demand
Proposal to California Energy Commission Includes Installation of 58,000 Ballasts
LINCOLN, NE--(Marketwire - 12/21/09) - Axis Technologies Group, Inc. (OTC:AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy-saving daylight harvesting electronic dimming ballasts for the commercial lighting industry, has been informed by California-based Energy Innovation Group (EIG), one of the company's marketing affiliates, it is submitting a $20 million proposal on December 18, 2009 to the California Energy Commission (CEC) for grant funding through the American Recovery and Reinvestment Act of 2009 to operate an EIG energy efficiency program for the purpose of job creation and stimulating economic activity. EIG has operated a previous CEC energy program which, due to its great success, was featured on the CEC website. The EIG proposal will encompass four 'Best Practice' technologies, including the Axis Daylight Harvesting ballast. The installation of Axis Technology ballasts under the proposal represents the installation of an estimated 58,000 ballasts. EIG has already taken delivery of 26,000 Axis ballasts for installation in a number of commercial buildings.
In addition, EIG has also been selected by a number of utilities to operate energy efficiency incentive programs and has arranged with Los Angeles Department of Water & Power for significant incentives to be paid to customers using the Axis ballast.
The cities of Beverly Hills, West Hollywood, West Covina and San Fernando have provided letters of interest to participate in the EIG program in the event that the EIG proposal is accepted. The Los Angeles Community College District, Santa Monica College, and the National Electrical Contractors Association-Los Angeles have also provided letters of interest to participate in the program and support the program's workforce development requirements. Southern California Edison has issued a letter to support the EIG program in the event the proposal is accepted by the CEC. Schneider Electric, a $24 billion revenue energy equipment supplier, has committed to establish a special pricing structure to support EIG programs. The selection of bidders by the CEC is expected by the end of February 2010.
EIG is also in advanced stage discussions to enter into a major joint venture in New York with one of New York's long established real estate owner and management companies. Recently the New York City Council has legislated that commercial building owners must conduct energy audits to identify energy efficiency requirements. New York has developed one of the most ambitious energy incentive programs and has among the highest electric rates in the nation. As noted in a recent article in the New York Times, "Large commercial buildings will also be required to switch to more energy-efficient lighting, which usually accounts for about 20 percent of their energy use." (http://www.nytimes.com/2009/12/10/nyregion/10green.html?scp=6&sq=New%20Yor k%20City%20Council&st=cse).
To be included in the corporate e-mail database for company press releases and industry updates, please send an e-mail to ir@axistechnologyinc.com.
About Axis Technologies Group, Inc. (www.axistechnologyinc.com)
Axis Technologies Group, Inc., through its wholly owned subsidiary, Axis Technologies, Inc., designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the standard ballast into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The company's target market is small to large commercial users of fluorescent lighting to include office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. The Axis Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture and then dims or increases lighting in conjunction with the amount of available sunlight. The Axis Ballast avoids "over-lit" conditions that increase energy costs by harvesting and utilizing free daylight from windows or skylights. As the amount of available daylight fluctuates, the Axis Ballast automatically keeps lighting "tuned" to the desired level in a designated area (www.axistechnologyinc.com/products.html). Underwriters Laboratories has approved Axis products for sale in both the United States and Canada. The Axis Dimming/Daylight Harvesting ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast. Numerous utilities have included the Axis ballast in their rebate programs offered to their commercial and government customers.
100 shares traded and down 24%? Now that is called "illiquidity".
MZEI breakout at .42
GGWPQ looks great. Patience is paying off
OPTZ broke out today
Good day on GRDO
Blue Sky Breakout at .17, that is what I mean.
OPTZ has been a horse--a fast horse--juice
New here. Got a heads up from an e-mail list I belonged to. OPTZ looks great. Thanks for the info
Tax Loss Selling is the biggest obstacle now--- but that ends soon
Biotech conferences do come up in the SPring
Actually, UTRM is on FOX Business on Thursday at 5:40 PM
AEMD starting to look good here. January could see a nice run if they have some news going into the Spring biotech conferences.
Between now and the end of the year is a great time to average down IF you still believe a stock that has been punished will rebound next year.
You just never know when the average down buyers start.