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It's been a while since I have looked at NXT.v or this board, but I see the same old cheerleaders/bagholders/paid pumpers are still here cheering every piece newsflow out of this company.
I sold my stock well above a dollar last summer and despite being criticized for doing so I am very happy to say I no longer own shares of this company.
The technology is still promising, but judging by the last new release the company is still in desperate need of capital and a long LONG way off from any commercial success.
This should be a lesson for all those invested, Natcore's management takes enormous salaries while shareholders suffer by being strung along with glimpses of revenue being just around the corner, what a farce.
Get out of this stock and wait till they start making sales. You wont miss the opportunity for huge gains, believe me.
Good luck.
Utility scale CPV is probably not the market bSI panels with Natcore's technology would be focused on. I would think their market would ideally be a more consumer/retail, and commercial market. So I don't consider a company tageting Utilities to be competition.
Nate -
I'm not short Natcore, so I'm not "talking my book."
I'm talking sense.
You on the other hand don't make much sense, to me at least, nowadays.
You come off as a knowledgeable poster with your technical jargon and purported 22 years of technical experience. But a lot of good that did you and those on this board in July when you were pumping this board full of baloney with your talk of hyperbolic moves on THE DAY it peaked, followed by some vagueries.
"Don't sell on the front side of a hyperbolic move. Generally."
How many times did you use the term hyperbolic in the first 9 days of July, I lost count, maybe you can fact check that for me as well, since you seem to be keeping track what I'm saying so well.
Then you have the audacity to talk about "dumb money," as it relates to Hodges newsletters.
Well I'm going to remind you and the board of a few things you said on the days this stock was making its 52-week highs.
You were pumping the Hodge newsletters more than most on this board...do you recall saying.
"NICK HODGE UPDATE !!! Just today, He has INCLUDED SAUDI ARABIA
AND INDIA IN HIS RECCOMENDATION OF NATCORE.!!! What's Next??"
(I mean look at that CAPS ON THAT POST)
This was my response to that absurd notion that the Saudis had some interest..."As it relates to any Saudi interest, I would be wary of this bit of newsletter propaganda, as the Saudi's are the least exposed electricity costs related to running PCVD furnaces. And it is exactly why the Italians are interested."
Or maybe this one...
"I would point out that these imagined buyers would be of higher quality than the typical newsletter john. "
You weren't calling them dumb money in the nascent days of July when Natcore was rocketing, quite the contrary you were effectively calling them smart money.
I got news for you the smart money took there profits already.
But maybe you know that?!!?
I have my suspicions..
It was the warrants I was thinking of expiry Dec 11th.
Neither here nor there Nate, just one of the many factors contributing to the decline.
Did someone say bounce? Duly noted.
Your welcome Mac, I'm just trying to keep things in perspective.
I understand your point of view about catching an initial pop, many investors think they need to be in at the beginning in order to really profit, I think that is largely a fallacy.
If Natcore really can commercialize their technology and have it become the dominate process in the solar industry, than there will be many years of gains to be had as they go from negative earnings, to earnings growth to free cash flow growth, etc.
I want to make a lot of money just like the next guy, but you have to take some profits.
I will say this, there is some support at these levels and it wouldn't surprise me to get a little bit of a bounce here given the oversold nature of the stock.
However, I ultimately think the stock will test last years lows around .40c.
There are many logical reasons for the stock to tank.
#1 The company has floated sales timelines that continue to be missed, shareholders typically don't like that. I know I don't which is why I have sold 99% of my position, I am sure I'm not the only one either.
#2 The company essentially has now stated that the earliest to expect sales will be sometime post-BSI ARBox, next quarter. My guess is 2Q13 at the soonest, why hold onto a stock when the next major catalyst is many months away?
#3 Depending on the cash burn, we can expect dillution at some point next year. Who wants to be dilluted anymore than they have been?
#4 MOMENTUM/FEAR, selling begets selling, simple behavioral finance.
#5 Tax loss selling, tis the season.
It's never too late to sell, you will be able to buy lower. Sell now take a tax write off, and buy more stock at lower prices.
I don't fear an upside move, its the downside support thats worrisome, millions of shares traded above $1, we have yet to see major selling, but we will. And if you think this is ugly now, just wait.
That's when I will be scooping.
I've been long Natcore for years now and I was more than willing to let it go. Also there is a rush to sell especially for options holders at 0.60c that expire on the 13th who hadn't converted as of the last Sedar filings.
And I completely disagree on the volume, the past 5 days the volume has been above the 3 month average, and significantly so.
The next bit of good news we can expect is the NREL tested cell, hopefully they knock it out of the park.
But I am waiting for lower prices over the next 3-6 months.
Sell now, and stop the pain, this could easy break below 0.50c and more given how many shares traded above a buck.
Hopefully some investors on this board have heeded my advice and rung the register for a gain.
You'll never go broke taking profits, don't fall in love with your stocks especially highly speculative ones like Natcore.
