3SOF

Do any of you think BCON (Beacon Power Co.) will break $1 this week?  The volume and momentum appear to be picking up a little.

solar power is heating up.  New rebate laws coming from CA.  I think people are starting to looks at BCON.  I think it's going to move up.  Good pick

Good job Jeff.
From the looks of the chart ,I think so too!
Well done. I'll put that baby on my watch list.

Is BCON ready to break out of ascending triangle? 

I sure hope so!  I have had a position for last 6 weeks, and it has not moved much at all.  But I'm still holding and waiting for a breakout.

Good luck, Longs!

Just checked pre-market action.  It has broken $1.00!  I hope this is the beginning of a nice run-up.

I think the volumue is way to low to read anything into this breaking 1.00 in premarket. Only 890 shares.

I'm going in 100% @ 1.03:-)

Could be a good one today!

Breakout guys....
Now lets see if we get a follow through on Monday.
Good luck with your trade. ;)

http://stockcharts.com/def/servlet/SC.web?c=BCON,uu[m,a]daclyyay[pb10!b20][vc60][iUb14!La12,26,9]&pref=G

Jeff,  Volume up and the $1.00 has been broken.
HUM.....

http://stockcharts.com/def/servlet/SC.web?c=BCON

Still learning the technical aspect. Volume is way up and it looks like it wants to go. Looking for some professional opinions on how much higher it may go before resistance.

BCON is in the resistance zone right now around $1.16 to $1.25. Volume follow through will determine how it tackles that resistance area. Depends where you bought as to what yourstrategy is going to be, strong support around $1.04.
Mike

Thanks for the info got some at 1.10 hopefully it will pop thru. I'll give it some time if volume stays up.

3 times average vol., rumors flying, presently coming back down @1.16 (range 1.05-1.23)

I noticed the move in BCON today.
Good volume and price move.You still holding Jeff46902?
Average Volume (3 month)715,923

I noticed that too.  But I sold this stock several weeks ago at $1.09.  Didn't think it was going to do much more anytime soon.

Jeff

Bought in today at 1.34

sold half position at 1.50

nice buy Adam.. excellent sell of half position(keeps it fun) ;)

first post at 3sf ..testing chart link
http://stockcharts.com/def/servlet/SC.web?c=bcon,uu[e,a]daclyiay[dc][pc9!c20!c50!c200!b200!f][vc60][iut!uah12,26,9!lb14!la12,26,9!ll14!lh14,3!lg][J54639843,Y]&listNum=17


http://tinyurl.com/csqt3

Welcome aboard.

Beacon Power Corporation (BCON). The Group's principal activities are the design and development of flywheel energy storage systems that provide reliable and uninterruptible electric power. The flywheel systems are based on energy storage technologies that can perform the same function as batteries and deliver high amounts of power over a short period of time.

I love the sector.

Technically the stock shows a reliable chart pattern - an ascending triangle breakout:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=3171;image)

It is a good thing to have an exit plan even before you bought the stock. This is the case with BCON, a simple technical setup with an attractive risk/reward ratio.

I will buy BCON for the 3 Stocks on Fire Portfolio at today's open, 6.66% of portfolio.

Everyday after the close I will update the analysis on BCON until I sell the stock. At www.3stocksonfire.org I manage a public and diversified portfolio of stocks which is up 140% since April 2005.

www.3stocksonfire.org is a new Community of traders and investors, growing every hour. If you want to join our Community, please register (http://www.3stocksonfire.org/trading/index.php?action=register) (it takes only about 10 seconds).

Yeah, I was in at $.97.  But too bad I only have 1000 share.

Bought BCON @$1.80.

In @ 1.80 @ 1.22am c.
Good Luck All

Jumped in feet first @ 1.84. :D

Love this stock lately on pullbacks.  ..its been on fire lately ;D ..to hot(high) today imo. Its recent b/o has taken todays candle totally above the top band. Its a TA rule not to buy this candle cus of risk/reward :o. Id expect to see the stock stall here for a bit(or retrace) until the ma's and b-bands catch up. The stock has been reacting well with 9ema checks..hope after a little rest it can gain steam again. Great volume lately. -goodluck this month!  ;D -3sf Steve

http://tinyurl.com/c4nwr

i jumped in @1.83  and watching!!  ;D

I got in at 1.80 this is a great pick

This one has been moving at a nice little pace.

************************************************************************

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 1.862
Trade Time: 3:27PM ET
Change:  0.202 (12.17%)
Prev Close: 1.66
Open: 1.80
Bid: 1.86 x 1400
Ask: 1.87 x 2400
1y Target Est: 1.42

  Day's Range: 1.76 - 1.97
52wk Range: 0.25 - 1.77
Volume: 9,456,598
Avg Vol (3m): 1,176,530
Market Cap: 81.30M
P/E (ttm): N/A
EPS (ttm): -0.124
Div Yield (ttm): N/A (N/A)

************************************************************************
Press Release Source: Beacon Power Corporation


Beacon Power Announces Acceptance of Flywheel Demonstration System by California Energy Commission
Monday August 1, 1:00 pm ET 
Representatives From Energy Commission and U.S. DOE Witness Performance Testing at Beacon Facility; System Approved for Shipment Later This Month


WILMINGTON, Mass.--(BUSINESS WIRE)--Aug. 1, 2005-- Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, has announced that its first-ever Smart Energy Matrix demonstration system was successfully tested and approved for shipment by representatives of the California Energy Commission and the U.S. Department of Energy (DOE). The scale-power flywheel-based energy storage system, designed to demonstrate highly responsive and cost-effective frequency regulation services for the electricity grid, is scheduled for shipment to San Ramon, California, later this month. Following installation, the Smart Energy Matrix system will begin grid-connected performance demonstrations.
ADVERTISEMENT


"This is a major achievement and a significant step forward for our flywheel technology and its applications to power grid reliability," said Bill Capp, Beacon President and CEO. "For the first time, a flywheel energy storage system will be connected to the grid to provide frequency regulation services. We're grateful for the leadership of the California Energy Commission, California ISO, and the U.S. Department of Energy, as well as to the dedicated group of Beacon engineers who worked hard to make this possible."

Representatives from the Energy Commission and DOE witnessed a range of performance tests of the scale-power Smart Energy Matrix at Beacon's Wilmington, Massachusetts, facility. The visit included a review of test procedures, system documentation, installation plans, and an extensive run-through of communications and control functions, followed by a series of system operational performance demonstrations. Based on the contractually defined objectives of this Critical Project Review, the Energy Commission and DOE indicated that the system was approved for shipment. Pending completion of preparations at the installation site in California, the Energy Commission has arranged for Beacon to perform additional system-level testing at the Beacon facility in Wilmington.

"The Energy Commission considers the integration of energy storage technologies a high priority as we look for new and innovative methods to improve and upgrade the capability of the California electric grid," said Energy Commissioner John Geesman. "Technologies such as the flywheel-based energy storage system provide better options for California utilities to integrate more renewable sources and provide California consumers increased energy choices."

Grid operators, such as the California Independent System Operator (ISO), purchase frequency regulation services every day. In 2004, the value of regulation services purchased by four U.S. regional grid operators in open power markets was in excess of $360 million. The Beacon Smart Energy Matrix is being specifically designed to address this sizeable and growing market with better performance and greater cost effectiveness than existing methods, which are most commonly based on the use of older and less efficient fossil fuel-based generators.

Beacon Power is also building a second scale-power Smart Energy Matrix under contract to the New York State Energy Research and Development Authority (NYSERDA). This system, developed in collaboration with the U.S. Department of Energy and the New York ISO, is planned for delivery in the fourth quarter of this year.

About Frequency Regulation

One of the most challenging aspects of today's electricity grid is that the amount of power generated and the amount consumed must be in exact balance at all times. When imbalances occur, the frequency of electricity (60 hertz in the U.S.) that end users require will not be maintained, which adversely affects grid stability. The constant balancing of power demand and production to maintain a stable frequency is called frequency regulation. Beacon's Smart Energy Matrix is a flywheel-based energy storage system that is intended to be a long-life, environmentally friendly solution for frequency regulation, with no fuel consumed and no emissions generated. More details, along with an informative animated presentation, are available at www.beaconpower.com.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon's Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

For more information, please contact James Spiezio, Chief Financial Officer; phone 978.694.9121; fax 978.694.9127; email [email protected]; or write to Beacon Power Corporation, 234 Ballardvale Street, Wilmington, MA 01887.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995:

Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product on a commercial basis; limited commercial contracts for sales to date; little experience managing operations in geographically dispersed locations; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the volatility in the stock price of companies operating in the same sector; the difficulties that often arise in integrating operations of companies after a merger or acquisition; the power of controlling shareholders and the limited ability of others to influence the outcome of matters put to the vote of shareholders. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.



--------------------------------------------------------------------------------
Contact:
     Beacon Power Corporation
     James Spiezio, 978-694-9121
     [email protected]



--------------------------------------------------------------------------------
Source: Beacon Power Corporation

Dipped a little at the end, but still up for the day. stock100.com's 5 day target for this stock is 3.32. Targets, Day 1 2.01, Day 2 2.32, Day 3 2.65, Day 4 3.23, Day 5 3.32.  :-\ I don't quite see that happening, but interesting target. I got in at 1.80, GL to you all.

Thanks for your posts  :)

BCON may pullback a bit today, I don't know, but the technical signal was made with volume above average and the long term picture is very bullish as you can see on the chart below.

My plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

The stock may, and probably will, trend higher above $2.44, so maybe after I sell it with a profit (taking this as a given  ;D) I'll design another trading plan to buy it back again.

But that's too much into the future, I will continue to analyse BCON everyday until I sell the stock, as I do with all my holdings ...

David, you agree on following analysis,

BCON has hit 1.66 $ today (50% fib.retracement), popped up finally to 1.75$.
Pullback could be over now?

Quote from: la-onda on August 04, 2005, 04:05:30 AM
David, you agree on following analysis,

BCON has hit 1.66 $ today (50% fib.retracement), popped up finally to 1.75$.
Pullback could be over now?

I'm not sure how you got those fibonacci retracement levels la-onda (you can't abuse on their use), but I agree the pullback may be over now. The trading plan is so simple on BCON that I don't know why I have to update it. I guess it is to answer some good questions like the one you made la-onda ...  ;)

If this breakout is for real, and everything on the chart says it is, BCON will reach $2.44 over the short term.

Any updates on BCON,? rallying today

Technical target is set at 2.44

Nice....

Last price $2.02....  volume 3.3 mil.....+15.43% 

Spectacular action on BCON today, on the face of a bear ugly market. I guess I'll just have to take my 47% profit, selling at $2.44, next week   :-*

Breakout may be confirmed and turn to uptrend. I would consider to  buy it next pullback.

I've made a plan:

QuoteMy plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

Now I will follow it, off course. Monday I will sell BCON around $2.44 if I have that chance (I believe I will), for a 35.5% profit.

But I'll keep an eye on BCON, I will probably, later, design a new plan to trade it.

David, you plan to buy at the pull back later, don't you? My humble guess.

 ;)

End of the day chart.
This has made a great run.

Quote from: David Randolph on August 07, 2005, 06:52:08 PM
I've made a plan:

QuoteMy plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

Now I will follow it, off course. Monday I will sell BCON around $2.44 if I have that chance (I believe I will), for a 35.5% profit.

But I'll keep an eye on BCON, I will probably, later, design a new plan to trade it.

David, why not just set a stop at 2.44 and let it run?

The stock is currently up another 11% in pre-market!

QuoteDavid, you plan to buy at the pull back later, don't you? My humble guess.

Yes, if I get the right setup I'll buy BCON again.

QuoteDavid, why not just set a stop at 2.44 and let it run?

Because I am trading a technical pattern. That technical pattern, the ascending triangle, has a target. I have to sell if that target is reached. Then I may make another plan to trade BCON.

QuoteThe stock is currently up another 11% in pre-market!

Cool, I'll sell higher than my target, on a gap up. I'll sell at the open, then.

Thanks for your posts, good luck for those who will continue to hold.

Hi DAVID! is it BCON still a good buy today?

Active in the pre-market
+7.30%

Terlisa, do not buy at the open because it looks like it will dip down, but it may be a good idea after the dip.

Quote from: Terlisa on August 08, 2005, 09:17:03 AM
Hi DAVID! is it BCON still a good buy today?

Terlisa, I'm selling BCON at today's open ! 

Sold BCON @$2.53 for a 40% profit. I'll just put in on the closed trades section, I wonder how this will reflect in total performance  8)

Good luck for those who will continue to hold the stock.

Thank you Makemoney & David...  but bought BCON @2.55  sold after ten minutes @2.75 nice little gain :D :D ;)

Well, I got back to 145% gain since 28th of May 2005, but BCON is flying more, so congratulations to the people holding. I just had to follow the plan. Perhaps I'll get back into BCON, in a few days, doesn't matter if it is at a higher price.

Lol, just read your message, good for you Terlisa, but be carefull in buying those gap ups after the stock had already a big rise like BCON did. Jesus, the stock is up 20% plus now, I'd better shut up and let you profit  ;)

Jesus!! if i just wait a little longer... already up 30%

All I can say is WOW. :o  Wonder what is going on to drive the price?  I know this is being pumped like crazy on the internet and has been for about 4 months now.

I sold at 2.64 :( i cant believe it is still going up, I thought  I was being smart selling at that level.

Wow!!!!


Gotta be happy with the 40% and move on. (Another 30% would have been nice though!) >:D

 :( me too JB - it's up more than 40% now!!!

Anyway, post factum analysis should be done only for learning purposes!!

knocking my head @ 40% :'( :-\

Well, This is the first time in my trading history that I came ahead by selling half my position (not very significant though) at 2.52 and other half at 3.21.  ;D Almost sold 100% at the open.

Be cool, there will be plenty of opportunities like this.

I was starting to cry too  :'(, but then I remembered my past experiences and just took what I have to take from this experience: the lesson !

And the lesson is: let the profits run !

I would like to tell you a psychological trick so you never get too happy or too sad about trading:

As humans, we are  ;D when we gain and  :'( when we lose. But, RULE 36 says «the human side of every person is the greatest enemy to successful trading».

You want to keep yourself emotionally balanced. How to do it? I know a trick. It's so natural to be upset when you lose and happy when you profit that you must contradict these feelings to get back in balance. So, what I do, is I'm always nice and happy when I have a losing day and I'm a bit more serious and melancholic when I win. The more I win the more angry I get !

My wife never knows if I lost or won at the end of the day  ;)

This was a great pick David. I got in at 1.80 and out at 2.60, and I can't be angry with a 44% gain. I have played a couple picks from this site but this has been the best and you will be receiving a donation from me for this one(though a small one since I'm still a small trader) Thanks a ton.   ;D

David, I understand the importance of trading to a plan and maintaing that strict discipline,  BUT you also need to let your winners run.

By setting a stop at 2.44, what did you possibly have to lose?

david i read an article in the n.y. times i while back about this major trader stevey cohen lives in conn. took home last year 300 mil in profits anyways they wrote that he was so cool you couldnt no if he was having the best day of his life or the worst .regards your doing great david

Quote from: David Randolph on August 08, 2005, 10:29:08 AM
Be cool, there will be plenty of opportunities like this.


You want to keep yourself emotionally balanced. How to do it? I know a trick. It's so natural to be upset when you lose and happy when you profit that you must contradict these feelings to get back in balance. So, what I do, is I'm always nice and happy when I have a losing day and I'm a bit more serious and melancholic when I win. The more I win the more angry I get !

My wife never knows if I lost or won at the end of the day  ;)

David,  Best advice yet. Wil try to follow.

BCON may become $30 stock within one year. During the last few years, the company is in development stage and its device now passed testing stage and is going to be installed.

The revenue and profit will follow.

QuoteThis was a great pick David. I got in at 1.80 and out at 2.60, and I can't be angry with a 44% gain. I have played a couple picks from this site but this has been the best and you will be receiving a donation from me for this one(though a small one since I'm still a small trader) Thanks a ton.

Thank you statementoo, you will get double your money in subscription fee after October 1st.

QuoteDavid, I understand the importance of trading to a plan and maintaining that strict discipline,  BUT you also need to let your winners run.

By setting a stop at 2.44, what did you possibly have to lose?

Well, in this case I would have lost $0.07 per share, since $2.44 was the exact low of the day and I sold at $2.53 :o.

But I got your point of using a trailing stop rule.

Quote from: freimuch on August 08, 2005, 10:47:35 AM
david i read an article in the n.y. times i while back about this major trader stevey cohen lives in conn. took home last year 300 mil in profits anyways they wrote that he was so cool you couldnt no if he was having the best day of his life or the worst .regards your doing great david

Yes, that's the way to play this game if you want to have a good social life and good health too  ;) The feelings about winning and losing are so strong that only making an unnatural effort of contradicting them you can be more or less always at the same emotional spot.

You should feel love, fear, happiness and sadness, but not related to stock market events. After all, it's only money  ;)

QuoteDavid,  Best advice yet. Wil try to follow.

Great Pete, it's not easy, you need some training to do it well. But after some months doing this you'll feel much better about your social life (doesn't mean you feel bad now, of course, I talk from personal experience) and transform an unnatural thing into something you're used to do. In the long term it improves your chances of being a successful trader too, because you see things more clear and objective if you take out emotion from your market analysis.

Hi, Dav:

  I looked at your trading log, you sold it today.

  Too early. You can make much more profit. But anyway this is a very good play.

 

David,
Thanks so much for the BCON analysis, excellent work, donation on the way.

Looking forward to your future recommendations and to growing my brokerage account along side your exciting new venture!
Best regards,
Steve

David, why not just set a stop at 2.44 and let it run?
How can you set a stop loss order? I understand from my online broker (TDW) that you cannot stop otc/pk stocks ? Thanks for some clarification, Don.

Apparantly a trailing stop loss will work for OTC, or it could possibly just be my broker.

David, again nic pick !!  :D
actually BCON is traiding higher becuase of the new energy bill signed yesterday by George W. Bush.
I have also sold with 40% profit (too early :-[)
please check MCEL carefully (will post it under stock picking)

QuoteHi, Dav:

  I looked at your trading log, you sold it today.

  Too early. You can make much more profit. But anyway this is a very good play.

Thanks Shawfund, yes, I sold too soon, but I'm proud of having the discipline to follow a previously made trading plan.

QuoteDavid,
Thanks so much for the BCON analysis, excellent work, donation on the way.

Looking forward to your future recommendations and to growing my brokerage account along side your exciting new venture!
Best regards,
Steve

Thanks a lot Steve, we got your donation, this will value it's double in subscription fees after October 1. Today I'll look for one or two stocks with attractive risk/reward ratios.

QuoteDavid, why not just set a stop at 2.44 and let it run?
How can you set a stop loss order? I understand from my online broker (TDW) that you cannot stop otc/pk stocks ? Thanks for some clarification, Don.

QuoteApparantly a trailing stop loss will work for OTC, or it could possibly just be my broker.

BCON trades on the Nasdaq, not the OTCBB or Pink Sheets.

QuoteDavid, again nic pick !!  Cheesy
actually BCON is traiding higher becuase of the new energy bill signed yesterday by George W. Bush.
I have also sold with 40% profit (too early Embarrassed)
please check MCEL carefully (will post it under stock picking)

I'll take a look at MCEL at the Stock Picking Board when I get some time ... I still have some things to do before the open. Thanks for your post  :D

David, great call. 41.95% is truly amazing to me in that time span.

However it is your discipline that I am learning that is so beneficial.

Thank you for going beyond the great picks.   8)

Larry

Is there, now, a good buy-back-in time? Buy & hold for a time?

This is another technical play...

The reasons of this reentry:
- We are still Bullish on BCON for mid-term.
- In just 2 candles, BCON is now 30% below the highs of this rally;
- This deep move was made with decreasing volume...
- BCON opened a Gap UP which was totally filled yesterday.

So we believe this could be a good price level to buy back BCON.

I'll probably add BCON to the 3Stocks Portfolio near the open.
(I'll post here later the entry price).

Best regards,

The market agrees. +17% 240K shares traded in pre

Hi Frederick .. From the Pre market action, are you still gonna buy near the open or will the price come down a bit after everything settle down ?? TIA

Read at http://www.thestreet.com/_yahoo/funds/supermodels/10237506.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Bought BCON @ 2.67

Great, here we go again!  :)

This is definitley the triple shot espresso stock to watch, hopefully continuing its lurching march upwards. With that in mind, please don't leave us hanging...what's your target exit price?  Thanks!
Steve

Quote from: stevehoo on August 11, 2005, 11:35:32 AM
Great, here we go again!  :)

This is definitley the triple shot espresso stock to watch, hopefully continuing its lurching march upwards. With that in mind, please don't leave us hanging...what's your target exit price?  Thanks!
Steve

I don't have an exact target in mind... I just think this is an uptrend, and that BCON will follow this uptrend once again... to new highs...

I've bought momentum, and I'll sell momentum ;)
By the way... momentum is on fire  >:D

I got into BCON this morning at 2.88  little late.  then after it went above 3 I put in trailing stop.  Unfortunately it later stopped me out with a gain of 10.58 % I just cant seem to find one that will not stop me out :( >:(

This has just been doing awesome.Big jump today looks like some
institutional buying.


Net Institutional Purchases - Prior Qtr to Latest Qtr
  Shares
Net Shares Purchased (Sold) 2,163,510
% Change in Institutional Shares Held 16.3%

Just a heads up here.  I've read on the boards that earnings are due out after the bell tomorrow. 

bob,
  for a 10% gain when you bought in at 2.88 that means you had to have sold at 3.18+. the high of the day was 3.19. how are you complaining about selling 1 penny from the high of the day?? geez...

Because I think this has long term potential. I hate to have to sell a stock the same day.  That is what I meant. Seems like I always catch the ones that dip hard.  Would like to keep a runner once and awhile  ;D :D

Hi Bob,
I also went in a little late at $2.89, but I am still holding. Earnings soon, and I am not sure whether to sell or to hold now. ???

I think this stock has great potential. but I think i will sell before earning. just read this news http://www.fool.com/News/mft/2005/mft05080909.htm?source=eptyholnk303100&logvisit=y&npu=y   . I think a lot of people bought this on speculation and momenton. I had a few thousoud at a dollar but I sold cause it was not moving, feel like a fool now. I think earnings will be depressing, and there will be major selling. But for long term i think this could be a big winner. my opinion would be to sell before earning. Rumor is tommorrow but not sure. Be careful and protect profits. company has huge potential, but not much profit yet.

Jlong,

Thanks for your posts :). It is amazing that you read an article like that and another journalist has one posted like this one. He touts BCON as a possible double!No wonder us little guys get burned sometimes.
http://www.thestreet.com/_yahoo/funds/supermodels/10237506_3.html

So who to believe?

I go with 3SOF and the market . They tell me where BCON is going and it is hopefully up , up and away today ....then maybe I sell before earnings. >:D

BCON has been in the last few hours inside a very narrow trading range...
That's a range of indecision, and the reason is the Earnings Release after the close today...

Well... We are sitting on a +12% gain, made in just 1 day...
I'm taking this profit out of the table...

I don't know how it will be the earnings, neither the market reaction to it, so by taking the risk of selling BCON just before a big up move, I will protect this profit...
Yesterday I was almost sure of this move, because of technical reasons, but right now I have some doubts because of fundamental reasons... Mostly I believe the stock will continue to rise, the technicals are just great, but holding this position overnight, and over the weekend would make me fell like a gambler... That can't happen...

Sold BCON @ 2.99 a few minutes ago.

We may just jump again into BCON soon, even at higher prices.

Good luck to all holders!

Regards !

Felt really good to see that you are not keeping the stock through earnings. Applaud you for that. I have seen that this practice is very important in any money management scheme. Dont have a position in BCON. Goodluck for any one still holding.

Nice job of stepping up to the plate for David, Frederick.  Applause.  I can think of a few stocks that I wish I had dumped before earnings. Can't blame you a bit for locking in your profit.   

I hated to do that... Specially because the technicals are great... But in this specific case, I can't take the risk.

FYI:
http://biz.yahoo.com/bw/050812/125512.html?.v=1

Beacon Power Announces Second-Quarter 2005 Results
Business Wire - August 12, 2005 17:54

WILMINGTON, Mass., Aug 12, 2005 (BUSINESS WIRE) -- Beacon Power Corporation (Nasdaq: BCON), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, today announced its financial results for the second quarter ended June 30, 2005.

For the second quarter of 2005, Beacon Power reported revenue of $318,000, compared with revenue of $126,000 in the second quarter of 2004. Revenues for the six months ending June 30, 2005 were $954,000 compared to $184,000 for the same period in 2004.

Beacon Power reported a net loss of $1.8 million, or ($0.04) per share compared to a net loss of $2.3 million, or ($0.05) per share for the second quarters of 2005 and 2004, respectively. For the six months ended June 30, 2005 the Company reported a net loss of $4.0 million or ($0.09) per share, compared to a net loss of $4.4 million, or ($0.10) for the six months ended June 30, 2004.

For the quarter ended June 30, 2005, the Company reported total costs and expenses of $2.0 million, compared with $2.4 million for the second quarter of 2004. Total costs and expenses for the six months ended June 30, 2005 were $5.0 million compared to $4.6 million for the same period in 2004.

Beacon Power ended the second quarter of fiscal 2005 with approximately $3.5 million in cash and cash equivalents. This amount includes $1.5 million invested by Perseus 2000 Expansion, L.L.C. on May 24, 2005 in exchange for 1,666,667 shares of Beacon's common stock, a warrant to purchase initially up to 800,000 shares of Beacon common stock at a price per share of $1.008, and an agreement to extend the term of an existing warrant by two years through May 23, 2007. In addition, on June 13, 2005, Perseus invested an additional $500,000 in the Company in exchange for 595,238 shares of Beacon common stock and a warrant to purchase initially up to 138,636 shares of Beacon common stock at a price per share of $1.008. Pursuant to the terms of the Investment Agreement with Perseus, the Company used the $500,000 to purchase 111,111 Class A preferred shares of NxtPhase T&D Corporation, a company with which Beacon has entered into an agreement for the acquisition of NxtPhase, subject to various closing conditions.

"At the mid-way point of the year, we're proceeding on schedule with the two Smart Energy Matrix(TM) demonstration systems we're building for installation in California and New York," said Bill Capp, Beacon Power president and chief executive officer. "In less than one year, our engineering team has been able to design, develop, assemble and integrate the world's first flywheel matrix to demonstrate how responsive energy storage can provide grid frequency regulation. The result of their efforts is that the system was successfully tested and approved for shipment to California later this month, pending completion of installation site preparations."

Capp added, "With field testing of the first prototype Smart Energy Matrix imminent, and the expected shipment of our second system to New York in the fall, we're beginning to see interest in this demonstration from energy officials and experts around the country. With the Energy Bill now becoming law, including new standards for grid reliability, we believe that our cleaner, better-performing technology will represent an appealing alternative for grid operators and utilities."

"We continue to meet with potential investors and other industry supporters. We believe that we will be able to raise sufficient funds to continue operations and begin development of the flywheel system for the Smart Energy Matrix," said James Spiezio, CFO of Beacon Power

"BCON opened a Gap UP which was totally filled yesterday.

So we believe this could be a good price level to buy back BCON."
Why "opened a Gap UP which was totally filled" indicated that it would rebound  in this case?

Quote from: cmshop on August 13, 2005, 08:34:45 PM
"BCON opened a Gap UP which was totally filled yesterday.

So we believe this could be a good price level to buy back BCON."
Why "opened a Gap UP which was totally filled" indicated that it would rebound  in this case?

cmshop,

That was not THE reason... it was just one of the reasons:

The reasons of this reentry:
- We are still Bullish on BCON for mid-term.
- In just 2 candles, BCON is now 30% below the highs of this rally;
- This deep move was made with decreasing volume...
- BCON opened a Gap UP which was totally filled yesterday.
So we believe this could be a good price level to buy back BCON.

best regards,

QuoteWell... We are sitting on a +12% gain, made in just 1 day...
I'm taking this profit out of the table...

12% in 1 day >:D..Ramsburg special (applaud) great job!

 ;D
Looking good....

