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well my stop loss was hit towards EOD (5.38), will keep on my watchlist for further review.
I bet that commision ate you up on the 15 cent difference, once this bottoms should see a powerful move up, smart money accumualting at these prices, selling is starting to dry up.
This was gonna be a quick in and out for me, i was up 12% on monday, but i got greedy and decided to hold for further profits, the interest was too high, the only thing that stopped the Short Squeeze on this was the Negative earnings report, other than that, they still have 80+ Million in financing, and with the hold on the antibiotics facility, they can spend more time with their project in brazil..
http://beta.fool.com/blackngold/2012/02/28/amyris-financing-proves-royal-success/2405/?source=eogyholnk0000001
Amyris Financing Round is a Royal Success
By Maxxwell A.R. Chatsko - February 28, 2012 | Tickers: AMRS | 0 Comments
Maxxwell A.R. is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.
What happened?
On Monday Amyris, Inc. (NASDAQ: AMRS) announced that it had secured $83.7 million in financing. The move came on the heels of a setback the company encountered while scaling its farnesene production process. During a conference call with investors on February 10th, CEO John Melo dropped a bomb when he unveiled the company would suspend construction at an Antibioticos facility in Spain to focus on quality of process in Brazil. This all but ensures commercial production targets for Amyris will be pushed back at least one year from 2014 to 2015.
What does it mean?
The $83.7 million in financing provides Amyris with the capital needed to overcome the hiccups encountered earlier this month. The financing consists of a $58.7 million private placement of its common stock to entities such as Temasek Holdings, Total Gas & Power USA, SAS, and Naxyris SA (an affiliate of NAXOS Capital Partners), as well as new investors Biolding Investment SA and a $25 million offering of senior notes.
Of particular interest to current or prospective Amyris shareholders is the investment from Biolding Investment SA, which is owned by His Highness Sheikh Abdullah of Qatar. It is always great to generate interest from investors with deep pockets and Biolding offers just that. In fact, upon meeting certain criterion at their Paraíso Bioenergia SA production plant in Brazil by March 31, 2013 Amyris will be granted an additional $15 million investment from His Highness. This would push the total financing to $98.7 million.
Amyris granted shares of common stock at $5.78 per unit, which represented the closing price of shares on February 22nd. The senior notes, due by 2017, are convertible at a price of $7.0682.
Foolish Bottom-line
Investors should take note of the relative ease Amyris had in raising financing. The heightened interest in the beaten-down company is also quite impressive. Should the company continue to make progress the senior note price of just over $7 will be a steal by the time 2017 rolls around. Although 2011 financial results missed Wall Street "expectations" there is certainly upside to Amyris shares. It may be a good time to add to or start a long term position.
Did you enjoy this article? Follow me on Twitter to keep up with my future posts on biofuels and energy @BlacknGoldFool.
In at 350 Shares @ 6.09, my stop loss was in at 5.76 but i canceled it. waiting for the bottom spike to hit, with PP0 at -16 and ADX at 40, this is setting up for a nice pinch, just need to find the bottom for quick play, This is more of a long term hold though, the company right now is valued at 8.16, so it is undervalued.
AMRS Chart
Picked up some on Friday, looking good today!!
Must be a consolidation day..
Gap fill on JASO time for the pinch
looks like we will see a three falling day here, bearish reversal, guess the bottom isnt in yet..
EVGI comming off bottom
NEWS:
http://ih.advfn.com/p.php?pid=nmona&article=49095088
EVGI comming off bottom
NEWS:
http://ih.advfn.com/p.php?pid=nmona&article=49095088
yes i know, i havent been trading any today, just watching, looking for an entry into something towards EOD, if COCO can hold this level here, could bounce next week.
This held the support line well!!
yes i know, chart will set up for another pinch at this rate, should pinch alott harder next time.
Shorts in control today
yea me too
nice bid support at 2.10, lots of panic selling this morning.
nice little bounce off the 5SMA
MM1s Shaking the tree this morning
theres another gap that needs to be filled around the 3.22 area 50% FIBS
This stock is a BEAST!!
looks like small retests of support and consolidation, getting ready for next leg tomarro..
naw i didnt catch that