3SOF

I just bought ENER again.

I'm a little slow, so I probably paid too much, on the other hand - this one could be kept untill retirement  ;)

My way of "hedging" is to hold Alternative Energy stock - AND oil!

Something has got to do well  ;D

So I entered @ 24.69.

Yesterday I bought ESLR (again  ;) ) @ 6.52

Last week WFR @ 17.59

Now oil can go where ever it wants as far as I'm concerned!

No reaction from the board  ???

I'll just continue on my own, then  ;D

I have sold off some pennies and "parked" the money in a few stocks that I believe in for longer term:

ENER (Alternative Energy) closed up nicely, but nothing spectacular. I should have kept it from when I last bought it around $18.-

ESLR (Solar cells) I have been in and out of this one a lot, always with a positive result. Now I'll just keep it.

WFR (Supplier of silicon products - also to the solar-cell producers) Closed down slightly friday, will be watching it wednesday, Q2. I do believe that it'll be positive.

SU (Canadian Oil-sands) Up nicely friday: 2.76% - and as far as I can read it...the ONLY sector (together with gas from The North Sea) that have a positive outlook!
See link: http://www.eia.doe.gov/emeu/international/reserves.html
This one I'll add to as personal finances allow. I think that with escalating oilprices and declining resources it will be a "gold"-mine.

Other than that I'm happy to have AOB (Thanks, David!)

And I'm waiting for AMEP, BDCO, NGAS and SKPI to go crazy, and make up for all my losses in the dear little "pennies"!

These are not recommandations, just suggestions of stocks to look into.

Cheers!

Complete silence about ENER  ???

There are not many reasons NOT to have this stock, I think.

I'll let the chart speak for itself... ;D

Enjoy!

Quote from: cumulina on August 26, 2005, 02:37:31 PM
Complete silence about ENER  ???

There are not many reasons NOT to have this stock, I think.

I'll let the chart speak for itself... ;D

Enjoy!

I bought in beginning this week. Wow, what a run! I think this still has room to grow especially with the world's dependencies and inflationary pressures from oil. All charts are pointing in the right direction..I think to at least $50 before the end of this quarter. And oh yeah, with consecutive increases in volume traded AND over 12% short float, there's definitely upward momentum as shorts begin to cover. Not sure if you notice, but there seems to be a substantial disparity between buy and sell orders through out the past couple days. It seems like buy orders far exceeds sell orders for the past week. Here is this week's results: http://quote.barchart.com/quote.asp?sym=ener&code=BSTK

Glad to see you are with me on this one, RichL74.

I also believe that there is more in this one - as in many other AE stocks.

I don't understand why BCON has had such a tremendous run...seems a bit like mass-hysteria to me, (sour grapes  ;D as I do not own it myself)

But... if I understood the market, I'd be wealthy by now  ;)

Let's hope ENER continues it's fine run up monday.
With the hurricane approaching the oil-sensitive part of Gulf of Mexico, who knows what will happen? Oil dropped sharply friday, and I would have thought that it would rise instead  ???

http://quote.barchart.com/quote.asp?sym=ener&code=BSTK

It really doesn't get better than this. I completely agree with you on the AE sector. As the war in Iraq progresses, and the growing world dependency on oil (especially China), companies,  and the Kyoto treaty, and killer oil prices, I'm sure the alternative energy sector is one of the safest bet for the next 10 years. This sector is in such infancy stage as far as commercialization of the technology.

So I'm going to look into BCON. I have not heard much of that company, but then again, a lot of these micros stay under my radar if too few shares are traded.

I thing I do see, if these companies prove to be an attractive business model, I GUARANTEE that somebody like GE will be chomping at the bit to buy them up before anyone else will. It fits into their campaign of ecoimagination.

Anyways... happy trading!

  For what it's worth this one is on Tobin Smiths Aggressive buy list since May. With hybrids growth this will be key for the battery technology they supply.  If production was higher supposedly Toyota and Honda would have sold 5x as many hybrids.
  Would like to own but don't have the funds to get in at this time.

