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Sold 10.44 try again at 10.25
Contago is starting to decrease
We are going to enter backwardation.
Saw this article-
https://www.bloomberg.com/news/articles/2021-04-08/giant-vix-options-trades-bet-that-stock-market-calm-won-t-last
we aren’t the only ones eyeing these cheap hedges. Remember folks, out of the blue this thing could spike over 100%. I’m not sure if the 10.30s is where I want to be - I think I’m 30 days too soon on this but right now I’m looking for a short term gain to buy more under $10. I haven’t even gone big yet but I’m targeting a week or 2 then calling my entry and holding. There is a good chance we’ll be able to grab some of this in the 9s but also a good chance now is the time. Not likely to hit 8s before this overbloated pig of a market gets carved into a honey ham but markets can remain irrational for a long time as you know.
Fundamentals have clearly left the building and that means VIX fundamentals have also been skewed from the norm as well.
Good luck to all trading this!
Let’s try this again @10.34
This is one of those you need to buy and hold and don’t worry about the price. I’ve said this before, they are blazing a trail in a multi trillion dollar market with very few competitors where they are now and they’ve already got contracts signed along with dozens of patents. This is one of those where you’ll forget you’ve got them in your portfolio then bam! Trust me on this one....and I can’t say that for any other stock. These guys are the real deal and they have a product that’s in the need to have category - not the want to have category.
I’m going to go very big on these guys.....right now I’ve got 50,000 shares but am looking to buy in chunks of 10?000 at a time but not just right yet. I’ve reduced almost all of my positions but this one I just keep slowly adding. And I’m taking the money I have in cash from reduction of my other positions and I’m waiting for the right time to take a very large short position. So far I keep losing small chunks of cash on my short attempts but I know one of these days I’ll hit it...probably around mid summer.
Anyhow these guys have a lull in their schedule right now prepping for production and commercial sales but if you want to see their schedule just YouTube their general meeting in December of 2020 or if you search for it on google they’ve got a pdf ....in one of my previous posts I provided a link. I honestly can’t remember what’s next but I just know these guys are a gold mine flying under the radar.
Good luck and good hearing from you!
Sold for small loss will try again after earnings hype
Yes
And just bought some Vxx at 10.72 today, last few times I had to take some small losses but just waiting for my entry to pay off. Market seems to be climbing indefinitely- prices aren’t even real anymore, everything is a complete gamble with absolutely no fundamentals in place. Just waiting for that special moment when the market finally realizes it’s a house of cards just waiting for that right moment to yank the table cloth.
I’ll probably be taking another loss on this but I can’t help but keep trying- just glad I didn’t get in at 13
Next Thursday evening
I’m expecting this to be in the 12s or 13s and will be taking a significant position at that time if my 12-13 $ entry point holds true by end of next week.
Decided to buy back at .45
From when I sold at .65
In at 14.75 out at 16.30 today
Still waiting for that drop down under .50
Looks like $13s is about right to load
1 more day
Of the offering. Supposed to end on the 24th.
I keep waiting for this to drop back down to the lower 50s or 40s but it just won’t drop. Maybe after the offering but hard to believe it would drop after. That said it was also hard to believe it went up when the offering announcement came out.
Counterpoint
I’ve never invested in anything right when the iron started getting hot and made big moves. If you want to catch the wave, you’ve got to get there before it comes.
I can’t imagine what this will be 18 months from now. Assuming no end of times incidents, anything less than a $1 would be quite disappointing.
I think this will be in the high 1s maybe even as much as the $3 range in 18 months.
Just bought several hundred at 7.32
Will see if it leads anywhere - s&P is currently at 3,909 - unbelievably high.
Starting to look like a buy again...
Price action has been off the hook
I noticed after hours the ask jumped to 3.40. Last time that happened the ask jumped to 1.20 and someone actually bought it, then it crashed back down and took a slow dive into the .40s. But if that is a peek at what’s to come tomorrow or later this week, the ROI is unreal from its current valuation in the .60s. I’ve been slowly selling 1,000 shares at a time expecting a pull back - I sold 1,000 at .65 today and I’m down to 31,000 shares now, waiting for the price to drop so I can buy more, but I’m starting to regret selling now. Ive decided I’m good with that and I’m holding the rest.
No problem
I wish I could be more help with advice on where the price is going tomorrow (whatever I’m thinking just do the opposite) but I can tell you from a technical standpoint even if you got in now, it’s not going to matter much when we get to production.