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 3.11
Trade Time: 11:12AM ET
Change:  0.24 (8.36%)
Prev Close: 2.87
Open: 2.91
Bid: 3.09 x 2000
Ask: 3.11 x 3700
1y Target Est: 1.42

  Day's Range: 2.65 - 3.14
52wk Range: 0.26 - 3.47
Volume: 6,168,218
Avg Vol (3m): 2,577,600
Market Cap: 135.80M
P/E (ttm): N/A
EPS (ttm): -0.12
Div Yield (ttm): N/A (N/A)




InPlay: Beacon Power reports Q2 results

9:22AM Beacon Power reports Q2 results (BCON) 2.87 :Co reports Q2 (Jun) revenue of $318,000, up 152% yr/yr. Co also reports a loss per share of $0.04. There are no analyst estimates. Co says "With field testing of the first prototype Smart Energy Matrix imminent, and the expected shipment of our second system to New York in the fall, we're beginning to see interest in this demonstration from energy officials and experts around the country."

MarketWatch
Market Pulse: Beacon Power quarterly loss narrows; rev more than doubles
Friday August 12, 6:32 pm ET
By Katherine Hunt


SAN FRANCISCO (MarketWatch) -- Beacon Power Corp. after the closing bell on Friday reported a second-quarter net loss of $1.8 million, or 4 cents a share, vs. a loss of $2.3 million, or 5 cents a share, for the same period a year ago. The Wilmington, Mass.-based provider of energy storage and power conversion solutions said revenue more than doubled to $318,304 from $126,484 a year ago.

+15% yesterday,
could somebody please give me technical advice for BCON?

TIA
O.

Very active.....let's rock.... 8)
+10.30%........Volume @ 4.5 mil

Broke the 3.53 resistance !

any price target ? ;D

Here's a technical advice for BCON: Buy and Hold  ;)

The stock is tremendous, I wish we've had not sold, not buying today because the management of a public portfolio is a bit different than when we're trading just for ourselves, there must be rules, and rules say don't buy anything that you have not announced before.

Anyway, if I were you, I would hold BCON. Definitely.

Quote from: la-onda on August 16, 2005, 10:06:42 AM
any price target ? ;D

A good question,Something to think about.
I don't have a target.
I'm holding until the chart tells me otherwise. ;D

Beacon Power reports Q2 results (BCON) 2.87 :Co reports Q2 (Jun) revenue of $318,000, up 152% yr/yr. Co also reports a loss per share of $0.04. There are no analyst estimates. Co says "With field testing of the first prototype Smart Energy Matrix imminent, and the expected shipment of our second system to New York in the fall, we're beginning to see interest in this demonstration from energy officials and experts around the country."

Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.

Thanks Tirebldr for posting the news.
End of day chart. I will hold until chart tells me to sell.

Hi la-onda and David,

May I ask a technical advice for BCON?
It can't break a very strong resistance - may be it's a good time to close position?
Hope, it's only a consolidation phase...

Unfortunately, last time I bought at 3.5  :( very close to loss....

Regards,
Gregory

Please read Davids last comment, I have also bought this one around 3.5$
I will hold

Hope this helps
O.
;)

Definitely it helps,

Thanks and good luck  :)
Gregory

For your viewing pleasure.

http://media.corporate-ir.net/media_files/NSD/BCON/presentations/102104.pdf

Awesome.... ;D
Is ther anyone loving this as much as me? :D :D :D
****************************************************************

• InPlay: Beacon Power notches fresh high of 3.82, nearing last wk/52-wk high at 3.90
Briefing.com (Mon 10:06am) 

**********************************************

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 4.08
Trade Time: 3:39PM ET
Change:  0.50 (13.97%)
Prev Close: 3.58
Open: 3.73
Bid: 4.08 x 11600
Ask: 4.09 x 8000
1y Target Est: 1.42

  Day's Range: 3.63 - 4.10
52wk Range: 0.28 - 3.90
Volume: 17,995,876
Avg Vol (3m): 3,706,040
Market Cap: 199.33M
P/E (ttm): N/A
EPS (ttm): -0.11
Div Yield (ttm): N/A (N/A)

I'm right there with ya setravis....wish I would have bought more shares lol :o

This one is skyrocketing. Is there still a technical target?
I am still in...

BCON on fire again!
Thanks David for your pick again!

updated chart:

it is exactly very POWER this stock....

purchase now and you will be happy forever...


yesssssssss ;D

And then there is white tuesday  lol  :o :o :o      yea baby up up up

David,

Thanks much, this has been a great stock for me since the 2.70's.  Do you think there is more upside from here left?....its been a good run!

Knock..knock..knocking on Heaven's door.... ;D
An awesome display of power..... :o
Feel The Power!!!!!! ;)
I'm not going to tell you how much I'm up! :o

This thing is on fire.....Smokiing!!
+11.18%....... last price 5.27.....Volume 8.8 mil

I'm out @ $5.26.   ;)  Was in @ $2.49 I'm not sure if i'm out too soon ???

Should drop back under $5
Congrats to you my friend

If it stays around the 5.18-5.25 thru the day, then at around 2 p.m, it might break the high of the day.

I bought BCON at .90 cents in mid-June and like so many other times, I sell my winners too early and don't go up for the full ride.  I just find it too hard to believe a stock can give me more than 200% and I take my profits off the table before their peaks.  I sold BCON like an idiot a day after the flywheel announcement -- the day of the gap up open to 2.55.  But getting out at 2.50 was good enough for me.  Even though in retrospect, I could have done much better.   I was also in WLDA at 6.00 and sold at 10 -- missing the biggest move.  Same with HISC, bought in at .03 and sold at .07, missing the ride to .12.  And IFDG, another 200% gain that could have been 400%.  And ADBL too, which I got at 3.05 and sold at 12 - missing the ride to 25! Though booking profits feels fine, it causes a sinking feeling not to be with the stock any more as it keeps on climbing.  I bought MCEL several weeks ago at 1.92 and just bought FLWE today at .80.  I really think that rides like BCON and ISON (which I rode 300% in five days) and HISC are easier to find, but harder to stick out.  Anyway, it will be interesting to see how BCON trades over the next few weeks.  I think it peaked today at 5.35 and will head down a little for a while.  It has a dark cloud cover candle now.  But I'm no expert on selling.   

Lesson I learned is to implement a trailing stop near the close of the day rather than sell at a specific price target.


Another lesson is the next day after a white candle with no upper shadow the stock usually continues the uptrend.

Tomorrow I'm watching WVWC for an entry below today's close. Hoping to catch .325

hey, please check updated chart.
IMO this is just a normal correction but I would appreciate TA analysis comments by our experts!

Tack se mycke in advance

Hi la-onda,

Unfortunately, I can't believe that it's a "normal correction". IMHO, it was sell-off by big players... so something happens behind the scene. I don't know what, but I don't like it  :(
I was absolutely shocked yesterday.... from +12% to -8% during 2 hours...

And I would appreciate comments by our experts not only for TA analysis, but overal view (TA+fundamental+news)  ;)

Thanks in advance,
Gregory

FYI:
BCON: Short Interest UP 4440.7% to 265.7K in Aug 2005

Thursday , August 25, 2005 06:00 ET

According to new short interest data from NASDAQ, short interest for Beacon Power Corporation (NasdaqSC: BCON) INCREASED 4440.7% to 265,724 shares for the month ended mid-August, 2005.

SYMBOL              JULY          AUGUST          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
BCON               5,852         265,724        +259,872     +4440.74%           1
Based on BCON's 20-day average daily share volume of 12,112,665, it would require approximately 1 day(s) of buying to cover this short interest.

BCON is one of the most bullish stocks and charts on the street. I'll be looking to buy it, not today, but perhaps tomorrow or in a few days.

Somewhere between $3.75 and $3.90 will be a nice entry point, I believe.

Everyday I saw this stock rise I got  :'(, so this pullback is very welcome for me to get back in, doesn't matter if it is at a higher price.

But short term it looks bearish, up a lot intraday yesterday and today and now negative.

I love it fundamentally and I'll be a buyer on dips over the coming days.

well here are your rentry area !!
you will buy or you will wait?

bought at 3.77...

bought some at 3.75 and some more at 3.85

Quote from: la-onda on August 25, 2005, 11:55:24 AM
well here are your reentry area !!
you will buy or you will wait?

Hell, I can't buy today, not for the 3 Stocks on Fire Portfolio and I like to match the real deals with the Portfolio. I always tell in advance what I will buy or sell.

Besides, I find it difficult for BCON to make a bullish candle today, the stock opened at $4.48, was up 10%, then down more than 10% and now is down about 6%. The general market is still up a bit and I expect it to tank during the afternoon, I think BCON will go down with it ... I hope not, because I guess many people still hold BCON (I wish I held it too, I sold at $2.99  :-[), but that's my expectation ...

So, I'll wait  :)

Thanks tirebuilder  ;) The last 2 days look pretty ugly for BCON. 

Two down days with high volume.

The run is over.

It presented a high realibility "Bearish Reversal Candlestick Pattern"
both yesterday and today:

Yesterday - Dark Cloud Cover
Today - Three Outside Down (confirmation of yesterday's pattern)

It touched 9 day MA and bounced back today though. Most people will take profit when seeing the bearish patterns.

This is a story stock and we will not see profit from the company until .....

VPHM is for real - a killer drug.

Livelife, I think you are being a little to lively.  Is there any reason to spam the board like this? >:(

Good morning all, David, are you buying back in at this level. Just curious!

Cheers

Quote from: usedcasting on August 31, 2005, 07:42:36 AM
Good morning all, David, are you buying back in at this level. Just curious!

Cheers

Not yet, I'm looking to buy BCON, but not today. Of course, you will know when I'll do it in advance, hours before I actually purchase the shares  ;)

I wonder if it won't come down to the 50% retracement ... the short term trend is bearish now, perhaps it needs to form a base before another powerful leg up.

Good luck usedcasting  :)

What is a fair value for BCON and can you compare it it in any way with VPHM, i mean was the recent big runup of BCON justified?!
Tia!

BCON touched the 50% retracement level yesterday, around $3.20. I would like to buy the stock today, but I won't do it on a higher open, the stock probably won't be able to sustain that throughout the session (because of yesterday's bearish candlestick, it needs to come to negative territory before a sustained advance takes place).

Here's my plan: buy it in the first hour of trading at $3.20 or not at all (the stock is set to open at $3.40, that's the price on the pre-market).

I've made some good trades on BCON before the big run up from this $3.20 level and I'm glad I have the chance to buy back the stock at these attractive levels.

Wish me luck  :D

(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. The 3 Stocks on Fire Portfolio is up 148% since inception on 28th of April 2005 (http://www.3stocksonfire.org/3stocksonfire.php). 3 Stocks on Fire is a Community of stock traders and investors. Our 3191 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register (http://www.3stocksonfire.org/trading/index.php?action=register) and receive our free newsletter)

hi,
question about gapping up in the pre market. i noticed bcon selling this morning at 3.95
265,000 shares. when there is a lot of selling like that in the pre market is it safe to presume that after a higher open it will start to retrace  , i noticed this yesterday also with vphm open at 7.20 with a lot of selling pre market rather than buying and then moved down .
(i realize it is not safe to presume anything in the market lol)
any input would be greatly appreciated,
thanks
maxi

 ;D
active in the pre-market..
+6.12%.....Volume......275,031

Yesterday the BCON action had the effect of producing a nice white candle almost totally reversing the prior days red candle (railroad reversal pattern, not  a perfect one, but still one). So todays gap action is a follow on from that bullish pattern. Could be setting up a push through $4.

Chart looking good.......

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 3.80
Trade Time: 10:57AM ET
Change:  0.23 (6.44%)
Prev Close: 3.57
Open: 3.57
Bid: 3.79 x 9900
Ask: 3.80 x 3400
1y Target Est: 1.42

  Day's Range: 3.55 - 3.90
52wk Range: 0.35 - 5.35
Volume: 2,910,830
Avg Vol (3m): 7,032,190
Market Cap: 185.65M
P/E (ttm): N/A
EPS (ttm): -0.11
Div & Yield: N/A (N/A)

anyone notice the sudden interest in bcon....last two days.........?  I bought this am

looks like the day.................bought this am

We noticed...there is a thread running on it...I will bring it to the front page and you can read all the post in there. I'm still holding..... ;D

Today's chart

It is time for me to take profits....Sold BCON and also CPST. ;D
It was a nice ride....... :o  Maybe we shall do it again sometime ;)

I believe BCON is about to breakout early next week. All we need is a few more says and volume. What do you think? :-\

My apologies for such a lousy chart

Holding up and riding along this 50% fibonacci retracement.
Watch it....may be warming up to make another leg up.
Support @ $2.97....2.63
Resistance @ $3.25...3.73...3.94
Stochastic is bullish

Technicals
Last Price Quote is:
-4.59%below 13-day EMA
6.33%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $157.80 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Looking for a bounce here.  :)

Opinions?

Classic pump and dump stock.  Would not touch it until it goes back to where it started - somewhere in the $1 to $1.50 range ... whatever that early trendline extended would show

only 1 question comes to my mind, how low can it go ... ???

Play it again Sam......
Bought BCON @ $2.20

Press Release Source: Beacon Power Corporation


Beacon Power Announces Award of Phase II SBIR Contract for Advanced Flywheel Energy Storage System
Monday October 10, 10:27 am ET 
Receives $750,000 Contract from Air Force Research Laboratory for "Extreme Energy Density Flywheel Energy Storage System" for Space Applications


WILMINGTON, Mass.--(BUSINESS WIRE)--Oct. 10, 2005-- Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, announces that it has been awarded a contract through the Air Force Research Laboratory (AFRL), and co-funded by the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense. The contract, valued at $750,000, is for the preliminary design of a space-based flywheel energy storage system for satellite applications, and is a Phase II award under the Small Business Innovation Research (SBIR) program of the U.S. Small Business Administration's Office of Technology. Beacon announced completion of an associated Phase I project earlier this year.


"We're very pleased to receive this contract from the AFRL and DARPA," said Bill Capp, Beacon Power President and CEO. "This project is not only an important step toward expanding the applications for flywheels, it will also help us develop key technical innovations that can reduce the cost of future commercial systems. Our primary focus continues to be the development of systems for power grid frequency regulation, based on our Smart Energy Matrix design. I believe that the work associated with this project holds significant promise for further commercial applications of our technology, both on the ground and in space."

"I congratulate Beacon Power and its employees in Wilmington on receiving this SBIR Phase II award and wish them success in executing this important contract," said U.S. Representative John F. Tierney (D-MA). "The SBIR grant program has been utilized in this state and region as a means to advance technology, create job opportunities, and move specific important projects from the drawing board to production. It is an example of government/private partnership investments that help America maintain a competitive edge."

Under terms of the contract, Beacon will lead a 15-month technical effort involving researchers and scientists from Goodrich Space Flight Systems, Optical and Space Systems Division, Goodrich Corporation; Purdue University; and Texas A&M University.

Flywheel energy storage systems have the potential to be used in a variety of space-based applications, including providing power to low-earth-orbit satellites during the 30 minutes these satellites orbit in darkness and their solar panels cannot provide power. Compared to electro-chemical (battery) alternatives, a flywheel-based system is expected to be more reliable, have a much longer life, be able to be charged and discharged constantly, and deliver higher performance even under extreme temperatures - all significant advantages for space applications.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon's Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995:

Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product on a commercial basis; limited commercial contracts for sales to date; little experience managing operations in geographically dispersed locations; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the recent volatility in the stock price of companies operating in the same sector; the difficulties that often arise in integrating operations of companies after a merger or acquisition; the power of controlling shareholders and the limited ability of others to influence the outcome of matters put to the vote of shareholders. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.



--------------------------------------------------------------------------------
Contact:
     Beacon Power Corporation
     James Spiezio, 978-694-9121
     [email protected]



--------------------------------------------------------------------------------
Source: Beacon Power Corporation

News out this morning.
I'M speculating on a run north!  ;)

Up and moving....

Anyone heard any news from the tour?  Today, Oct. 19th, was the day.

Stock is moving up but sure would like to see some volume!

Quote from: lbotez on October 19, 2005, 07:41:00 PM
Anyone heard any news from the tour? Today, Oct. 19th, was the day.

Stock is moving up but sure would like to see some volume!

I haven't been able to find anything on it.
Maybe we will see a release of some news on this subject tomorrow.

The 5 Min chart for this week shows a symmetrical triangle formation with an upside price target of around 2.85 - keep an eye out for a break above 2.55 tomorrow or friday, though it could also pull back to the ascending trendline again. 

Not sure whether this is on any news, but the downward trend seems to have been  broken for now.  The triangle could break to the downside as well, so keep an eye out for any intraday break below the ascending trendline.

Happy trading  ;D

pullback to ascending trendline today - may make a go for it tomorrow  ;)

10 day chart:

Applaud your work ScottishTrader! ;)
We need a few more heads in here giving their take on what's what.

********************************************************************
• BEACON POWER CORP Files SEC form 8-K, Entry into Material Agreement, Financial Statements and Exhibits
EDGAR Online (Thu, Oct 13)

News Link:    http://finance.yahoo.com/q/h?s=BCON

********************************************************************

Press Release Source: Beacon Power Corporation


Beacon Power Demonstrates Scale-Power Smart Energy Matrix for California Energy Conference Attendees
Thursday October 20, 3:27 pm ET


WILMINGTON, Mass.--(BUSINESS WIRE)--Oct. 20, 2005--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, has announced that its first scale-power Smart Energy Matrix system, recently installed in California, was demonstrated on October 19, 2005, as part of an international energy storage conference. More than 70 attendees of the International Electrical Energy Storage Applications and Technologies (EESAT) conference toured the installation in San Ramon and were able to get a close look at Beacon's new system in operation.
ADVERTISEMENT


The attendees, representing electric power utilities from the U.S., Canada, Europe, and Asia, as well as government agencies, universities, industry analysts, and manufacturers, witnessed performance tests whereby the system successfully received and automatically responded to pre-recorded signaling, transmitted remotely from Beacon Power's Massachusetts facility. The test signals that were used reflected a wide range of possible ISO-generated commands, requiring that the flywheel matrix be fully charged and fully discharged multiple times, with various steps in between. In addition, the system's operating interfaces, data acquisition capabilities, and remote monitoring software were also graphically demonstrated.

"This was a great opportunity to show a highly informed audience the potential for flywheel energy storage to play a key role in grid reliability," said Bill Capp, Beacon Power president and CEO. "This first Smart Energy Matrix thus far has been running well and operating as expected, and we're very pleased with its responsiveness and performance. We look forward to the next major milestone: live ISO-generated signaling and formal acceptance testing with the customer in December."

Beacon's scale-power flywheel-based energy storage system, which was built under contract to the California Energy Commission, in collaboration with the U.S. Department of Energy (DOE) and the California ISO, is designed to demonstrate the feasibility of providing highly responsive and cost-effective frequency regulation services for the electricity grid. This demonstration Smart Energy Matrix has all the functionality of the planned commercial system at a 1/10th power scale. The system is installed at the Pacific Gas & Electric Distributed Utility Integration Test (DUIT) site, where the country's first integration testing of commercial-grade, utility grid-interactive distributed energy resources is being conducted, including Beacon's system.

Beacon Power continues to make progress building a second scale-power Smart Energy Matrix demonstration system, under contract to the New York State Energy Research and Development Authority (NYSERDA). This system, developed in collaboration with the U.S. Department of Energy and the New York ISO, is planned for delivery to a grid-connected industrial site in Amsterdam, New York, before the end of 2005.

seeing some action also... ;D a change maybe  ???
+14.34%.......Volume @ 4,750,089

Quote from: setravis on October 10, 2005, 10:45:33 AM
Play it again Sam......
Bought BCON @ $2.20

Press Release Source: Beacon Power Corporation


Beacon Power Announces Third-Quarter 2005 Results
Monday November 14, 6:11 pm ET


WILMINGTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2005--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, today announced its financial results for the third quarter ended September 30, 2005.


For the third quarter of 2005, Beacon Power reported revenue of $304,064, compared to revenue of $80,902 in the third quarter of 2004, an increase of $223,162, or 276%. Revenues for the nine months ending September 30, 2005, were $1,258,503, compared to $264,793 for the same period in 2004, an increase of $993,710, or 375%.

Beacon Power reported a net loss of $2.1 million, or ($0.04) per share, compared to a net loss of $1.9 million or ($0.04) per share for the third quarter of 2005 and 2004, respectively, representing an increase of approximately $0.2 million or 16%.

For the nine months ended September 30, 2005, the Company reported a net loss of $6.2 million or ($0.13) per share, compared to a net loss of $6.3 million, or ($0.14) per share for the nine months ended September 30, 2004, which represents a decrease of approximately $0.1 million or 2%.

In the third quarter of 2005 a one-time charge of $0.7 million for costs relating to the proposed acquisition of NxtPhase T&D Corporation was expensed. The Company now believes it is unlikely that this transaction will be completed and, as such, has recorded this expense for its previously capitalized direct merger costs.

Beacon Power ended the third quarter of fiscal 2005 with approximately $3.4 million in cash and cash equivalents. This amount includes $3 million recently invested by Perseus 2000 Expansion, L.L.C.

Subsequent to the end of the quarter, on November 8, 2005, the Company raised approximately $15 million, before expenses of approximately $0.8 million, from ten institutional investors in a private placement. The Company expects to use the proceeds to begin development of its Smart Energy 25 flywheel, which is a key component of the Company's Smart Energy Matrix system for frequency regulation.

"The recent investment of $15 million in Beacon is a vote of confidence by the investment community in our technology, our products and our people," said Bill Capp, Beacon president and CEO. "During the quarter we shipped and installed our first Smart Energy Matrix demonstration system in California, and on October 7th we were awarded a $750,000 contract from the United States Air Force Research Laboratory and the Department of Defense's Defense Advanced Research Projects Agency to design a flywheel for space applications.

"By continuing to pursue research and development contracts while simultaneously developing our next-generation flywheel system, we can add revenue, improve our technology, expand our energy storage product offerings and provide greater value to shareholders," Capp added.

About Frequency Regulation

One of the most challenging aspects of today's electricity grid is that the amount of power generated and the amount consumed must be in exact balance at all times. When imbalances occur, the frequency of electricity (60 hertz in the U.S.) that end users require will not be maintained, which adversely affects grid stability. The constant balancing of power demand and production to maintain a stable frequency is called frequency regulation. Beacon's Smart Energy Matrix is a flywheel-based energy storage system that is intended to be a long-life, environmentally friendly solution for frequency regulation, with no fuel consumed and no emissions generated. More details, along with an informative animated presentation, are available at www.beaconpower.com.

Lets put this one here:

Quote from: Terlisa on November 14, 2005, 09:25:26 PM
CPST in action!!.... i guess BCON will follow  ;) i've been watching BCON for days & it just stays at support level & the uptrend still valid.. ;)

BCON up 10% ...ready for another rebound ;)

I'm going to take a position in BCON in the morning.

Great job Terlisa !! ;D

This is THE stock of the day..
Buy today at about 2.090
First target at 4.90
stop loss at 1.590
Ratio = 134/31.4 = 4.26...Good...

Technicals :
Triangle breakout on high volume
End of the firt correction of the trend ! Fiboncci ratio of 0.792 (great)
MACD > 0 and +DI crosses over -DI and ADX < 20 and ROC  > 0 -> go for a new uptrend !!!!

This is juicy - in at 2.19

Got in @ 2.15 this morning...used a really tight stop though, either it's gonna work or it's not.

Nice one!

Quote from: seb_spa on November 16, 2005, 03:47:42 AM
Great job Terlisa !! ;D

This is THE stock of the day..
Buy today at about 2.090
First target at 4.90
stop loss at 1.590
Ratio = 134/31.4 = 4.26...Good...

Technicals :
Triangle breakout on high volume
End of the firt correction of the trend ! Fiboncci ratio of 0.792 (great)
MACD > 0 and +DI crosses over -DI and ADX < 20 and ROC  > 0 -> go for a new uptrend !!!!

Thanks SEB SPA....  we got resistance coming @2.67

Quote from: seb_spa on November 16, 2005, 03:47:42 AM
This is THE stock of the day..

HEY NOW...my PNK is giving this thing a run to the closing bell here :)

Anyways, decent day all together...good stuff Terlisa, thanks ;)

tomorrow, Thursday, Nov. 17th, is BCON's annual stockholders meeting.

stock may go up more tomorrow.  Momentum may push it up.

Don't forget:

Ten institutional investors agreed to provide a total of $15 million to Beacon in exchange for approximately 9.9 million newly issued Beacon common shares. Beacon also agreed to issue warrants to these investors, covering up to 3 million shares exercisable at $2.21 per share. Merriman Curhan Ford & Co. acted as sole placement agent in this transaction.

Have posted here....no need for a re-write.

http://www.3stocksonfire.org/trading/index.php?topic=441.45

Holding on...I'm not ready to sell just yet.Higher Lows, Higher Highs.
At support, the green line.
Support @ $1.92...1.73
Resistance @ $2.12...2.27...2.52

From a request by waxweazle, here is my opinion on BCON.

BCON seems to be at the beginning of the reversal even though its first breakout of the downtrend on the 3-month chart failed. The fact that it broke out from its 2 month long downtrend is significant.

BCON seems to be finding support at the 200 DMA and the MACD is sloping up again, close to crossing over into the positive region, which are bullish indicators.

In order for BCON to be in a strong bull run, it must break through the $2.50 resistance on the next breakout with high volume. Currently volume is still low... compared to the volume throughout the downtrend.

So if you're a swing trader, right now wouldn't be a bad time to take on some long positions. But there are some risks if you would like to hold BCON long term... who knows when BCON will break through $2.5? Perhaps the 2nd breakout will fail again, leading to a zig-zag consolidation pattern. You'd have to be a bagholder then. So if you buy now, I would sell around $2.5 to pocket the gains... watch... then buy again after it breaks through $2.50, which is a clear sign for reversal and a bull run which has potential to run up to $4+.

And of course, if BCON ever falls below the 200 DMA, it's obviously bearish and NOT a stock on fire.

My [2] cents.

Thanx to you!!!

When i look to the chart.

My opinion is: Retest of the breaking Downtrend to confirm the breakout.

I´m right?

I like BCON here for the following reasons:

1. November 15, it took out the down trendling channel on some volume.

2. On the breakout, it got to 2.35, printing a "higher high" above the last high in the channel, which was 2.20 on November 2.

3. There was some volume on the pullback from the 2.35 high, but volume now has dried up.

4. We had  doij stars on November 29 and November 30 near the 200DMA, and the 200DMA held.

5.  December 1, the high of the doji stars (1.84) was taken out to the upside.  The close was 1.84.

6.  MACD double-bottomed and made a positive divergence at the October 31 low of 1.70.
At yesterday's 1.7498 low, then rally to 1.86,  MACD turned up from a back-test of its signal line.

7. Yesterday's low of 1.7498 was almost an exact tag of the 200DMA.  It held, and the stock moved higher into the close.

8. Despite the big correction in the stock, the 50DMA still is above the 200DMA.

9. We have a possible month-long "W"-bottom in the making.  We need a print of 2.36.

10. Nice risk/reward on a trade here, even if BCON only gets back to the 50DMA, or back to the recent 2.35 high.  Stop: below 1.70.

Here's the MACD postive divergence at the October 31 low of 1.70, and yesterday's tick
higher in the MACD from just above its signal line (sorry, the latter is difficult to discern from this chart).  That's often a nice signal.  A rally in the stock should send the MACD up through zero.


http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:BCON&Interval=D&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9

Bought BCON at 1.83.  Stop: below 1.70.  Risk: a loss of about 8%.

Some action here...

BCON is up .13 at 1.94, with volume and price picking up in the past 5 minutes or so. 

Good old BCON.....
Looks to be getting a bounce off the 200-dma
+10.49%......Volume @.....2,654,477

BCON is capitalizing on the nice technical picture that we discussed before Friday's open.  It's up better than 10% today on almost 2X daily volume.  I'd like to see a close above the psychological 2.00 level.

BCON currently is BID 2.00...ASK 2.01.

http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:BCON&Interval=60&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9

Hey Melf elf, you got $2.00 ++++++. Congrats and great info on this play.

uc.

Melf, I read your excellent analysis this weekend and bought today. Applause to you!

BCON is doing a live demo with Media people tomorrow in California...

today closed at HOD, 2.07...

there probably will be a PR in the morning, or sometime tomorrow.

I expect this to pop tomorrow, to 2.25 - maybe 2.50.

Good for ride up.