How about the following news?  ;)

6:55pm 08/29/05 
Cobasys confirms deals for hybrid electric vehicle programs (CVX, ENER) By Katherine Hunt
SAN FRANCISCO (MarketWatch) -- Cobasys, a joint venture between Chevron Corp.'s (CVX) Chevron Technology Ventures LLC and Energy Conversion Devices Inc. (ENER) , said after Monday's closing bell that it has received orders for hybrid electric vehicle production programs. Terms of the contracts were not disclosed. Orion, Mich.-based Cobasys also confirmed that it is in the advanced stages of hybrid vehicle prototype development and testing for several transportation and vehicle manufacturing companies located in North America, Europe and Asia. 

Another good day for us. I doubled my position at 33.99.... let's keep on rocking and rolling.

Also, I noticed that Fidelity owns 20% of the shares outstanding! Pretty amazing to have that much institutional ownership from one company. So, needless to say, there is a shortage of available shares for retail investors to trade.

It's all good for you and me cumulina!

 
What do you think of this, RichL74?

ENER is about 20% of my stock, ESLR about 21%. - and I'm not nervous about those two at all.

Stock Symbol:   
34.41   
ENERGY CONV DEVICE  ENER 
Shares Short 4.21M
Days to Cover 7.1
Short % of Float 12.70%
Total Increase / Decrease 3.69%
% From 52-Week High -0.41%
% From 50 Day 23.71%
% From 200 Day 34.87%
52 Week Performance 160.68%
Avg Daily Vol - 1 Mo. 0.59M
Shares Outstanding 33.24M
% Insider Holders 2.89%
% Institutional Holders 42.60%
Float N/A
Avg Daily Vol - 10 Day 1.24M
Avg Daily Vol - 3 Mo. 0.67M
Shares Short - Prior Mo. 4.06M
52-Week High (30-Aug-05) 34.55
52-Week Low (01-Oct-04) 12.50
50 Day MA 26.25
200 Day MA 22.41
Release Date Aug-2005

PHEW! What a day...

A huge dip...and then full recovery!  ;D

What a stock...

I hope you guys held as well?

Just a short link before I sign off ( it's 22:49 here right now!)

http://www.investors.com/breakingnews.asp?journalid=31304648&brk=1

Alternarive energy is hot...my only "slow" one was DESC, down 0.13 but it's still doing fine. Holding that one for a while also.

Cheers.

This released after hours...anybody here understand it...and care to translate it to a simple-minded  ;D

Form 8-K for ENERGY CONVERSION DEVICES INC


--------------------------------------------------------------------------------

31-Aug-2005

Change in FYE or Articles, Financial Statements and Exhibits



Item 5.03 Amendments to Bylaws
On August 25, 2005, the Board of Directors of Energy Conversion Devices, Inc. (ECD) amended certain provisions of the Company's bylaws to (i) revise Article III concerning the procedures for calling special meetings of stockholders, (ii) revise Article XI to provide for additional means of notice for calling meetings of directors, (iii) add to Article XI a provision for meetings of directors to be held by means of conference telephone or similar communications equipment, and (iv) amend Article XIII to allow for electronic transmission of actions taken by unanimous consent of the Board or a Board committee.





Item 9.01 Financial Statements and Exhibits
(c) Exhibits:

Exhibit No. Description

3.1 Text of amended provisions of ECD's bylaws.



Thanks in advance.

I wish I bought some more when it was down 5% early. I figured that was some early profit taking and others on the sidelines jumping in. I wanted to see how today played out before purchasing more. As a result, I'm looking at purchasing more tomorrow. Good luck to me...


BTW, the filing states that the voting process does not require shareholders to be present for a vote and that voting can be done over the phone or electronically...

Well...the yahoo-board is full of wild guesses.
I guess we'll have to wait and see. A message like this must have some significance?
But I have no idea what to read into it.

I'm just very sure that I'm not going to sell, and I wish that I had the means to buy some more (like you) on the dip today.

Looking at the longer term chart (3 year), ENER seems like THE thing to hold.

I think we're in fine shape.  ;)

Another great day for this stock. I've dipped into my margin and bought some more. Will hold margin shares till 40. Should not be too long. I've never experienced this kind of ride with any stock. Hope oil prices hold, which will put the pressure on for more alternative energy sources.

