3SOF

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.   
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

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

http://www.3stocksonfire.org/trading/index.php?topic=728.0

Thank you Terliso !
Got it , it is now a part of this thread "Merged".....
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)

3. Technical Analysis
3.1. All History Chart



BCON's time was the mid 2005 rally. Besides that the all history chart is quite discouraging.

3.2. Medium Term Chart



The stock is down 80% from its August 2005 levels. It's kind of dead now.

3.3. Short Term Chart



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



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



Working capital is just $6 M now, BCON's balance sheet is weak.

4.3. Revenues



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



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.