Next PR should be when they ship the demo unit to New York State energy..  we have been told this will be before the end of the year (which is ending soon)...

this might pop it up to $3 (depending on how far down it drops after tomorrow's news).

Melf Elf-

Have you set up any kind of a price target?  If we get thru the 50 ma (2.19) and break the 2.35 Nov. 16 high, I feel like it could be a pretty fun few days.

Quote from: bjc on December 06, 2005, 12:03:02 AM
Melf Elf-

Have you set up any kind of a price target?  If we get thru the 50 ma (2.19) and break the 2.35 Nov. 16 high, I feel like it could be a pretty fun few days.

bjc,

If BCON can take out the middle of the "W," that would put 2.95 IN PLAY.  I use the more conservative of the two legs of the "W" to derive the target.  The left leg is 1.70.  The right leg is 1.7498 (1.75), so I use the right leg:

Math:

2.35 - 1.75 = 0.60 points, added to a breakout above 2.35 = 2.95 IN PLAY.

If we  use the left leg (1.70), that would be a target of 3.00 IN PLAY.

Up in that same price area, we've got:

1. Prior low resistance at 2.90

2. The top of the Ichimoku Kinko Hyo Kumo (Cloud), currently at 3.00 (see next post).

3. The .382 Fibonacci Retracement of the decline from 5.35 to 1.70, at 3.09.

So, it looks like if BCON can take out 2.35, we ought to get to that 2.90-3.09 area.

usedcasting and Luke Q. - Hope we all make some $$$ on this one.  ;)

We're headed directly into the Kumo (Cloud), which represents overhead resistance.  We've got a nice five week base, though, from which to attack it.  The reward, if we can get through the Kumo (Cloud), is that 3.00 area.

Seems like people are waiting to hear how the presentation went.  According to someone on the Yahoo! MBs, a San Francisco news station will be reporting the story at 12:00 PST, or 3 Eastern.

Heating up in the pre-market....
Pre-Market (RT-ECN): 2.14  0.18 (+9.18%)

hi melf elf,
could you tell me what the kumo cloud is based on ? is it moving averages?
thanks
max

Quote from: rickjust on December 07, 2005, 09:24:23 AM
hi melf elf,
could you tell me what the kumo cloud is based on ? is it moving averages?
thanks
max

max,

Here's the explanation from Metastock.  I use the suggested time periods (see italics below), to reflect the change in trading days.  Metastock automatically does the calculations for you, once you select on the parameters page what time periods you wish to use :

"The Ichimoku Kinko Hyo was developed by Goichi Hosoda, a Japanese newspaper writer, writing under the pen name "Ichimoku Sanjin."  He developed this charting technique before World War II, and offered it to the public when he published his book in 1969. 

Ichimoku translates as "a glance" or "one look."  Kinko Hyo translates as "the table of equilibrium" or "balance table."  Hence a chart displaying this indicator provides a broad look at the prices in a single view.  You should be able to look at the chart and know at a glance whether to buy or sell.

Three key time periods are used to calculate the five individual plots used in the indicator.  These times periods are based on the trading conditions at the time the indicator was created: Japan in the 1930's.  At the time, a trading week was six days instead of the five days we are used to today. Some traders may wish to alter the time periods to reflect the change in trading days.

9 periods = one and a half weeks (now 7.5 periods. use 7 or 8
26 periods = one month (now 22 periods)
52 periods = two months (now 44 periods)

The Ichimoku Kinko Hyo indicator is composed of the following five plots, in addition to the closing prices.

Tenkan-sen. (Dark Green Line*) The standard line. This plot provides signals when paired with the Kijun-sen. The default periods for this plot is 9. The calculation for this plot is (Highest High + Lowest Low)/2. The highest high is the highest high over the last specified number of time periods. By default, this is the highest high of the last 9 periods.  The other highest highs and lowest lows are calculated the same way.

Kijun-sen. (Dark Red Line*) The turning line.  This plot provides signals when paired with the Tenkan-sen.  The default periods for this plot is 26. The calculation for this plot is also (Highest High + Lowest Low)/2. However, the values are taken from a 26 periods time frame instead of a 9 periods time frame.

Senkou Span A. (Vertical Lines*)  The first span. This plot creates the Kumo (cloud) when paired with Senkou Span B.   The default periods for this plot is 52.  The calculation for this plot is (Tenkan-sen + Kijun-sen)/2.

Senkou Span B. (Vertical Lines*) The second span.  This plot creates the Kumo (cloud) when paired with Senkou Span A.  The default periods for this plot is 52.  The calculation for this plot is (Highest High + Lowest Low)/2. 

Chikou Span. (I don't use it.  I didn't understand it, so I made it "invisible" on the Parameters Page*)  The delayed line.  This plot is simply the close plotted the desired number of time periods in the past.  The default periods for this plot is 26.  In this case, today's close would be plotted 26 days ago. 

See Plotting an Indicator for more information on plotting indicators.  See Ichimoku Kinko Hyo  for more information on the Ichimoku Kinko Hyo parameters.

* My comments, not Metastock's explanation.

It's interesting how the Ichimoku Kinko Hyo chart comes into play.  Yesterday, for example, the bottom of the Kumo (Cloud) was 2.085.  BCON made a high of 2.09 near the open, then sold off.  The Kumo (Cloud) is overhead, so it's resistance here. 

This morning's high is 2.11 near the open, and BCON has sold off again.  BCON needs to "plow through" that Kumo (Cloud), so to speak. 

thanks for the explanation melf elf,
looks like bcon has sold off today . (sell the news seems to be the most reliable indication out there!) i also saw a head and shoulders pattern forming in the past 2 day intra day chart so i wasn't suprised at the sell off.
thanks again, i am looking to get in but i hate losing money ( probably why i lose so much! :-\)
so i might leave it another day,
maxi

Quote from: rickjust on December 07, 2005, 10:19:11 AM
i also saw a head and shoulders pattern forming in the past 2 day intra day chart so i wasn't suprised at the sell off.
thanks again, i am looking to get in but i hate losing money ( probably why i lose so much! :-\)
so i might leave it another day,
maxi

maxi,

I see what you mean about the H&S, but if you connect yesterday's highs and lows, it also looks like a Bullish Falling Wedge, and this morning's gap opening to a new high for the move would seem to confirm that. 

I hate to see those gaps, though.   :P

We've done a partial gap fill since the open.  I'd like to see BCON close near the high end of today's trading range, and definitely would like to see yesterday's low of 1.91 hold.

http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:BCON&Interval=15&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9

well it closed near the high of the day so maybe it will be flying on radar through that cloud until it reaches blue sky,
thanks for the explanation ,
maxi

Quote from: rickjust on December 07, 2005, 04:08:09 PM
well it closed near the high of the day so maybe it will be flying on radar through that cloud until it reaches blue sky,

maxi,

We've got a way to go before we reach blue skies.   :D

The bottom of the Kumo (Cloud) yesterday was 2.075, so with yesterday's close of 2.09, we've made contact, and have one foot on the bottom rung of the ladder for a climb higher.

The top of the Symmetrical Triangle (blue lines) comes in today at 2.17 and the 50 DMA (not shown) comes in at 2.12, just above yesterday's high of 2.11, so 2.12-2.17 is next resistance. 

Some backing and filling here is fine, but we soon need a thrust higher so that MACD doesn't roll over to the downside from below zero, etc.

Since I have seen that you, Melf Elf, have been doing some posting here on BCON.
Thought I would drop in here and let you know that you are doing outstanding work !!  ;)
Keep it up. Applaud to you! And mean it will be just more than one... ;)

hi ,
here is a basic swing chart on bcon. it is still making lower bottoms lower tops. i would like to see it break 2.18 for a safe entry for me . the swing chart is very basic but it cuts out a lot of the "noise" in a chart and gives you a good indication of where the stock is based on its trend.
thanks
maxi

Wow...BCON just took off in the last five minutes from 1.89 to 2.15.  Must be some news.  That's a new print high for the move, and 2.15 is right at the top of The Symmetrical Triangle on the daily chart posted above.

Thanks for you comments, setravis.

http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:BCON&Interval=15&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9

    BCON demonstrates smart energy matrix, just came out on Command Center streaming news and shot the price up. 

Melf Elf...how do you see this affecting the TA....comments...take the quick profit or ride it into tomorrow...thanks

Quote from: patriotmp on December 12, 2005, 02:33:15 PM

BCON demonstrates smart energy matrix, just came out on Command Center streaming news and shot the price up. 

patriotmp,

Thanks for that news.  Applause.

QuoteMelf Elf...how do you see this affecting the TA....comments...take the quick profit or ride it into tomorrow...thanks

Scroll up and look at my daily chart from December 8.  The top of the Symmetrical Triangle comes in today at 2.147; today's high on the news run-up was right there, at 2.15.

BCON has pulled back now to 2.02, so taking a quick profit at the top of the Symmetrical Triangle would have worked, but personally, I'm going to hold BCON long.  I don't want the problem of trying to get back in it on an upside breakout.

I'll post a daily chart before the open tomorrow with today's candlestick.

Press Release Source: Beacon Power Corporation


Beacon Power Demonstrates Smart Energy Matrix System
Monday December 12, 2:13 pm ET 
California and Federal Energy Officials Cite Project Accomplishments and Highlight Potential for Commercial Service


WILMINGTON, Mass.--(BUSINESS WIRE)--Dec. 12, 2005--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, was featured in a press briefing organized in collaboration with the California Independent System Operator (ISO) on December 6th at a PG&E facility in San Ramon, California. Beacon demonstrated the performance of its scale-power Smart Energy Matrix for journalists from statewide television, radio and print outlets, as well as industry and wire service reporters. Presentations were given by executives from the California Energy Commission, U.S. Department of Energy, the California ISO, and Beacon Power, followed by a close-up demonstration of the flywheel system's capabilities.


"This was a great opportunity to share the story of Beacon's flywheel technology, and the promise it holds for making California's power grid more reliable," said Bill Capp, Beacon Power president and CEO. "We are pleased to see the enthusiasm of visitors to the facility, who can walk inside this scale-power Smart Energy Matrix and see for themselves that this integrated group of flywheels can switch easily and repeatedly from full power charge to full power discharge in a few seconds. They come away with a good understanding of the technology and its performance."

Ken Wiseman, Chairman of the Board of Governors of the California ISO, was one of the speakers. He pointed out that 200,000 new homes are built in California each year. "These homeowners want dependable power, and they expect us to provide it," said Wiseman. "The ISO is very interested in new and better ways to manage the grid, especially with the expected addition of significant new wind generation in the next few years."

One benefit to having the full-power Smart Energy Matrix, which Beacon is looking to build in 2007, available for frequency regulation is that it may free up other conventional generation assets from being used for this purpose. This would enable the state's grid operator (the ISO) to reallocate valuable power plants to deliver power that will help avoid shortages. In addition, California's commitment to wider statewide deployment of renewable energy sources, such as wind and solar, will necessitate even more regulation services because of their inherently variable output.

Dr. Imre Gyuk, head of energy storage programs at the U.S. Department of Energy, praised the collaboration that produced this first-of-its-kind system. "The successful development and delivery of this high-performance flywheel energy storage system is the realization of a vision the Department of Energy shares with the California Energy Commission and the ISO," he stated. "We wanted to prove that flywheel technology has the capability to provide the essential service of frequency regulation. I am most pleased with the results, and I look forward to being able to test the larger, higher-power flywheel that Beacon has begun working on. I also expect that the Department of Energy will be able to continue to support the development of the larger flywheel and its deployment in a commercial-sized Smart Energy Matrix."

The demonstration used a pre-recorded remote signal feed to drive the Beacon system and graphically display a wide range of performance characteristics in a short period of time. The California ISO has been working to establish a secure data feed to transmit signals from its Energy Management System in Folsom, California (where the grid is operated), to the Smart Energy Matrix. Response to live ISO signal transmission, as well as formal acceptance by the Energy Commission, are expected to take place in late January, assuming completion of the communications link and final system-level testing.

Beacon Power is also building a scale-power Smart Energy Matrix demonstration system for the New York State Energy Research and Development Authority (NYSERDA). A recent contract change calls for Beacon to incorporate additional functionality in the system to supply uninterruptible power to the location in Amsterdam, New York. In addition, at the request of the customer the demonstration unit will be modified to be able to provide volt-amperes reactive power, or VARs, which help stabilize the power supply to electrical equipment. In order to allow for these changes, the demonstration system is now planned for installation in February 2006. There was no change in the contract value.

About Frequency Regulation

One of the most challenging aspects of today's electricity grid is that the amount of power generated and the amount consumed must be in exact balance at all times. When imbalances occur, the frequency of electricity (60 hertz in the U.S.) that end users require will not be maintained, which adversely affects grid stability. The constant balancing of power demand and production to maintain a stable frequency is called frequency regulation. Beacon's Smart Energy Matrix, now being demonstrated in a scale-power configuration, is a flywheel-based energy storage system that is intended to be a long-life, environmentally friendly solution for frequency regulation, with no fuel consumed and no emissions generated. More details, along with an informative animated presentation, are available at www.beaconpower.com.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon's Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995:

Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product on a commercial basis; limited commercial contracts for sales to date; little experience managing operations in geographically dispersed locations; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the volatility in the stock price of companies operating in the same sector; the difficulties that often arise in integrating operations of companies after a merger or acquisition; the power of controlling shareholders and the limited ability of others to influence the outcome of matters put to the vote of shareholders. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.



Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-694-9121
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

bcon what a trade it has been lately, wish iheld long all th eones i had at .40
??? :(
anyway still looks good here again, way to stay on top of it guys.

anyone looking acpw?

Yesterday's quick rally to 2.15, an exact hit to the top of the Symmetrical Triangle, validates that trendline as resistance.  What that means is this: we can connect any two data points and call it a trendline, but that doesn't necessarily mean that it will be important support or resistance.  When we get a third data point on that trendline, as we did yesterday, the market is validating the fact that it is, in fact, resistance because the market sold off right there.

Now what we need is to take out 2.15 to the upside, which would tell us that the top of the Symmetrical Triangle no longer is resistance, and that we've got an upside pattern breakout.  Breakouts always can fail, of course, but a breakout above a validated trendline usually is good for some kind of rally (or the reverse, if it's a break below a validated trendline).

A good example of an upside resolution of what we saw yesterday in BCON (the third hit to the top of the Symmetrical Triangle) is (VLO) Valero Energy  (see chart in that folder, just above this folder).  Hopefully, we'll get the same result in BCON.

We're starting to throw out some big numbers on the 50DMA, so the 50DMA (dotted green line) should begin to flatten out now, and remain above the 200DMA.  50 days ago was the drop from above 3.00 to 2.16.

I also like the way that the 13/21 RSI chart in BCON is acting.  See next post.

Relative Strength Chart

Taking the profit on Monday's quick rally to 2.15, the top of the Symmetrical Triangle, as patriotmp suggested, would have been a nice play.  At that time, BCON was acting fine, and I didn't want the problem of chasing a gap higher, if that's what we were going to get.

I now have the problem of turning a profit into a loss.  >:(

MACD ticked lower yesterday, just slightly.  It hasn't gone below its signal line, but it's below zero.  The relative strength chart still looks fine, but it's going to go back below the "W" bottom breakout (see RSI chart above) if BCON goes much lower.

Enough with the backing and filling.  BCON needs to get going to the upside here.

Strategy:

I'm long from 1.83 on December 2.  This week's low is 1.86.  If we get a print of 1.85, I'll sell for a 1% profit.  While I didn't want the problem of chasing the stock higher, that's what I will end up doing if I'm stopped out at 1.85, then BCON breaks out to the upside.  I'd buy a print of 2.16, a penny above this week's high.

hi,
still been watching earlier . as i said in earlier post ,based on the swing chart a safe entry for me would have 2.18 on the swing chart making a higher top. now that we have a lower bottom than the previous 1.89 . i will wait and see if it prints above 2,15 the last higher top.
hope this turns around for you today melf elf.
thanks
maxi

Quote from: rickjust on December 16, 2005, 08:38:33 AM

hope this turns around for you today melf elf.

Thanks, maxi!  BCON sure turned around in the final two minutes.  ::)

At 3:58PM BCON shot up from 1.90 to 2.08 on 5,800 shares, and closed that bar at 1.91
At 3:59PM BCON shot up from 1.89 to 2.10 on 5,933 shares, and closed the day at 2.10.

Very strange.  ???  ???  ???

That doesn't look like enough volume to be any index rebalancing, if that's what it was, but who knows?  At any rate, today's low was 1.89, so I'm still long. 

hi,
i was watching the close ...what was up with that. how does that happen? anyone know?
maxi :-\

Quote from: rickjust on December 17, 2005, 01:15:04 AM
hi,
i was watching the close ...what was up with that. how does that happen? anyone know?
maxi :-\

maxi,

I spoke with two Scottrade brokers after the close.  The first one couldn't tell me anything about any trades over 2.00 in the final two minutes.  The second one told me that there was a trade of 500 shares at 2.08 at 3:58PM.  That was the high of that bar, then the 3:58PM 1-minute bar closed at 1.91.

I would view that trade at 2.08 as a "bad tick," but what was up with the tick and close at 2.10 in the final minute?  Neither broker with whom I spoke showed any trades at 2.10.

2.10, however, is the official close.  ???  ???  ???

And, interestingly, the top of the Symmetrical Triangle came in yestereday at 2.10144, so chart-wise, that left us champing at the bit for an upside breakout.

I expect the 2.10 to get taken down at the open on Monday, and expect to see the stock open somewhere near 1.90, where it was trading before the strange move at the close.  We'll see.

My plan over the weekend is to fantasize about a breakaway gap to the upside on Monday morning.   ;D

Quote from: Melf Elf on December 16, 2005, 05:57:12 AM

Strategy:

I'm long from 1.83 on December 2.  This week's low is 1.86.  If we get a print of 1.85, I'll sell for a 1% profit.  While I didn't want the problem of chasing the stock higher, that's what I will end up doing if I'm stopped out at 1.85, then BCON breaks out to the upside.  I'd buy a print of 2.16, a penny above this week's high.

Sold BCON at 1.85.  Gain: 1%.  :'(

hi, i sold also today  :-\

  well i am still in...the 200ma is 1.80 lets see if it goes down on the open tomorrow touches that and gets a nice bounce off of it... but if it doesn't and breaks that i guess just have to take the loss...

Quote from: patriotmp on December 20, 2005, 11:44:20 PM

  well i am still in...the 200ma is 1.80 lets see if it goes down on the open tomorrow touches that and gets a nice bounce off of it... but if it doesn't and breaks that i guess just have to take the loss...

patriotmp,

The bottom of the Symmetrical Triangle comes in today a hair above 1.78.  Good luck.  I hope you make some $$$ on it.

Quote from: joozt on December 20, 2005, 12:18:17 PM
hi, i sold also today :-\

Thanks for the feedback, joozt.

Melf,

Is it just me or does BCON look like a wolf wave waiting to happen?

If it breaks sharply below that trendline, the symentry looks right.

Quote from: KCScott on December 21, 2005, 07:45:25 PM
Melf,

Is it just me or does BCON look like a wolf wave waiting to happen?

If it breaks sharply below that trendline, the symentry looks right.

That isn't a wolfewave.............wolfewaves looks like a descending wedge but not necessarily that steep.  BCON is basically a descending triangle.  I hope this time it will breakout of the descending triangle.

Hmm.......I think I will try to buy tomorrow at the support line.  I think this is a good risk/reward trade overall.  Good luck everyone!

[

Quote from: KCScott on December 21, 2005, 07:45:25 PM
Melf,

Is it just me or does BCON look like a wolf wave waiting to happen?

If it breaks sharply below that trendline, the symentry looks right.

Scott.

I basically agree with thai's answer (applauded).

My understanding of Wolfe Waves (I'm learning, like everyone else) is that they should have a "channeling" aspect to them.  Higher highs and higher lows, or lower highs and lower lows. 

The channel doesn't have to be parallel.  It can be a Rising Wedge, or a Falling Wedge (Descending Triangle, as thai said), but it can't be a Symmetical Triangle (Lower Highs and Higher Lows), which is what we've got with BCON.

That said, the technicals have weakened here.  BCON needs to get going to the upside.  Here's the 13/21 Relative Strength (RSI) chart:

Quote from: Melf Elf on December 22, 2005, 06:43:05 AM

That said, the technicals have weakened here.  BCON needs to get going to the upside.  Here's the 13/21 Relative Strength (RSI) chart:

BCON has printed 1.78, at the bottom of the Symmetrical Triangle, on those weak technicals.  It needs a good bounce higher, or MACD will soon cross below its signal line after already having turned down from just below zero.  That usually isn't a good sign.

Quote from: Melf Elf on December 22, 2005, 01:24:47 PM
BCON has printed 1.78, at the bottom of the Symmetrical Triangle, on those weak technicals.
 

1.78 was the low of the day.

Quote from: patriotmp on December 20, 2005, 11:44:20 PM

...the 200ma is 1.80 lets see if it goes down on the open tomorrow touches that and gets a nice bounce off of it...

And, the close was patriotmp's 1.80.

The way that BCON is hitting the top and bottom of this Symmetrical Triangle and the 200DMA so exactly, you would think that a lot of TA folks are playing it.   :D

BCON needed to bounce off the 1.78-1.80 on Friday, as patriotmp suggested, and do something more than close near the low of the day.  Time is running out on it, as far as the technicals are concerned.

MACD has done exactly what I didn't want to see...it ticked down from below the zero line, and then ticked down below its signal line (see next chart).  That usually isn't a good sign.

BCON really needs to do something here, like put in a Bullish Engulfing Pattern, get that MACD kicking higher, and then keep going higher.

MACD chart:

BCON could still be a good play here - have been watching your analysis on it Melf Elf - low risk unless it crashes today, and given its previous movement, it could easily jump up to 2.05 very quickly.  But you are right, it needs to make a move and break out of the symmetrical triangle, as it is running out of room.

I may take a position at the open forr a quick christmas move.

Quote from: ScottishTrader on December 23, 2005, 08:21:36 AM
BCON could still be a good play here - have been watching your analysis on it Melf Elf - low risk unless it crashes today, and given its previous movement, it could easily jump up to 2.05 very quickly. 

It sure could, Scotsman!

Quote
I may take a position at the open forr a quick christmas move.

I was tempted to buy yesterday's 1.80 close after the successful test and validation of the bottom of the Syjmmetrical Triangle on the print of 1.78, but the weakening technicals kept me out.  I'd rather "pay up" if BCON can show some muscle.

Prior to buying BCON at 1.83 on December 2, I listed about ten things that I liked about the chart and the technicals.  Now, there are a number of things that I don't like, including:

1. "Really good winning trades work out from the beginning, and don't give you a problem."

I had a nice entry into the stock.  During the trade, I had 17% paper gain when BCON rallied to 2.15.  It "came back in my face," and I had the problem of turning a winning trade into a loser.  That shouldn't happen.  If my entry was that good, players shouldn't be able to buy it three weeks later for the same price that I paid, or less. 

While BCON still could break out to the upside, I didn't like that.

2. I didn't like the "bogus" close of 2.10 on December 16.  While Reuters still shows 2.10 as the close, Scottrade has taken it down completely.  Those "trades" at 2.08 and 2.10 don't show up now on the chart at all.

3. 13/21 RSI is very weak.

4. MACD has given the double caution: "ticked down from below zero...ticked down below its signal line."

5. In the Ichimoku Kinko Hyo chart (below), we can see that the Kumo (cloud) has been daunting for the stock.

6. Also in the Ichimoku Kinko Hyo chart, the faster Tenkan-Sen (thick green line) got above the slower Kijun-Sen (thick red line), but now has ticked back down below it.

Those act like an MACD, only they're price-related.  The Tenkan-Sen is 8 days; the Kijun Sen is the slower 22 days.

7. The trend coming into this Symmetrical Triangle that we've been watching was down.  "Symmetrical Triangles usually resolve in the direction of the trend, unless it's a bottom."

Duh-h...well, there's the rub!  Which one is it?   ???  ;D

The technicals looked good when I entered in early December, but with those weakening, my concern when I decided to sell was that this might resolve in the direction of the preceding trend.  Down.

Just some T2T talk, but for those reasons, I decided to wait and let the stock tell me what it wants to do.  I'd at least want to see it take out Thurday's high of 1.87, for starters.

BCON currently is BID 1.84...ASK 1.85.  The high on the day so far is 1.85.

Good luck if you traded it, Scotsman, and good luck to thai626 if he took the trade.  It is a low risk/reward (barring a gap down...but, that's always a risk).  Don't blame you guys at all for wanting it.

I held off as I dcidn't want to chase the strong start, but it just hasn't seemed that strong to me today, on what should be a "rebound day" - low volume and currently sitting back at 1.81-1.82.  Sure thiss could be a fine entry but I guess I don't feel confident hanging onto it over christmas and New Year when I won't be able to check it that much.  Will probably pass this time, but thanks for your analysis Melf Elf

Quote from: Melf Elf on December 23, 2005, 11:36:35 AM
I was tempted to buy yesterday's 1.80 close after the successful test and validation of the bottom of the Syjmmetrical Triangle on the print of 1.78, but the weakening technicals kept me out.  I'd rather "pay up" if BCON can show some muscle.

BCON has been hanging onto the bottom of the Symmetrical Triangle, which comes in today at 1.79, but it finally broke it at 12:18PM, printing 1.78 and then 1.77, which is a print below last week's low.

We'll see how it closes, but it seems to have succumbed to the weak technicals at the moment.

I sold today due to the break below the 200 dma and the bottom of the triangle. I used to have a saying: "You buy BCON, you Be CONned" :-\  She nailed me again, the ol dog!

Quote from: Lucas Scott on December 28, 2005, 01:13:05 PM
I sold today due to the break below the 200 dma and the bottom of the triangle. I used to have a saying: "You buy BCON, you Be CONned" :-\  She nailed me again, the ol dog!

Luke Q.

lol.  This stock is downright evil.   >:D

Since it's been holding the bottom of the Symmetrical Triangle, I have been sorely tempted to buy it at 1.80 with a very tight stop of 1.77, below last week's low, only giving back my 1% gain if I got stopped out.

I decided to stick to my guns and not buy it, due to the technical weakness, regardless of how low risk the trade was.

If I had bought it this morning for 1.80, I would have been stopped out on the print of 1.77.  BCON now is up a penny, at 1.82.

EVIL...EVIL..EVIL...   >:D  >:D  >:D

  I can't believe this it printed 1.76 and that was my threshold after all this and no sooner than when i sold it is now 1.86.  what gave it the bump...i don't see any news on command center.  maybe this won't hold and drop again before the close.

This morning the chart was saying breakdown. Now it's saying bullish reversal. I'm back in baby!

Quote from: patriotmp on December 28, 2005, 02:20:49 PM

  I can't believe this it printed 1.76 and that was my threshold after all this and no sooner than when i sold it is now 1.86.  what gave it the bump...i don't see any news on command center.  maybe this won't hold and drop again before the close.

patriotmp,

Oh-h-h, the torment!   >:D

Sorry that happened to you.  I would have had to stop it out at 1.77 had I been long, so I understand your frustration.  I didn't see any news to account for afternoon rally, either.

Quote from: Lucas Scott on December 28, 2005, 03:12:17 PM
This morning the chart was saying breakdown. Now it's saying bullish reversal. I'm back in baby!

Luke Q.,

That's probably going to turn out to be the right play.  Even if it doesn't, I applaud you for getting back in the saddle.  You had good reason to do it.   

The intraday dip below the trendline now looks like a Bear Trap, given the fact that BCON put in a Bullish Engulfing Pattern.  Volume wasn't great, but very decent in thin holiday trading.

I wanted to see a print of 1.87, for starters, and wanted to see the stock "show some muscle."  I have to say that comeback showed some muscle, and we got the print of 1.87.  The high on the day was 1.88.

Now I have to decide if the weak technicals are going to keep me from buying the stock back.  "When in doubt...stay out." 

On the other hand, "No guts...no glory."   >:D

Good luck with the trade!