So I didn't think the lowering of oil prices would lower this stock or was it just simple profit taking? Either case, I bought some more shares to today near @ $33.75. Hope it bounces back to 35 - 36 level this week.

When are we going to see more images like this?  :o

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=5109)

It is a very small part of the energy-market, but the growth is there  ;)

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=5110)

Suddenly, Those Solar Panels Don't Look So 1970's

By TIM GRAY
Published: September 11, 2005
AS prices for coal, natural gas and oil have soared, solar power has been getting perhaps its most serious look from investors since President Jimmy Carter pulled on a cardigan and asked Americans to damp their furnaces. The new interest means that the handful of domestic solar stocks has been surging, too.

Sold on the SunOver the last year, the shares of Evergreen Solar, DayStar Technologies, Energy Conversion Devices and Spire - all small domestic companies that make equipment for converting solar power into electricity - have more than doubled in price. In August, Cypress Semiconductor said it would try to raise as much as $100 million in an initial public offering for its SunPower subsidiary.

"The solar market is projected to grow 35 percent a year for the next three to five years," said Walter V. Nasdeo, managing director of Ardour Capital, an investment bank in New York that specializes in energy companies. "As these technologies get better, we're seeing things being developed like solar panels integrated into roofing tiles. That way, they don't look like a science project hanging on your roof."

Back in the days of President Carter's cardigan, the country was mired in an energy crisis, with an oil embargo and long lines at gas stations. Today, tumult in oil-producing places like the Middle East and Venezuela is roiling markets. Strong demand for electricity has contributed to increases in the prices of coal and natural gas. And Hurricane Katrina, of course, has worsened the situation. Yet these dire developments have been a boon for companies that make devices such as silicon wafers and rooftop panels that convert solar energy.

Until recently, the economics of the solar business did not tempt many consumers or investors. Without government or utility subsidies, the $20,000 to $25,000 that it costs to buy and install a typical home solar system may be too much to be recouped in the time it takes to pay off a 30-year mortgage.

But government help, combined with the recent climb in energy prices, has made solar systems more appealing. Some states offer big subsidies, helping to defray much of the initial cost of a home system.

Some electric utilities also offer incentives. In theory, solar systems free them from having to invest in additional power-generation capacity. Homeowners typically connect their systems to the power grid and buy electricity when their panels don't produce enough power and sell it to their utility when they have a surplus.

Federal law requires utilities to buy excess power generated by consumers' solar power systems - though rates vary from state to state, said Joseph E. Schwartz, chief executive and technical editor of Home Power magazine. And the new federal energy law, signed by President Bush last month, includes a tax credit of as much as $2,000 for the purchase and installation of a residential solar power system.

"Despite all of the concerns about imported oil and climate change, most people make their decision to install solar based on whether they're going to save money," said Steven C. Taub, director of emerging-generation technologies at Cambridge Energy Research Associates. In states with generous subsidies, he said, solar power systems may be attractive for many consumers. In New Jersey, for example, subsidies can cover up to about 70 percent of the cost - leaving consumers with a net cost of about $6,000 on a typical home system.

Though the four little domestic solar power companies stand to benefit from new demand for power, they account for only a small fraction of the world's solar-device production. The biggest of the four, Energy Conversion Devices, has a market capitalization of only about $1.1 billion.

Giants like BP and Royal Dutch Shell in the energy industry, or Sharp and Kyocera in electronics, make most solar gear. Last year, the solar industry produced 1,195 megawatts of new electricity-generation capacity - about the equivalent of one large power plant, Mr. Taub said. Sharp alone accounted for about 325 megawatts, he said.

Yet solar energy conversion is a tiny part of these hefty companies' sales, so the little independents are a purer play. The business lines of Evergreen and DayStar are almost entirely related to solar power (as are those of Cypress's SunPower). Energy Conversion Devices has other products, but its largest subsidiary, United Solar Ovonics, also known as Uni-Solar, is a solar power business. And Spire's solar division accounted for an average of 40 percent of the company's sales in 2003 and 2004.

