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I believe there is a concerted effort to funnel FnF interest into the preferreds so the common price can be controlled and shares accumulated under a dollar. As more money gets shifted to the preferreds, the common pps can be shorted then covered more easily while accumulating algorithmically as to not advance the price again.
If FnF are taken out of conservatorship, then why wouldn't the commons reap the most reward? The preferreds are more of a safety net if conservatorship is NOT ended. Yet, these articles never overlap the two theories.
All just my opinion based on my personal observations. Novice speculation.
I find the whole drama kind of funny lol.
Yes; to a point. It takes off when the market starts realizing that the policy will change -- not after the policy change happens. The market thinks ahead. Right now, we only have subtle indications and legal theory based on this new turn of profitability and DTA potential. It's my opinion that some whales foresee this. That's why the dollar mark is so important. Various institutional limitations are lifted. I believe the PPS will spring forward after that dollar mark. For accumulation purposes, it's kept at a buffer away from that mark (my novice opinion).
People get frustrated, and shares are accumulated by the forces that be after sideways short pressure. Nothing new.
Just my opinion of things.
Dems need the House in 2014. A rejuvenated Fannie and Freddie, with blame shifted to the banks via law suit, would make for a nice shiny trophy in getting that done. Dunno where you're getting this 10 year thing from, but ok.
I touched a little bit on it yesterday.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86641457
There is a window of opportunity for the MMs before the next earnings in early May. Games will be played during that time. However, they can't dip it too low, imo. My linked post above explains why I think that.
The chart after closing today looks FANTASTIC for what I thought to be true. I think we're basically on a lower end of an essentially sideways trend.
They accumulated from weak hand frustration.
I can't wait to see the short volume posted later on today. I'm guessing over 40%.
Cover baby, cover. eom
I added. eom
Looking for some solid positive movement today. eom
The 5th amendment of the US Constitution. eom
I called Fannie IR, and they told me the earnings have to be out by May 10th (I'm guessing the 9th.. MAYBE the 7th)
Just an FYI ;)
GLTA!
I'm one more follower for you, Tadaaa. Great great post!
Yeah yeah, the dollar collapse; sticks and stones. This platform would warn investors against any stock at all.
"life as we have known it.... will cease to exist".
This probably isn't the board for this. Alex Jones, or Coast to Coast AM may be better suited.
Much better answer. Thx! eom
In the end, the treasury is the end all boss over there. It would be in the government's best interest to make this process slow and steady. Otherwise, they risk looking like idiots after all these years of touting this "wind down". The current democrat power base really really wants to win the house of representatives in 2014. It's a sticking point in getting things done since the republicans currently have it. Stretching this out to be more in line with gaining political points is probably where they want to take this now. This is why I believe they won't post ALL of the 59 billion in May. But enough to keep that carrot on a stick. We'll be riding the PPS all the way.
Just my honest opinion.
YES! Exactly! Wish we could have 5 stickies.
That's the beauty of the short pressure to keep the stock sideways and under a dollar. They can't dip it too low, because retail could eat those shares up almost immediately. In my opinion, the only reason for the shorting is to accumulate algorithmically, and then cover any overhead short positions when the strategy reaps less and less shares. A problem for this strategy right now is the longer it takes to do this, the more solid our base looks. They can't dip it too hard, because ..well I explained that. The dollar push, I believe, will happen out of nowhere. Take everyone by surprise.
All my own novice opinion.
Agreed. The dollar test, in my opinion, will probably come out of nowhere. Slowly pressure builds up by using short sells to keep the price sideways (at least that is my novice opinion here). Retail investors get sick of the sideways trading and lose faith. As they sell, the big boys can pick up the shares. Keeping it sideways, while creating negative candlestick patterns ultimately shake shares from weak hands. The problem for this process is to not end up dipping it too low. Then they'll have to start over again to re-shake, imo. Retail will EAT UP .6_ - .7_
Watch during power hour again. eom
I hear the beeping trucks backing up. eom
In most circumstances, government related, I would agree here. The issue, however, is not reason. It's money. When we have hedge fund managers hinting at a constitutional issue, we don't need reason and debate. To me, it means there is big money behind litigation to get it to where it should be. Politically, I would assume the government wants to avoid such litigation since it could presumably halt the housing recovery. With a timeline involving the 2014 congressional elections, and the dems really really needing the House...I personally paint a different picture than the normal, "well the government will do what they want to do regardless of constitutionality".
When I put all the pieces together, I just see returning FnF back to it's original state (after payback) in the best interest of the current political power.
Philosophical reasoning aside.