Quote from: Melf Elf on December 29, 2005, 03:17:24 AM
On the other hand, "No guts...no glory."   >:D

Bought BCON at 1.83.  Oh-h-h, the torment!  >:D

BCON printed 1.89 at 9:52AM.  That's above yesterday's high.   ;)

Press Release Source: Beacon Power Corporation


Beacon Power Officers Adopt 10b5-1 Plan
Friday December 30, 4:05 pm ET


WILMINGTON, Mass.--(BUSINESS WIRE)--Dec. 30, 2005--Beacon Power Corporation (NASDAQ: BCON - News) announced that F. William Capp, President and Chief Executive Officer, James M. Spiezio, Secretary and Chief Financial Officer, and Matthew Lazarewicz, Vice President and Chief Technical Officer, have each adopted a stock trading plan in accordance with Rule 10b5-1 under the Securities and Exchange Act of 1934, as well as the company's policies with respect to sales of shares held by insiders.


Rule 10b5-1, which the SEC adopted in October 2000, permits officers and directors of public companies to adopt predetermined plans for purchasing and selling securities. One of the SEC's goals in creating 10b5-1 was to provide more information to shareholders and other market participants regarding insider transactions. The plans may be entered into only when the director or officer is not in possession of material, non-public information. Once established, the director or officer does not retain or exercise any discretion over sales of stock under the plan and the pre-planned trades can be executed at later dates as set forth in the plan, without regard to any subsequent material non-public information that the director or officer may receive.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon's Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995:

Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the recent volatility in the stock price of companies operating in the same sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.

Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

Confidence in good prospects for business growth.
Close to support, good risk/reward ratio, good outlook for long term business growth.
Technically looks good for a breakout to the upside. Has been baseing for 2 months now, old  MACD has been gradually rising, now sitting ideally at the zero line with the stochastic coming out of oversold, just crossed up above the zero line.
Either way, looks enticing enough for me.
Anyone have any good technical analysis, predictions, projections, etc. on BCON? Put your two cents worth in.
Symmetrical Triangle (continuation) Pattern, becoming very tight,maybe we will get the breakout to the upside.

Technicals
MACD is Neutral
Stochastic is Bullish
Last Price Quote is:
-3.00%below 13-day EMA
-10.51%below 50-day EMA
RS Rating: 3 

Fundamentals
Key Data:
Market Cap (M): $108.54 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Quote from: Melf Elf on December 29, 2005, 09:43:49 AM
Bought BCON at 1.83. 

Sold BCON at 1.84.  Gain: ½%.

I don't like the return to the bottom of the Symmetrical Triangle after the upside reversal on December 28, nor do I like MACD ticking down again, below the signal line.  I'll pass on this one.

This devil is holding onto the bottom of the Symmetrical Triangle.   >:D

Yesterday was a Bullish Inverted Hammer if it gets upside confirmation.  It will.  BCON is going to rally because it knows that I sold it.

Oh-h-h...the torment!  >:D

hi,
this one's a teaser, ! here is a swing chart, still making lower tops and lower bottoms .
i have been watching and waiting.
lets see if it can turn around this week,
maxi

IMHO,I think there is a break to the upside coming.

Quote from: rickjust on January 04, 2006, 08:55:14 AM
this one's a teaser

maxi,

It sure is!   >:D

Quote
I have been watching and waiting

"When in doubt...stay out," and  you haven't missed much.   Applause for your patience and for your chart.  Thanks.

Coiling...coiling...coiling...if BCON keeps this up, it will "fall out" of the Symmetrical Triangle at the end of the month, and we'll never know which way it broke out.

:D  ???  :D  ???  :D

We made another short-term high at 1.92 yesterday, so if we take that out and print above 1.943, we've got a "technical"  breakout.

I'm not sure that I trust this devil, though.   >:D

I like it...I don't like it...I like it...I don't like it...I like it...I don't like it...this stock is making me schizo.

For example, after giving what often is a HORRIBLE signal, technically, MACD ticked back above its signal line yesterday.  (I'll show you that chart next).  RSI, which has been whipsawing, is looking okay now, too.

If you see me post that I've bought BCON a third time, please shoot me and put me out of my misery on this stock.

Oh-h-h, the torment!  >:D  >:D  >:D

MACD:

At #1: It ticked down from below zero on December 19, after we had that "bogus" close of 2.10 smack on the upper trendline on December 16.  That didn't look good, technically.

At #2: It ticked below the signal line.  Second warning.  Not good.

At #3: After rallying back toward the signal line, it ticked down again.  That often is a failure signal that leads to significant selloffs.  We got a similar signal in DNDN in early October.  YUK.

I sold BCON at 1.84 when we got signal #3, fully expecting a break to the downside.

Instead, the MACD has "fought off" the bearish signal, and ticked back above its signal line!
Granted, it's only by hair, and it could tick back down again, but as it stands, it looks like the stock doesn't want to go down.

Now, we'll see if it wants to go UP.  It hasn't wanted to do tha-at either!   ;D

 

If nothing else, this devil sure is interesting.   >:D  :D

It sold off again to the bottom of the pattern, but MACD is unchanged on the day and is still above its signal line, and ready to go up through zero on a rally.  The 50/200 DMAs still are bullishly positioned, and we're about to throw out some big numbers from 50 days ago, so the 50DMA also is ready to trend higher with any rally.

The recent highs are 1.92 (red arrow)
The top of the Symmetrical Triangle for today, January 6, is 1.931.

A print of 1.94, above both of those, "should" bring in technical buying.  Always the risk of a fakeout, like we had to the downside on December 28, with the print of 1.76.

I'm soo-oo tempted to go ahead and buy this near the open for the third time, barring a gap down, but I'd have to say that "the right play"  is to wait at least for a breakout print of 1.94.

Oh-h-h-h...the torment!  >:D

MACD Chart:

Hey Melf Elf, I have been following your posts on this one and I am also following it with some money. It certainly looks like its got to break soon and we have just got to wait for some news. I feel patience is neccesary for this one and an improvement will come jan/feb.

Thanks as always for your analysis (appl)

uc.

Quote from: usedcasting on January 06, 2006, 07:59:56 AM
It certainly looks like its got to break soon and we have just got to wait for some news. I feel patience is neccesary for this one and an improvement will come jan/feb.

uc.

January 6 is the perfect time for news/press release.  Maybe the CEO could say:

"Hey, I just had an epiphany!  I think my stock is worth $3.00."   >:D  >:D  >:D

Quote from: Melf Elf on January 05, 2006, 05:17:00 AM
I like it...I don't like it...I like it...I don't like it...I like it...I don't like it...this stock is making me schizo.

I like it.

Bullish Hammer off the bottom of the Symmetrical Triangle.  Only bullish if it can follow-thru to the upside and print 1.93:

1. 1.92 is the recent highs (red horizontal line).
2. 1.92 is the top of the Symmetrical Triangle
3. 1.909 is the 50DMA

MACD is ticking higher from above its signal line.  13/21 RSI look ready.

MACD:

13/21 RSI:

hi melf ,
the swing chart is saying "i like it , i don't like it, i like it........."
double bottom double top,
it's gotta someway, doesn't it?
maxi

Quote from: rickjust on January 07, 2006, 02:40:02 PM
hi melf ,
the swing chart is saying "i like it , i don't like it, i like it........."
double bottom double top,
it's gotta someway, doesn't it?
maxi

maxi,

Yeah, the chart looks like a long tube...and the toothpaste is ready to squirt out of there, now that we're near the apex.  Hopefully, to the upside.   :D

The 50DMA still is above the 200DMA, and has come down to meet it.  The 50DMA is ready to take off higher without ever having given a "Bearish Cross" signal, if the stock can rally.

Pattern-wise and technically, BCON looks very well-positioned to pop higher. 

If BCON can't get the job done here on this nice consolidation pattern and on good technicals like that, it would be a good example of what analysts mean when they say, "The stock can't get out of its own way" or "The stock fell of its own weight."   

I'm looking forward to seeing how this resolves, and am especially interested in seeing if the breakout print of 1.93 ) (if we get it) brings in some buying interest.  We need  good volume and an eventual print of 2.16 for your "higher high." (Thanks for your chart).

We'll watch her next week!  :o

Quote from: Melf Elf on January 08, 2006, 04:24:02 AM
I'm looking forward to seeing how this resolves, and am especially interested in seeing if the breakout print of 1.93 ) (if we get it) brings in some buying interest. 

Bought BCON at 1.93

We got some volume on the breakout.  I'd like to see this close near 1.93, or better.

Well.. I'm pretty happy with what I've seen in the past 2 days... BCON is already up to 2.03 as I write this!
I got in last Friday @ 1.80  ;D

Quote from: setravis on January 04, 2006, 12:37:10 PM
IMHO,I think there is a break to the upside coming.

IMHO, I think this one is getting ready to spike.... Breakout

Technicals
Close Above the 13-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
8.49%above 13-day EMA
1.39%above 50-day EMA
RS Rating: 8 

Fundamentals
Key Data:
Market Cap (M): $110.34 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Is she actually gonna hold the gains and keep running this time, or is she gonna tank like she always does??

hi,
looked like pretty solid buying today.  i think this one will run this time. (famous last words)
thanks ,
maxi

QuoteI'm looking forward to seeing how this resolves, and am especially interested in seeing if the breakout print of 1.93 ) (if we get it) brings in some buying interest. We need good volume and an eventual print of 2.16 for your "higher high."

Thank you  Melf Elf for your analysis.
Exellent timing  ;)

Applaud  :D

Possible Breakout of the Symmetrical Triangle (contimuation) Pattern
Let's see some follow through !
Took a bounce off the 200-dma.
Nice Volume day.
Volume: 5,790,052
Avg Vol (3m): 2,718,320

Support @ $ 1.98
Resistance @ $ 2.53...2.98...3.28

Recent CandleStick Analysis
Very Bullish
Jan-09-2006 Bullish Engulfing 
Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.


Technicals
MACD is Bullish
Stochastic is Bearish
Close Above the 13-day EMA
Most Actives

Last Price Quote is:
14.40%above 13-day EMA
6.92%above 50-day EMA
RS Rating: 10 

Fundamentals
Key Data:
Market Cap (M): $110.34 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Quote from: Jimbo on January 10, 2006, 04:27:27 PM

QuoteI'm looking forward to seeing how this resolves, and am especially interested in seeing if the breakout print of 1.93 ) (if we get it) brings in some buying interest. We need good volume and an eventual print of 2.16 for your "higher high."

Thank you  Melf Elf for your analysis.
Exellent timing  ;)

You're welcome, Jimbo.  It was nice to see the buying interest come in yesterday after Monday's breakout print of 1.93.  The 11½% rally was on almost 3 times the 30 day average daily volume, and we got the 50DMA finally ticking higher after the flirtation with the 200DMA, from just above it.

The next order of business is getting through 2.15-2.20.  A print of 2.16 will give us maxi's "higher high,"  above the December 12 trendline validation (resistance) at 2.15.  Above 2.20 will get us through the Kumo (Cloud) on the Ichimoku Kinko Hyo chart.

Some backing and filling here after yesterday's thrust higher would be fine, but we don't want too much of that, like we had after the December 12 rally to 2.15.  That sloppy behavior gave us the "Oops!" signals in RSI and the three bearish signals in MACD, which BCON, fortunately, was able to "fight off."

I'll show you those charts next.

Yesterday's rally was the first meaningful attermpt to get through the Kumo (Cloud).  "Blue skies" are above the top of the Kumo, currently at 2.20.

The backing and filling in BCON after the December 12 rally to 2.15 was a drawn out affair and the technicals became very weak, which contributed to my twice exiting the stock, prior to my re-entry at the 1.93 breakout.

The bearish warning signals (three red arrows) finally were overcome when MACD "fought them off" and crossed back above the signal line, with the stock itself holding at the bottom of the Symmetrical Triangle pattern.

Similar positioning of the MACD (the three red arrows) can be deadly, resulting in an ugly gap down or a serious selloff in the stock, which is why I wanted to see BCON actually break out at 1.93 before making my third entry into the stock.

MACD made a new high for the move yesterday and is on track to move up through zero.  "Feet, don't fail me now!"

The two "Oops!" signals in RSI after the December 12 high at 2.15 finally were rectified when 13/21 RSI came into synchonicity on January 5, then the 13 RSI rallied "out of the slot," so to speak.  It's at a new high for the move.

There's the print of 2.16,  a "higher high" above 2.15, the December 12 high.

Quote from: rickjust on January 10, 2006, 04:13:52 PM
hi,
looked like pretty solid buying today.  i think this one will run this time. (famous last words)
thanks ,
maxi

hi,
looked good the past couple of days.
got that swing above 2.16. wish i was home today , would have bout at the dip to 2.05
here is a swing chart.
what do you think melf? will there some pull back so i can jump in? stocks have been rising so much the last few days you would think there would be some retracement. look at the qqqq today. the view is great from up here but i am getting vertigo!
maxi

[tr]Quote from: rickjust on January 10, 2006, 04:13:52 PM
hi,
looked like pretty solid buying today.  i think this one will run this time. (famous last words)
thanks ,
maxi[/tr]

hi,
looked good the past couple of days.
got that swing above 2.16. wish i was home today , would have bout at the dip to 2.05
here is a swing chart.
what do you think melf? will there some pull back so i can jump in? stocks have been rising so much the last few days you would think there would be some retracement. look at the qqqq today. the view is great from up here but i am getting vertigo!
maxi

Quote from: rickjust on January 11, 2006, 08:19:32 PM
what do you think melf? will there some pull back so i can jump in?

maxi,

BCON has rallied better than 20% off Friday's low and it popped its head above the Kumo (Cloud) yesterday, so a pullback isn't unreasonable.  Not too much, though, or it will get into technical difficulty again. 

The bottom of the Kumo (Cloud) is 1.987.
The Tenkan-sen (solid green line) is 2.01
The Kijun-sen (solid red line) is 1.99. 

I'd like to see that 1.987 - 2.01 area hold on any selloff.  That's roughly a 50% retracement of the rally from Friday's low of 1.80, too.

Quotegot that swing above 2.16. wish i was home today , would have bout at the dip to 2.05 here is a swing chart.

2.05 was a short-term high on Tuesday.  I liked seeing yesterday's pullback on lower volume hold at 2.05 horizontal support.  I'll show you that chart next.

Good volume on rallies.  Lower volume on the pullback to horizontal support at 2.05.

melf
i really like your ta on bcon. i have been in and out of it for months. the first trade was before the runup in august. where i got in around 1.80 - 1.90 and rode it to the high. but didn't sell at the high and lost a dollar before i sold( i'm a newbe)..lol.
i been in several times since then for small profits. i'm like you i been bit a few times by bcon as i am sure a lot of people have.
i have been following your post for sometime now.. in readng your ta i feel i have a better grasp on the stock because of the ta you give on a daily basis.
keep up the good work..
thanx
smtm

Quote from: SMTM on January 12, 2006, 07:17:59 AM
melf
i really like your ta on bcon. i have been in and out of it for months. the first trade was before the runup in august. where i got in around 1.80 - 1.90 and rode it to the high. but didn't sell at the high and lost a dollar before i sold( i'm a newbe)..lol.

SMTM,

Does that stand for "Smart Man Takes Money?"  :D  That was a nice trade!

Quote
i have been following your post for sometime now.. in readng your ta i feel i have a better grasp on the stock because of the ta you give on a daily basis.

That's exactly why I make these posts, so that we understand the stock, and what we're dealing with in terms of the technicals...support and resistance...patterns...targets...stop/loss, etc.  Thanks for the feedback.  Applause.

BCON looks good again today.  We're above the top of the Kumo (Cloud) now, which is at 2.20, and the stock continues to rally on nice volume.  The high this morning is 2.30, near next horizontal resistance at 2.35.  That was the high on November 16.

After this nice thrust from 1.80 to 2.30, we can expect a pullback at any time, but we've got "room" now to back and fill.  Looks fine.

2 year Chart what a beauty  :o :o :o

Los Angeles, California [RenewableEnergyAccess.com] What could well be the most significant U.S. solar news for all of 2006 is likely to happen this week in California as state regulators are expected to pass the largest solar energy policy package ever seen in this country.

Ket - Most significant news: bad or good??
And "this week" leave only tomorrow, Friday, out... they should hurry a bit  ;)

Livana i hope we get news... 8)

California Solar Initiative Expected to Pass
by Jesse Broehl, Editor, RenewableEnergyAccess.com

January 10, 2006

Los Angeles, California [RenewableEnergyAccess.com] What could well be the most significant U.S. solar news for all of 2006 is likely to happen this week in California as state regulators are expected to pass the largest solar energy policy package ever seen in this country.

In addition to displaying the M5 and highlighting its features and enhancements, Beacon will also demonstrate its new Smart Power Monitor software. Smart Power Monitor is a PC-based software solution that monitors, analyzes and reports the performance of an M5-based solar power system. Users can observe and record key system performance parameters, including solar power output (real-time and accumulated), power exported to the grid (for net metering applications), and battery charging and discharging functions.


On Thursday the California Public Utilities Commission (PUC) is widely expected to vote to approve the California Solar Initiative (CSI), which will secure USD $3.2 billion for solar energy rebates in the state for the next 11 years.  

Beacon Power's Smart Power M5 is a high performance 5-kilowatt inverter for grid-connected solar power applications. It incorporates a range of components in one compact, integrated system, including inverter, charge controller with maximum power point tracking, switchgear, and battery back-up capability. Even in the event of a grid outage, the M5 will continue to operate as uninterruptible power system (UPS), providing photovoltaic (or battery) power to critical loads. Traditional grid-tied inverters do not function when primary power fails.

Our new Smart Power M5 series is a family of battery backup photovoltaic power conversion systems that offer field-tested performance with high efficiency and reliability for grid-connect applications.


San Francisco - The California Public Utilities Commission has unanimously approved the first phase of the California Solar Initiative, just two days after unveiling the 11-year proposal to install 3,000 MW of clean solar power in California. The vote makes $300 million in funds available for 2005 and 2006 solar projects on California schools, farms, businesses, and public facilities.

The program will be the nation's largest solar power investment, designed to make solar power mainstream and affordable.

The PUC is moving California to the fore in the global race to develop solar power and high-tech jobs," said SEIA's Resch. "The California Solar Initiative will add clean energy to the state's peak demand resources, reduce risk by diversifying the state's energy portfolio, and establish a world-class solar market in California."

According to a staff report prepared by the PUC last summer, this $3.2 billion investment in solar could save California ratepayers an estimated $9 billion.

 Approved !!!!!!!!!!!  ;D ;D ;D

For Immediate Release:
1/12/2006 For More Information:
Contact Bernadette Del Chiaro
(916) 446-8062 x 103

"It's Official!" CPUC Approves $3.2 Billion Solar Program

Landmark Vote Creates Nation's Largest Solar Roofs Program and Puts California on Pace to Become a World Solar Power Leader
SAN FRANCISCO—Today, the California Public Utilities Commission (CPUC) approved the California Solar Initiative (CSI), committing a combined $3.2 billion in incentive funds to drive consumers toward solar power over the next 11 years. The CSI, modeled largely on the Million Solar Roofs bill that ran aground in the state Legislature last year, is designed to provide rebates for homeowners, businesses, farmers and government projects investing in rooftop solar. It aims to install 3,000 MW of solar power regaining California's position as a world leader in solar energy.

"Its official!" celebrated Bernadette Del Chiaro, clean energy advocate for Environment California, a nonprofit, nonpartisan environmental advocacy group that has been pushing for a large-scale solar incentive program for several years. "It is about time California got serious about tapping into our abundant, homegrown solar power resources."

Today's decision adds $2.5 billion in rebate funds, available from 2007 through 2016, to the $300 million made available in December for 2006 and the $400 million already earmarked for solar power in the Public Goods Fund. The combined $3.2 billion program is the largest investment in solar power in the country. By increasing demand 30-fold, the CSI promises to cut the cost of solar by 50% within 10 years, creating a mainstream, self-sufficient solar market.

"With the high energy bills shocking California ratepayers this month, there is no better time to jump start an affordable solar power market bringing true independence from our over-reliance on natural gas," praised Del Chiaro. "Today's vote promises to ultimately eclipse dirty and expensive fossil fuels with clean and efficient solar power."

Leaders of the solar industry also had words of praise for today's vote.  "The CPUC should be congratulated in creating a decade-long initiative that will drive the U.S. solar industry to invest in technological innovation and scale up manufacturing," said Rhone Resch, president of the national Solar Energy Industries Association. "California will be a leader in the next great high-tech growth industry – solar energy."

The California Solar Initiative establishes a 2006 rebate at $2.80 per watt and requires an annual decline by approximately 10%, in line with the expected reduction in the cost of solar power. The rebate program will sunset at the end of 2016, at which point it is predicted that the cost of solar will be cost-effective without a direct rebate.

The typical California home today installs a 2.5 kilowatt system. With today's rebate level, the average $20,000 price tag for the system would be reduced by $7,000. In addition, over the next two years, homeowners can take advantage of a federal tax credit reducing the total cost by an additional $2,000. When combined with low interest loans, lowered electric bills and the ability to get a credit for excess electricity generated by the solar system, California homeowners could expect a return on their estimated $11,000 investment within the first month.

The CPUC anticipates it will fund the $3.2 billion program without raising electricity rates. Instead, the money would come from existing funds already earmarked for solar power and a small surcharge that the CPUC says can be absorbed into existing rates. According to a staff report prepared by the CPUC last summer, this $3.2 billion investment in solar could save California ratepayers an estimated $10 billion from a reduced need to build two dozen peaking power plants or to purchase expensive electricity during peak summer hours.

Other benefits of investing in solar power include cleaner air and more jobs. For every solar roof, at least one ton of global warming pollution is reduced each year. In addition, for every megawatt of solar installed, seven times more jobs are created compared with the equivalent in natural gas power plants.  Environment California Research & Policy Center research estimates 15,000 new California jobs will be created from this new solar market. 

The PUC program comes at the request of Governor Schwarzenegger and mirrors the bulk of the governor-backed Million Solar Roofs bill (SB 1), authored by Senator Kevin Murray (D-Los Angeles), and broadly supported by the state Legislature. The other policy elements contained in SB 1, such as net metering and making solar panels a standard option on new homes, still require legislative approval in 2006.

Major Elements of the California Solar Initiative Program:

• The complete California Solar Initiative program will invest a total of $3.2 billion over 11 years for consumer rebates. This number includes the $300 million added on December 15, 2005 and the $400 million already available through the Public Goods Fund.

• All small-scale solar technologies will be eligible: e.g. photovoltaics, thermal, hot water, etc.

• The rebate will start at $2.80/watt and declines 10% per year. It will be phased out at the end of 2016.

• Low-income ratepayers up to 260% of federal poverty levels will not pay into the fund and 10% of the fund will be set aside specifically for low-income and affordable housing projects.

• The program will be administered by the CPUC with administration of a rebate program specifically earmarked for new construction run by the California Energy Commission.

• The fund will be created from a small surcharge on electric and gas customers within PG&E, Edison, San Diego Gas & Electric and So. Cal. Gas Company territories. The PUC estimates the surcharge will be absorbed into existing rates without any discernible impact to energy bills.


Source:

http://www.environmentcalifornia.org/news

Seems the CSI approval caused a sell the news scenario for BCON and other alt-energy players today. :-\

Quote from: Lucas Scott on January 12, 2006, 09:08:47 PM
Seems the CSI approval caused a sell the news scenario for BCON and other alt-energy players today. :-\

Indeed. I was watching Cramer's Mad Money and that is what he advised his viewers - sell solar energy plays when California Public Utilities Commission (CPUC) approve those $3.2 billion funding  :-\
Hopefully all the selling was done and we can see some consolidation over the next few days, buildind a new base around the current price level.  ;)


Still long .................. ;D

I totally agree with this:

I believe the action today in the last few hours was indicative of a market top capitulating and taking profit. Someone posted that the last half hour of the day was irrational, and I agree. The selloff today had nothing to do with BCON, but with those taking profits from a market that has gone up nicely since the beginning of the year. Once those sell programs started running the little guys got scared and shit their pants. I think we saw some stops get taken out under 2.10 also. It's frustrating seeing what appears to be a non BCON related selloff of the stock, as by all accounts the stock is alive and well. CPUC voted in favor of the California Solar initiative, NY is on the near horizon, and perhaps something new in the fire. As strong as the stock was today it needed a breather, except this one was overdone....or irrational. I reviewed the chart on this stock going back to before and during the run from under 1 to over 5, and guess what, this setup is VERY SIMILAR. That move up was characteristic of move up and pullback, only to head higher after the pullback. That is healthy stock movement boys and girls. I was extremely aggravated by the close today, but a friend of mine who is pretty sharp at this game added on the move down at 2.09. He's usually right calling these emotional moves, so I hold tight and wait for the real profits in the coming weeks/months as this heads into the next Q. We should see some positive PR's from the company prior to that event. We may have 1 or 2 more rough days ahead, but tomorrow will tell us how strong BCON is short term. Will the market stabilize or continue selling off? Should be interesting to watch nonetheless. I think the BCON holds the line tomorrow and bumps up back to 2.20....Good luck and good night!

Yesterday's selloff was what I didn't want to see from this devil.    >:D

A give back of ALL of the day's gains and more, on 7.1 milliion shares traded, which is 3½ times average daily volume.  Although the technicals like MACD and RSI still look fine, that's an ugly-looking candlestick.  An Inverted Hangman, and the "real body" (the open and the close) bearishly engulfs the prior day's real body. 

Short-term, this looks like we're at least going to the bottom of the Kumo (Cloud), and possibly back for a re-test of the breakout.  I likely will sell some or all of my position today.  I'll post it if I can.  I've been getting "Web Site Not Responding" a lot all this week.

I am holding long and i am not selling because of one bearish candle....long and strong up. Sooner or later the money flows in here...even if it going to test the support around 1.90. My target is 3 or higher.  :P

In Wake of California Solar Plan, Industry Prepares for Expansion  
by Jesse Broehl, Editor, RenewableEnergyAccess.com

  January 13, 2006

San Francisco Mayor Gavin Newsom spoke at a packed reception in city hall to celebrate the passage of the CSI.

San Francisco, California [RenewableEnergyAccess.com] Solar advocates and industry executives alike were in a state of complete exuberance at an industry reception Thursday at San Francisco City Hall following the narrow but successful vote by California state regulators to implement a long term rebate plan with unprecedented funding levels in the U.S.

"The most important significance to this plan is that it takes long term commitments to grow the industry. Manufacturers are contemplating major investments because of this."

- Mark Farber, co-founder and Vice President, Strategic Planning of Evergreen Solar, a photovoltaic manufacturer Earlier in the day, The California Public Utilities Commission passed the California Solar Initiative (CSI), an historic plan that allots USD $3.2 billion for solar energy rebates in the state for the next 11 years, providing for the installation of approximately 3000 MW of solar energy.

"Of all the numbers in this plan, it's the 11 number that's most important," said Mark Farber, co-founder and Vice President, Strategic Planning of Evergreen Solar, a photovoltaic manufacturer. "The most important significance to this plan is that it takes long term commitments to grow the industry. Manufacturers are contemplating major investments because of this. As well as for many installers and distributors, they need the long term commitment too."

Evergreen solar will "absolutely" increase capacity as result of this, said Farber. Already, the company has been in the process of expanding their manufacturing facilities three-fold in Germany, thanks partly to the country's supportive policies for solar. Now California, where roughly 80 percent of the U.S. solar market has been centered, has its own long-term rebate plan.

"It has been a bit embarrassing for us as Americans to not play as strong a role as Germany," Farber said. "This is clearly changing this."

Gordon Handelsman, Sr. Director of Marketing and Sales for Shell Solar, also a solar PV manufacturer, echoed Farber's thoughts.

"I see the market as a tripod between Japan, Germany and now the U.S.," Handelsman said. "The U.S. has been the lagging piece of the stool, this will address that."

Mark Roper, Vice President of sales and marketing for the U.S. division of solar manufacturer Schott Solar's U.S., added that propping up that U.S. leg of the global solar market also helps reduce the global risk for the industry and its current and future investors by diversifying the demand portfolio. This is similar to the basic mantra of diversifying investments: the more markets open up, he says, especially ones with long-term policies, the more that mainstream financial institutions will feel comfortable getting involved.

And, Roper also now expects Schott to strongly consider opening a new manufacturing facility somewhere in the NAFTA zone to meet the expected demand for solar in California.

"Yes we'll increase capacity. This plan is the kind of thing that can really grow markets," Roper said. "The next move for expansion is to locate manufacturing in the strong markets."

A key point playing into the industry's growth, and how the CSI might affect it, is the current bottleneck in the supply chain for silicon, needed for roughly 90 percent of solar panels built around the world. Robust global demand has led to a shortage of this critical raw material, and that situation is predicted to continue to hamper the market, at least within the next year or more.