Of course, investing in small-capitalization stocks can be risky. Besides being microbes in an industry dominated by giants, none of the four independents were profitable last year. Two have short histories as public companies: Evergreen went public in 2002, and DayStar did so last year. All but Spire are developing new solar technologies, and there is no guarantee that customers will embrace their innovations.

Sold on the SunThe most popular means of converting the sun's energy into electricity - silicon-based solar panels - has progressed over the last three decades but hasn't changed radically. Silicon is used to make wafers, which are wired to create solar cells. These form the building blocks for solar panels, which look like big storm windows, sit atop roofs and soak up the sun.

A silicon shortage has driven up the cost of solar-grade silicon by more than 60 percent over the last two years, said Michael Rogol, an analyst at Credit Lyonnais Securities Asia. That offers an opportunity to companies like Evergreen and SunPower that have devised more efficient ways to use silicon, he said.

Evergreen's wafer-making method consumes about a third less silicon than usual, said Richard M. Feldt, its president and chief executive. Many competitors saw blocks of silicon into wafers; that creates waste in the same way a lumberyard spits out sawdust. Evergreen's method, which draws out long ribbons of silicon and slices them with lasers, produces less waste.

EXECUTIVES at Cypress Semiconductor in Sunnyvale, Calif., declined to be interviewed because of the impending stock offering. But Mr. Rogol says its SunPower unit makes the industry's most efficient cells, yielding 210 watts of power a square meter, versus 180 for a typical cell.

DayStar, for its part, ditches silicon entirely, while Uni-Solar uses far less than average. DayStar, based in Halfmoon, N.Y., applies a thin film of several elements, including copper, to backings such as titanium foil to create flexible solar cells.

Uni-Solar marries the thin-film method with silicon. "Our panels are typically 18 feet long with an adhesive on the back," said Subhendu Guha, its president. "You can stick it directly onto the roof. With the traditional product, you have to have a support structure."

Spire, in Bedford, Mass., produces neither silicon wafers nor solar cells. It makes machinery for building and testing solar panels. In 1999, that enabled it to team up with the city of Chicago to equip and run a panel factory there. Roger G. Little, Spire's chairman and chief executive, says he sees the Chicago venture as a harbinger of Spire's future; he aims to increase panel production over the next two years.

That would return Spire to its roots. The company started in 1969; early on, it concentrated on solar power conversion. It diversified into biomedical equipment and electronics after energy crisis of the late 1970's abated and enthusiasm for solar power cooled. "The market tanked," Mr. Little recalled. Even so, he remained confident.

"I've always believed that solar is a freight train that can't be stopped," he said. "It started small, but the compound annual growth rate for the last 10 years has been 20 percent. This year, there's a $10 billion worldwide market for systems."


(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=5113)

...or if you prefer this...

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=5114)


Now...for the financials of these companies, you'll have to ask someone else - I have a tough enough time just balancing my checkbook, let alone evaluating if a business is financially sound or not! ;D

DSTI has been on the 3sof list, and it did well.
I have been holding ENER and ESLR for a while now, and they have are up 20.87% and 32.08%.

And I don't see this trend changing any time soon  8)

I'd be very interested in comments about these stocks.

Have a nice weekend.

Thanks a ton for bringing this to my attention!

Monday will be very interesting for alt energy, Associated Press also jumped on the bandwagon, with the headline "Alternative fuel stocks skyrocketing"

http://www.miami.com/mld/miamiherald/business/national/12612250.htm

The Times article is an even better boost, as those guys are taken seriously!

One thing everyone should keep in mind as solar becomes a momo play, is that solar's time has not yet come!

First of all, the industry is currently hampered by a worldwide shortage of silicon, that will last throughout this year, and possibly into 2008! See:

http://www.wired.com/news/planet/0,2782,67013,00.html

http://news.zdnet.com/2100-9584_22-5670629.html

DSTI, it should be noted, has developed a silicon-free solar cell.

Secondly, solar is still wildly expensive, to an extent that government subsidies are of little help.

You can price a Spire residential system online:

http://www.spiresolarflorida.com/tools/tools.html

A 1 kW system, generating $112 worth of energy per year (by Spir's calculations), is $10,000. (2 kW is 20k, 3 is 30k, etcetera...no bulk discount).

