WWAT.OB- solar power

[David Randolph]

Hi David

Did you bought this penny stock like you said Huh I don'l like what i'm seeing...each minute lower...hummmmmmmmmmmmm let's see.

Regrads

Yes I did, I always do what I say I will do  You can check that information at the 3 Pennies on Fire Portfolio homepage.

Yes, he bought at .585.

Thanks for helping basonista 

1000 stocks at 0.59. The fundamental are goods and 1 usd it's near. Great post and great service !!! I'll became a member soon.

From Portugal to all

Best regards

I hope so, thank you Goldeneyes 

Thanks David for that advise, I did not hesistate yesterday and scoup some at @0.608, in the next few hours it came down as low as 0.55 and ended at the high of day, it seems to tell me it just want to go up further from here. Please look at CDE, precious metals play, I thought you will be interested to read up Ted Butler's weekly comments on silver at below link:
http://www.investmentrarities.com/

Profit Trading

Thank you Elohim, I'll check CDE if it passes through my technical filters. You need to get used to a lot of volatility when you trade penny stocks, and I mean A LOT.

Considering WWAT, what an amazing market action on Friday if you ask me ... opened higher with a gap up, traded even higher after the open and then fell back, with heavy selling, to close the gap opened at the open. But, interestingly enough, supply was met by even greater demand and the stock crawled back up to close near the high of the day, rising 24% with record volume.

I think there's no need to say I will continue holding WWAT, the only way is up !

[la-onda]

Update:
http://www.knobias.com/individual/public/news.htm?eid=3.1.372e5fce3f2a50e4f1834d8425d84c6745346ec4a9793c1f9ff0e8a9d92f2584

WorldWater & Power Trades 4X Average Volume After Research Note

Tuesday , September 13, 2005 00:27 ET

Sep 13, 2005 (financialwire.net via COMTEX) --September, 13, 2005 (FinancialWire) WorldWater & Power Corp. (OTCBB: WWAT) traded 4,296,210 shares, almost four times its average volume of 1,273,350, closing at $0.58, a 13.43% decline after having set a new 52-week high of $0.69 in the previouis sessions.

The trading occurred after a new research note was issued on by Investrend Research Affiliate Beacon Equity Research analyst Shailesh Dhuri. In the report, Mr. Dhuri outlined some of the reasons for the stock's recent appreciation.

The full report is available at http://www.beaconequityresearch.com and http://www.investrendresearch.com

In the report Mr. Dhuri writes, "WorldWater Corporation is an international solar engineering and water management company. It designs, develops and markets technology relating to solar energy and water engineering. It is the world's sole provider of cutting edge, patented, high-volume solar powered water pumping technology with diverse commercial applications, capable of driving commercial motors of up to 650 horsepower.

The company has made some encouraging in the past few months. These announcements, coupled with strong macro environment for alternative energy companies has helped the stock price of the Company cross our price target of $0.62 in last few days ' up more than 150% since our last report on the firm in May.

WorldWater recently announced a $4 million funding deal with a leading hedge fund. This financing has achieved two things for the Company. First, when completed it will substantially narrow or even eliminate the negative net-worth of the Company. Second, it shows that professional money managers are willing to back this Company, given strong macro fundamentals of alternative energy companies, and also the strong order book at WorldWater.

WorldWater has secured a recapitalization of its operations, which will help the Company grow. In addition, we view the entry into Chinese market favorably."

chart:

[Ramsburg]

Note:
David had to go take care of some personal affairs, and will not be here before the opening bell.
He just called me, he will hold this position, and the update will be posted during the session.

Best regards,

[la-onda]

WorldWater & Power Corp. Announces Acquisition of Assets of California's Quantum Energy Group
Tuesday September 13, 12:32 pm ET 
WorldWater Acquires an Established Construction and Project Management Firm


PENNINGTON, N.J., Sept. 13 /PRNewswire-FirstCall/ -- WorldWater & Power Corp. (OTC Bulletin Board: WWAT.OB - News), developer of proprietary high-power solar systems, today announced the acquisition of MJD Solutions, Inc., d/b/a Quantum Energy Group, to assist with the design and construction of WorldWater projects.
Quantum Energy Group, an energy, construction, and project management company based in Applegate, California, has completed more than 400 residential, commercial and institutional installations. They have been licensed contractors in the State of California since 1984, and as MJD Solar, began marketing and installing photovoltaic systems in California in 2001. With a background in engineering, design and construction, they have grown rapidly in California and have come to be recognized as a leader in photovoltaic design and installation.

The stock purchase of Quantum adds an important expansion of design and delivery capability to WorldWater's portfolio of solar electric and water management projects. WorldWater & Power will be assuming Quantum Energy Group's backlog of business in California, as well as its pipeline of new business opportunities.

"WorldWater & Power Corp. enables us to expand our capabilities and strengthen our combined business throughout the U.S., including New Jersey" said Matthew Nelson, CEO & President of Quantum Energy Group.

updated chart:

[David Randolph]

Thanks for posting the news la-onda !

WWAT.OB is under a wave of profit taking. No damage to the technical bullish trend at this point.

I will continue holding the stock.

[David Randolph]

WWAT.OB is still bullish and fundamentals are attractive on this penny stock. I will continue to hold it.

(I'm unable to post chart, I apologize for that)

[David Randolph]

This is another fundamentally based penny trade. It would come as no surprise if WWAT.OB consolidates for some time now but the long term trend is bullish.