"In the short term we probably are not going to see enormous growth," Roper said in reference to what the CSI plan could do to boost the market. "But this gives us as an industry confidence to work with silicon producers to expand capacity. This enables us to secure the feedstock."

Long term investments in solar silicon feedstock are critical to long-term investments in overall manufacturing, said Chris O'Brian, Vice President of Strategy and Government Relations for Sharp's solar division, currently the largest solar PV producer globally.

Just as it takes some lead time to ramp up solar manufacturing facilities, it takes lead time for silicon suppliers to ramp up their production. One of the first items O'Brian sees from the California's new long-term policy on solar is a new atmosphere of security where companies can make long-term deals for the feedstock supply.

However the industry embraces this plan, there was a resounding satisfaction that the public utilities commissioners, led by its President Michael Peevey, took a bold and progressive step this week with a policy that sends a strong message about the future of solar.

"We can begin to grow again in California," said Kari Smith, Regulatory Affairs for PowerLight, a solar systems project integrator. "The PUC effort, led by Commissioner Peevey, showed real leadership. In the end, it's individuals who show real leadership and that's what makes things happen

 :) :) :) :) :) :) :) :) :) :) :) :)

"It's a very large measure and it's a long-term measure so it provides solar companies with incentives and visibility to undertake expensive expansion programs," said Jefferies & Co. analyst Jeffrey W. Bencik, noting that the industry already can't meet demand.


[/size]

Quote from: Melf Elf on January 09, 2006, 10:43:53 AM

Bought BCON at 1.93

Sold all of my BCON at 2.20.  Gain: 14%

BCON currently is BID 2.20...ASK 2.21

me
good call on that hod and made a nice profit. i'm in @1.85, i was going to sell today. but i going to hold through the weekend. there should be a pr anytime. depending on what it is it could be a rocket.
in the past they have put pr's out at wierd times. could cause a rush of covering. right now its moving without any news at all.
i would appreciate your thoughts.
smtm

Quote from: SMTM on January 13, 2006, 12:18:40 PM
good call on that hod and made a nice profit. i'm in @1.85, i was going to sell today. but i going to hold through the weekend. there should be a pr anytime. depending on what it is it could be a rocket.
in the past they have put pr's out at wierd times. could cause a rush of covering. right now its moving without any news at all.
i would appreciate your thoughts.

SMTM,

Thanks.  After my first two gains of 1% and ½% on this stock, I'm real happy with 14%.  :D

In addition to my concerns about yesterday's reversal, we've got the possibility a H&S Top basis the 10-minute chart.

Sorry about the bad writing on the chart.  It's hard to write with that pencil in Paint. 

The neckline would be Wednesday's low of 2.05 and yesterday's low of 2.07, if we've got a H&S Top.  If we take out 2.05-2.07, that puts 1.76 IN PLAY, which was the low of December 28.

Math:

The neckline was at 2.06 when the 2.37 high was made yesterday, so...

2.37 - 2.06 = 0.31 points, subtracted from the point of the break.

If we break 2.07...

2.07 - 0.31 points = Target 1.76 IN PLAY.

That doesn't mean that we're going down that low, but on my first two trades, BCON reversed far more than I thought it should have, which is why I took the small gains and exited.

On my first trade, I had a 17% paper gain at the 2.15 high, then it came all the way back.

On my second trade, Lucas Scott (Luke) and I liked the upside reversal off the December 28 low of 1.76, so I re-entered.  BCON rallied to 1.92, then  came all the way back the bottom of the Symmetrical Triangle again on December 30...and again on January 6.  Ugh!

So, if BCON breaks below 2.05-2.07, it wouldn't surprise me to see it come all the way back to 1.76, especially since we'll have a pattern target that puts 1.76 IN PLAY.

BCON currently is BID 2.15...ASK 2.16, well above the neckline.

hey melf,
you'll never go broke taking profits. nice trade!
;D
i didn't end getting in after all , just missed my chance on the run up .
so , there is always another opportuntity in the market
happy trading
maxi

the real run might happen next week.....look how stable and steady we were today. The last big run in August started similar...nice white candle...then 3 candles consolidation (looking like islands). Then boom up....this repeats i am convinced. Did we leave trendline 1 already ??

 ;D Heavy accumulation

Quote from: rickjust on January 13, 2006, 03:45:05 PM
hey melf,
you'll never go broke taking profits. nice trade!
;D
i didn't end getting in after all , just missed my chance on the run up .
so , there is always another opportuntity in the market
happy trading
maxi

Thanks, maxi.  Sure, there are lots of opportunites in the market.  I read your comments on HOM in that folder.  Applause.  It was up 6% today, and finally got back above its 50DMA.  The Kumo (Cloud) is overhead at 5.63 - 5.815, so that kept me from playing it.

Quote from: ket1390 on January 13, 2006, 03:47:57 PM
the real run might happen next week.....look how stable and steady we were today. The last big run in August started similar...nice white candle...then 3 candles consolidation (looking like islands). Then boom up....this repeats i am convinced. Did we leave trendline 1 already ??

ket1390,

Very possible, especially with the technicals still looking good, as you show on your chart.  Good point about those candles, prior to to the August rally.  If yesterday's selloff/reversal candle hadn't been so severe, I'd be much less cautious.  I probably am being too cautious.

Thanks for your good comments and charts.  Applause.  I hope that BCON rallies real big next week for those of you who still are long.  Good luck!

Melf Elf thanks for the applaud...welcome back anytime with your professional analysis. ;) I also appreciate it a lot...thanks.

ket1390

Melf Elf ; could this have been a bear trap on thursday ?? this week i used the first time this MA Envelope...Thursday Bcon fell out....now Bcon ist back in..did you see...do yo know this MA Envelope?

Quote from: ket1390 on January 13, 2006, 06:08:19 PM
Melf Elf ; could this have been a bear trap on thursday ??

ket1390,

That would depend on how the envelope is being used.  If someone used a close below the envelope, or an entire candlestick below the envelope as a sell stop, and then the stock goes higher, that would be fair to say that the "false sell" in that case was a Bear Trap. 

Quote
this week i used the first time this MA Envelope...Thursday Bcon fell out....now Bcon ist back in..did you see...

Yes, I see what you mean, but that doesn't tell us anything yet. 

For example, BCON could go lower from here, and without a momentum move to the downside that would take the stock below your envelope, like the quick drop from 2.37 to 2.07 on Thursday, BCON could go lower, your envelope would turn down, and the stock could go lower and lower and lower without ever falling out of the envelope. 

The same thing could happen on the upside, too.  You need a momentum move in one direction or the other to move the stock out of the envelope again.

Quote
do yo know this MA Envelope?

No, but I'm familiar with envelopes and things like "Bollinger Bands," in general.   

A good example of a Bear Trap, by the way, was the intraday move below the Symmetrical Triangle on December 28 (see chart below).  I wasn't in the stock, but it's a good example because it had me trapped, mentally.  :D

That violation of the trendline to the downside had me thinking "bearish."  Lucas Scott (Luke) posted that the stock ended the day on a bullish upside reversal, which was right.  I got back in it the next day.  Then BCON sold off two days later, and I got back out again.

>:D  >:D  >:D

That's when I decided to stay out of it because I was being "trapped" into thinking that it was bearish...no, it's bullish...no, it's bearish...no, it's bullish...

"When in doubt...STAY OUT."  Wait and let the stock tell you what it wants to do, and if it's "lying to you," then get out.  The key for me was that print of 1.93 on January 9.  That was a DOUBLE breakout above 1.92, and strongly suggested that the Bear Trap was "sprung," and that the December 28 move down to 1.76 was a Bear Trap, or a "fakeout."

Mind you, the print of 1.93 "could have been" a Bull Trap if we hadn't gotten the follow-thru to upside like we did, but that looked like pretty good evidence, and the techniclaly driven rally that followed was good confirmation of that.  If the stock had been "lying to me" about a breakout to the upside (a Bull Trap), I would have had to get out of it again.

A "Bull Trap" now would be a selloff back to the lows.  BCON broke out above 2.15, making maxi's "higher high," and got us thinking "bullish," which, so far, was right because we got the move to next horizontal resistance at 2.35.

But, that move "could be" a Bull Trap because we've got:

1. Three bearish-looking candlesticks

2. A possible H&S Top on the intraday chart - Neckline is 2.05 2.07.

3. No close yet above 2.15.  We've got closes of 2.13...2.15...2.10...2.14.

The technicals look good, though, as you showed on your charts. 

I don't know why this devil makes me so suspicious.   >:D  :D  >:D  ???  >:D

hi,
that kangaroo tale that happened on the 1/12 might suggest a rejection of higher prices. at least in the short term.
just a sittin' and a waitin'
you can't lose money being out of the market. the signals for bcon are to indicisive at the moment. no trend has really shown it self yet. i will be looking for the "higher bottom on the swing chart first.
thanks,
maxi




   


   

Quote from: Melf Elf on January 14, 2006, 12:22:12 PM
But, that move "could be" a Bull Trap because we've got:

1. Three bearish-looking candlesticks

2. A possible H&S Top on the intraday chart - Neckline is 2.05 2.07.

3. No close yet above 2.15.  We've got closes of 2.13...2.15...2.10...2.14.

The technicals look good, though, as you showed on your charts. 

I don't know why this devil makes me so suspicious.   >:D  :D  >:D  ???  >:D

2.05-2.07 support broke at 11:42AM this morning.  We're right at the bottom of the Kumo (Cloud) now. 

BCON currently is BID 2.02...ASK 2.03

Quote from: Melf Elf on January 13, 2006, 09:48:38 AM

Sold all of my BCON at 2.20.  Gain: 14%

Bought back my BCON at 1.95 on the whooooosh to the downside here. 

Quote from: Melf Elf on January 13, 2006, 04:24:57 AM
Short-term, this looks like we're at least going to the bottom of the Kumo (Cloud),

The bottom of the Kumo (Cloud) now is 1.94495.  BCON closed at 1.96.

Quote
and possibly back for a re-test of the breakout. 

The breakout was above 1.92.  Yesterday's low was all the way back to 1.92.  >:(

I don't know why I bought this devil back.  >:D  >:D  >:D

The fact that 1.92 held is good, but I would describe that 1.96 close as "ending on a dumb note."  I expected a bullish hammer or an upside reversal off that 1.92 support.

I've got a slight "Oops!" in my RSI, which should be okay if BCON closes higher today. MACD is getting ready to cross below its signal line, so we can't fool around here.

The 50/200DMAs still are bullishly positioned.  The 200DMA at yesterday's close was 1.905.  The bottom of the Bullish Falling Wedge (blue lines) is 1.904.

The top of the Falling Wedge (blue lines) comes in today, January 26, at 2.084 and falls at the rate of 0.02857 per day.  We need to take that out to the upside.  BADLY. 

Strategy:

I've got a gain of 15½% on my three trades since December 5, all posted earlier in this thread.  I don't plan to give much of it back.  If we go down on volume and break 1.90 , I likely will sell, depending on the tape action, and settle for an overall gain of 11-12%. 

Good luck to those still long!

This devil is really trying to annoy us, hanging about at the ubiquitous 1.92 like this.

>:D :'( >:D >:( >:D

Quote from: Melf Elf on January 26, 2006, 05:22:42 AM
The 200DMA at yesterday's close was 1.905.  The bottom of the Bullish Falling Wedge (blue lines) is 1.904.

So, let's straddle those numbers, and make a low of 1.90, and a close at 1.91!!

I hate this stupid stock.   >:D  ;D  >:D

BCON closed below the 1.92 breakout, but it is sitting on its 200DMA, and is at the bottom of the wedge, both at 1.91

Oh-h-h, the torment!!

Quote
Strategy:

I've got a gain of 15½% on my three trades since December 5, all posted earlier in this thread.  I don't plan to give much of it back.  If we go down on volume and break 1.90 , I likely will sell, depending on the tape action, and settle for an overall gain of 11-12%.

The problem with a Falling Wedge is that the stop keeps falling.  It will come in today at 1.89.  The up trendline of the Symmetrical Triangle comes in at 1.84.

Sigh...

Okay, I was going to fold at 1.89, but since I had a good exit at 2.20 (and thought I had a good re-entry at 1.95), I'm willing to be generous.  I'll "pay to play" and risk a FOURTH tag of that up trendline at 1.84 (might print 1.83...1.82 for a bear trap fakeout).

But, if BCON is set to CLOSE anywhere down there, I'll sell, even though it might hold and rally from there.  I'm just not willing to give back all of my gains.  Strictly a money management decision.  If we test that up trendline again, I want a bang off there, and a close inside that wedge (blue lines), at 1.89 or better.

Quote

MACD has crossed below its signal line.  I never view signals from an indicator as an "automatic sell," or an "automatic buy."  View those signals in the context of what PRICE is doing.

1. BCON never closed above 2.15, the December 15 high, above which we made a bullish "higher high," and on the way down from the 2.37 high, 2.15 didn't act as support.  We sliced right through it, and went to 2.07 that day.

2. 1.92 was the top of a little Ascending Triangle, where we got the breakout, printing 1.93.  1.92 was support on Wednesday, which was good, but it wasn't support yesterday: we closed below it at 1.91.

So, my view is that "we've been warned" by MACD crossing below its signal line, and PRICE isn't finding support at former resistance, which it should do.

If BCON rallies here, we could be looking at a "false sell signal" from the MACD.  But, let's say BCON closes right at 1.84 support today (the bottom of the Ascending Triangle).  MACD will continue lower, following through on its "sell signal."

Then, let's say Monday, BCON gaps down.  Duh-h-h...we were "warned" by the MACD crossover, and PRICE not finding support at former resistance.

That's why I'll sell, right or wrong, if we're set to close below the wedge, and down near the bottom of the Ascending Triangle.  While that might hold, I'll have both indicators and price telling me that the situation isn't looking so good, and I'd be kicking myself if that support broke next week.

If 1.84 does end up being support, I always can enter the stock later, for a FIFTH time.


 

Another Oops! in the RSI...another warning of technical weakness. 

BCON closed below the Kumo (Cloud), and the Tenkan-Sen, at 2.06, made a beaish cross by half a penny below the Kijun-Sen at 2.065.  Those two act lke a price-related MACD.

The top of the Rising Wedge for today, January 27, also comes in near there, at 2.056.

BCON really needs to take that out to the upside.  Otherwise, "the door gets slammed"  so to speak, with that bearish cross at 2.06, the top of the wedge.

i sold 2-3 days ago at 2.08....i saw the falling wedge..well i took a loss.... 8)

the entry is 85% of the trade....so next time i enter would be if  we break the day high of the day before....this is quite a good method......(trading with higher highs  and higher lows). Today that would be 1.98...(break of yesterday s high at 1.97)

anyway there are other much more bullish stock to look at (cup, diet, gigm, nvax...)

BCON ready to bounce again off of the 200dma

Beacon Power Officers Adopt 10b5-1 Plan


WILMINGTON, Mass.--(BUSINESS WIRE)--Dec. 30, 2005--Beacon Power Corporation (NASDAQ: BCON - News) announced that F. William Capp, President and Chief Executive Officer, James M. Spiezio, Secretary and Chief Financial Officer, and Matthew Lazarewicz, Vice President and Chief Technical Officer, have each adopted a stock trading plan in accordance with Rule 10b5-1 under the Securities and Exchange Act of 1934, as well as the company's policies with respect to sales of shares held by insiders
 

Rule 10b5-1, which the SEC adopted in October 2000, permits officers and directors of public companies to adopt predetermined plans for purchasing and selling securities. One of the SEC's goals in creating 10b5-1 was to provide more information to shareholders and other market participants regarding insider transactions. The plans may be entered into only when the director or officer is not in possession of material, non-public information. Once established, the director or officer does not retain or exercise any discretion over sales of stock under the plan and the pre-planned trades can be executed at later dates as set forth in the plan, without regard to any subsequent material non-public information that the director or officer may receive.

Quote from: Melf Elf on January 27, 2006, 06:53:53 AM
I'll "pay to play" and risk a FOURTH tag of that up trendline at 1.84 (might print 1.83...1.82 for a bear trap fakeout).

If we test that up trendline again, I want a bang off there, and a close inside that wedge (blue lines), at 1.89 or better.

Close: 1.90.  

I'm hanging on by a thread, just like that Bullish Doji Star Hammer, which closed a penny inside the Bullish Falling Wedge (only bullish with upside follow-thru).

What was that 1.86 low about?  Why didn't it go ahead and bang off that trendline at 1.84, re-validating it, and giving the Doji Star Hammer a nicer tail?  It leaves us to wonder if we have to suffer through tha-at trial early next week. 

???  ???  ???

Oh-h-h, the torment!  >:D

Quote from: ket1390 on January 27, 2006, 08:16:38 AM
..so next time i enter would be if  we break the day high of the day before....this is quite a good method......(trading with higher highs  and higher lows). Today that would be 1.98...(break of yesterday s high at 1.97)

ket,

The buy pivot on Monday is a print of 1.94, above Friday's high of 1.93.  You get to buy BCON a penny cheaper than what I paid for it on this entry.  What a bargain!

hi melf,
your arch enemy. bcon still has a few tricks up it's sleeve ::)
hers is a swing chart.  weekly and daily.
good luck,
maxi

Great TA on a tormentuous stock guys, applaud.

Just thought I would put me 2 cents in - it looks like BCON has produced so many failed continuation formations recently, I would be quite cautious on this one.  Personally, I think the recent spike high and morphing ascending triangle into falling wedge is a bit nervy.  I would expect BCON to bounce out of the upside of the wedge, but do watch for the bear trap fake-out below support.

In any case, considering all of these failed patterns, it provides a strong indication of market indecision, which will probably not let this one run too far.  That is, unless it does.  For my money, I think I would wait for a clear breakout above 2.20, indicating that it has finally decided to make a change in trend.  Until that happens, it may well cause even more stomach ulcers. :P

Good luck though ;)

Quote from: ScottishTrader on January 29, 2006, 12:33:16 PM
Personally, I think the recent spike high and morphing ascending triangle into falling wedge is a bit nervy. 

Hey, Scotsman!

That's a good description.  When I re-entered BCON on the bang off the top of the Ascending Triangle at 1.92,  it bounced so fast I got filled on my market order at 1.95,  and I didn't mind paying that at all.  I figured that it would run in the close.  WRONG...

I can't lose on it with my 15½% gain on my other three trades unless it has a horrible gap down below 1.68, but it's disappointing to see this weak morphing occur, as you so well described it.

This still could work out though, because ket and all of the pivot players have to buy it on Monday when BCON prints 1.94.

>:D :D >:D

Speaking of morphing and nervy...we're on the same wave-length today.  I just was going to post you about same in the GTE folder, which I'll do now. 

I might just do that Melf Elf, I really think an entry in BCON at high 1.80s could represent a good trade, at least with low risk below 1.84.  Will see what tomorrow brings.

I tell you, it's always fun n games here ain't it??

Quote from: ScottishTrader on January 29, 2006, 05:58:54 PM
II tell you, it's always fun n games here ain't it??

It sure is, Scotsman.  Right now, it's fun.  BCON just had a little sprint:

1.89...1.90...1.91...1.92...1.93....1.94...(pivot buyers!)...1.95...1.96...1.97....

Giddy YUP.

Cool melfelf lets run..with the bcon....are you guys having cash or marginaccount?...this cash is not great...mostly my money needs to settle....oh mann i put 27000.- dollar on a margin account i think then i can trade daily....when i see opportunities:)

ket

Quote from: Melf Elf on January 30, 2006, 10:10:05 AM

1.89...1.90...1.91...1.92...1.93....1.94...(pivot buyers!)...1.95...1.96...1.97....

...1.98....1.99....2.00....2.01...2.02....2.03....2.04....

Quote from: ket1390 on January 30, 2006, 10:39:19 AM
Cool melfelf lets run..with the bcon....are you guys having cash or marginaccount?...this cash is not great...mostly my money needs to settle....oh mann i put 27000.- dollar on a margin account i think then i can trade daily....when i see opportunities:)
ket

I don't trade on margin, ket.  I had a feeling you'd be jumping back in on that pivot.  Let's make some $$$.

Actually, we did take out the top of the wedge this morning.  It's at 2.027 (I thought it was higher), so the print of 2.04 took it out.

Given how steeply that Falling Wedge slopes, I view that as a positive, but we by no means are out of the woods yet with what is now resistance again from here to 2.35-2.37.

Bullish Falling Wedges ofthen morph (change) into Bullish Inverse H&S patterns.  We don't want to get to far ahead of ourselves here, but it would look something like what I've drawn on this chart.

Rally to 2.15-ish, which has been a stickler area.  We never got a close above that 2.15 "higher high" that maxi pointed out.  So, rally to 2.15, then pull back to something reasonable in the low 2.00s (not back to the low 1.90s), then bang higher.

First, of course, we need to see BCON have a decent close today.  We're hanging around now at BID 2.02...ASK 2.03, so "everybody knows" that we're at top of the wedge resistance (2.027), and we're digesting that early morning run-up.

Quote from: Melf Elf on January 30, 2006, 11:05:17 AM
First, of course, we need to see BCON have a decent close today.  We're hanging around now at BID 2.02...ASK 2.03, so "everybody knows" that we're at top of the wedge resistance (2.027), and we're digesting that early morning run-up.

In addition, we've also got Kumo (Cloud) resistance right at those same numbers.  2.025...2.03...2.06.

We don't need to do it today or even tomorrow, but getting above that Kumo (Cloud) resistance soon would be a BIG plus.

We've eased off now to BID 1.99...ASK...2.00.  That's fine.

hi,
tempting! looks good for the next few days,
maybe , i don't really know.
oh well,
good luck all longs
maxi

BCON Short squeeze coming............. ;D

Today BCON $2.06 +0.16 +8.42%

Shares Short (as of 10-Jan-06): 5.10M
Short Ratio (as of 10-Jan-06): 3
Short % of Float (as of 10-Jan-06): 8.60%

I don't think that we could have scripted yesterday's candlestick to be much better than it was.  BCON held the gains, and closed near the high of the day. 

It actually was the high of the day, as far as I'm concerned.  At 11 seconds before the final bell, they filled one trader's 500 shares at 2.07 and that was the only trade at the 2.07 high of the day.  Larger trades just after that went off at the 2.06 closing price. 

Devils!   >:D  >:D  >:D

At any rate, we got a very nice, white candlestick.

1. It's a Bullish Engulfing candlestick.

2. It's somewhat like Erik Hadik's trademarked 2-Close Reversal (tm), only it's  better because it's a 4-Close Reversal, meaning that we closed higher than the prior 4 days' closes.

3. It's a Mark Lebovitz (sp?) Volume Reversal candlestick, I believe (I forget if we had to make a new low for the move yesterday, in order to qualify it).   Yesterday's volume not only was greater than the prior day's volume, it also was greater than any other day's volume  during the formation of the Bullish Falling Wedge, with the exception of that odious "blow off" Bearish Inverted Hangman, where the pattern began.

4. It took out, and closed above, the Bullish Falling Wedge.

Overall, a very nice day, and an auspicious beginning to what, hopefully, will be a reversal of BCON's recent decline. 

Oh-h-h, the torment!

Quote from: rickjust on January 30, 2006, 11:14:09 PM
hi,
tempting! looks good for the next few days,
maybe , i don't really know.

>:D

We are exactly at "last resistance" on the Ichimoku Kinko Hyo chart.

We've gotten through the Kumo (Cloud) and Tenkan-Sen, and we're sitting smack on the Kijun-sen, at 2.06., poised to move higher.

If we back off some here, that's fine, but we don't want too much backing and filling down into the 1.80s again.  Too much give-back was the reason that I exited my long positon on the last three occasions.

During last week's selloff, we didn't hold the top of the Ascending Triangle and the big Symmetrical triangle breakout at the key 1.92.   That's a technical defect, that it wasn't support.  The bottom of the Kumo (Cloud) currently is at 1.93995.  The high of Friday's Bullish Doji Star Hammer (buy pivot) was 1.93.

Because of the technical defect at 1.92, I'm thinking that, at worst, we might have to go back down there, plant a foot on it to validate that it is support, and then immediately run higher.  Hopefully, yesterday was good enough that we won't have to do that. 

I'm not going to be real patient with much more fooling around down there.

Gateway - can you look for currently running threads on stocks before starting your own - all you need to do is put the stock's name (not symbol - doesn't seem to work so well) in the search box.  There is already at least one very involved, currently running thread on BCON, and it is probably best to keep posts there.

You can find it here:
http://www.3stocksonfire.org/trading/index.php?topic=1994.210

Thanks  ;D

Also with this thread located here on the Stock Picking Board........ ;)


http://www.3stocksonfire.org/trading/index.php?topic=441.0

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Last Trade: 2.04
Trade Time: 10:00AM ET
Change:  0.02 (0.97%) 
Prev Close: 2.06
Open: 2.06
Bid: 2.04 x 1000 
Ask: 2.04 x 2000 
1y Target Est: N/A

  Day's Range: 2.02 - 2.09
52wk Range: 0.66 - 5.35
Volume: 220,704
Avg Vol (3m): 2,815,040
Market Cap: 122.33M
P/E (ttm): N/A
EPS (ttm): -0.12
Div & Yield: N/A (N/A)

Quote from: Melf Elf on January 31, 2006, 01:52:42 AM
If we back off some here, that's fine, but we don't want too much backing and filling down into the 1.80s again.  Too much give-back was the reason that I exited my long positon on the last three occasions.

Yesterday's candlestick was fine.  We went down and tagged the top of the Falling Wedge, then buyers stepped in and we closed back over 2.00.  No problem with that.

I've been meaning to change the chart to reflect the "pattern morph" (change).  As the chart evolves, patterns often "morph," or change into something else.

In this case, we had the Symmetrical Triangle (in green on the chart) that broke out on the print of 1.93.   Now that we've gone up to the November high of 2.35 and printed 2.37, the pattern has "morphed" into an Ascending Triangle, so we need to change the chart to reflect that.

An Ascending Triangle has a flat top.  Ideally, both highs would be exactly 2.35, but more often, we get numbers that are very close, like these highs of 2.35 and 2.37.

I'll post a chart of the Ascending Triangle next.

The Ascending Triangle now is in bold green.  I put a dotted green line for the top of the Symmetrical Triangle, and dotted blue for the bullish Falling Wedge.

Notice that if we take out 2.35-2.37 resistance, we've got a breakout of THREE Bullish Patterns:

1. The Symmtrical Triangle Breakout, printing 1.93 on Januarry 9.

2. The Bullish Falling Wedge Breakout at 2.03 on January 30.

3. The Ascending Triangle Breakout above 2.35-2.37 on  ???  ???  ???

We might not get breakout #3, but if we do, breakouts from multiple bullish patterns can be very nice.  The targets are either side of horizontal resistance, at 2.91, so we're looking at a real decent percentage gain if we can get up there. 

Some of those are so old they are USELESSSSSSSSSSSSS!!!!!!!!!!!!!!!!!! >:D

Quote from: ScottishTrader on January 31, 2006, 06:18:50 AM
Gateway - can you look for currently running threads on stocks before starting your own - all you need to do is put the stock's name (not symbol - doesn't seem to work so well) in the search box.  There is already at least one very involved, currently running thread on BCON, and it is probably best to keep posts there.

You can find it here:
http://www.3stocksonfire.org/trading/index.php?topic=1994.210

Thanks  ;D

old picks..who would find it there????????

Quote from: setravis on January 31, 2006, 10:01:39 AM
Also with this thread located here on the Stock Picking Board........ ;)


http://www.3stocksonfire.org/trading/index.php?topic=441.0

They are never old and useless when they are updated !!
Let's see what we get today.

BEACON POWER CORP (NasdaqSC:BCON) Delayed quote data 

Pre-Market (RT-ECN): 2.10  0.07 (3.45%) 

To find all you got to do is type the symbol in the search...and go !

If you have a look at the threads (both of them) they are up to date and contain a huge amount of ingoing technical and fundamental information.  The reason they are old is that 3SOF members have been following them for a long time, and several aree actively involved in them right now.

Really it is only so that we all can easily find and keep up with ongoing discussions and developments on stocks we are interested in, and don't have to chase information all over the place.

hi,
here is the updated swing chart for bcon,
good luck,
maxi

Ignoring this devil doesn't work, either.   >:D

The bottom of the Ascending Triangle comes in today at 1.856.  The January 27 low was 1.86.  We've printed a low today of 1.85.