Pays for itself in 90 years, at typical energy cost of 8 cents per kWh.

And that's assuming you don't need to replace solar panels after a hurricane.

Maybe with the energy bill's help, and with a huge increase in electric rates, these systems will pay for themselves in 50 years.

Spire Corp is the cheapest of the lot mentioned in the Times, and has increased its share price 250% in 3-4 months. Spire has worked great for me as a short play off of its recent spikes, though I've also played it long.

Unlike the other companies covered, SPIR actually showed a profit in its most recent quarter. This gives SPIR fantastic short potential, as its profit came from two non-recurring sales of technology licenses. Their next earnings report seems certain to bring another deep loss.

I started a SPIR thread, found here:

http://www.3stocksonfire.org/trading/index.php?topic=2634.msg20537

Good post, robt...and interesting links. Thanks - and applause.

Yes, today will be VERY interesting indeed. The yahoo-boards are brimming over with excitement...

Today at 4:45 there will be a cc for ENER:

http://biz.yahoo.com/cc/3/59973.html

I shall be glued to it!  ;)

I see no problem with the chart either  ;D

I'm going to hold this stock until oil drops down to $55. When that happens I think some of the short term investors will be out and the price of this stock will settle. Go ENER!

I also see coverage initiated by a couple new investment firms as the pressure to use alternate energy becomes mainstream.

So what will it take before David makes this stock as part of the portfolio. This stock does nothing but go up up up! Somebody should tell him, chart or no chart.

RichL have you been on Yahoo Message Board SNDK, about year and a half back?

If yes let me know :)

Quote from: stocky on September 20, 2005, 01:49:51 AM
RichL have you been on Yahoo Message Board SNDK, about year and a half back?

If yes let me know :)

Stocky, can't say I have. I don't usually post on Yahoo. A lot of pump and dump and not a whole lot of insight. People with their own agendas and do not offer objective analysis on any stocks.

I do post quite a bit more here on this site as I don't see a whole lot of BS going on here.

Just to update my position on this stock, I have 2200 shares and looking to buy more. With Rita about to hit the gulf and expected to be a category 4 hurricane when it hits Texas, you can be sure that oil prices will rise above 70 some time next week. With Phillipe not far behind Rita, you know it's a given that there's going to be a lot of hedging from investment firms and oil companies. One of many ways for the oil companies to invest in the recent rise and the substantial profits this year is to take a look at the alternative energy sector.

Look for continued strength in the alternative energy sector as gas prices faces the previously stated inflationary pressures. I will still continue to invest in this stock until oil prices fall to $55 / barrel.

Not to spur any rumors, but with the recent buyout attempts of American companies (Unocal, Maytag), ECD would be a kind of company they would like to invest / purchase for their own. This article really hits it home ...

http://www.wired.com/wired/archive/13.04/china.html?pg=1&topic=china&topic_set=

Has anyone else invested in this stock? I would like to know if anyone on this board has seen the upswing of this stock. It has been one amazing month.

Hi, RichL74.

Glad to see that you're still holding...and if you are waiting for oil to hit $55.- then you might be holding for a good while  ;)

;D ENER might just hit $55 before oil does  ;D ...how would you like that?  ;D

I have had to sell, and I'm looking to get in again when ENER drops a bit. But it doesn't show any signs that it's about to do that >:(

I really don't understand why we are such a select few who are interested in ENER  ???

Good luck to you, but I really hope ENER dips so I can get in again!

Cheers.

Hi!
Great pick!

I'm curious why you sold??

I sold partly because I have been changing accounts around - most certainly NOT because I don't like the stock!

That was really bad timing on my part... ::)

I shall be back in, just don't know when.

http://finance.yahoo.com/q?s=ENER

I think it's one of the best stock I've ever owned!

Cheers.

 >:( Doesn't look like I'll be buying ENER today!  >:(

43.75 - 44.00 in pre-market...

Have a nice trip guys.... ;)

As expected, an analyst finally initiated coverage on ENER. Piper Jaffray initiated coverage and gave ENER an outperform rating. I think more analysts' opinions will come soon.

I've been following Ener, and it was a bargain at 40.00 (accumlation stage?)