Not if the shareholders have anything to say about it. I believe we will. The outcome of the lawsuits on the banks will be very telling. If everything goes in favor of FnF, then there is a very legitimate argument to be made that the need of the bailout was due to an issue that was not the fault of the company. In part, the damages could be argued to include reverting back to our previous standing. Privatization's argument is based on:
A) The company not being able to sustain profit anymore
B) The company not being able to repay the bailout
C) To avoid this kind of thing in the future
All of those points, in my opinion, are ready to move out the door. If the problem is cited to be caused by the banks, then Fannie Mae's business plan can be said to have not been the problem in the first place. If that is accepted, then a route to pay back on the bail out should be put in place. If it isn't, then there is a 5th amendment issue, imo. Since it is now profitable, and there should be a route to repayment when it's shown the housing crisis was NOT FnF's fault, I don't see why privatization is going to stay on the table for much longer.
DDCC bounce play. eom
A lot of tricks have been used over the course of the last month. Great observation.
It's just our burden to bear.
I'm ok with it though. In the end, I make money. All the tricks in the book won't stop that after the future of this conservatorship is fleshed out. (My opinion)
I can't wait until these 10th and 100th of a penny prints are a thing of the past. lol
I think sooner than later =]
Plowing through 0.91 eom
SWET maybe breakout soon. eom
I'm thinking new base today. eom
ANNAPOLIS, Md., April 8, 2013 /PRNewswire/ -- Solar Wind Energy Tower, Inc. (OTCQB: SWET, the "Company") announced today that the Company had communicated to their shareholders of record in a letter that stated:
To our valued shareholders,
Our strategic mission is to engineer, design, develop and enable the construction of the most energy efficient and cost effective source of clean power available and a source of energy that will be financially productive without the subsidies required by conventional solar and wind projects. The Company is continuing along a path of significant progress towards the development and ultimate realization of the first Energy Tower Downdraft Tower. We have recently experienced a significant amount of interest and a large number of inquiries about our Company, stimulated by some of our recent project development announcements and I want to bring you up to date on these recent developments.
On March 11th 2013 the Company's corporate name was changed to Solar Wind Energy Tower, Inc., to more accurately and categorically define the nature of its business and to eliminate the confusion of associating its technology with traditional wind turbine technology. In addition, the Company's stock symbol was changed to OTCQB: SWET. The Company's website was changed to www.solarwindenergytower.com. Traffic to the old CWET website is automatically rerouted to the new SWET website. All other Company contact information remains unchanged. We view ourselves as a hybrid solar/wind technology, now reflected in the name, Solar Wind Energy Tower, Inc. primarily because the simplicity of our solution is comprised of harnessing the natural power of a downdraft created when water is introduced to hot, dry air within the confines of our Tower structure.
At the end of March we announced our relationship with Providence Energy Corporation, a privately-owned company from Dallas, Texas, on the development of our first Solar Wind Energy Downdraft Tower located in Arizona on the US/Mexico border. Providence Energy is a nationally recognized leader in clean and environmentally friendly development of domestic oil and gas resources. They currently own and manage over 4 million net mineral acres in 34 states with royalty and working interests in over 20,000 producing wells. Providence Energy has taken a position in Solar Wind Energy Tower, Inc., and we welcome their expert development assistance in making our first Tower Project a reality.
Last week we made several announcements that generated significant interest in SWET. The first news item was the launch of a national media campaign with the Money Channel Inc. This multi-faceted campaign includes Radio informative segments airing on American Scene Radio that airs for two hours each weekday, planned television segments to air on the weekly half-hour program, WallStreetCast, and participation in one or more LIVE World Money Show events during the coming year. Investor audiences are estimated to exceed two million per week. Steve Crowley, CEO of the Money Channel, said: "We are pleased to add 'SWET' to our daily Investor's Showcase along with its CEO, Ron Pickett. Our listeners and viewers have shown a particular interest in innovative 'green energy' emerging technologies over the years, and we believe that this newest technology shall be a leader in this critically important space."
The second announcement focused on the recent beneficial changes in the Downdraft Tower. Over the last 6 months the SWET experts and development team partners successfully re-engineered the Tower resulting in a reduction of the expected capital costs and an improvement in the projected financial performance. The Company's newly created weather data models enabled the first Tower height to be lowered from 3,000 feet down to 2,250 feet. Our team re-engineered Tower to new dynamic hyperbolic shape with a wider base and lengthened wind tunnels. Reducing the Downdraft Tower's height and shape results in increased performance and overall operating efficiency, while requiring less mechanical maintenance and less full time staff personnel.
Another major breakthrough by our development team is the confirmation that the Tower structure can be built much more affordably using the newest formulations of industrial concrete verses space frame steel wall sections. The benefits of concrete translate into dramatic savings in a number of areas. Concrete is less expensive that steel and is readily available around the world and not subject to the volatility of the world steel market. The newest concrete construction methods enable the concrete to be mixed at ground level and pumped to every level under construction and poured in place. This construction method is much faster than building pre-cast sections on the ground and transporting and lifting each section to the required level. The time to construct each tower is dramatically reduced along with the cost of construction.