If BCON is set to close below 1.85, I'll take the loss on my re-entry at 1.95.

BCON currently is BID 1.86...ASK 1.87

Will be a buyer whenever the price dropped to $1.80. Three months low is $1.70 (only one day), next low is $1.75.

Trading strategy:

"In around $1.80, out around $2.10."

Quote from: shawFund on February 08, 2006, 03:15:30 PM
Will be a buyer whenever the price dropped to $1.80.

shawFund,

I'm on my third re-entry into BCON since December 5.  My goal at this point is to hang on to some of the 14½% gain that I banked on the initial trade, and the last two re-entries, so I'll exit at 1.85, a break of the Ascending Triangle.

Quote
Three months low is $1.70 (only one day), next low is $1.75.

I hadn't realized until this afternoon that this could be a Bullish Wolfe Wave.  If it is, we could rally from today's fourth tag of the trendline at 1.85, or rally  off a Wave 5 "fakeout" to the downside, at your numbers, or below.  I prefer the former (hold at today's 1.85 low), since I'll be stopped out on the fakeout. 

I always can enter for a fifth time later on.  ;D

Off today's 1.85 trendline bounce, BCON currently is BID 1.92...ASK 1.93

Quote

Quote

Hammer-time! Strong rally into the close on a nice volume pop in the last 15 minutes of trading. It's good to see buyers showing RESPEK for BCON's trendline.

Quote from: Lucas Scott on February 08, 2006, 04:32:19 PM
Hammer-time! Strong rally into the close on a nice volume pop in the last 15 minutes of trading. It's good to see buyers showing RESPEK for BCON's trendline.

Luke,

I'll say!  Where have those guys been?   ??? 

That's a nice Bullish Doji-Star Hammer, now we need some upside follow-thru.  Flirting with that trendline has gotten real tiresome.

Quote from: Melf Elf on February 08, 2006, 03:55:14 PM
I hadn't realized until this afternoon that this could be a Bullish Wolfe Wave.

Sorry, that's wrong.  This pattern can't be a Bullish Wolfe Wave because it has an upward slope, against the direction of the Lead-in, which was down.  Scrap that idea...we're back to the Ascending Triangle.

If 1.85 breaks, that's a violation of a re-validated trendline, and I definitely will sell that. 

Melf - I can't take the torment any longer. I'm out @ 1.87. It has stayed above that $1.85 must-hold support line, but the thing is if that line doesn't hold BCON could crater in the blink of an eye. I also don't like the quiet slippage we've seen the past week below the 200dma. If it runs tomorrow though, you know I'll chasing it like a wild dog ::)

Quote from: Lucas Scott on February 13, 2006, 03:42:47 PM
Melf - I can't take the torment any longer. I'm out @ 1.87.

Luke,

I can't blame you at all, and I agree that it could crater if support breaks.  If I didn't have the gain on my last three trades for some protection, I think I'd join you.   What a pain, watching this thing!

Hmmm!,their's that news!

Beacon Power Announces Successful Completion of Flywheel System Acceptance Testing by NYSERDA
Wednesday March 1, 1:53 pm ET
New York State Energy Research and Development Authority (NYSERDA) and U.S. Department of Energy Approve Demonstration System Shipment

WILMINGTON, Mass.--(BUSINESS WIRE)--March 1, 2006--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, announced that it has successfully completed the pre-shipment acceptance testing for a scale-power Smart Energy Matrix demonstration unit, built under contract to the New York State Energy Research and Development Authority (NYSERDA) and the U.S. Department of Energy. The acceptance tests were conducted at Beacon Power's facility in Wilmington, Massachusetts. The system is expected to be installed and connected to the grid at the demonstration host site in Amsterdam, New York, during March 2006.

ADVERTISEMENT
"We are pleased that Beacon Power's Smart Energy Matrix demonstration system has completed factory acceptance testing, which is the last milestone prior to shipment," said Peter Smith, president of NYSERDA. "This project is part of NYSERDA's continuing commitment to identify and deploy advanced technologies that have the potential to improve the reliability and performance of our electrical grid infrastructure, for the benefit of consumers in New York State."

"Successfully testing and gaining approval to ship our second Smart Energy Matrix demonstration system is another step toward proving that our flywheel technology is viable for wider commercial deployment," said Bill Capp, Beacon Power president and CEO. "With one demonstration system already in California and this one soon to be installed in New York, we can show how Beacon's high-energy flywheels provide a cleaner and better-performing alternative to conventional fossil fuel-based frequency regulation services - and do so cost-effectively. The NYSERDA system was enhanced to enable it to also provide uninterruptible power to the site, as well as volt-amperes reactive power, or VARs, which help stabilize power to electrical equipment. Having these additional capabilities allows us to demonstrate that the Smart Energy Matrix can also meet the technical requirements for several other commercially viable applications," Capp added.

During the acceptance testing, the ability of Beacon's Smart Energy Matrix to follow signals required for frequency regulation and to provide VAR support was confirmed. Testing for these functionalities involved verification of key performance parameters including: system communications (with a new graphical user interface that further simplifies monitoring and operation); compliance with a range of application-specific charging and discharging profiles; and demonstration of normal system operation and shutdown modes.

In addition to supporting the system demonstrations in New York and California, Beacon continues its progress to develop its next-generation 25-kWh flywheel, which will be the core component of the full-power Smart Energy Matrix. That project remains on schedule, with a prototype expected to be ready for testing in late 2006.


uc.

Who's gonna win the big gainer contest today???

this board should be moved/copied to the regular section and JMHO and no need to reply.....wtf

Buy any dips

Somebody help me out here !  ;D
Is today's move going to get me out of the "Red"  ???

Hurricane season is only 98 days away... that should be good for BCON

Buy Coverage initiated today on BCON..................Im in at $1.70.............

Chart looks good too, trending up............


AP
Beacon Power Shares Up in Positive Report
Monday March 20, 9:16 am ET 
Beacon Power Shares Climb After Analyst Starts Coverage at 'Buy'


NEW YORK (AP) -- Shares of Beacon Power Corp. climbed in premarket electronic trading Monday, after an analyst initiated coverage on the sustainable energy storage company with a "Buy" rating.
Wilmington, Mass.-based Beacon's flywheel technology "should enable significant cost savings to utility providers by providing a clean and efficient alternative to the incumbent technologies," wrote Merriman Curhan Ford analyst Brion D. Tanous in a client note.

ADVERTISEMENT


"Nearing the completion of final validation testing, the company is positioned for significant penetration of the $500 million annual U.S. market," the analyst wrote.

The company's environmentally friendly flywheel technology provides uninterruptible electric power for communications networks, computers as well as industrial manufacturers.

Shares jumped 9 cents, or 5.7 percent, to $1.68 in premarket trading on the INET electronic exchange. Shares closed at $1.59 on the Nasdaq Friday.

This showing signs of life...........

The charge to $2.00 continues, nice action today so far...........

Appears to be rebounding.
I'm still somewhat in the red, but I'm not giving up the ship..... ;D
Looks good at this price,Other Utilities Co's considering BCON's tech.

Volume: 7,286,095
Avg Vol (3m): 2,213,410

Technicals
Most Actives

Last Price Quote is:
9.77%above 13-day EMA
5.98%above 50-day EMA
RS Rating: 49 

Fundamentals
Earnings Expected on Apr 6

Key Data:
Market Cap (M): $109.14 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Press Release Source: Beacon Power Corporation


Beacon Power Delivers and Connects Smart Energy Matrix Flywheel Demonstration System in New York
Wednesday March 29, 8:00 am ET 
Company's Second Scale-power System is Fully Operational and Now Performing Live Frequency Regulation


WILMINGTON, Mass.--(BUSINESS WIRE)--March 29, 2006--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, announced that it recently delivered, installed and connected a scale-power Smart Energy Matrix demonstration system to the electricity grid in Amsterdam, New York. After arriving at the site, the system was connected and turned up to full power, and is now following and responding to live ISO-specified requirements to demonstrate frequency regulation. The project, jointly funded by the New York State Energy Research and Development Authority (NYSERDA) and the U.S. Department of Energy (DOE) Energy Storage Program, is the second such scale-power system Beacon has delivered, in addition to a similar system in California.


In the coming months the system will be rigorously tested by NYSERDA, in conjunction with Beacon Power and the U.S. DOE, to demonstrate how Beacon's flywheel energy storage technology has the potential to be used to provide frequency regulation services on a commercially competitive basis. The NYSERDA system was also engineered to provide additional application capabilities, including uninterruptible power (UPS) to the site, and volt-amperes reactive power, or VARs, which help to stabilize the local grid. These functions will be evaluated later in the testing process and assessed as to their commercial potential.

"Building, delivering and successfully connecting this latest demonstration system is another major accomplishment by the Beacon engineering team," said Bill Capp, Beacon Power president and CEO. "This system in New York, together with the one that we already installed in California, will enable us to show the respective state energy agencies and regional grid operators how clean, reliable, and fast-responding flywheel energy storage has the potential to meet the demand for frequency regulation in these large and growing markets. Each state has its own performance requirements that our systems have been designed to meet. Results from both demonstrations will support Beacon's steady progress toward large-scale commercialization of our high-energy flywheels for frequency regulation."

"With our growing demand for electricity, it is extremely important to develop new and more advanced technologies that can help improve the performance and reliability of our electric grid," said Peter R. Smith, president and CEO of NYSERDA. "We are extremely pleased to be working with Beacon Power on this important project."

Dr. Imre Gyuk, head of the energy storage program at the U.S. Department of Energy, was pleased with the progress of the project. "Timely completion of the manufacturing process and successful delivery of the system to the testing site in New York State has brought us a huge step closer to proving the effectiveness of flywheels for frequency regulation," he remarked. "We look forward to seeing both the New York and the California systems commissioned in the near future, followed by stringent performance testing and evaluation."

In contrast to the California unit, which was installed on PG&E's transmission system and is designed to respond to centrally dispatched command-and-control signals sent from the California ISO over a secure Internet link, the unit in New York was installed on the distribution side of the grid. It operates autonomously by reading and responding to frequency deviations measured directly from the grid. The ability to flexibly locate a Smart Energy Matrix on either the transmission or distribution side of the grid - and operate on a centrally dispatched or distributed basis - widens the potential market for frequency regulation services and other possible flywheel applications, including reactive power VAR support, transmission and distribution stabilization, and localized UPS.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon's Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and thereby support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995:

Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product or supplying frequency regulation services on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the recent volatility in the stock price of companies operating in the same sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.

Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-694-9121
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

AP
Beacon Power Installs Prototype in N.Y.
Wednesday March 29, 9:33 am ET 
Beacon Power Installs Demonstration Energy Storage System in Amsterdam, N.Y.


WILMINGTON, Mass. (AP) -- Beacon Power Corp., a developer of energy storage systems, on Wednesday said it has installed a flywheel energy storage demonstration system in Amsterdam, N.Y.
The Smart Energy Matrix project, jointly funded by New York's energy research and development authority and the Department of Energy, is the company's second such demonstration system. A similar system was installed in California.

Beacon said the system will undergo testing by regulators in the coming months.

The company's flywheel systems take electricity from a power source, such as an electric grid or fuel cell, and store it. Power is then delivered as needed when a primary energy source either fails or is disrupted.

Shares of Beacon Power rose 9 cents, or 5 percent, to $1.89 in morning trading on the Nasdaq

AP
Beacon Power Shares Up in Positive Report
Monday March 20, 9:16 am ET 
Beacon Power Shares Climb After Analyst Starts Coverage at 'Buy'


NEW YORK (AP) -- Shares of Beacon Power Corp. climbed in premarket electronic trading Monday, after an analyst initiated coverage on the sustainable energy storage company with a "Buy" rating.
Wilmington, Mass.-based Beacon's flywheel technology "should enable significant cost savings to utility providers by providing a clean and efficient alternative to the incumbent technologies," wrote Merriman Curhan Ford analyst Brion D. Tanous in a client note.


"Nearing the completion of final validation testing, the company is positioned for significant penetration of the $500 million annual U.S. market," the analyst wrote.

The company's environmentally friendly flywheel technology provides uninterruptible electric power for communications networks, computers as well as industrial manufacturers.

Shares jumped 9 cents, or 5.7 percent, to $1.68 in premarket trading on the INET electronic exchange. Shares closed at $1.59 on the Nasdaq Friday.

Hmm.. my group leader has been buying bcon at 1.69 so I will mirror him and buy at 1.72... just 8k. The rationale is that cpst has been moving, a good base has been put in, and since summer is coming the powers that be will decide to run this stock... just a matter of time.

g

BCON Update:

Update BCON:

Hi, this one is looking interesting, can we get TA update?

Thanks

Well, I'm not sure what's going on with BCON, but it is up 17% so far on more than average volume. I have read somehting about a conference, but can that explain that spike? I don't know... All I know is that I'm almost back breaking even. ;)

Lokks like BCON found support @ 200EMA ...it bounce back after hitting $1.20 just above a penny on my $1.19 target ;)

I think BCON is going to hold above $1. Some people have great expectations for BCON. Summer is coming, "anyone think that BCON IS GOING to Explod like last summer?"

If you wanted to jump back in,
many a reasons to do so today.
Symmetrical Triangle (Continuation) Pattern.
Breaking out with Strong Volume
Volume: 2,925,581
Avg Vol (3m): 932,933
Breaking out above 50-day MA
Small cap,with good daily volume makes it tradeable.
Hurricane season is here! Time to pick a few that may run.

Support @ $1.29...1.21...1.12
Resistance @ $1.42...1.52...1.63

MACD is Bullish

Technicals
Percentage Gainer

Last Price Quote is:
12.71%above 13-day EMA
5.74%above 50-day EMA
RS Rating: 19 

Fundamentals
Key Data:
Market Cap (M): $68.93 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Symmetrical Triangle (Continuation) Pattern.
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required.

Profile: Beacon Power Corporation, a development stage company, together with its subsidiaries, engages in the design, development, configuration, and sale of products and services to support electricity grid operation. The company's sustainable energy storage and power conversion solutions provide electric power for the utility, renewable energy, and distributed generation markets in the United States.
Website: http://www.beaconpower.com
Market Cap: 80M

Trading Idea:
- BCON is hot speculative small cap, already traded in the 3SOF portfolio (August last year for a quick 40% profit (http://www.3stocksonfire.org/trading/index.php?topic=1994.15)).
- The stock is heavily depressed on the long term frame, giving some pre signs of upside inversion for this time frame.
- Since 2003, August has always been a great month for BCON, this is not a reason to trade it by it self, but the stock is already showing some signs of action...
- The short term technical pattern is showing a lot of strength against the general market, already up trending since mid June, making consecutive higher lows and higher highs on this time frame.
- Yesterday BCON closed above its ema-50 and breakout a descending resistance line that we can consider the top of a triangular pattern.
- The short term momentum indicators are bullish.

Also see this interesting post (http://www.3stocksonfire.org/trading/index.php?topic=441.msg68171#msg68171) by «top member» Setravis ;) on BCON at the Stock Picking board.

Trading Plan:
BCON is a risky stock, 3SOF positions are only 6.66% of total equity, so we suggest apprehensive money management rules for this trade, as we may need to have a not so tight stop level.

We are going to buy BCON today at or near the open, our stop price will be announced on the next update (it will be probably set near $1.20)

Quote from: Ramsburg on July 25, 2006, 03:59:13 AM
We are going to buy BCON today at or near the open, our stop price will be announced on the next update (it will be probably set near $1.20)

Frederick,

That looks about right. 

The current pattern looks like it could be another Bear Flag, especially given the stock's recent history of a Bear Channel breakdown and a Bear Flag breakdown (both targets: 1.15 and 1.10 MADE).

The bottom rail of the current pattern came in on July 21 at 1.155.  The low that day was 1.15, so the trendline was validated within a half penny.

The slope of that trendline is 0.00708, so the data points for a stop, if you want to use it, are:

July 25: 1.169

July 26: 1.176

July 27: 1.184

July 28: 1.191

Add 0.00708 each day beyond that.

The down trendline (in blue) off the Bear Channel and Bear Flag highs (the #4s in red) comes in today, July 25 at 1.443.  Yesterday's high was 1.44, so it al-lmost got taken out.

The top of the Bear Flag (red #4 with a question mark) comes in today, July 25, at 1.509.  The slope, exactly parallel to the bottom of the flag, also is 0.00708, so the (rounded) data points for the top of the flag for the remainder of the week are:

July 25: 1.509

July 26: 1.516

July 27: 1.523

July 28: 1.530

Thanks for your TA Melf, very detailed ;) (Applaud)
The main difference between your study and mine in terms of pattern analysis, is that I'm using as the main reference a not so extended descending resistance line, just because it was the one I found with more price tests for this time frame (4).

Update:
BCON was down today, but holding the recent higher ground above the ema-50 (which provided intraday support) and the descending resistance.
We are setting a protective stop level on the short term ascending support.

Trading Plan:
Hold BCON with a stop @ $1.18

Update:
Low volume on today's session, BCON is now consolidating above the breakout level and the ema-50. We'll let this position developing for now with the same plan.

Trading Plan:
Hold BCON with a stop @ $1.18

Update:
A little correction, but BCON is still trading inside the body of the last big white candle that triggered our signal.
The main support is now at 1.20 (ascending line), so our stop @ 1.18 looks like the right spot, we'll just wait for developments on this position, while the main technical outlook is great.

Trading Plan:
Hold BCON with a stop @ $1.18

Bought BCON at 1.36 on the Bull Channel breakout.  1.36 also is the buy pivot, a penny above Friday's high of 1.35.  Stop: 1.25, a penny below the low of the channel.  Risk: a loss of 8%.

EDIT: Stop is 1.26, a penny below the 1.27 low of the channel.  Risk is a loss of 7.4%.

Quote from: Melf Elf on July 31, 2006, 09:56:58 AM
Bought BCON at 1.36 on the Bull Channel breakout. 

BCON has moved up nicely this morning off the Bull Channel Breakout.  It not only has taken out last week's high of 1.44, in doing so, it also has broken out above the channel off the January high (blue lines).

The bottom of Kumo (Cloud) is 1.2575.

The 8-day Tenken-sen (green line), at 1.275 is bullishly postioned above the 22-day Kinjun-sen, at 1.26, so that's "in gear," and BCON currently is well above the Kumo (Cloud), which is good.

We'd like to see a close of 1.45, which would be above last week's high, and also would be a close above the channel.

BCON currently is BID 1.43...ASK 1.44, so it's poised right there, champing at the bit for the channel breakout.

Quote from: Melf Elf on July 31, 2006, 11:13:33 AM

We'd like to see a close of 1.45, which would be above last week's high, and also would be a close above the channel.

I'm not certain if the close was 1.44, or 1.41.  A block of about 7,800 shares went off at 1.44, right at the close, but about a minute later, 100 shares went through at 1.41.  I'll have to wait until I download my data tomorrow morning.

Regardless, we didn't have to have the 1.45 today, and we closed well above the Kumo (Cloud), which is good.  But, we need a breakout on a closing basis.

Volume was good today, and watching the time and sales sheet on occasion, it looked like more buying than selling.

If we rally, we have to watch for the possibility of false breakout that fails at the top of the "possible" Bear Flag on the chart below.  It comes in tomorrow, August 1, at 1.5442.  If we should rally to that level, I'll sell a small portion of my position (10-25%) into it, to defend against the Bear Flag failure possibility.

A target of 1.60 is IN PLAY from the Bullish Channel breakout that I posted early this morning.  If we should rally to that level, I'll sell some more.  "Take profits when targets get MADE."

If we get to 1.60-ish, I'd like to see a pullback for a Right Shoulder of a possible Bullish Inverse H&S, or a Bullish Ascending Triangle.  Something like that.

The last high on June 5 was 1.61, so that would set up a nice neckline, or a nice flat top for a Bullish Ascending Triangle, but all of that is getting ahead of ourselves (and wishful thinking).

:D  >:D

First order of business: we need a close above the channel (pattern in blue).

This chart doesn't reflect today's trading.

Good luck to those of you long.  ;)

Curses to those of you short.  >:D

Just kidding.  :D

Breaking out from this symmetrical triangle
13-day ema about to crossover the 50-day ema

Volume: 1,976,770
Avg Vol (3m): 923,372

Technicals
Close Above the 50-day EMA

Last Price Quote is:
9.64%above 13-day EMA
7.48%above 50-day EMA
RS Rating: 21 

Fundamentals
Earnings Expected on Aug 11

Key Data:
Market Cap (M): $77.10 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Glad to see you on the same boat Melf ;) and thanks for your interesting insights ;)

Update:
Nice day for BCON, a good volume boost with a nice 6.86% white candle, making a new short term high and the highest close since it started to rebound in June.
Apparently the consolidation period is over, and a new highest low was made again, this time at $1.27, which corroborates our short term expectations.
August is on, and everything looks like another «traditional» summer month for BCON ;)

Trading Plan:
Hold BCON with a stop @ $1.18

Regards,

Quote from: Melf Elf on July 31, 2006, 05:05:31 PM

If we rally, we have to watch for the possibility of false breakout that fails at the top of the "possible" Bear Flag on the chart below.  It comes in tomorrow, August 1, at 1.5442.  If we should rally to that level, I'll sell a small portion of my position (10-25%) into it, to defend against the Bear Flag failure possibility.

Sold 10% of my position at 1.53 on the print of 1.54.  Gain: 12.5%
Holding 90% long from 1.36 entry.

Thank you, Frederick.  ;)

Nice timing, on that sell near the hod, Melf ;)

Update:
Another nice day for BCON, with increasing volume and new short term highs despite the Nasdaq behaviour today. BCON was not able to close near the highs of the day, but that's understandable with such pessimism on the broad market.

The short term pattern has been establishing new higher highs and higher lows, so its time to move our stop up to 1.26 and decrease our risk on this position. BCON buying signal has been triggered now, it may swing down or slowly consolidate before new highs but never below the last relative low (1.27).
The next upside barriers are located at 1.55 (today's high), 1.57 (ema-200) and 1.61 (June's high), lets wait.

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Quote from: Ramsburg on August 01, 2006, 11:50:08 PM
Nice timing, on that sell near the hod, Melf ;)

Thanks, Frederick. 

The high of the day, 1.54, was made shortly after the open, and it was smack on the top of the Bear Flag, which was at 1.5442, then the stock eased off for the remainder of the day. 

That suggests to me that the momo players were more than willing to buy the channel breakout (pattern in blue), but that they also were aware of the Bear Flag possibility (pattern in red), and that there was no conviction at all to knock out the top of the Bear Flag (1.54).  They took a quick profit.   

Quote
Update:
Another nice day for BCON, with increasing volume and new short term highs despite the Nasdaq behaviour today. BCON was not able to close near the highs of the day, but that's understandable with such pessimism on the broad market.

Yes, volume was more than double 100 day average volume, which was very nice to see on the channel breakout, and I liked the fact that the entire candle yesterday was above the channel breakout. 

I would like to have seen BCON close nearer the high of the day, but it at least held onto about 50% of the day's gains.  That's fine, especially given the rotten day in the market, as you pointed out.

Quote
The short term pattern has been establishing new higher highs and higher lows, so its time to move our stop up to 1.26 and decrease our risk on this position.

Seems like a good idea.  "Higher highs and higher lows" aren't bullish if this ends of being another Bear Flag, and with the NAZ 100 doing a back flip yesterday off the NDX 1515-1511 broken neckline of the year-long H&S top, I think that a more defensive posture is warranted. 

Quote
BCON buying signal has been triggered now, it may swing down or slowly consolidate before new highs but never below the last relative low (1.27).

Right.  BCON committed to the channel breakout, and I really don't want to see 1.27 again.

:(

In fact, I probably won't sit for a break back below the top of the channel, which comes in today at 1.4097.  If BCON is trading down there at the end of the day today on a Bearish Engulfing candle, especially if it's printing 1.41...1.40...1.39...1.38....I likely will sell and take a small profit. 

Again, my strategy is being strongly influenced by the lousy market.

Quote
The next upside barriers are located at 1.55 (today's high), 1.57 (ema-200) and 1.61 (June's high), lets wait.

Trading Plan:
Hold BCON with a stop @ $1.26

Yes, the top of the Bear Flag for today comes in at 1.5513.

Good luck to everybody.  Thanks for your nice analysis and hard work, Frederick.  Applause.

Quote from: Melf Elf on August 02, 2006, 05:51:33 AM
Yes, the top of the Bear Flag for today comes in at 1.5513.

BCON opened with 25,240 shares at 1.55, smack on the top of the Bear Flag again.  It's pulling back toward the gap, which is fine, but with that kind of opening, I definitely will sell if the bulls act wimpy, and we reverse to the downside this afternoon.

Thanks again Melf ! it's really nice to have your daily comments on BCON ;)

Update:
Interesting news:
California Energy Commission Begins Final-Stage Field Trial Testing of Beacon Power Flywheel Demonstration System (http://biz.yahoo.com/bw/060802/20060802005106.html?.v=1)

BCON had a nice advance again, establishing a new relative high at $1.57, volume was high but not as the day before. This candle suggests indecision which is normal taking in consideration the $1.61 resistance and the ema-50 (the high of the day), its possible to watch a small consolidation here, but the 1.40/1.45 should make a good support if that happens.
We'll continue to hold this position.

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Quote from: Ramsburg on August 03, 2006, 12:02:22 AM
BCON had a nice advance again, establishing a new relative high at $1.57, volume was high but not as the day before. This candle suggests indecision which is normal taking in consideration the $1.61 resistance and the ema-50 (the high of the day), its possible to watch a small consolidation here, but the 1.40/1.45 should make a good support if that happens.

Thanks, Frederick!

That's how I see it, too.  I'm probably going to regret not selling the rest of my postion at 1.53 yesterday afternoon since yesterday's candle is a Bearish Doji-Star Hangman (if the low is taken out), smack on the top of the Bear Flag (we need a "Worry Face" on the toolbar).  ;D

We gapped up yesterday from 1.48, but I consider that gap to be filled at yesterday's print low of 1.49.  We might go back and print the 1.48, but it then becomes a question of how low do we go.  ???

I hate risking a 12½% gain if we're going all the way back to 1.40-ish for a re-test of the channel breakout (blue line).

I'm in at 1.36, so that doesn't give me much wiggle room.   :(

We'll see how it opens, and how it goes today.  At the moment, I'm thinking that I'll sell if we take out 1.49, yesterday's low.  That would indicate some confirmation of the Bearish Doji Star Hangman at the top of the Bearish Flag, and that the chance is good that we're going lower, at least short-term.

Quote from: Melf Elf on August 03, 2006, 06:24:24 AM
We'll see how it opens, and how it goes today.  At the moment, I'm thinking that I'll sell if we take out 1.49, yesterday's low.  That would indicate some confirmation of the Bearish Doji Star Hangman at the top of the Bearish Flag, and that the chance is good that we're going lower, at least short-term.

Sold remaining 90% of my BCON at 1.48.  Gain: 8.8%.  Gain on the trade: 9.2%.  Thank you, Fredercik!  Applause.

I tried to sell half yesterday at 1.56 but never filled.  Sold all today at 1.50 for a nice gain of 10%.  In at 1.35.

Thanks Frederick !...and Melf !

Repost from The Stock Picking Board: (Thank you, Frederick, for bringing BCON to my attention again)

It's been more than two months since I gave the 3SOF team, Frederick, "G," and Michael a "group applause," so I'm giving them another one now, not only because I had a nice gain of 9.2% today on BCON (posted on the Members Board), on Frederick's recommendation, but because it's long overdue.

I had a personal message today from a member who questioned why I applauded the 48% gain in CHDT, when the stock had a gain of over 100%, which could have been taken.

Fair enough question, and I applauded the person who asked it, who is frustrated with the 3SOF performance since David left.

We're ALL frustrated with this market!

But, in fairness to the current 3SOF team, let's recognize that the NASDAQ topped out about six days after David was "incorrectly" short the QQQQ.

David drew a lot of criticism for his call, but look at your charts...he only was a few days early!

It's easy to criticize.

"Coulda...shoulda...woulda..."

Yes, we "coulda" had a gain in some of the 3SOF picks in excess of 100%, but the team is up against performance numbers.  Sometimes, they try to hit a Grand Slam out of the park, and it fails.  But, a number of those trades still were gains, yet some 3SOF members "hung on," and have losses.