But fo some reason, I want to buy shoddy, underperforming pennies rather than solid companies :)  I'm in ECA.TO and SFG.UN so I am correcting my portfolio

I will buy ENER, I don't really care if it's 44 now, I can rationalize 40 as 'support' :)

NICE PICK!
jp

EDIT: I won't be buying straight away, the chart is showing a sell off from today's screamer and slight neg. news.  I think there will be a pullback! 

Slight pull back today. Good time to get in the game. This could be one of a few down days in the past 30 days.

ENER has pulled back a bit...enough for me to get back in!  ;)

Today's news:


ECD Ovonics Subsidiary Ovonic Battery Company Awarded Contract for Biofuel Reformation by Xcel Energy

October 12, 2005 12:15:29 (ET)


ROCHESTER HILLS, Mich., Oct 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Energy Conversion Devices, Inc. (ECD Ovonics) (ENER, Trade) announced today that its subsidiary, Ovonic Battery Company, Inc., has been awarded a $900,000 contract by Xcel Energy, Inc. to develop its Ovonic proprietary Biofuel Reformation technology.

The two-year, cost-shared technology development contract will support Ovonic Battery's research and development of a new process for reforming renewable fuels, such as bioethanol and biomethanol, to produce hydrogen for the production of clean energy.

In this fundamentally new approach patented by ECD Ovonics, the temperature of reforming biofuels into hydrogen gas has been dramatically reduced. The reforming process can thereby become potentially simpler and cheaper, both in operating cost and capital investment. The program will transfer this process from research to pilot level, examining the commercialization feasibility from both a technical and an economic perspective. ECD Ovonics' process has the potential to be environmentally superior by avoiding the generation of CO2, a greenhouse gas which contributes to global warming. Biofuel reformation is an important component of the emerging hydrogen economy, with a strategic benefit of reducing our nation's dependence on imported oil.

Stanford R. Ovshinsky, president and chief scientist and technologist of ECD Ovonics, stated, "Ovonic technology has gained significant inroads in the global marketplace as evidenced by our NiMH batteries used in hybrid electric vehicles and our thin-film triple-junction amorphous solar products. This program is yet another example of our strong intellectual property and allows us to further develop our hydrogen production technology using our expertise in catalysts directed to biofuel reformation."

Michelle Swanson, Manager of Policy Analysis of Xcel Energy commented, "Xcel is pleased to be working with ECD Ovonics to study the feasibility for large scale hydrogen generation for the production of clean energy utilizing Ovonic technology."


When you mention "Bio-Fuels" people are listening up! So I hope that will be the case here also... >:D

Cheers!

Well - well - well....life is interesting!

Yesterday (early) I bought more ENER.
Bargain price  ;D 33.83....

A few hours later I recieved these two:

:o  :o  :o

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3743267

and  :o

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3743247

:o  :o  :o

Yes - I've read them. And - no! I don't quite understand them.  :-[

What I think I see is, that the retireing owners of the company is going to sell most of their shares to the company?
For a nice $300,000,000.- profit.  :D (I could feel tempted too, in a similar situation!)
And that the company might/might not decide to sell those shares to  ...  us.
If they need the money, that is.

Now: This could all be wishfull thinking on my part, (I know that one is not supposed to fall in love with a stock, but I'm not perfect!) and I'm hoping that if these shares do hit the market, it will be so the company can get some additional cash on hand for development of whatever-else-fantastic-stuff-they-are-working-on-for-the-time-being.

It could also be that the "boat" has developed a leak, is sinking fast, and everybody wants to get out fast!

But I find the latter hard to believe, having followed this particular stock for several years.

The yahoo-messageboard is humming, and some very nervous people have been throwing their stock away during the after-hours.

ENER was last traded at 33.02, and lowest AH was 31.75. (I started this post by telling you that I bought it at 33.83, didn't I?  ::))
...and I'm sure that there will be a lot of very skitterish people selling out the next couple of days...
As I'm not familiar with shorting stock, I can't even imagine what shorts could do to it!  :(

All my blabbering boils down to:

1) Does anybody out there in our great community have the time and interest to read the two links above, and tell me if I'm way off?