I dumped another 1,380 shares at .60 today just in case this pulls back. I’m hoping to put in another big order in the lower .40s as well. I know I’ll probably regret that decision but I’ve got to go with my instincts on this.
Ya, wait for now
Thanks
Good point it’s not really clear if they meant US or Canadian because they didn’t call that out explicitly. But certainly seems like it would be Canadian dollars. Good call on that- so now I’m left scratching my head on the price action today. Normally this sort of move would cause downward pressure but as one poster pointed out in that site you provided, perhaps people don’t mind paying a premium. But if I were to guess, I’m assuming this will go back down in the coming weeks- but I’ve seen this before where the price gets pumped up after a private placement then comes back and settles. So hard to get it right.
And thanks for the extra resource- reading through some of the negative comments, there is clearly some confusion and unjustified views. But looks up to date so I’ll definitely be taking a look at that regularly.
Aha - offering is at .54
This is why
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/zinc8-energy-solutions-announces-upsizing-143400986.html
I did not see this before my previous posts this morning
Price action today
Is completely opposite of what you’d expect. It’s almost like they are all cashing out today in preparation of buying back lower - these guys are extremely tricky. My best advice is to buy based on the future. If you get in at current levels and it tanks, would that devastate you or would you be able to ride things out? Because I guarantee this thing is going over $1 I just wish I could tell you when.
Excellent read
I found this a few weeks back and I wanted to share it but couldn’t find it. Anyhow I finally found it again and this does a great job explaining the company background and plans going forward. It kind of summarizes the general meeting they had back in December 2020 but also gives more overview - best summary I’ve been able to find on the company so far. You’ll notice I was mistaken about the warrants in my last post - and I was also mistaken about the 75 house PR, apparently they already released it but it kind of went under the radar. I saw their very short and unofficial YouTube video on it, but never saw the formal PR until I noticed a link to it from the presentation below.
So all of the reasons why I thought the price would go up in the near term are out the door and to be honest, I now have no clue what to expect in the near term - but clearly there are bigger catalysts in 2021 and beyond per slide 17.
https://www.zinc8energy.com/media/downloads/presentation.pdf
I notice today
The bid and ask are set pretty far apart with the price in the middle (more closely hugging the bid side). I think they might be trying to enforce the stock price to stay in that mid .40 area for now by pegging ask at .60. I notice the article stated they are going to close the offering on the 24th of February. So I’m thinking the price will gradually get lower as we approach the 24th and come March it may bounce back into the he 50s and 60s and maybe even higher because I think there are warrants that expire in March which will also likely force the price higher as people start exercising their ability to execute their warrants. In fact, this is exactly why the stock raised from the 30s to where it is now....same pattern.
So if I were you I’d try to buy 33% of your allocated funds for Zinc8 at the .455 bid right now, Then wait and see if you can keep buying 33% more at a time - where every Monday till the 24th, you get up in the morning and put in a buy order at Mondays bid price, and if it doesn’t take, just try again the next day. And if it does take, wait till the next week till you buy 33% more. But if I were you, I’d at least try to get in fully or partially loaded by the 24th.
10,000,000
They want to raise up to that amount there’s a few sources if you Google zinc8 you’ll see it. And I may have been exaggerating the drop in price, in fact it could even go up depending on what investors and terms they get. But I can’t see any reason this will close above.50 tomorrow so you will likely be able to get in the lower.40s.
I’ve been kind of expecting a formal PR regarding the 75 house when the PV gets integrated, thinking that might give a short term pop somewhere between.80 and $1 but I don’t think that formal PR is going to happen. Owning this stock right now is likely going to take a lot of patience, maybe even more than most can take especially if you’re fully invested and not liquid enough to buy the dips. But man is it going to worth it when they get into commercial production. And they already have their contract set in place with the New York power authority so it’s just a matter of waiting this thing out finding that right entry point and coasting.
Back to the 40s and maybe even 30s
They just issued news at close of market today regarding a private stock offering. I’m definitely going to take advantage of that dip.
Very interesting range today so far
Volume is very low and bid is staying at or above .50. Maybe I’m looking too deep here but I think we are about to see the .60s again soon. If this holds all day without any purchases in the .40s, the .60s become more likely.
Got pretty low today
Hard to time those big drops
.40s are starting to get penetrated.
