Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
MB, I do not share the same emotional attachment to this stock as you do, and I don't think I have to apologize for that. Yes, I bought some when I first ran across it, because it seemed to be a good technical trade. However, the more I read about this company, the more things just didn't add up. So, guess what? I changed my mind. I traded my position and made 45%. That happens with stocks. Just because it was a good trade several weeks ago does not mean it is a good trade today. Do I really have to explain this to you? Now I'm waiting to see this "deal" go through. From all that I have read, this Berlin acquisition is just a lot of talk. Or, maybe you can tell me WHY this purchase is being held up.
An excellent point, Brungy, although I wouldn't expect an in-depth analysis of this issue here. While I have raised the point myself, I have yet to read an informed response to it. The facts concerning power transmission are very simple:
Berlin lies at the end of a "transmission loop" with existing powerlines capable of transmitting only 100Mw of power. Most people tauting this stock conveniently end the discussion at this point, as the situation seems adequate for Laidlaw's needs. However, There are several alternative energy projects in the works in this area. Access to these power lines is not shared. They are given to the first power suppliers who claim them--and Laidlaw is not first in line. Noble Environmental Power is in the process of developing windparks which will produce over 4,000Mw of power in this region, and they are the people who will be using the Berlin transmission lines. Construction of new transmission lines is going to cost a fortune and take at least six years to complete.
So, your question is well put. What investor is going to throw $100M at a project such as this when they will have to wait at least seven years to see any sort of return? This is just one issue among many concerning this project.
Oh... any news yet concerning the P&S? It's Thursday already. Aren't we due for some news?
hmmmm... ?
The vast majority of people in Berlin do not want the plant. It will only create 40 new jobs for them.
holds dont [sic] last any set timframe [sic]...
Yes, they do. I use Scottrade, I have talked to their brokers, I have had stocks flagged which I have been trading, and these holds typically last for about a month. It's a pretty dumb complaint, because if you can call and "complain," you can call and place your trade.
... before the news comes out.
Yes, the clock's ticking and where's the news, MBBLLEG??
I'm not saying it's not screwed-up. It IS screwed-up and they shouldn't do it. People should trade whenever they want. However, their actions do not prove conspiracy. This is all just dumb conjecture.
I'm not commenting about the price moves. I'm commenting on the "theory" that Scottrade is secretly positioning short and they are trying to drive prices down. Or, haven't you been following my posts?
its just sooo stupid doesnt deserve a response,
Right... I'm "stupid" because I can't see how obviously Scottrade is trying to manipulate stock prices for their personal gain. Of course, the FACT that you have NO EVIDENCE at all of this doesn't factor into things.
I'm "over the top?" Why am I "over the top?" The stock is moving down. What's the issue?
They AREN'T preventing you from buying! Why don't you understand that? You can trade it all you want, you just have to phone it in.
You have NO EVIDENCE whatsoever that Scottrade is trying to manipulate the price of LLEG because they're positioned short. This is just a complete fabrication. You're just trying to lay the groundwork for explaining why this stock is heading South. When this thing collapses you can just blame it all on Scottrade.
Online bans are a pink killer and Scottrade has no right to tell their customers what they can or can't buy.
True. I'm only commenting on the conspiracy theory that Scottrade is trying to drive the price down by doing this. That's just stupid. Scottrade is secretly planning on getting rich by trading LLEG? Are you kidding me??
SCOTTRADE SHORT ON LLEG
These people aren't idiots. They flag stocks to protect their customers. Your conspiracy theory that they're positioned short and are trying to drive the stock price down is just absolutely ridiculous. Who writes this stuff for you??
You are to funny and if this was the case they would of stopped online trades here weeks ago.
It IS the case. I have a Scottrade account and this happens every so often. It happened last month trading LTHU. You have no knowledge whatsoever of how Scottrade flags stocks.
If Scottrade feels that a large number of shares are being traded in a suspicious manner, if there may be price manipulation involved, then they require you to phone-in your trades. The hold on online trades usually lasts about 30 days.
First of all, thank you for the message you sent. As I do not have a paid account, I was unable to respond.
I simply ran across LLEG about two weeks ago while flipping through a bunch of charts in this sector. As this is the largest board on the Net discussing this stock, it was very easy to find. So, I have "been here" for about two weeks following posts and links. The board is very useful and through it I have picked up a great deal of information regarding this stock.