2) I want to alert whomever might want to sell their ENER asap, if they can't stomach the turbulence ahead.

3) I want to alert whomever have an interest in buying (more?) ENER, because it seems like this can be had at a very good price in the days ahead!  ;)

I will keep mine, and try to free some money for "cheap" shares.
"Averaging down" I believe it's called, and it's probably not normally a good idea. But this time I think I will.

I'm looking forward to your comments.

Thank you.

Just wanted to add the chart.

It clearly shows that ENER took a nasty dive at the beginning of this month, as did many other stock -.

Quote from: cumulina on October 26, 2005, 03:13:23 AM
Just wanted to add the chart.

It clearly shows that ENER took a nasty dive at the beginning of this month, as did many other stock -.

Cumulina,

Yeah, these stocks have really gotten whacked, haven't they?  I've had ENER on my radar for a possible buy and, yesterday, was watching this "possible" bullish Inverse H&S pattern emerging on the hourly chart:

http://ts-lc.sc8.finance.lycos.com/1123874431937?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:ENER&Interval=60&Permission=1000&Ht=400&Wd=600&Display=2&Study=&Param1=&Param2=&Param3=&FontSize=10&LocaleID=0x0409

The neckline is the October 17 high of 34.98 and the October 24 high of 34.74.  If ENER can complete the right shouder and take out the neckline, it measures to about 39.00.

That's the good news.

The bad news is that we could be looking at a Bump and Run Reversal (BARR), originally called a Bump and Run Formation (BARF).  BARF, in English, is a euphemism for vomit, which I think is a more descriptive acronym, given how nasty the reversal can be.

;D

http://www.stockcharts.com/education/ChartAnalysis/images/barr-intl.png

In the Bump and Run Reversal (BARR):

1. Phase 1 is the Lead-in: June 8-August 18 on the chart below.  That's a nice, steady ascent.

2. The next phase is the Bump:  August 18- October 3.  The bump is a much steeper ascent than the Lead-In, due to the speculative, sharp advance in the stock. 

3. Once the trendline of the Bump Phase is broken, the stock likely is headed back to the Lead-In trendline.  ENER broke the "Bump Trendline" on a gap down on October 6, then broke below the Lead-In trendline on October 18.

Once the Lead-In trendline is broken, the stock is in the "Run Phase," unless it can get back above the Lead-In trendline.

The Run Phase can be just as ferocious on the downside as the Bump Phase was on the upside.

In the case of ENER, it got back above the Lead-In trendline on October 24, and closed just about dead on it yesterday.

QuoteENER was last traded at 33.02, and lowest AH was 31.75.

If ENER trades down like that at the open, it's another break of the Lead-In trendline, and the Run Phase would be back in effect.

Quote3) I want to alert whomever have an interest in buying (more?) ENER, because it seems like this can be had at a very good price in the days ahead! 

I will keep mine, and try to free some money for "cheap" shares.
"Averaging down" I believe it's called, and it's probably not normally a good idea. But this time I think I will.

Yeah, averaging down generally isn't a good idea, particularly if the recent low of 30.51 gets taken out.  The Run Phase could get nasty if it gets under way.  ENER had nearly a 200% rally from June to October, so a further decline might be in the cards here.

QuoteWhat I think I see is, that the retireing owners of the company is going to sell most of their shares to the company?

As we know, the market doesn't like uncertainty.  That news could precipitate a decline.  "Sell first... ask questions later."  We'll see how ENER opens today.

The Bump Phase began from 25.29 (solid green line) and the 200DMA is at 24.68, so we might head down there if we can't take out the Inverse H&S neckline, and if 30.51 gets taken out to the downside.

Good luck, Cumulina!

Thank YOU, Melf Elf!

...How come that I thought that you might be the one offering your evaluations?  :-*

That was a very nice answer. - Not quite what I had hoped for...I was looking for something a bit more "Poly-Anna'ish".

I don't think there can be any doubt that there will be a lot of butchering the stock, come opening.
As you mentioned, traders don't like doubts. And this is confusing (to me at least.)

I'll take it easy, and won't hop out into the frenzy.
ENER has earlier proven to be a good stock, and I'm sure that it'll right itself again.

