3SOF

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 ..Ramsburg special (applaud) great job!

 
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....
+10.30%........Volume @ 4.5 mil

Broke the 3.53 resistance !

any price target ?

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 ?

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

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."

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