I dont think it will get back to the .30s even under turbulent market conditions but I said that to myself back when they were in the low 20s during the heart of the pandemic and they went all the way down to .12 or something like that even after recovery for the rest of the market was happening. But that was because they were raising money. I think it could get down to the low .40s and a very good chance you’ll be able to grab some in the mid .40s. I saw it hit .47 and more recently .48 so getting in at that price is a very good possibility.
I also think with all the trading activity and hype with certain reddit crowd stocks, because the volume on this has been so low lately, you might run into someone wanting to drop their shares and get out so they can make bets elsewhere and they may do so at a price much lower than the current price point. If I were going to try and get in next week, I’d throw in a bid somewhere between .40 and .45 before market and see if it takes.
Good luck
Good question
They do have some joint ventures in the works already for example this manufacturing one with Vijay electronics. And they are just getting started after being in a research and development phase for years now. I think a lot of doors are going to start opening allowing for more relationships to start building.
Regarding leasing, that could be an option but it definitely complicates things. One reason Photovoltaics companies got into leasing especially on the residential side, is because it allowed average joes to bypass the large upfront costs. But when you’re primarily dealing with commercial customers, it’s much easier to sell them a product and let them deal with the financial aspect of purchasing without having strings attached other than a maintenance contract. In fact even with photovoltaics, the cost has come down enough now where financing the ownership of a system is becoming a better option than leasing.
And the customer that Zinc8 will be dealing with as they take their baby steps into production will be the New York power authority. So this system will be owned and operated by the New York power authority out right (no leasing). And as they gain traction in this market, its these utility companies across the country that will be the target audience for their product. However, now that they are in the New York building code, architects that are designing new projects are going to have to incorporate energy storage into their building designs and these zinc8 batteries will be a purchased item. So in other words, their audience is in the commercial realm where these systems will be purchased out right by the owners of the facility.
That said, as they grow I can definitely see where various commercial buildings may need to be retrofitted with an energy storage device (like Zinc8s battery) and some building owners who are strapped for cash might find a leasing agreement appealing. So to your question, yes perhaps in the future as their customer audience starts expanding I can see this as an option. Additionally for their micro grid business- perhaps some customers would consider a leasing option as well. But these leasing agreements can be complicated and require additional overhead and/or processing that makes things inefficient. It seems to me they would not be considering this in their business model at this time but definitely a good question to ask their investor relations team and please share if you take the initiative to ask them the question.
Short sellers are in this big time
This thing wants to move up but short sellers are throttling this thing back hard. I sold when it broke that 2.25 threshold. Too bad, great opportunity gone sour. Might get back in if it goes lower but hope the longs get their reward. Good luck.
No problem!
I was not previously an MGX investor but I think most people seemed frustrated with their management. But this spinoff in my view has excellent management. In fact, aside from the 20+ patents and great technology, the management team is the biggest reason Ive chose to to take a long position in zinc8. I love the fact that they give investors a view into their world that seems to be a level of transparency and closeness that I honestly cant say I feel I have with any other company I’m invested in. Getting in at the ground floor here and getting the chance to grow with these guys is really awesome - you just know you’ve got something good.
I really do think this stock will test the dollar level at some point this quarter (assuming covid and other global factors or domestic factors don’t crash the market which is not a good assumption). But even if they dont test a dollar, there is a very good chance they’ll be up in the .80s at least this quarter.
And that car battery video I posted a few posts back - if that is true and they partner with Vijay electronics to design a zinc-air battery for cars - thats a whole new dimension. I have my hopes that its true, but I kind of doubt it because I just dont see how they can focus on all of the things they need to get done with their core product AND design an entirely new product line at the same time.....the current team just does not seem big enough to support that. But definitely an exciting possibility for sure.
Disclosure I did sell 4 thousand shares today at .54 to take some profits and reduce some risk. They are entering a lull in their schedule (pending other news) and will likely need to raise money.....and with covid etc going on, I just dont know how long we will be bouncing around between .45 and .65. If they drop back to the low 40s Ill probably buy some more but Ive still go over 36,000 shares so I’m good with that.
Keeps bouncing off 2 and a quarter even through after hours.