I can't get over the fact that I managed to purchase the stock just a few hours before these news. Can't one use this "knack" for something more productive? Like predicting when the next vulcano will erupt - or something usefull?

Going to be interesting today. Right now I'll go to sleep - have been on night-duty, and I'm pretty blurry-eyed. I'll probably dream about solarpanels, millions of $$$ with wings flying away into the sunset, hydrogen cars and ...- good night!

Thanks again, Melf Elf.

Quote from: cumulina on October 26, 2005, 05:31:10 AM
I can't get over the fact that I managed to purchase the stock just a few hours before these news. Can't one use this "knack" for something more productive? Like predicting when the next vulcano will erupt - or something usefull?

Cumulina,

I sold DNDN yesterday at what I "thought" would be resistance, literally seconds before it took off to the upside on a breakout. The market knows the exact moment that we buy or sell, then does the opposite of whatever move we just made.  lol. 

Sweet dreams...sleep well.

hi,
just a quick look at the chart will tell you in the long term it has reached its peak at the $45  mark.  . "more highs are reached in september than any other month". w.d. gann wrote this in ' 45 YEARS ON WALL STREET" jesse livermore might look at a stock like that and see that it had reached its pivitol point and is heading down and start shorting. it may rally again to 35- 36 but not to $45 imo.
take a look at a bunch of charts that had bull runs from april - to september.
if averaging down was part of your original plan for the trade then go for it. it only really works for healthy retracements rather than bearish trends which by looking at the chart this stock is now in. having said all that i a willing to be proved wrong because the market is not reading my post...lol........it has the final say as always
thanks
maxi

Things didn't turn out as gloomy as I had feared.  ::)

Sure...ENER took a nosedive, but righed itself (almost) within hours.

I'm taking that as a sign of strength. ;D

Anybody interested in this company (and in ESLR) might want to read this:

http://www1.pjc.com/private/pdf/solar_powered_oct05.pdf

Cheers.

Owning ENER this past month has been a mixed blessing, but now it seems that things are looking up again.

Right now it is trading at 34.22, up 2.5%

News today:

Press Release Source: Cobasys


Cobasys Achieves Third Major Quality Certification in 2005: Registration to ISO 9001:2000/TL 9000
Thursday November 3, 8:03 am ET


ORION, Mich., Nov. 3 /PRNewswire-FirstCall/ -- Cobasys, a leading supplier of advanced Nickel Metal Hydride (NiMH) energy storage solutions, today announced it has been registered to the International Standard ISO 9001:2000 and TL 9000. Cobasys is now among an elite group of battery companies to have met the demanding standards for TL 9000 certification which has become a prerequisite to supply major telecommunications equipment and service providers. This represents the third quality certification within one year for Cobasys. The company previously announced certification to ISO/TS 16949 which is the most advanced quality standard required to supply the automotive industry. Registration to ISO-17025 which certifies testing and calibration labs was achieved this October.
"Achieving this distinction is confirmation that our entire company is committed to sustaining the highest levels of quality and continuous process improvement," said Gary Absher, Vice President of Product Development at Cobasys.

Michael Paruszkiewicz, C.Q.M., Corporate Quality Manager at Cobasys stated, "We are among the few companies in our industry to achieve this certification. Our next steps include the implementation of the Six Sigma toolset and competing for the Malcolm Baldridge Quality Award. This certification provides yet another competitive edge for our customers and for Cobasys."

Cobasys designs and manufactures advanced Nickel Metal Hydride (NiMH) battery system solutions for transportation markets, including Hybrid Electric Vehicles (HEV), Electric Vehicles (EV) and 42 volt applications, in addition to Stationary Back-Up power supply systems for Uninterruptible Power Supply (UPS), Telecom and Distributed Generation requirements.

Cobasys is a joint venture between Chevron Technology Ventures LLC, a subsidiary of Chevron Corporation (NYSE: CVX - News) and Energy Conversion Devices, Inc. (Nasdaq: ENER - News). For more information about Cobasys contact Ray Wagner, Vice President of Marketing at 248-620-5700 or visit our website at http://www.Cobasys.com .




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Source: Cobasys

Yesterday's closing chart.......

good stock to buy