A major contribution to the developmental enhancements to the Tower was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona/ Northern Mexico into the program, the Tower's height and diameter was adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictated the optimum size of the Towers height and width. Solar Wind Energy can now evaluate potential Tower sites around the world and calculate and predict the shape and size of the Tower and the amount of electricity that can be produced in any region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing and construction systems and labor forces.
Under the most recent design specifications, the first San Luis Tower is expected produce abundant, inexpensive electricity with a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Using a 60% capacity factor, we expect the Tower's potential hourly yield equates to 600 megawatt hours, from which approximately 18.5% will be used to power its operations, yielding approximately 500 megawatt hours available for sale to the power grid. Factoring in lower capacities during winter days, the average daily output for sale to the grid for the entire year is approximately 435 megawatt hours per day. Currently in California avoided costs are running approximately $0.11 per kilowatt hour. As an independent power producer of clean renewable energy, the Company will be selling power directly to the power grid rather than directly to consumers.
As we have consistently stated, the Company's business plan involves "partnering" with various entities such as utilities, sovereign nations and independent power sources, to provide the ability to bring this solution to the market as rapidly as possible. Each Solar Wind Downdraft Tower is its own independent project. Solar Wind Energy can now evaluate potential Tower sites, and advise and predict the amount of electricity that can be produced in a specific region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing, construction systems and labor forces. Solar Wind Energy's involvement in each project is to facilitate the Tower's development with its expertise and intellectual property. Solar Wind Energy will receive development fees, licensing fees, and royalties on power sales from each project and/or ownership interests.
Again, I would like to thank our renowned and well respected technical consultants and advisors for their dedication and interest in our project, as well as all of the professionals we rely on daily.
A sincere thank you, for your continued support!
Sincerely,
Ronald W. Pickett, President & CEO
Solar Wind Energy Tower, Inc.
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. (Solar Wind Energy), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to commercialize a number of proven, validated technologies and construction systems into a single large Solar Wind Downdraft Tower structure that produces abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading provider of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow's electrical power needs.
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
In addition to constructing Solar Wind Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for electricity. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring the idea to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc. is based in Annapolis, MD, and is traded on the OTCQB under the symbol 'SWET'. For more information visit www.solarwindenergytower.com
Contact:
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@swetower.com
Investor Relations
Scott Arnold
Phone: (310) 497 8817
Email: scotta@corprominence.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
SOURCE Solar Wind Energy Tower, Inc.
Copyright 2013 PR Newswire
Good Morning. Revving the engines. eom
Hey! Fly on the wall! You there! What do you think!?
Fly: Yeah. Looks like the treasury, FnF, and the shareholders all want out of this conservatorship. (this is fiction, btw, to present my speculation)
Random person: But why!? Why would the treasury, hence, the government, want to let go of this clearly amazing piggy bank?
Fly: You mean, why would they want to try and hold onto a piggy bank that eventually could become a class action law suit with hedge fund money behind it regarding the unconstitutionality of the entire conservatorship beyond pay back? Yeah. Why would they? Not to mention the, to say the least, hiccup, such a rift could cause the housing come-back. Dems not getting the house with that kind of road block, I don't think. Politicians may be dumb; but they're not dumb at politics.
Random person: FNMA to da moon?
Fly: I just want to find a garbage truck. Got lost in some office somewhere. Any leads?
Random person: Why am I talking to a fly....?
Fly: ...
Sorry. Had a few beers tonight; just havin' some fun.
What the UBS loss meant was not picked up on all the way Friday. Face value, it just looked like another positive step forward in a lawsuit. But, over the weekend, A LOT of people have probably realized what this truly means.
The precedent has been set.
All those other lawsuits may be set up like dominoes now. Furthermore, that money is not a profit. It is a reward from an issue BEFORE the conservatorship to MAKE WHOLE a damage to them. This gives the "pay back" on the bail out notion a HUGE burst of energy.
All the puzzle pieces fit. Do you think the filing of all these suits is a coincidence that it runs along side now the biggest net profit in Fannie history? No. They didn't happen at the same time by chance; it's (I believe) by design.
What design?
An effort to get out from under the conservatorship, in my opinion.
The treasury makes the final calls in the end. If you think of it that way, they allowed these lawsuits. Why would they allow them to hit at the same time as these huge huge profits? And now DTAs sitting on deck.
It's all lined up!
These self pincher guys are the same ones who have been reiterating the wind down theory. When they get done pinching themselves, they'll see the 5th amendment on the horizon. The pinching turns to face saving.