Natcore about to PUKE, sorry guys this thing looks like its going to much lower this afternoon, only up a penny now.
Natcore hasnt made a new high in about 6 months, and press releases since the financing have had diminishing impacts on the stock price, like TODAY for example.
I would highly recommend trimming some here to save yourself some agony over the next 3-6 months, and buying back when it goes below 0.60c, which it inevitably will over the coming months as we wait for an announcement about the new bsi-ARbox.
Just being honest, love the technology, but the wait time for an actual product just got much longer.
Full Disclosure: I now have under 350 shares down from around 30k. My average price on Natcore was around 0.59c although I did buy some lower than that.
This last press release was clearly aimed at those options holders with an expiry of Dec 13 2013 and weak handed longs that could be persuaded hold on just a little bit longer so that insiders could dump their options at a better price.
Clear manipulation by management through a press release. I mean stock is off over 20% in a few days so management puts out a press release, pretty obvious to me.
Anyhow, I hope that they can get the ball rolling with Black Silicon, would be good for the world. And I hope I can get back in before they make some REAL news.
Good luck holding this stocks, it will be going much lower over the coming months.
A gift to options holders that are expiring on the 13th, I am dumping more here, NOW.
I sense that some investors here are finally coming to terms with Natcore's inability to forecast critical technological milestones.
I trickled out of a little bit more today because I see sentiment souring on this board and anticipate more souring as the stock test lows and investors that purchased above a buck decide to get the hell out.
It's highly unlikely that they will announce sales of an AR Box this late in the year, as most industrial's are putting off capital expenditures until next year.
I also think investors will be running for the hills, although wrongly, when congress is unable to come to a compromise regarding the fiscal "low-grade slope".
Im freeing up some cash to buy the dip come January and bought some SPY Jan out of the money puts this morning.
As for Natcore, I still think the technology is very compelling but as I keep saying, there is always room to profit in the long-term if they can really bring black silicon panels to the market.
I'll buy some lower, if it gets there.
On the technical front the stock has made lower highs since July.
Without an ACTUAL machine sold to an ACTUAL company the stock will not see new 52-weeks highs.
Natery, where are you at?
There are 1.5 months left in 2012, management floated the notion of revenue in the third quarter its now halfway through the fourth quarter.
PP shares are due to be freed up next week.
Investors are a bit jittery because of Europe, US Fiscal Cliff, overall macro-weakness, and lackluster earnings projections in the US because of all the above.
They also see short term opportunity, like myself. I was swing trading some WPRT, CTXS and FB.
Bottom-line is the company has yet to deliver revenue, despite progress in the lab, and the stock is selling off.
Thanks for the insight there, probably a combination of those pipe shares, tax season and general market fears.
Looking like Natcore going to close the gap back down to 0.80c or at least test the 200dma at 0.85c. Looking for a new entry point lower and happy to have taken some prints.
Stock is absorbing this sell volume pretty good.
Sarah Palin is featured above Marc Faber on their page at an investment conference for christ sake(https://jeffersoncompanies.com/new-orleans-investment-conference/home). That's pathetic!
I dont hate any ideas that arent mine, I just cant sit back and let people say ignorant things without injecting some reality into the conversation.
Tetra Suns mention in the presentation is interesting, did anybody call tetra sun and ask about their relatioship with natty.
You can stand by that projection all you want but its absurd to think that Natcore will be a 3.8bln company in a year, you arent living in reality if you really believe that.
And I hate when companies offer revenue projections without a dime in sales...RED FLAG!
I haven't been out of the stock, I trimmed my position significantly from June-July. I sold stock at 0.68, 0.79, .90, .98, 1.20, 1.36 and 1.49.
To be frank I did not expect the stock to be so buoyant after the massive run it has had, but I leave about 5k shares so I'm still happy.
Would I like to have sold it all at the top, sure, would I like to have all my shares right now, sure, but that is the benefit of hindsight. I took my profits and I am content and am still up well over 100% on what I have left.
I am not inclined to buy back in at the moment and I certainly haven't moved on, the story is just too compelling but I remain cautious given some red flags that I have noted on the board.
I am also not waiting for a drop to get back in, I would only increase my position at this point with concrete sales to a top tier panel manufacturer.
There will be plenty of time to own this stock if they start making sales of the AR Box or whatever the hell they are calling it these days. Will I be buying it higher, absolutely, but the stock has the potential to be up many hundreds of percent over the next few years if they take significant share of the solar equipment market and are able to capitalize on other oppurtunites. (BTW I think an interesting comparison would be to PANL given the techology and liscencing structure of that company)
As to where the stock is by the end of the year I don't believe that to be very relevant and I am not going to play the guess a number game.
I do think for a lot of shareholders the situation is binary as management has once again provided a whisper number for when we can expect to have sales and many investors have made the end of the fourth quarter their benchmark for whether or not to hold or sell based on that guidance.