This thing came on my radar after a news report weeks ago regarding the CEO talking with the Biden administration. I added it to my watch list and it caught my attention initially, but it then really caught my attention this morning. I notice it has hit 2.25 about 4 times now since around closing hours - just wont drop below 2.25. Thats a strong sign to load up given where it came from this morning - would love to ride this thing back up to 3 overnight. Unfortunately the bounce has had trouble holding the 2.40s AH making it a very difficult play.
I might just grab a 1000 shares AH and see how this thing does...
MGXRF (Zinc8) $1 soon
This video implies Zinc8 might
Consider making zinc-air batteries for electric cars
Fed is excuse for mms to sell off
While everyone else sleeps. It’s bull crap because everyone has known about the fed for weeks now and it is highly improbable that policy is tightening now. Just an excuse for big fish to make more money as earnings continue this week.
That said I knew this was a good possibility but decided not to get back in last night. I would not take a position now though because as soon as fed comes back and gives reassurance- market will come right back. Would have liked to sell this gain though and turn around and buy more of the stocks I know are going to make big bounces.
Just missed the gap up by a day. There will be plenty of chances after earnings though. Just so hard to time this right.
This company is a complete scam
First it’s over the counter. They have to do very little to get listed. This is not a red flag in itself but the risk goes up. Second, this company has zero and I mean zero information on their bike other than words that describe that it will be an electric version in the likeness of some previous bike. No information has been given to indicate very basic high level specs like what’s the range? How does it get charged? How fast does it go? Etc. they claim in one of their PRs that this information is to be kept on the down low and will be disclosed at a later date but answers to these basic questions is not something they need to keep quiet for trade secrets reasons. What a bunch of BS. Additionally, the ceo is stated to have a bronze star, that’s an award that cannot be easily verified unless you have personal information. There are sites where you can look up bronze star recipients but they are not in simple list form making searching for a specific name too tedious and they aren’t complete.
The pictures on the website are way too basic and there is a chance those pictures of the ceo are completely fake. Who is Randell Torno really? Has anyone seen him give a single interview? And that recent interview did not come from a reputable site and was very likely a made up transcript - it read like a non-English speaking scammer was trying to sound like that’s how people really talk.
The revolt token is completely bogus...a digital coin that has no market for any exchange- tell you what, give me your money and I’ll print you out a certificate that says you own X shares of my company and the certificate will say your shares are worth $100 a piece to make you feel good. Those pictures of the revolt token team in Argentina are hilarious. Like that should give someone enough confidence - apparently it does but only for idiots.
And lastly, can someone tell me how someone in Africa that wants to give people rides in the African boda-boda market that doesn’t even have two nickels to rub together can afford a 12,500 bike? Or what person that could actually afford one is going to move to one of the highly sought after luxurious locations in Africa where people are at constant war with each other and face oppression and face numerous deathly diseases on a daily basis - all so that they can become a boda-boda driver and give people rides on their brand new $12,500 revolt motorcycle? And have you asked yourself how much tesla initially charges their customers to make orders before getting a new Tesla delivered? I’ll tell you this much- it’s not 50% of the cost of the vehicle.
I’m glad some of you are making money now and if you know this company is a scam but still are trading anyhow, well at least you know. But if you’re going all in and expecting early retirement- whoops, you are going to be in for a big surprise. And I guess the only good thing that might come out of this company is that it is a scam run by opportunistic Africans who have faced starvation and oppression their entire lives and are finally making money off ignorant people in developed countries. But I doubt it, probably just another privileged set of white guys getting richer without having to be held accountable, using the hope of helping oppressed Africans as their fire sale.
1.23% loss; no gap up; try again late Friday
After tech earnings week
So you actually predate my investment
Since you had a position in Mgx because I accidentally found out about Mgxrf because one day 90 shares showed up in my account and I had no idea how they got there. I think my broker ended up giving me some money for a mistake they made in the form of a security. When I looked into them further, I saw their connection to mgx and saw they were breaking off into their own company. When I learned of what they were doing I immediately took a position. And I’ve been adding at various levels ever since.
