Axion Power International Inc (AXPWQ)

[Ecomike]

I have no idea, I don't think they disclosed that detail, at least I did not see it when I read the SEC filing. I can't figure out why the stock rallied Thursday. For the life I can't see why anyone would buy the stock at anything over .57, when two thirds of the company OS was just sold for .57/share. All I can figure from what I have seen the last 2 weeks is the last vestige of a bubble,euphoric stock buying is taking place by blinded would be investors being sold stock that the smart people want to dump, before the crash or pull back by the entire market(s) hits early next year. APWR's recent eurphoic rally is an other one that makes no sense to me. I am not sure there is any mandatory hold on those shares? I do know the new shares were not pre-registered with an SEC filing announcing plans to make the sale, which I also find terribly disburbing. Maybe the people, institutions that bought all that new float, are taking advantage of the drop their stock price caused, to buy up the rest? But if that was the case, why not let the stock dump down to say .60 first?

I still expect it and the markets to take a huge correction south early next year, but I also expect SPX to hit an 1150-1160 peak, maybe by year end before a sell off.