It's important to be realistic about what we are dealing with, a highly speculative VC-like company for which the odds of success are in the single digits.
I remain long but cautiously so.
Thanks for understanding KungFu. But don't get me wrong I don't think their technology is somehow illegitimate, what I think is management is over-selling the commercialization of Black Silicon.
Granted management needs to generate interest in order to raise funds but what I see happening here and now is that management is dealing with the difficulties of developing the technology for commercial production.
And instead of being forthcoming with their difficulties, which would obviously effect the stock price, they are readying investors with new purposes for their liquid deposition technology by essentially whispering that they are getting all these requests from many companies about LPD.
This will eventually lead to new LOI's or MOU's with companies that will just artificially boost the stock while we are suppose to be waiting for sales of LPD production equipment. Seen it before and it looks like its happening again.
Also with regards to Lux research, I view this as another red flag. I think Lux is just a pump and dump "research" firm that does horrible work.
If you don't think so do some searches on Raymor Technologies and Lux Research, bunk!!
The two independent analysts have said the commercialization could happen by years end because that's what management is saying and not for any other reason.
I'll tell you I'm really getting tired of the story here, commercialization has been on the horizon for about 4 years now and I am becoming highly skeptical of managements guidance on that.
While Provini and the rest of management collect their fat checks the technology continues to languish in the lab all while giving lip service to investors and the rest of the street.
I have seen this act many times before and it rarely ends well, I still have some stock left after selling on the way up but I don't like the what has transpired after the PP.
They pumped the commercialization aspect prior to the PP, and then months later hire somebody to assist in that effort, thats a load of crap.
And now management looks like its getting ready to pull the old bait and switch by introducing the new companies that are interested in using it technology.
I can see it now while we wait for Absolute Black, they will be pumping the stock with other prospective technologies while that falls silently flat.
I really hope what I have said does not become true, I am merely trying to look at this thing from some different angles, and I have been in the game long enough to know what can happen with these speculative companies.
3rd Annual Bright Lights conference on September 9th-11th 2012
The new hire makes you wonder how close (far) we are to commercialization.
wishful thinking
Black solar is far from given, we are talking about cutting edge technology NOTHINGS GIVEN. This is called speculating if it were anything more that that this stock would already be listed on a real exchange.
25,000 options excersized at 0.40c and sold in the market, I don't think thats a message, thats more like vacation money
I got some more off on Monday and Tuesday although not as much as I should have in retrospect.
As it relates to any Saudi interest, I would be wary of this bit of newsletter propaganda, as the Saudi's are the least exposed electricity costs related to running PCVD furnaces. And it is exactly why the Italians are interested.
That being said...Black Silicon economics trump all these costs any way so one could speculate all day on interested parties.
If this thing starts trading below a buck this afternoon, might blowout of some more
Sold some chunks this morning, wont sell anymore until we reach 2011 highs, good luck everybody.
Naterey,
I am not dogmatic when it comes to looking at the technicals, but this looks like an island top to me, not the start of a hyperbolic move.
But if it is hyperbolic, I have enough shares to smile on the way up.
I am not giving up, I'm just being a rational investor with enough experience to know better.
The stock is up 180% since the March lows, you take some off the table, I think you are being foolish not too especially if you have such a "substantial" investment.
The fact of the matter is, if you believe this stock is on the verge or revolutionizing the entire solar industry then even after initial sales you will have ample time to get in, even if you are buying higher, and still make amazing sums of money.
I would also add that if we fail to make a new high here soon then this stock has been in a long term sown trend since it made it's historical high in May 2010 at the 1.55 level. Just draw a trendline connecting May 2010 high with March of 2011 high with Tuesdays high and there is your resistance. Anyhow I digress.
I said it before I'll say it again, I'm a seller again today my stock will be for sale at .95c if you want it and after that I will have trimmed my position by 60% once I do. I dumped my 30k of this stock last May and bought back lower, my experience is telling me to do the same again.
I've been a bagholder too many times in the past to make that mistake again, that's my 2 cents.
It didn't drop much today, in part because the US markets aren't open, but just because it isn't taking a dive in the session after the PP doesn't mean it can't happen over the next couple of months.
I will be a seller again tomorrow.
Teq
If the PP is indeed priced at .60c then anybody participating would short the stock at any price above that and lock in their profit immediately its called shorting the box.
When the shares become free in 4 months they cover their short, they aren't risking a dime, the real risk comes if the stock trades below their 0.60c price NOT if it trades higher.
This is the way the PP's work in penny stock land.
I would be trimming again today but since I own the US reference security I cannot, but first thing tomorrow I will dump another couple thousand shares.
There is no question guys that participated in PP are shorting the box, buy at .60 short sell at .90 and you've locked in a guaranteed profit. Thats how the smart money makes money, they aren't waiting to make 10x their money, they'll take the guaranteed 50% return, and so will I.