Anyhow- good luck and let’s hope they keep going up
Hi drobx,
Yes you can use the zinc8 battery to power your home while the grid is down. Yes you could power your home from it. So it definitely would be useful to power your off grid residence. But you could not use the Zinc8 battery alone. You would have to have something charging it in the form of photovoltaics (solar panels), wind, or perhaps a combination of solar and a diesel generator with auto transfer switch when the batteries need charging and the sun isn’t out to stimulate the Photovoltaic modules. And depending on if the loads in your house are DC or AC appliance will depend on whether you need an off grid inverter (if you have AC appliances) or a DC to DC converter (if you have DC appliances) and yes this would be an additional expense - for example, zinc8 would not be providing those inverters or converters that integrate their battery into the residence “system” level electrical system. And Because AC appliances are usually more available, people with off gird applications usually go with an off grid inverter. And you can hook up your battery (Zinc8 or any battery) to the off grid inverter and the Photovoltaic wiring would also go to that same off grid inverter. The output of the inverter would go to the main panel that feeds your off grid residence and the loads within it. And how much capacity you get out of the your battery (again Zinc8 or any battery) would depend on its size. And you determine the size of the battery based on the loads in your off grid residence and the days of autonomy that you need. Days of autonomy is the number of days you would need your battery (or battery bank) to provide power to all your loads without needing to be charged. So depending on how many lights and appliances, etc you need to power, and how many days/hours in a row you want your batteries to provide power, will depend on how big your battery needs to be. Usually days of autonomy is a number around 3 and maybe up to 5 days - and the reason you dont usually need that number to be 7 is because you should be able to count on solar array to be enough to provide as a good charging source most of the time - but just in case the sun doesn’t shine for 3 days straight (for example) you’ll want your batteries to be able to handle the loads in your residence until that sun comes back out....and typically you’ll have a small diesel generator as a backup for the solar in case the sun doesn’t come out for weeks. By the way, a little cocktail party knowledge for you....solar power can be in the form of photovoltaics or wind generators (which both Biden and Trump have erroneously referred to as wind mills - wind mills are typically used for pumping water from the ground, whereas wind generators convert wind into electrical energy). Also, technically speaking, we dont say “solar panels” and instead we say “photovoltaic modules or PV modules”. There is such thing as a “solar panel” but its not what the general public thinks a “solar panel” is - the general public says “solar panels” and from a pure technical standpoint, they should instead be saying “PV module” or “photovoltaic module” and not solar panel. The reason is that a while back, builders that needed to hoist up an entire row of PV modules pre-strung together on the roof of a house would refer to the entire row of pre-strung PV modules as a “solar panel”. But now-a-days that pre-strung row of PV modules is just referred to as a “series string” and you may have several series strings that get tied together in parallel with a combiner box which form a “solar array”. So the hierarchy is PV cell — PV module — PV series string — PV array.
Anyhow, the above description I gave you is an example of how you would integrate a Zinc8 battery into your off grid residence - but just know that you could use that same concept with any battery not just the one Zinc8 is making...Yes it is true the Zinc8 battery is much much different than a typical electrochemical storage device like the lead-acid battery in your car or the batteries that typically make up a battery bank for a residential off grid system. But in the end, the Zinc8 battery is just that (a battery) and you would use all the same concepts above to determine the capacity needed to power your residential off-grid load.
All that said, the residential market segment is not part of Zinc8s business plan. They are strictly designing their battery for micro-grid, battery backup and utility scale applications that are way way bigger than any typical residential off-grid applications. And they are targeting 8+ hour applications (even 12 or more hours depending on the size of the battery), meaning they are designing batteries that are capable of delivering daily energy on the order of 100s of kilo-Watt hours or even on the order of MegaWatt hours and possibly even GigaWatt hours as they go forward. That’s way more than any typical off grid residence would require but would be very useful to offset the energy typically used by a utility company.
Let me know if you’d like to know anything else or if I didn’t answer your question the way you were looking for....Ill try to reword in a different way.
Just curious have you taken a position in Zinc8 yet? If not, there are a lot of factors right now in the higher level markets that I think are going to trickle down and cause a correction which may cause Zinc8 to go back to the low 50s or even high 40s. But I am not selling and I would recommend that if you want to take a long term position and hold, see if you can get in the lower 50s as your entry point. If you already have a position - good luck! I notice they are complete with their portion of the 75 house milestone they’ve been trying to meet - but the integration is not yet complete....and I’m pretty sure they will announce a formal PR when the entire integration is complete and when they do this could test $1 - but again, there are lots of high level factors in the market right now that could put a damper on that but long term - its a no brainer so dont be afraid to take a position now if you plan on holding long term. Also, they are going to need to raise a significant amount of money to get ready for production in 2023 - so at some point there will be some dilution. Again, this is better as a long term trade and not so much a day trade.