I'm liking CPTC here after the closing bell. I think it's possible to get a quick profit off of this one. This one is an EliteG "G-Pattern" and I think it's a pretty good one. From right here i'd say a reasonable sell target would be in the $2.00 - $2.10 range.
(http://i4.photobucket.com/albums/y135/JustinBostwick/CPTC.png)
Coming off the bottom..
Nice little move today.. 8)
Looking good here.
Nice new $40 million dollar order :o
http://biz.yahoo.com/prnews/070329/lath057.html?.v=95
Composite Technology's DeWind Announces Order for D8.2 Turbines
Thursday March 29, 8:05 am ET
XRG Places Order Valued in Excess of $40 Million
IRVINE, Calif., March 29 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today that its subsidiary DeWind, Inc., has received an order from XRG Development Partners LLC (XRG) for the delivery and service of 18 DeWind 2 megawatt D8.2 wind turbines. The contract value is in excess of $40 million and the turbines are scheduled for delivery in late 2007 to XRG's project site in Minnesota. This is the initial order for what both companies expect to be a long term relationship for as many as 750 turbines over the next five years.
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Michael Porter, President of CTC and DeWind Inc, stated, "We are pleased that our advanced D8.2 turbine has been chosen for XRG's Minnesota site. This will be the first wind farm to use our D8.2 equipped with the Voith WinDrive® which allows high voltage power to be sent directly to the grid without the necessity for power conversion electronics. The turbines will be manufactured at the TECO Westinghouse facility in Texas."
James Carkulis, Manager of XRG, said, "This is the first turbine order for what we expect to be a long-term arrangement with DeWind for the purchase of over 1500 MW of turbines
Applaud kslifka, I think this is looking pretty good here as well. If 1.27 holds it looks like CPTC will start an uptrend from here. The volume is getting pretty consistent and if the PR holds true and they get an additional 750 orders over the next 5 years that would be over 1 billion in revenue over 5 years. 8)
Just an updated chart. Looking good. ;D I think CPTC should at least test the $2.11 level.
I didn't pay enough attention this morning and my buy order got filled @ 1.37... Hopefully we have an up day today. So far, not looking so good! ::)
CPTC is doing pretty well. One piece of PR today:
Dutton Associates Announces Investment Opinion: Composite Technology Speculative Buy Rating in Initiating Coverage by Dutton Associates (http://biz.yahoo.com/bw/070430/20070430006041.html?.v=1), which is just mildly interesting.
QuoteDutton Associates received $31,000 from the Company for 4 Research Reports with coverage commencing on 4/30/2007.
I'm looking at an extension to 161.8, at 2.36.
Nice jump today: up 10,14%.
Volume is average:
Volume: 1,129,539
Avg Vol (3m): 974,264
News that seem to be the cause of the jump:
Regulation FD Disclosure, Financial Statements and Exhibits (http://biz.yahoo.com/e/070502/cptc.ob8-k.html)QuoteItem 7.01 Regulation FD Disclosure
Members of the management team of the Registrant will present at the Jeffries 3rd Global Clean Technology Conference in New York, New York on May 2, 2007. The presentation is expected to begin at 2:30 p.m. New York Time. The audio presentation will be webcast live at http://www.wsw.com/webcast/jeff16/cptc.ob, along with presentation slides available for download. Following the live webcast, the presentation will be available on the Investor Relations section of the Composite Technology Corporation website at www.compositetechcorp.com. A copy of the power-point slide presentation to be used by the Registrant at the conference is furnished as Exhibit 99.1. A link to Exhibit 99.1 is also available on the Registrant's website located on the Internet at the address indicated above. The Company has also filed a press release announcing this presentation which is furnished as Exhibit 99.2.
The information in this Current Report, including the presentation attached hereto as Exhibit 99.1, is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in the Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended.
Boy, oh boy... CPTC is not doing what I was expecting.
I've been pretty impatient lately with stocks and have sold right before it took off (AVNR comes to mind, as well as EXM). I do not want to make the same mistake with CPTC. I've only been holding for 29 days (in @ 1.37).
Any thoughts?
Recent PR:
Wed, May 9 - COMPOSITE TECHNOLOGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity (http://biz.yahoo.com/e/070509/cptc.ob8-k.html) - EDGAR Online
Thu, May 10 - Composite Technology to Present at Merriman Curhan Ford's 3rd Annual Next-Generation Energy(SM) Conference (http://biz.yahoo.com/prnews/070510/lath065.html?.v=101) - PR Newswire
Thu, May 10 - COMPOSITE TECHNOLOGY CORP Files SEC form 10-Q, Quarterly Report (http://biz.yahoo.com/e/070510/cptc.ob10-q.html) - EDGAR Online
Mon, May 14 - Composite Technology Announces More Orders for ACCC Conductor (http://biz.yahoo.com/prnews/070514/clm043.html?.v=90) - PR Newswire
Tue, May 15 - Composite Technology's CEO to Speak in Webcast at Merriman Curhan Ford's 3rd Annual Next-Generation Energy(SM) Conference (http://biz.yahoo.com/prnews/070515/aqtu077.html?.v=8) - PR Newswire
Tue, May 15COMPOSITE TECHNOLOGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (http://biz.yahoo.com/e/070515/cptc.ob8-k.html) - EDGAR Online
Mon, May 21 - Composite Technology Announces Manufacturing Source for ACCC Conductors in the Middle East (http://biz.yahoo.com/prnews/070521/clm052.html?.v=86) - PR Newswire
Still holding CPTC. It's been 69 days now. I bought in at 1.37.