I like the stock and I like the company. There is no doubt in my mind that they are planning on carrying through with their business plan and this will be a successful company. I also believe that they will acquire the Fraser Mill as they have been saying. My only concerns are:
--Will they be acquiring it next week.
--If the deal is postponed, how will this affect share price?
--If there is a delay, should I have an exit strategy?
I am just as hopeful as anyone else about this stock and I am not suggesting anyone trade their position first thing Monday morning. All I am interested in at this point is what sort of Exit Strategy other investors here may be considering. While many people claim to be in it for the "long haul," we all know that this is not the case. It is also NOT unreasonable for traders like ourselves to simply discuss what sort of exit strategies we are considering. I have already mentioned mine. While LLEG has several projects, the recent rise in share price is clearly being driven by the promise of the Berlin acquisition "sometime next week." While you may consider long-term support for this stock to be very strong, I would have to disagree with you. There is an enormous amount of speculative interest in this, and should the Berlin Deal be postponed--again--you can be sure that people are going to be stampeding for the exits. In such a situation, you can take all the charts and technical analyses and throw them right out the window. This ship is going down if the deed ain't inked next week. Now, if you want to wait another couple of months for it to go back up--that's fine. I'd rather not have the capital tied-up for that long, waiting for LLEG to et their act together.
So, what's the plan?
Is it really possible that no one here at all has an exit plan mapped-out for next week? Is everyone on this board "in it for the long haul?" As much as I like the stock, I still believe there is a small chance for it to go South, and when that happens, I want to cash-in before things get really bad. And they could get really bad.
With that said, I wish you and everyone here the best of luck. The odds are in our favor and this could be the best play in a long time. Just watch out.
This is my last post on this board. I just received a threatening message from MMLLEG, warning me to shut up because he has my IP address "tagged" (whatever that means.) I really don't have time to deal with crackpots like that and I don't want to be concerned that some keylogger or some other piece of coded junk will find its way onto my hard drive because some jerk on a discussion board disagreed with me. So, you win. The board is all yours.
I have been very enthusiastic about this stock and I still am. I believe that these are serious professionals with a realistic business plan in a growing sector. There is also a good possibility of making a lot of money here. But, despite this enthusiasm, I am not yet considering this to be a "sure thing." Things in this world are not so cut and dry as you would like to believe. They have already delayed signing once and it is realistic to expect them to do so again. This does not mean we can't still make a profit. Deal or no deal, I plan to do well with this stock--and that's great. However, being able to make a good profit after they announce a postponement of signing the deal will require getting out of this thing ASAP. That's what I'm talking about.
Let me ask you, Gmenfan--as well as everyone else on this board--if Laidlaw announces a postponement of the signing on Tuesday afternoon, and the stock is trading at .005--do you know what you're going to do? Have you thought of that? Are you going to "hang with it, no matter what?" Well, I'm not. As much as I like this, if they don't come through with the deal they have been promising, I'm cashing-in. I don't let my attraction to a company and its well-intentioned business plan interfere with my business strategy.
Thankyou for the response, howzer; but I have read this:
Laidlaw Berlin, LLC, an affiliate of Laidlaw Energy Group, Inc. (Pink Sheets: LLEG), announced today that it has filed an application with the operator of the New England power grid, ISO New England, for the interconnection of its Berlin, New Hampshire, biomass energy project.
Again, this is merely a statement of intent, just as the "Mutual understanding" to buy Fraser is a statement of intent. This is merely an application. What is missing from this news story is any analysis of how much demand exists for more electrical power plants in the region. Companies which burn garbage as well as scrap wood have been around for ages. Look at these charts: WMI, RSG, CVA. The only thing "new" about Laidlaw is that they burn only wood. That's all. This is from Wheelabrator's site. They are a subsidiary of Waste Management. Look at what they do before you start getting all creamy about a 65MW plant which burns tree tops and pine cones:
Wheelabrator Technologies is on a roll. A subsidiary of solid-waste processing giant Waste Management, the company operates municipal-waste incinerators and trash-to-steam plants capable of converting 21,340 tons of municipal solid waste per day into energy. How? Wheelabrator owns and/or operates 16 waste-to-energy plants that burn solid waste to produce high-pressure steam; that steam turns turbines, generating up to 836 MW of electricity -- enough to power more than 900,000 homes. The company also has five independent power producers (IPPs) that combust a combination of trash, waste wood, tires, coal, and gas to generate about 230 MW of electricity.