GV probably is the best example of that.  It still was a gain in the 3SOF portfolio, despite what profit the 3SOF didn't take.

Another 3SOF sent me a personal message today, admitting exactly that, and admitting that it was his (her?) responsibilty, to have taken the big profits.  I forgot to applaud that, but I will.

Bottom line....let's not be whiners, like we see on so many internet boards.  Very few fund managers have a gain on the year, at this point, so let's applaud the fact that the 3SOF team is "hanging in there," and let's applaud their hard work.

To applaud, hit the applause button under the person's name on their post.  You need to have posted 50 messages to applaud.

And, PLEASE don't send me personal messages.  I apologize for asking that, but as much as I would like to respond, it's impossible, given my time constraints with trying to answer my own questions about the market.

I will make my best effort to participate in folders on an "as can" basis.  Thanks in advance for your consideration.

Best of luck to everybody, and let's try to band together, and support each other.  What a sad, sad, loss, if 3SOF folded.

3SOF has been a great inspiration for me and other traders. As much that and more but I do very strongly feel that David should be back. If possible he can run his own picks separate from G, Fredrick and Mic. I am sure that the current 3SoF team can make some arrangement. And if there is some confusion I will suggest that the 3SoF team could run a poll in this regard. After all 3SoF has a healthy record of listening to the community.

As far as CHDT, GV and CHID are concerned they do hold some lessons for not just 3SoF but for us all. So the best thing at the moment will be to learn your lessons and be better/smarter trader. Nothing ever comes out of pinny pointing.

Goodluck all.

Update:
Corrective day for BCON today, but as we stated yesterday:

Quote from: Ramsburg on August 03, 2006, 12:02:22 AM
its possible to watch a small consolidation here, but the 1.40/1.45 should make a good support if that happens.

BCON is consolidating the recent gains; we expect the 1.40/1.45 level to hold, the plan will be the same for now:

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Update:
BCON had another red candle, closing at $1.40 which could be considered as the short term support level (and our entry price).
Looking to the overall pattern of the current expanding move, this kind of consolidation move has been normal, BCON is trading above its ema-50 (and the ema-50 itself is now with a positive direction).
We need to give this trade some room, so we'll keep our stop at the same level, since the main issue here is not to make lower lows.

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Update:
BCON was down a little with low volume, but it's still trading inside our pattern and above the breakout zone and the ema-50.
We expect BCON to react to the upside at any moment until it stays above $1.27 (the last lower low).

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Update:
Another corrective day for BCON, which is now retesting the breakout zone and the ema-50. The stock is still inside our «safe zone», we'll maintain the same trading plan.

Trading Plan:
Hold BCON with a stop @ $1.26

Regards,

Quote from: Melf Elf on August 03, 2006, 09:39:30 AM

Quote from: Melf Elf on August 03, 2006, 06:24:24 AM
We'll see how it opens, and how it goes today.  At the moment, I'm thinking that I'll sell if we take out 1.49, yesterday's low.  That would indicate some confirmation of the Bearish Doji Star Hangman at the top of the Bearish Flag, and that the chance is good that we're going lower, at least short-term.

Sold remaining 90% of my BCON at 1.48.  Gain: 8.8%.  Gain on the trade: 9.2%.  Thank you, Fredercik!  Applause.

frederick,

these are tough, tough patterns to play on the long side in a bear trend.  bcon confirmed bearish hangman in the bear flag in a bear trend.  and, back below channel breakout.  ugh.

i hope 1.27 support holds.  but, suggestion for trading drafts.  let's try stocks that aren't in such strong bearish trneds, and that either are near support, not resitance, and that have built a good base.

good luck on bcon.  sorry for bad ty[ing. 

Any chance BCON reaches back into the 1.80 area soon?

Still holding this one at my portfolio....let's see if it really goes high or instead, it makes a H&S....

AP
Beacon Wins U.S. Energy System Contract
Tuesday September 5, 11:49 am ET 
Beacon Power to Design Power Plant Using Flywheel-Based System Under Department of Energy Contract


WILMINGTON, Mass. (AP) -- Beacon Power Corp., a developer of energy storage systems, said Tuesday the U.S. Department of Energy awarded it a $752,500 contract to design a power plant using its flywheel-based system.


The contract, which will be administered by Sandia National Laboratories, calls for designing a 20-megawatt Smart Energy Matrix frequency regulation power plant. Sandia Laboratories is operated by Sandia Corp., part of Lockheed Martin Co., for the energy department's National Nuclear Security Administration.

Beacon's flywheel energy storage system harnesses electricity from an existing power source, stores it, and then delivers it as needed if there is a power failure or disruption. The plant is a prototype for a nonpolluting, megawatt-level and utility grade energy producer, the company said.

The contract, which amounts to half of the company's 2005 revenue, will be stretched out over 12 months and pay for part of the system's expected development costs. Beacon will complete a comparison study and a cost-benefits analyses of the new technology with conventional technology. Part of the contract involves ranking potential plant locations.

Beacon said the contract directly supports its goal to develop facilities based on this technology in the United States by the beginning of 2007.

In February, the company installed a flywheel-based system in Amsterdam, N.Y., with joint funding by New York's energy research and development authority and the Department of Energy. Before that, it had installed a similar system in California.

Shares of Beacon rose 12 cents, or 9.4 percent, to $1.39 on the Nasdaq in morning trading. The stock has been trading between 95 cents and $4.10 over the last 52 weeks.

Breaking out with Strong Volume
Breaking out above 50day ema
Small cap, but with good daily volume makes it very tradeable.

52wk Range: 0.95 - 4.10

Volume: 3,153,406
Avg Vol (3m): 866,377

Technicals
Close Above the 50-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
12.34%above 13-day EMA
9.02%above 50-day EMA
RS Rating: 81 

Fundamentals
Key Data:
Market Cap (M): $74.57 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

This looks good, Huge contract win, this shows system has been accepted..........

$700k represented half of their revenue, imagine what 1 or 2 or 3 more contracts will do.........

All 6 threads on BCON have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.  ;D 
All history on a stock pick in 1 thread is awesome.   ;)

Thank you, Happy Thanksgiving and good luck to all with your trades !


Friday's closing chart to go along with this message.

BCON has promising energy distribution grid technology.Its customers are utilities companies and the government.Technically it is at a buy level.....JMHO of course.

52wk Range: 0.95 - 2.37
Volume: 229,344
Avg Vol (3m): 492,264

Technicals
Last Price Quote is:
-1.37%below 13-day MA
-4.76%below 50-day MA
RS Rating: 11 

Fundamentals
Key Data:
Market Cap (M): $72.22 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

You missed 1 BCON thread Setravis ;) .....Anyway applaud for the work ;D

http://www.3stocksonfire.org/trading/index.php?topic=728.0

Quote from: Terliso on November 24, 2006, 02:34:24 AM
You missed 1 BCON thread Setravis ;) .....Anyway applaud for the work ;D

http://www.3stocksonfire.org/trading/index.php?topic=728.0

Thank you Terliso !
Got it , it is now a part of this thread "Merged"..... ;D
Keep up all your great work.....applaud back at you !

1. Introduction

I made some good trades on BCON in the past and everybody keeps it on their watch list, so I  should study it, both from a technical & fundamental view.

2. Profile

Beacon Power Corporation (BCON), a development stage company, together with its subsidiaries, engages in the design, development, configuration, and sale of products and services to support electricity grid operation. (complete profile here (http://finance.yahoo.com/q/pr?s=BCON))

3. Technical Analysis
3.1. All History Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28895;image)

BCON's time was the mid 2005 rally. Besides that the all history chart is quite discouraging.

3.2. Medium Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28896;image)

The stock is down 80% from its August 2005 levels. It's kind of dead now.

3.3. Short Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28897;image)

BCON would need to make a move above the $1.35 resistance level to be interesting from a technical perspective. The short term trend is bearish.

4. Fundamental Analysis
4.1. Number of Shares Outstanding

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28898;image)

The share count rose 25% in the 9 months until September, or 12 million shares. This isn't good. The current market cap is 59,367,374*$1.1 = $65.3 M.

4.2. Liquidity

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28899;image)

Working capital is just $6 M now, BCON's balance sheet is weak.

4.3. Revenues

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28900;image)

There's a little sign of life lately, but revenues expected for 2006 are still just $1.2 M. Since the market cap is $65.3 M, the revenue multiple is 54 which is extremely high.

4.4. Profits

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28901;image)

Losing money every year since inception. It has a cumulative deficit of $147.5 M.

5. General Overview

Unfortunately BCON looks very overvalued even at these low prices. Insiders have been selling shares every chance they get and the company's working capital is running out. BCON has been diluting shareholders value by issuing and selling shares.

Losses are mounting and revenues are incipient.

I guess this will be a penny stock soon. I will avoid BCON.

Huge bounce today................

Press Release Source: Beacon Power Corporation


California Independent System Operator Certifies Beacon Power Flywheel Technology for Use in California's Frequency Regulation Services Market
Tuesday January 9, 9:00 am ET


WILMINGTON, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced today that the California Independent System Operator (California ISO), a not-for-profit organization that manages the flow of electricity along California's open-market wholesale power grid, has certified Beacon Power's flywheel technology for use as a frequency regulation resource in the state.
ADVERTISEMENT


A letter from Jim McIntosh, Director, Grid Operations for the California ISO, stated: "The California ISO is pleased to certify that the 100-kilowatt high-speed flywheel technology demonstrated by Beacon Power is an acceptable technology for potential use as a regulation resource for the power grid. The test unit at the research facility in San Ramon demonstrated the ability to respond to real-time data from the Energy Management System at the California ISO as well as the test data we supplied. The unit's high-speed response rate and outstanding performance were clearly demonstrated to the California ISO and the CEC (California Energy Commission), and documented in the report provided to the Department of Energy."

McIntosh added that "a commercial size facility would, however, have to be significantly larger to provide a noticeable response to our control signals. A 40-megawatt facility, or two of the plants that Beacon is now designing under a contract to the DOE, could provide a portion of the regulation services required by California ISO. The next step is to install at least a one-megawatt, or preferably a 10-megawatt, commercial facility with two-way communications with the ISO with full integration into our markets, operations, and settlement systems."

"We are pleased that the California ISO has certified that Beacon's flywheel technology can be used for commercial frequency regulation in California," said Bill Capp, Beacon Power president and CEO. "This is another important milestone in implementing our business strategy to be a provider of frequency regulation services. We appreciate the strong and visionary support of the California ISO, and we are also grateful to our other major supporters, the California Energy Commission and the US Department of Energy, whose solid backing was essential to achieving this milestone."

McIntosh cited additional factors relevant to the California ISO's decision: "Due to its very high-speed ramp rate, this technology also has the potential to provide additional transmission grid services of value. As the amount of wind generation and other intermittent renewables increase in the next ten years, the need for high-speed regulation services will clearly increase. Identification and documentation of the benefits of high-speed flywheel systems could form the basis for discussion of (other) grid-connected services and potential compensation for these services. The deployment of this technology for regulation services could also reduce the amount of regulation required from fossil generating plants, which would lower CO2 greenhouse gas emissions."

About the California Independent System Operator (ISO)

The California ISO is a not-for-profit public benefit corporation charged with managing the flow of electricity along California's open-market wholesale power grid. The mission of the California ISO is to safeguard the reliable delivery of electricity, and ensure equal access to 25,000 circuit miles of "electron highway." As the impartial operator of the wholesale power grid in the state, the California ISO conducts a small portion of the bulk power markets. These markets are used to allocate space on the transmission lines, maintain operating reserves and match supply with demand in real time.

Time to buy alternate energy plays.... ;D
With Dem's in power and energy this oversold..they are good bottom fishing candidates, I like Beacon Power..... ;)

down 20% on financing news...crazy this will be 1.10 very soon again

This one is acting up again, some pretty good volume last couple of days........

This one displaying some good volume last couple of days.............

Things are looking up!
Symmetrical Triangle (continuation) Pattern,
With a nice BreakOut! Back above the 200-day MA


52wk Range: 0.74 - 1.57
Volume: 2,268,917
Avg Vol (3m): 725,299

Technicals
Percentage Gainer

Last Price Quote is:
13.35%above 13-day MA
23.55%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $77.31 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Break above resistance.......

Technicals
Last Price Quote is:
24.71%above 13-day MA
39.81%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $89.37 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

BreakOut above the resistance with strong conviction.......
Another play in energy field is BCON, buy any pullback !!! ;D ;)
Whose T/A is shaping up similar to WWAT.OB

Float (mil) 68.56.......Shares Outstanding (mil) 71.35

Business Overview :
BRIEF: For the three months ended 31 March 2007, Beacon Power Corp.'s revenues rose 36% to $393K. Net loss rose 10% to $3.1M. Revenues reflect an increase in the turnover. Higher loss reflects due to decrease in gross margins, decreased interest income, an increase in research & development expenses and higher depreciation & amortization expenses. The Company is engaged in providing electric utility services. http://www.beaconpower.com/


52wk Range: 0.74 - 1.57
Volume: 6,343,852....... ;D ;)
Avg Vol (3m): 801,116

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
34.15%above 13-day MA
50.41%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $89.37 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

fyi:
One name related to the alternate energy sector that had a stellar second quarter on news that wouldn't seem to move as much as it did was Beacon Power Corporation (BCON). The Company designs and develops advanced products and services to support stable, reliable and efficient electricity grid operation. Their sustainable energy storage technology has been approved for use in providing frequency regulation services in three of the largest open-bid electricity markets in the U.S.
Shares of the Company have gained almost 100% since late May, running from the 75c range to a high on Tuesday of $1.52.
In early May, BCON reported their first quarter numbers. Revenue was reported at $393,000 and a net loss of $3,090,000, or ($0.05) per share, compared to revenue of $289,000 and a net loss of $2,822,000, or ($0.05) per share, in the first quarter of 2006.
During the first quarter of 2007, Beacon Power incurred costs of $1,660,000 in research and development expense, compared to $1,061,000 in the first quarter of 2006. Research and development expense increased primarily due to increased expenses for development materials, increased headcount-related expenses resulting from hiring of engineering personnel and other expenses to support the continuation of their flywheel development and design of their initial frequency regulation facility.
In early June, the Company announced that the PJM Interconnection, a not-for-profit organization that manages the flow of electricity in the world's largest competitive wholesale electricity market, had approved BCON's flywheel technology for use as a frequency regulation resource in its region. The flywheel technology benefits companies by allowing for increased market competitiveness, technology diversity, and the potential for reducing CO2 greenhouse gas emissions.
Noted Bill Capp, Beacon Power president and CEO, in the press release, "Beacon Power's flywheel technology has now been qualified by three of the country's five open-bid electricity markets:
California, New York, and the PJM Interconnection, which collectively serve more than 100 million electricity users. These approvals give us multiple options for where to build our initial frequency regulation plant in 2008."
With the efforts of government and activists to clean up and become more efficient in the energy sector, the name could become one to follow over the coming months as they execute their construction of the regulation plant. Investors would be wise to watch.

Press Release Source: Beacon Power Corporation


Beacon Power Announces Compliance with NASDAQ Continued Listing Requirements
Thursday July 5, 9:00 am ET


WILMINGTON, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, has announced that on July 3, 2007, it received a letter from The NASDAQ Stock Market stating that, because the closing bid price of the Company's common stock has been at $1.00 per share or greater for at least ten consecutive business days, Beacon has regained compliance with Marketplace Rule 4310(c)(4).

 
About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, now in development following the successful conclusion of scale-power demonstrations in two states, is a prototype for a non-polluting, megawatt-level, utility-grade flywheel-based solution that would provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product or supplying frequency regulation services on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product development and commercialization milestones, including design modifications that Beacon has implemented following a recent malfunction that occurred while testing a prototype flywheel; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which Beacon hopes to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; the complexity and other challenges of arranging project finance and resources for one or more frequency regulation power plants; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the volatility in the stock price of companies operating in the same sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.

Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-694-9121
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

Quote from: setravis on June 28, 2007, 07:14:49 PM
Things are looking up!
Symmetrical Triangle (continuation) Pattern,
With a nice BreakOut! Back above the 200-day MA

Quote from: setravis on July 02, 2007, 10:08:18 AM
Break above resistance.......

Quote from: setravis on July 02, 2007, 06:35:06 PM
BreakOut above the resistance with strong conviction.......
Another play in energy field is BCON, buy any pullback !!! ;D ;)
Whose T/A is shaping up similar to WWAT.OB

Float (mil) 68.56.......Shares Outstanding (mil) 71.35

In Play: Beacon Power.......
Back in Compliance with NASDAQ Continued Listing Requirements,
and the move north continued ! :D

52wk Range: 0.74 - 1.57
Volume: 6,316,992
Avg Vol (3m): 873,298

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
40.50%above 13-day MA
65.94%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $89.37 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

It's no secret that money is flooding into the alternative energy sector.
A speculative technology startup such as Beacon Power Corp , on the other hand, is likely to be even more volatile, having dropped almost 80% in a little over a year, and now looking as if it is headed into an upswing.

Beacon is not a company that looks particularly attractive fundamentally at the moment.

What, I like about Beacon...
a) A technology for which I can see applications not only 20 years down the road, but now.
b) Research and development partnerships with one or a couple of reputable entities out of which a steady flow of good news streams out...in this case the US Department of Energy and the states of California and New York.
c) Low trading volumes and no upside momentum, which provides plenty of attractive entry points.

Support @ $1.67...1.21...1.15
Resistance @ $2.01...2.37


52wk Range: 0.74 - 1.64
Volume: 6,093,336
Avg Vol (3m): 973,929

Technicals
Most Actives
Percentage Gainer
MACD is Bullish
Stochastic is Bullish

Last Price Quote is:
50.74%above 13-day MA
83.59%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $89.37 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Below are the  6 month, 2 year and 3 year charts.......

Wow, that was fun, .80 cent gain in 3 weeks........... :o

I jumped out near the close.........

Volume is everything........I rode this the summer of 2005 like others might have, it sure is nice to see her alive again............

Hopefully some news will sustain this run..............

Now how about that move....... ;D
Closing in on the "Golden Cross"!

52wk Range: 0.74 - 1.85
Volume: 9,671,604
Avg Vol (3m): 1,066,760

Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
73.22%above 13-day MA
119.08%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $131.22 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

News is overdue.......any news and were off to the races.
Extreme bullish moneyflow.
Looking very good...tomorrow could be a very interesting day!
All JMHO of course... ;)

Support @ $1.21...1.08
Resistance @ $1.92

Recent CandleStick Analysis
Very Bullish
Jul-11-2007 Homing Pigeon


52wk Range: 0.74 - 2.37
Volume: 3,188,800
Avg Vol (3m): 1,714,940

Technicals
Last Price Quote is:
24.94%above 13-day MA
68.22%above 50-day MA
RS Rating: 99
MACD is Bullish

Fundamentals
Key Data:
Market Cap (M): $131.22 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

After Hours: 1.90  0.02 (1.06%) as of 5:45PM ET on 07/11/07

Quote from: setravis on July 09, 2007, 02:44:53 PM
Now how about that move....... ;D
Closing in on the "Golden Cross"!

Quote from: setravis on July 11, 2007, 08:24:53 PM
News is overdue.......any news and were off to the races.
Extreme bullish moneyflow.
Looking very good...tomorrow could be a very interesting day!
All JMHO of course... ;)

Beacon Power Announces Election of New Board Member
Nice day...Volume and price action... ;)
Bounce of the 61.8% Fibonacci retracement,Back above the 13-day MA !
Stochastic way over sold.                                           
The "Golden Cross has occurred....... ;)

52wk Range: 0.74 - 2.37
Volume: 8,074,525.............. ;D
Avg Vol (3m): 1,656,770                                                 

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
11.75%above 13-day MA
42.95%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $119.87 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Quote from: setravis on July 05, 2007, 05:57:37 PM

Quote from: setravis on June 28, 2007, 07:14:49 PM
Things are looking up!
Symmetrical Triangle (continuation) Pattern,
With a nice BreakOut! Back above the 200-day MA

Quote from: setravis on July 02, 2007, 10:08:18 AM
Break above resistance.......

Quote from: setravis on July 02, 2007, 06:35:06 PM
BreakOut above the resistance with strong conviction.......
Another play in energy field is BCON, buy any pullback !!! ;D ;)
Whose T/A is shaping up similar to WWAT.OB

Float (mil) 68.56.......Shares Outstanding (mil) 71.35

In Play: Beacon Power.......
Back in Compliance with NASDAQ Continued Listing Requirements,
and the move north continued ! :D

Quote from: setravis on July 06, 2007, 07:12:37 PM
It's no secret that money is flooding into the alternative energy sector.
A speculative technology startup such as Beacon Power Corp , on the other hand, is likely to be even more volatile, having dropped almost 80% in a little over a year, and now looking as if it is headed into an upswing.

Beacon is not a company that looks particularly attractive fundamentally at the moment.

What, I like about Beacon...
a) A technology for which I can see applications not only 20 years down the road, but now.
b) Research and development partnerships with one or a couple of reputable entities out of which a steady flow of good news streams out...in this case the US Department of Energy and the states of California and New York.
c) Low trading volumes and no upside momentum, which provides plenty of attractive entry points.

Quote from: setravis on July 09, 2007, 02:44:53 PM
Now how about that move....... ;D
Closing in on the "Golden Cross"!

Quote from: setravis on July 11, 2007, 08:24:53 PM
News is overdue.......any news and were off to the races.
Extreme bullish moneyflow.
Looking very good...tomorrow could be a very interesting day!
All JMHO of course... ;)

Like BCON ?  ;D
If you like flywheel technology, ALTI is another potential winner for improving the grid. They have an agreement to work with AES, one of the world's largest utility companies, to develop energy storage which would compete with BCON. Supposedly, ALTI's technology may be faster at releasing energy into the grid than BCON, and since it has no moving parts, much less can go wrong with the system. Also, if your betting on grid infrastructure improvements, look at CPTC, who makes a transmission cable that can transmit 2x more energy and doesn't have the sag problem with conventional cable. They also make one of the most efficient wind turbines available. Lots of potential, but lots of debt. 


Double Bottom (reversal) Pattern,
at the $1.40 area, at the 50-day MA.

52wk Range: 0.74 - 2.37
Volume: 678,242
Avg Vol (3m): 2,461,460

Technicals
Percentage Gainer

Last Price Quote is:
1.34%above 13-day MA
11.68%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $103.79 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Got an update
Go here for my 2 cents worth.......  ;D

http://www.3stocksonfire.org/trading/index.php?topic=7502.135

Got an update,
Go here for my 2 cents worth.......  ;D

http://www.3stocksonfire.org/trading/index.php?topic=7502.135

The BCON Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.

I will leave you Friday's closing chart while I'm in this thread....... 

Good trading to all !   

Regards,
Your fellow trader @3SOF
setravis

Worth an updated look...


52wk Range: 0.74 - 2.37
Volume: 2,282,493
Avg Vol (3m): 2,092,280

Technicals
MACD - Bullish
Percentage Gainer

Last Price Quote is:
15.30%above 13-day MA
21.75%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $103.00 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Worth the the time to let you see today's closing chart....... ;)

Here's you an update....... ;)
Stochastic Graph suggest an entry point . Oversold !
Are you ready to rumble... ;D Lot's of potential... 8)
A Double Bottom (reversal)Pattern
Into a Symmetrical Triangle (continuation) Pattern,
Are you ready for a BreakOut... ;) Indicators looking awesome!!

52wk Range: 0.74 - 2.37
Volume: 7,712,363
Avg Vol (3m): 2,191,550

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
10.85%above 13-day MA
19.34%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $118.45 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Press Release Source: Beacon Power Corporation


Beacon Power Successfully Completes Critical Testing of Smart Energy 25 Flywheel System
Wednesday September 12, 10:16 am ET 
Company Achieves Successful Results Over Full Range of Performance Tests;
Remaining Parts for Initial Commercial Systems Released for Ordering


WILMINGTON, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, today announced that it has successfully completed all critical performance tests on the Smart Energy 25 flywheel, and is moving forward to order the remaining materials necessary to build its first 10 commercial flywheel units.


The critical tests that the flywheel passed included "lift-circuit failure testing." This involved powering the Smart Energy 25 system up to different speeds, including its top speed of 16,000 rpm, and disabling power to the magnetic system that lifts the spinning flywheel within its vacuum-sealed container. The hardware components that Beacon redesigned following a test malfunction in December 2006 were successful in bringing the flywheel to a full and safe stop. Other tests confirmed projected performance of the flywheel, including high efficiency operation and availability of its rated 25 kilowatt-hours of stored energy.

"This is a tremendous accomplishment by our engineering team, representing thousands of hours of design, development and testing," said Bill Capp, Beacon president and CEO. "With this important safety milestone successfully completed and our redesign thus validated, we are moving ahead to build our first commercial units. We expect these initial Smart Energy 25 systems to be running in our new manufacturing plant in Tyngsboro, Massachusetts, by the end of January 2008, before being grid-connected at our first commercial frequency regulation facility in April 2008."

Last month the Company announced that the Smart Energy 25 had achieved the performance benchmarks of full speed (16,000 rpm) and full power (100 kilowatts charging and discharging), and that it had begun ordering some long lead-time components. The Company is also qualifying multiple suppliers for key system components and continues to work to optimize the manufacturing cost of the system.

In related news, Beacon has finalized and is implementing plans to move its Massachusetts-based headquarters facility from Wilmington to a larger space in Tyngsboro. The Company has signed a 60-day extension of its current lease through November 2007, to allow a smoother transition from one location to the other. "We intend to make this move during the first half of November, without any significant interruption to flywheel development or manufacturing schedules," added Capp.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, now in development following approval for use in three of the country's five open-bid regulation markets, is being designed to be a non-polluting, megawatt-level, utility-grade flywheel-based solution that would provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product or supplying frequency regulation services on a commercial basis; limited commercial contracts for sales to date; our ability to obtain site interconnection or other construction approvals in a timely manner; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which Beacon hopes to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; the complexity and other challenges of arranging project finance and resources for one or more frequency regulation power plants; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of the Company's stock price, as well as volatility of the stock price of other companies in the energy sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.


Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

AP
Beacon Rises Sharply on Product News
Wednesday September 12, 12:14 pm ET 
Beacon Power Shares Rise Sharply After Company Says Device to Be Commercially Produced


NEW YORK (AP) -- Shares of Beacon Power Corp. rose sharply Wednesday after the company received a multimillion dollar investment and said a device in development would start being commercially produced.


Beacon Power shares rose 22 cents, or 13 percent, to $1.86 in midday trading.

The Wilmington, Mass.-based company, which designs and develops devices to efficiently store and deliver energy, said on Tuesday that its "Smart Energy 25" flywheel passed its performance and safety tests. The company ordered materials to build the first 10 units to be sold and expects manufacturing to begin in January.

Beacon had to redesign the Smart Energy 25 system's components following a malfunction in December.

Institutional investor Capital Ventures International infused $10 million into Beacon on Sept. 5, the company said last week. The funds will be used to buy materials for production of the new flywheels, as well as to fund its new manufacturing facility in Tyngsboro, Mass.

After subtracting fees, Beacon will net $9.3 million from the sale of units. Merriman Curhan Ford & Co. acted as sole placement agent.

Capital Ventures, associated with Heights Capital Management Inc., purchased 5.1 million units at $1.96 each. Each unit consists of a share with a par value of 1 cent and a warrant to buy 1.2 shares at an exercise price of $1.99 per share.

AP
Movers Roundup: Thomas & Betts, Cardica
Wednesday September 12, 3:19 pm ET 
Movers Roundup: Thomas & Betts Up on Interest in Leviton, Cardica Up on Heart Surgery Device


Among the stock activity stories for Wednesday, Sept. 12, from AP Financial News:
NEW YORK (AP) -- Shares of Thomas & Betts Corp. rose Wednesday after analysts said the company will have the chance to get more value from an investment in a wiring device maker.

NEW YORK (AP) -- Cardica Inc. shares surged Wednesday after its C-Port Flex A system, a device used in heart surgery, was approved for sale in the European Union.

ORANGEBURG, N.Y. (AP) -- Shares of Vision-Sciences Inc. broke a 52-week high Wednesday after the medical device maker received U.S. Food and Drug Administration clearance to market its new line of endoscopes.

NEW YORK (AP) -- Shares of Beacon Power Corp. rose sharply Wednesday after the company received a multimillion dollar investment and said a device in development would start being commercially produced.