Since my last post on 5/24, a few good PR came out. Especially in the past few days:
Yesterday and today's release have had a nice impact on price.
Tue, Jul 3, 2007 - Composite Technology Receives Another ACCC Conductor Order for China (http://biz.yahoo.com/prnews/070703/latu008.html?.v=92) - PR Newswire
Mon, Jul 2, 2007 - Composite Technology to Present at Capstone Investor Conference (http://biz.yahoo.com/prnews/070702/lam054.html?.v=98) - PR Newswire
Wed, Jun 27, 2007 - Composite Technology Announces China Orders For ACCC Conductor (http://biz.yahoo.com/prnews/070627/law050.html?.v=100) - PR Newswire
Wed, Jun 20, 2007 - Composite Technology's DeWind Announces Order for D8 Wind Turbines (http://biz.yahoo.com/prnews/070620/law103.html?.v=69) - PR Newswire
Tuesday, June 12, 2007 -
Composite Technology Raises $20 Million in Private Placement (http://biz.yahoo.com/prnews/070612/latu084.html?.v=101) - PR Newswire
Composite Technology Raises $20M (http://biz.yahoo.com/ap/070612/composite_technology_financing.html?.v=1) PR Newswire
Thursday, July 5 - Composite Technology's DeWind Announces Order for D8 Wind Turbine (http://biz.yahoo.com/prnews/070705/lath018.html?.v=100) - PR Newswire
It's getting a little momentum. Volume is up: almost 2x the 3-month average. Today: up $0.07 (4.93%)
CPTC acting bullish ;)
On watch!
by the way- your cat is wearing a melon :)
Hey boatguy!! It's not a melon, it's a lime!!! ::) ;D
And yes, CPTC looks good right now.
;D ;D ;D ;D ;D News
Composite Technology's DeWind Announces its D8.2 Wind Turbine has Been Certified by DEWI-OCC:
http://biz.yahoo.com/prnews/070716/lam034.html?.v=94
Gap for the lime headed cat :)
Up 15% @ $1.705
Thw news about shortages in the wind turbine supply is having a positive effect on this stock!
A nice looking,
Cup with Handle (continuation) Pattern.......
It's getting my attention... ;) BreakOut !
52wk Range: 0.72 - 1.95
Volume: 5,471,061
Avg Vol (3m): 837,419
Technicals
Last Price Quote is:
19.09%above 13-day MA
28.91%above 50-day MA
Text Book Pattern... 8)
Cup with Handle (Continuation)
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
As with most chart patterns, it is more important to capture the essence of the pattern than the particulars. The cup is a bowl-shaped consolidation and the handle is a short pullback followed by a breakout with expanding volume. A cup retracement of 62% may not fit the pattern requirements, but a particular stock's pattern may still capture the essence of the Cup with Handle.
AWESOME!!!!
I didn't get a chance to look at today's performance - I'm in training all week
Up 22% on 10x average volume... woohoo ;D ;D
Any predictions where this is going to take us?
Good Products...........I think its going to move finally.
Really Like this company, been through some tough times.
Has some really great products and it seems to be, starting to pay off.
I would say it's ready to take out the $1.95 High...
Then the $2.11...$2.19...$3.17
Target some of those points, let the chart do the talking for you ! ;) ;D
Outstanding Volume day !
Recent CandleStick Analysis
Bullish
Jul-13-2007 Bullish Engulfing
Support @ $1.64...1.46...1.35
Resistance @ $1.85...1.95...2.11...2.19
52wk Range: 0.72 - 1.95
Volume: 8,186,753
Avg Vol (3m): 837,419
Technicals
Last Price Quote is:
26.79%above 13-day MA
37.25%above 50-day MA
MACD is Bullish
Below are the 6 month, 1 year, 2 year and 3 year charts.......
All JMHO of course....... 8)
Big surge today as well... At mid-day we're at the day's high... We touched $2.00!!! :o
As of 1:07 pm EST, up 14.5% at 1.98 on 4.4M volume
Keeps on a keeping on....... :o
52wk Range: 0.72 - 2.05
Volume: 2,516,727
Avg Vol (3m): 1,185,150
Technicals
Last Price Quote is:
17.36%above 13-day MA
40.95%above 50-day MA
Sell order kicked in today at 2.15. Nice trade: 91 days, up 52.3% (including comm)
I'm happy... :D
Quote from: Livana on July 25, 2007, 04:30:58 PM
Sell order kicked in today at 2.15. Nice trade: 91 days, up 52.3% (including comm)
I'm happy... :D
There is nothing like being happy with what you accomplish... ;)
Gap has been filled...bouncing off the 50-day MA
52wk Range: 0.72 - 2.22
Volume: 720,062
Avg Vol (3m): 1,399,890
Technicals
Last Price Quote is:
-6.90%below 13-day MA
3.43%above 50-day MA
TOP STORIES.......
Composite Technology Subsidiary
Ships First 2 Megawatt Wind Turbine
Composite Technology Corporation (CPTC) announced that its subsidiary
DeWind Inc., has shipped the first 2 megawatt D8.2 wind turbine for
commercial applications from its operations in Germany. This turbine
order has begun its long journey to San Juan, Argentina, where it will be
installed at 4,000 meters elevation near the customer's Veladero mining
operations and will be the only multi-megawatt turbine operating at that
elevation.
Break out. $2.20 not far behind. ;)
Wrong chart :)