And they're just a subsidiary of a much, much larger company--which is competing with other giant companies generating electricity by burning trash. So, people should be carefully weighing the hype about LLEG. They are rejuvenating old industrial facilities, but beyond this, it is not very new.
Be on alert, people. .005 is going to come quickly next week.
This company may have the best of intentions, but the MM's job is to gaff as many speculators as possible if he knows the deal is going to be delayed.
Don't fool yourself. This stock is being traded by professionals who loaded-up some time ago. We are now in the "Speculative" phase of the run-up, so it's natural to hear from the small-time day traders and others who are plopping down a couple of grand to see what happens here. One thing we DO know is that the company already knows exactly when they are going to ink this deal--if it is going to occur in the near future, such as next week. Let us assume for the moment that the rumors of "environmental concerns" are true, and that their next announcement will be that the deal has been delayed for another two months until they can work this out. Of course, once this announcement is made, the wheels are coming off and this thing is heading right back to 000land. It would be in the interest of the MM to walk the price up as high as possible before coming out with this, and there is something tantalizing about the .005 mark. This is the point previous run-ups reached and psychologically, people simply feel like "hanging on to at least half-a-cent." If we're going to get gaffed, I'm thinking that it's going to be right around this price point. So, my feeling is this: there will be no news this weekend and no news Monday. The stock is going to rocket-up to .004 and test half a cent on Tuesday. If by this time, there is still no news coming from Laidlaw, my finger is going to be hovering over the Sell Button all day long. If this happens, I would be expecting some sort of critical analysis to begin appearing on this forum. While I appreciate the optimism, we're in this to make money and not win popularity contests. We should be preparing for the worst, because if this thing goes South, there isn't going to be much time to find a spot in a lifeboat.
I am new to this board and I appreciate the information being shared here as well as the positive approach to everything. However, there seems to be very little skeptical analysis going on here, and this puts quite a damper on today's events.
There is a general misconception which I see repeated here, which is that the rise in share price is in itself, an indication that this deal is on the verge of completion. This is not true, of course. The rise in share price indicates that many people believe that this deal will take place. So, the recent rise in price does not mean this deal is imminent. What has me concerned is that after such a huge run-up, the week would close without the company making any announcements to its shareholders. I mean, here you have all these people buying your stock--all on the promise that you are going to close this big deal any day now--and the week closes without even a muttering of when exactly this is going to happen. Certainly, if it IS going to happen next week, then they would know about it NOW. The "News" section of their website is still "under construction." What's up with THAT? They have an entire website (greenenergyfacts.com) devoted to answering questions about the Ellicotville situation, but they can't even get their "News" page going on their own website to keep investors up-to-date on the progress of the Berlin deal. Then I come to this forum to find little to no skeptical analysis of this situation. Yes, there is plenty of good technical analysis, and I appreciate that; but this has no bearing whatsoever on the status of this deal. Red flags should have been going up when trading ended today with no announcement at all from Laidlaw. I would like to know if anyone on this board has any hard information concerning the progress of this sales agreement.
I'm in and I have a lot of faith in this stock. So far, everything has been Good, Good, Good. However, just to satisfy my skeptical side: what happens if this deal doesn't go through? Or, put another way: What is the best source of information confirming the closure of this purchase agreement? Yes, we have press releases from the company, but has Charlie Bass gone on record with anything? Pray for the best and prepare for the worst, right? If Monday rolls around and news comes out that the purchase has been "delayed" for some reason, that's going to look very bad.
I don't mean to be the turd in the punch bowl here, but anything can happen.
Here's another great number for all of us to be following:
The price of oil, which has smashed the $100 point and is moving up at $105/barrel today. As we know, this number has doubled over the last year, and the higher it gets, the more viable (and profitable) projects such as Laidlaw's become.
I hope oil prices go through the roof. Pray with me.
And there's the Money Shot ;)
Bought more at .0026. Could be my last chance at this price.
Great show by LLEG in a market which is now off 210 points!
Greetings, fellow Llegsters!
Have been following this forum for a while now and appreciate all the great information-gathering you have done.
We're in the best stock in the best sector, and lift-off is commencing as scheduled! This is going to be a great day!
Wow! .0027! And the Market if off by 140!
Great relative strength.
Going to break .003 by closing.