Love this set-up for BCON.  Break-out of ascending triange.  Gap up and a follow through white candle.  Should move higher ;D

RECEIVES NOTIFICATION FROM U.S. DOE: Beacon Power Corporation (BCON) announced
that it has been notified by the U.S. Department of Energy (DOE) that the Company can submit a
full application for a DOE program that would provide loan guarantees to commercial lenders for
up to 80% of the project debt needed to finance the construction of its first 20-megawatt flywheel
frequency regulation plant. Beacon Power was one of only 16 companies selected from a total
of 143 that filed "pre-applications" for loan guarantees, and the only company whose project was
chosen in the "Electricity Delivery and Energy Reliability" category.


;)

BCON is becoming a monster and it will prevail with its new technology. ;D
Long term buy and hold... ;)


52wk Range: 0.74 - 2.37
Volume: 3,280,444
Avg Vol (3m): 2,611,370

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
15.85%above 13-day MA
28.40%above 50-day MA
RS Rating: 37 

Fundamentals
Key Data:
Market Cap (M): $140.19 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

These low-priced stocks will outperform the market.......Make some change    ;) ;D
Crystallex International (AMEX: KRY)
Zix (Nasdaq: ZIXI)
Beacon Power (Nasdaq: BCON)


Technicals
Last Price Quote is:
-1.55%below 13-day MA
6.61%above 50-day MA
RS Rating: 79 

Fundamentals
Earnings Expected on Nov 6

Key Data:
Market Cap (M): $143.05 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

Mid 70's looks to be the bottom of these ugly trading days. GL, picked up a raft of shares at 1.77

Company is about to go into production. I guess those investing above current market price into the common stock know what they are doing.
I love the prospects of BCON power.  ;D ;)



52wk Range: 0.74 - 2.49
Volume: 2,998,356
Avg Vol (3m): 2,312,190

Technicals
Close Above the 50-day MA
Percentage Gainer

Last Price Quote is:
6.53%above 13-day MA
9.72%above 50-day MA
RS Rating: 93 

Fundamentals
Analyst Upgrade to Buy
Earnings Expected on Nov 6

Key Data:
Market Cap (M): $126.60 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

setravis, are you still monitoring BCON? I almost bought bottom fished it last month, but regrettably just watched. Still thinking of pulling the trigger. The chart is looking good now, I think, considering the BIG volume on those up days. Should I pull the trigger? or not?

Disregard previous post setravis. I decided to stay away from it for now.

BCON out with big news today.......Good for the long term.


52wk Range: 0.77 - 2.49
Volume: 10,215,514
Avg Vol (3m): 981,781

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
21.80%above 13-day MA
24.87%above 50-day MA
RS Rating: 82 

Fundamentals
Key Data:
Market Cap (M): $106.40 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Press Release Source: Beacon Power Corporation


Beacon Power Wins Environmental Approval to Build 20 MW Flywheel Plant in Stephentown, New York
Monday May 19, 12:56 pm ET


TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced today that it has gained the necessary environmental approval to build its first 20-megawatt flywheel frequency regulation plant in Stephentown, New York. The approval, referred to as a "negative declaration" under the State Environmental Quality Review Act (SEQRA), was granted by the Stephentown Planning Board during a meeting held on May 15, 2008. The Board's vote on the declaration was 5-0.


Beacon Power has now complied with or passed all relevant federal, state and county environmental, wildlife and archeological requirements for the proposed plant. Due in part to the late hour and additional items on the Stephentown Board's agenda, a secondary vote on a special permit to allow the site to be used for a utility purpose was deferred until the Board's next meeting on June 19th. This permit, which is customarily issued following a SEQRA negative declaration, was also recommended for approval by the town's engineer.

"We are very pleased that the Stephentown Planning Board was able to reach this decision," said Bill Capp, president and CEO of Beacon Power. "Their favorable vote on the negative declaration was based on considerable evidence that we supplied that satisfactorily addressed the 20 stringent criteria of the SEQRA program. In every case we had to demonstrate that our project would have little or no environmental impact. The Stephentown consulting engineer who reviewed our documentation gave a favorable opinion, and in the formal vote the Board unanimously agreed. We expect the Board to accept the engineer's recommendation and approve the special permit next month."

Beacon plans to have multi-megawatt flywheel frequency regulation plants running in two locations before year end. In addition to the continued favorable progress in New York and Massachusetts, the Company is also developing sites in the PJM Interconnection grid operating region.

About the State Environmental Quality Review Act (SEQRA)

In New York, town boards and other government agencies must comply with strict procedures for the review of environmental impacts of proposed projects before they can be approved. This environmental impact review is mandated and guided by SEQRA and its implementing regulations. If, after looking a developer's plans and technical documents – and taking into account public comments – the agency cannot find any significant adverse impacts that might result from its approval, it may issue a "negative declaration." A negative declaration states that not a single significant adverse impact could come of the agency's action. Once this has been determined, the SEQRA review is complete.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, now entering production following approval for use in three of the country's five open-bid regulation markets, is designed to be a non-polluting, megawatt-level, utility-grade flywheel-based solution that would provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection or other zoning and construction approvals in a timely manner; no experience manufacturing any product or supplying frequency regulation services on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property, including the effect of the patent litigation recently initiated against us; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.



Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

AP
Beacon Power shares spike as analyst bullish on growth
Wednesday May 28, 10:55 am ET
By Ernest Scheyder, AP Business Writer 
Analyst says Beacon Power can tap $700 million market, starts coverage with "Buy" shares


NEW YORK (AP) -- Energy storage systems developer Beacon Power Corp. can likely tap into a $700 million energy storage market and post revenue from commercial clients by the end of the year, an analyst said Tuesday.


Kaufman Bros. analyst Theodore O'Neill started coverage of Beacon at "Buy" with a $3 price target, implying he expects shares to rise about 77 percent from Tuesday's $1.70 close.

The stock jumped 22 cents, or 12.9 percent, to $1.92 Wednesday morning.

The Tyngsboro, Mass., company makes products that let utilities store energy when it is not needed, and quickly distribute it when demand rises. The technology, which uses a series of mammoth flywheels, does not emit any greenhouse gases, making it an environmentally appealing alternative to current storage methods.

The Beacon product will likely be used commercially by the end of 2008, with three systems running within a year, said O'Neill, who estimated the company has an "addressable market of more than $700 million."

Beacon has just finished a decade of research and development work -- during which it received support from the Department of Energy, among others -- and is moving rapidly into the commercial zone, a spokesman said.

"We're moving into an industry that does need cleaner technology to keep up with the increasing demand for electric power and for technology that performs a service to the grid in a clean and sustainable way," spokesman Gene Hunt said in a phone interview.

Earlier this month the company posted a steep drop in first-quarter revenue and a wider loss, due in part to the completion of several contracts. At that time, the company said it would enter a "production phase" and that it expected to posted commercial revenue by the fourth quarter.

Shares have risen 12 percent so far this year.

 ;) ;D Electric utility company Beacon Power (BCON) climbed 17.85% to close @ $2.00. Kaufman Brothers initiated coverage on the Tyngsboro, Mass.-based firm with a buy rating
and said the energy storage systems developer can likely tap into a $700 million market.


52wk Range: 0.82 - 2.49
Volume: 9,002,476
Avg Vol (3m): 1,349,430

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
41.61%above 13-day MA
60.76%above 50-day MA
RS Rating: 96 

Fundamentals
Coverage Initiated: Buy

Key Data:
Market Cap (M): $132.14 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Update chart look...
Beacon Power to Present at the Jefferies 5th Global Clean Technology Conference
in New York City. The presentation is scheduled to begin at 8:30 a.m. EDT on Thursday, June 5. More information about this event, including a live webcast, may be accessed by visiting www.beaconpower.com. A webcast replay will be accessible for 90 days following the conference.

52wk Range: 0.84 - 2.49
Volume: 3,727,454
Avg Vol (3m): 1,543,160

Technicals
Percentage Gainer

MACD is Bullish
Stochastic is Bullish

Last Price Quote is:
28.49%above 13-day MA
55.84%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $167.61 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/06/2008
Last Analyst Rating: Buy

AP
Company wants to connect flywheel batteries to NY power grid
Friday June 13, 3:42 pm ET
By Michael Hill, Associates Press Writer 
A new spin on managing electricity: Company wants to connect flywheel batteries to NY grid


ALBANY, N.Y. (AP) -- A Massachusetts company wants to build a unique array of 200 flywheel batteries over several acres to store spare power from New York's electrical grid and zap it back as needed.
Beacon Power Corp. wants to connect the 20-megawatt, short-term energy storage unit to New York's power grid in Stephentown, a rural community near the Massachusetts border. The Tyngsborough, Mass., company claims the matrix of batteries would make the grid more efficient and conserve energy, though they have some final hurdles to clear.



Officials in Stephentown will consider a zoning variance for the $50 million-plus facility on June 19, and Beacon is awaiting a crucial permission from the operators of the state's electrical distribution system, The New York Independent System Operator.

If approved, some of the batteries could be tied into New York's electricity supply grid by the end of this year.

During a demonstration at its headquarters Friday, the company said it has received a commitment for as much as $5 million in loans to finance its expansion plans. The money is from the Massachusetts Development Finance Agency, the state finance and development authority and the Massachusetts Technology Collaborative, the state's development agency for renewable energy.

Beacon officials say the batteries to be used in the New York project would help NYISO maintain the ever-fluctuating balance between electricity supply and demand across the state. Right now, selected generators regularly bid with the NYISO to gear up or scale back production to keep the grid in balance, which is necessary for reliable electricity service.

Beacon claims they can do a better job than generation plants -- or at least a faster job. Beacon's Gene Hunt said flywheels can balance supply and demand about 100 times quicker.

"It's the difference between a speedboat and an ocean liner," he said.

The quicker reaction time would create a more efficient system and conserve energy, he said.

"Clearly there's an advantage," Hunt said. "These are clean, they consume no fuel, they have no emissions at all."

Beacon's flywheel batteries are different from the chemical batteries in cars and phones. As the name implies, these batteries store power as kinetic energy -- think of the way potters' wheels are hard to stop once they're up to speed. The flywheels will be encased in vacuum capsules seven feet high and three feet around and will rotate 16,000 times a minute.

Flywheel batteries are nothing new, though lining up a bunch of them to regulate electricity supplies is novel. The Electric Power Research Institute, an industry research group, said this appears to be the first flywheel battery system of this size serving a power grid.

NYISO in its annual energy report noted that energy storage devices could provide significant energy and environmental benefits. But NYISO spokesman Ken Klapp said Beacon's permission to connect to the grid will be based on an impact study now being conducted.

If approved, Beacon would bid against the power generators who currently perform that service.

Klapp said grid operators, as always, would be concerned with reliability and price.

"It's just a question of economics," he said.

Hunt said the rural area close to the Massachusetts line was chosen because it offers a place to plug into the grid and because it's less than a three-hour drive from the company's headquarters north of Boston.

They also have applied to build similar flywheel units at their plant northwest of Boston and in Ohio.

BCON just rallied above its 200-day moving average in the second half of May, and has recently pulled back to test that level.

52wk Range: 0.84 - 2.49
Volume: 4,877,377
Avg Vol (3m): 1,768,440

Technicals
Percentage Gainer

Last Price Quote is:
14.87%above 13-day MA
36.97%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $156.08 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/06/2008
Last Analyst Rating: Buy

Quote from: setravis on May 19, 2008, 04:40:52 PM
BCON out with big news today.......Good for the long term.

Excellent day while the market tanks.......

52wk Range: 0.84 - 2.49
Volume: 13,303,202
Avg Vol (3m): 1,931,840

Technicals
Close Above the 13-day MA
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
15.83%above 13-day MA
33.20%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $173.82 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/06/2008
Last Analyst Rating: Buy

TYNGSBORO, Mass., Jul 18, 2008 (BUSINESS WIRE) -- Beacon Power Corporation (BCON, Trade), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that at a meeting on July 17th, the Planning Board in Stephentown, New York, voted to issue a Special Use Permit for the Company's planned 20-megawatt frequency regulation plant. This decision, which allows the site of the proposed plant to be used for Beacon's intended purpose, is the final approval needed from the Planning Board. It follows a vote taken earlier this month by the Board to issue an environmental approval for the project.

"This important vote in our favor by the Planning Board is another key step toward building a frequency regulation plant in Stephentown," said Bill Capp, Beacon Power president and CEO. "We're grateful to the Board for its vision and fairness in evaluating our project, and we look forward to working with the community in the months ahead."

With this Special Use Permit approval in place, Beacon will now exercise an option it holds to purchase the 7-acre parcel in Stephentown where it plans to build the frequency regulation plant. The Company will also secure standard building permits, as are required for any construction project, and begin initial site development activities.

Beacon is planning to have frequency regulation facilities in two locations before the end of the year with a total of five megawatts of capacity. The possible locations include Stephentown, Beacon's Tyngsboro headquarters, and a site in Ohio.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, now entering production, is designed to be a non-polluting, megawatt-level, utility-grade flywheel-based solution that would provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs, such as New York ISO, have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection or other zoning and construction approvals in a timely manner; no experience manufacturing any product or supplying frequency regulation services on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property, including the effect of the patent litigation recently initiated against us; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.

SOURCE: Beacon Power Corporation


Beacon Power Corporation 
James Spiezio, 978-694-9121 
[email protected] 
or 
Gene Hunt, 978-661-2825 
[email protected] 

Copyright Business Wire 2008

Press Release Source: Beacon Power Corporation


National Grid and Beacon Power Sign Agreement to Evaluate Flywheel Technology for Grid Applications
Monday January 26, 10:50 am ET 
Evaluation to focus on benefits of fast-response regulation and heightened demand for regulation due to wind power


TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has executed an information sharing and performance evaluation agreement with the energy utility company National Grid.


Under the two-year agreement, the companies will share technical, performance and economic data associated with Beacon's flywheel energy storage systems and their potential operational value to National Grid's electricity transmission networks. Objectives of the agreement include National Grid's evaluation of Beacon's flywheel energy storage systems not only for fast-response frequency regulation, but also for wind-related ramp mitigation – another potential large-scale grid stability application.

"National Grid is committed to assessing new energy technologies and their capacity to help create a more efficient, environmentally responsible and cost-effective modern grid," said Stan Blazewicz, Vice President, Global Head of Technology for National Grid. "The positive attributes of flywheel energy storage – especially its high efficiency, zero carbon emissions, and extremely fast response – make it a technology of significant interest and one we are keen to investigate."

"National Grid is one of the largest investor-owned utility companies in the world, with an extensive footprint in the United Kingdom as well as the northeastern U.S.," said Bill Capp, Beacon Power president and CEO. "Prior to this agreement, we collaborated closely with National Grid in 2006 and 2007 on our demonstration system in Amsterdam, New York, as well as more recently on three interconnection projects in Massachusetts and New York. We believe that additional benefits can come from the broader sharing of information provided by this new agreement."

Beacon Power and National Grid will focus on the sharing of technical information and performance results for Beacon's Smart Energy Matrix, the energy storage-based regulation resource that Beacon is now operating under ISO New England's Alternative Technologies Program. The two companies will also be sharing technical information and analysis of the potential economic and performance benefits of fast-response flywheel regulation and wind-related ramp mitigation, in both the U.S. and the United Kingdom.

Ramp mitigation refers to the ability of regulation and reserve generation units to quickly compensate for a rapid system-wide change in aggregate power output caused by sudden changes in power production. As an intermittent resource, wind power generation often experiences rapid fluctuations in power output. As the amount of wind generation on the grid increases, many grid operators foresee the need to increase total regional ramping capacity to maintain proper energy balance.

Under terms of the agreement, Beacon will work with National Grid to forecast future increases in the demand for regulation capacity resulting from greater deployment of wind power. National Grid will also work with Beacon Power to define an optimal control algorithm for Beacon's fast-response energy storage technology that would maximize regulation benefits on the grid.

About National Grid

National Grid (LSE: NG - News; NYSE:NGG - News) is an international electricity and gas company and one of the largest investor-owned energy companies in the world.

In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). National Grid also owns over 4,000 megawatts of contracted electricity generation that provides power to over one million LIPA customers. It is also the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New Hampshire, New York and Rhode Island.

National Grid owns the high-voltage electricity transmission network in England and Wales and operates the system across Great Britain. It also owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses. National Grid also has a number of related businesses such as LNG importation and storage, land remediation and metering.

Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so, especially in view of the current situation in the financial markets; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection approvals, landlord approvals, or other zoning and construction approvals in a timely manner; limited experience manufacturing commercial products or supplying frequency regulation services on a commercial basis; limited commercial contracts for revenues to date; the dependence of revenues on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.




Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

--------------------------------------------------------------------------------
Source: Beacon Power Corporation

National Grid and Beacon Power Sign Agreement

Updated chart look.
Taking a bounce north, a surge in volume.


52wk Range: 0.35 - 2.18
Volume: 4,684,740
Avg Vol (3m): 999,870


Technicals
Percentage Gainer

Last Price Quote is:
14.62%above 13-day MA
-15.44%below 50-day MA
RS Rating: 10 

Fundamentals
Key Data:
Market Cap (M): $39.02 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/16/2009
Last Analyst Rating: Market Perform

A little here, and a little there.......

I see BCON is taking a nice bounce and now has gaped up.
I meant to run a post on it the other day...Had a brain fart  :D
I always like to play BCON when I can, one of my buddies!  ;D



52wk Range: 0.32 - 2.18
Volume: 8,573,347
Avg Vol (3m): 1,240,180

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
38.27%above 13-day MA
37.43%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $51.50 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/08/2009
Last Analyst Rating: Hold

Press Release Source: Beacon Power Corporation
Beacon Power Affirms Strong Support for $4-Billion Federal Government Energy Storage and Smart Grid Initiatives
Company Plans to Pursue Energy Storage Project Funding Opportunities Through U.S. Department of Energy Technology Development Grants


TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced its full support for the U.S. Department of Energy's (DOE) new smart grid technology development project funding programs. The program plans were announced on April 16, 2009, by Vice President Joe Biden and Commerce Secretary Gary Locke.

The Vice President outlined plans to distribute grants for smart grid technology development ($3.3 billion) and for smart grid storage, monitoring and technology viability (an additional $615 million). As part of Vice President Biden's announcement, the DOE released a draft Funding Opportunity Announcement (FOA) for a smart grid regional demonstration initiative. Beacon Power has reviewed the initial FOA and plans to apply for one or more grants to support deployment of the Company's energy storage technology for grid frequency regulation.

"We're very pleased that the Obama administration and DOE have determined that energy storage and smart grid technologies merit funding support to demonstrate the benefits their implementation will bring to our nation's power grid," said Bill Capp, Beacon president and CEO. "It's very encouraging that flywheels have been specifically recognized as a candidate technology in the draft Funding Opportunity Announcement."

"We are reviewing the relevant energy storage project opportunities," Capp continued, "and we look forward to the details being finalized by DOE. We then expect to submit one or more grant proposals which, if successful, will help Beacon demonstrate how our flywheel technology can provide utility-scale frequency regulation service cleanly and efficiently, and in accordance with federal smart grid requirements."

The draft FOA includes proposed funding for one or two energy storage demonstration projects for grid frequency regulation. The proposed total funding to be made available for the project(s) is $40-50 million, on a 50% applicant cost-share basis. The DOE has not yet announced a schedule for finalizing the FOA, or for submission deadlines or award announcements.


In addition to and separate from this new funding opportunity from the federal government, Beacon Power and DOE are in the final due diligence stage of the Company's application for a loan guarantee. The loan guarantee, if approved and successfully negotiated, could lead to funding for a large majority of the cost of Beacon's proposed 20-megawatt flywheel frequency regulation plant in Stephentown, New York. The proposed new DOE grant funding opportunities described above are additive to Beacon's loan guarantee application – that is, Beacon has the potential to be awarded both a loan guarantee and one or more co-funding grants under the new DOE initiative.

About the Draft Funding Opportunity Announcement (FOA)

The Department of Energy's draft FOA outlines opportunities to apply for grants that will co-fund utility-scale energy storage projects based on advanced technologies, including flywheels. The specific language in the FOA is as follows:

"An objective of this FOA is to support demonstration projects for major, utility-scale, energy storage installations. The projects will help to establish costs and benefits, verify technical performance, and validate system reliability and durability, at scales that can be readily adapted and replicated across the United States. Energy storage systems include the following technologies: advanced battery systems (including flow batteries), ultra-capacitors, flywheels, and compressed air energy systems. Application areas include wind and photovoltaic (PV) integration with the grid, upgrade deferral of transmission and distribution assets, congestion relief, and system regulation. Applications are also sought to demonstrate promising utility-scale storage technologies in order to rapidly advance their market readiness in the U.S." [Emphasis added.]

Within the draft FOA's Utility-Scale Energy Storage Area of Interest are a number of sub-areas, including frequency regulation, for which project proposals are being sought. The draft FOA describes the frequency regulation requirements as follows:

"Frequency regulation ancillary services are important to balancing areas, independent system operators (ISOs), regional transmission operators (RTOs), and electricity market operations. Technology application areas include balancing generation and load to maintain system frequency within NERC-defined limits, maintain power transmission and distribution stability and reliability, improve regional energy efficiency, and reduce CO2 greenhouse gas emissions.

Applications should address the following goals:


•Fast-response multi-megawatt system that can achieve full power in 4-seconds or less, up or down
•Zero CO2 emissions from operations: system does not consume any fossil fuel but recycles electricity between the grid and energy storage system on a continuous basis
•Energy storage capacity: shall be sufficient to perform frequency regulation as defined by the applicable tariff, but in no case less than 15 minutes as measured from a state of rated charge to rated discharge
•Efficiency: Minimum round trip efficiency of 75% as measured at the last transformer interconnecting the system to the grid and inclusive of all losses of the storage system and ancillary equipment, based on an actively managed control signal designed for energy storage assets
•Frequency Response capability: in addition to performing frequency regulation, system has the capability to perform Frequency Response to help the regional system recover from events such as loss of generator or transmission capacity
•System life: 10-year minimum; also provide cost option to extend life to 20-years
•Installation, commissioning and start-up: 3 years or less after project award
•Capacity: must be sufficient to bid into open regulation market
•Hazardous materials: provide MSDS listing, as relevant
•Prior to installation, ability to operate at maximum rated charge/discharge rate sufficient to reach stable operating temperature must be demonstrated
•Prior to installation, ability to accurately respond to ISO/RTO signaling must be demonstrated

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so, especially in view of the current situation in the financial markets; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection approvals, landlord approvals, or other zoning and construction approvals in a timely manner; limited experience manufacturing commercial products or supplying frequency regulation services on a commercial basis; limited commercial contracts for revenues to date; the dependence of revenues on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.


Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

chart update look...

52wk Range: 0.32 - 2.18
Volume: 9,649,472
Avg Vol (3m): 1,598,150

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
33.91%above 13-day MA
64.65%above 50-day MA
RS Rating: 96 

Fundamentals
Earnings Expected on May 8

Key Data:
Market Cap (M): $75.60 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/08/2009
Last Analyst Rating: Hold

Press Release Source: Beacon Power Corporation
Beacon Power Awarded $2 Million to Support Deployment of Flywheel Plant in New York
On Wednesday June 10, 2009, 12:31 pm EDT

TYNGSBORO, Mass.--(BUSINESS WIRE)--Beacon Power Corporation (Nasdaq: BCON - News), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has been selected by the New York State Energy Research and Development Authority (NYSERDA) for a project award valued at $2 million, subject to negotiations for the project contract. The award would provide partial funding for 1 megawatt (MW) of flywheel energy storage in Stephentown, New York – the first of 20 MW that Beacon expects to build and operate on the site.

Under the anticipated contract, the NYSERDA funding will partially pay for the design, site preparation, flywheel production, installation, system commissioning, data monitoring and analysis of a 1 MW Smart Energy Matrix that would provide frequency regulation services. As part of the same award, NYSERDA is also providing partial funding for certain interconnection components of the 20 MW frequency regulation plant that Beacon plans to construct on the Stephentown site.

The 1 MW Smart Energy Matrix will be initially connected to a power line owned by NYSEG, a major state utility. A system impact study for the 1 MW project has been successfully completed, and Beacon has entered into an interconnection agreement with NYSEG. When the balance of the 20 MW plant is constructed, the 1 MW system will be switched over and the entire facility will connect to a transmission line owned by National Grid.

Beacon will receive the funding from NYSERDA in stages that will be tied to construction milestones and system performance parameters. Once built and connected, the 1 MW system will be capable of receiving a commercial regulation control signal from New York ISO (NYISO), and earning revenue by bidding into the NYISO regulation market. NYISO received approval last month from the Federal Energy Regulatory Commission for what is considered to be the most favorable tariff for grid-scale energy storage among any of the open-market grid regions. In addition, NYISO has already completed the related technical implementation of software and control systems.

About Beacon Power

Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: This Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation's current views about future events and financial performances. These "forward-looking" statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation's expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so, especially in view of the current situation in the financial markets; the complexity and other challenges of arranging project financing and resources for one or more frequency regulation power plants, including uncertainty about whether we will be successful in obtaining DOE loan guarantee support for our New York facility; conditions in target markets, including the fact that some ISOs have been slow to comply with the FERC's requirement to update market rules to include new technology such as the Company's; our ability to obtain site interconnection approvals, landlord approvals, or other zoning and construction approvals in a timely manner; limited experience manufacturing commercial products or supplying frequency regulation services on a commercial basis; limited commercial contracts for revenues to date; the dependence of revenues on the achievement of product optimization, manufacturing and commercialization milestones; the uncertainty of the political and economic climate, and the different electrical grid characteristics and requirements of any foreign countries into which we hope to sell or operate, including the uncertainty of enforcing contracts, the different market structures, and the potential substantial fluctuation in currency exchange rates in those countries; dependence on third-party suppliers; intense competition from companies with greater financial resources, especially from companies that are already in the frequency regulation market; possible government regulation that would impede the ability to market products or services or affect market size; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; retaining key executives and the possible need in the future to hire and retain key executives; the historical volatility of our stock price, as well as the volatility of the stock price of other companies in the energy sector, especially in view of the current situation in the financial markets generally. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation's filings with the Securities and Exchange Commission. Beacon Power expressly does not undertake any duty to update forward-looking statements.


Contact:
Beacon Power Corporation
James Spiezio, 978-694-9121
[email protected]
or
Gene Hunt, 978-661-2825
[email protected]

Beacon Power awarded $2 mln project to support deployment of Flywheel Plant in New York.
Nearing the Golden Cross... pennant just to warm things up.


52wk Range: 0.32 - 2.18
Volume: 6,720,944
Avg Vol (3m): 1,618,100

Technicals
Percentage Gainer

Last Price Quote is:
11.15%above 13-day MA
22.30%above 50-day MA
RS Rating: 88 

Fundamentals
Key Data:
Market Cap (M): $91.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold

updated chart look...

Shorts have to cover...
The Golden Cross about to take place.

52wk Range: 0.32 - 2.18
Volume: 5,927,906
Avg Vol (3m): 1,831,660

Technicals
Percentage Gainer

Last Price Quote is:
21.49%above 13-day MA
39.61%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $91.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold

Mass. firm gets loan for NY energy storage system
Mass. company gets $43 million loan guarantee from US for flywheel energy storage in NY
On Thursday July 2, 2009, 10:03 pm EDT

TYNGSBORO, Mass. (AP) -- A Massachusetts company says the federal government has approved a $43 million loan guarantee to help finance a 20-megawatt energy storage system for New York's electrical grid.

Beacon Power Corp. said in a statement that the loan from the U.S. Department of Energy would cover more than 62 percent of the cost of the project, with the company financing the remainder.

The Tyngsboro, Mass.-based developer of energy storage systems wants to build 200 flywheel batteries over several acres in Stephentown, N.Y., to store spare power from the electrical grid.

Beacon says the energy storage plant will be emission free and reduce CO2 levels compared with fossil-fuel based systems.

This pup is oversold..Going to move on up!
We've had The Golden Cross...
Nice surge in the Volume!


52wk Range: 0.32 - 1.84
Volume: 15,100,315
Avg Vol (3m): 2,344,020

Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer

Last Price Quote is:
3.02%above 13-day MA
10.42%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $87.08 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/10/2009
Last Analyst Rating: Hold