[grocho]

In this weekend's Barrons piece on solar energy they listed WWAT so it will likely gap up Monday.  XSNX was also on the list.

These were not recomendations - only on a list of stocks in this field

[shaka88]

WWAT on Barrons... here is the world article

Shining Everywhere: The Next Generation

Investors interested in solar stocks should consider reaching beyond the U.S.,
where the primary pure plays are relatively smaller. Some of the world's
largest solar companies are based in Germany and Japan, both of which have
provided rich subsidy programs designed to speed adoption of the technology as
an alternative to fossil fuels. Here's a quick rundown on some of the world's
solar stocks.
Recent
Company Price Ticker/Country Business
Arise Technologies C$0.25 APV/Canada Small-cap renewable-energy firm
outfited Canada's first solar neighborhood.
ATS C$13.78 ATA/Canada Parent of Photowatt, largest solar operator in
France.
Carmanah C$3.15 CMH/Canada Canadian firm builds integrated solar products,
such as bus shelters, streetlights.
Conergy €84.35 Germany World's largest wholesaler of solar power.
Cypress Semi $15.40 CY/U.S. Parent of SunPower, solar-cell company now in
registration for intitial offering.
Daystar 13.76 DSTI/U.S. Maker of alternative non-silicon solar systems;
shares have sextupled in 12 months.
Energy Conv Devices 37.66 ENER/U.S. Alternative energy company includes
solar arm.
Evergreen Solar 7.59 ESLR/U.S. Solar-wafer maker uses unique string ribbon
wafer process, requiring less raw material.
Kyocera 7.20 KYO (ADR)/Japan World's second-largest solar company; though
only small percentage of overall revenues.
MEMC 19.43 WFR/U.S. One of the world's largest silicon-wafer producers.
Motech TW $380.00 Taiwan Taiwanese company makes cells and modules.
Phoenix SonnenStrom €14.94 Germany German solar systems wholesaler sales
grew 57% in 2005's first half.
Q-Cells – IPO Speculated/Gr Germany's largest solar-cell producer seen going
public soon.
Renewable Energy – IPO Speculated/Gr Ranks among leaders in raw silicon,
solar cells; IPO considered imminent.
Sekisui Chemical ¥743 Japan Manufactured home builder; 60% include solar.
Sharp ¥1644 Japan World's largest solar-power company.
S.A.G. Solarstrom €7.92 Germany Produces solar systems; came public in 2004.
Solar Integrated Tech 168 pence U.K. U.K. maker of industrial solar systems.
Solar-Fabrik €12.92 Germany German maker of solar modules, inverters,
accessories and systems.
Solartron 11.8 baht Thailand Leading Thai solar-power company.
Solarworld €113.10 Germany Largest pure-play solar-power company by market
cap, slightly over $1 billion.
Solco A $0.35 Australia Australian maker of solar water heaters and pumps.
Solon €28.68 Germany Producer of solar inverters and modules.
Spire $10.52 SPIR/U.S. Leading supplier of equipment and technology to make
photovoltaic power cells.
Sunways €13.00 Germany Producer of solar cells and inverters.
Tokuyama ¥1031 Japan Diverse chemical company is Japan's largest silicon
producer.
WorldWater $0.59 WWAT.OB/U.S. Micro-cap provider of residential,
agricultural solar systems, including solar pumps and motors.
XsunX $0.23 XSNX.OB/U.S. Development-stage company focused on technology for
producing solar power on glass.

Sources: Corporate Websites, CLSA Asia-Pacific Markets, Yahoo Finance

The Next Generation

Though the number of publicly traded solar companies remains small, venture
capital firms are funding a steadily increasing number of new players. A
sampling of some recent fundings in the sector:
Company Business Amount Investors
COLED Tech Developer of materials and processes to manufacture organic
light-emitting diodes. $1,200,000 ITU Ventures, HCF Partners
CSG Solar AG Developer of thin-film solar-module technology. $31,135,000
Apax Partners, Good Energies, Q-Cells, Renewable Energy, IBG
Nanosolar Developer of nanostructured solar cells. $20,000,000 Mohr Davidow
Ventures, Mitsui & Co., Onpoint Tech, Benchmark Capital, U.S. Venture Partners
Miasole Manufacturer of thin-film solar cells. $16,000,000 Kleiner Perkins
Caufield & Byers, Bessemer Venture Partners
Konarka Tech Developer of technology for producing photovoltaic energy
products. $7,000,000 New Enterprise Associates, Draper Fisher Jurvetson,
Vanguard Ventures, others
HelioVolt Developer of solar-energy technology. $8,000,000 New Enterprise
Associates
Energy Innovations Developer of low-cost rooftop photovoltaic solar
concentrator systems. $16,500,000 Mohr Davidow Ventures, Idealab
Advent Solar Developer of photovoltaic cells, modules and integrated products.
$8,000,000 EnerTech Capital, CMGI, @Ventures, Fort Washington Capital


Source: Cleantech Venture Network


A Place in the Sun

By ERIC J. SAVITZ

SUNSHINE IS FREE. That simple fact is what gives the solar-power business so
much allure. You don't have to extract it from the ground, it's not subject to
embargos, it's nonpolluting and if the supply ever ran out, we'd have a bigger
problem than high gasoline prices. On the surface, at least, it certainly seems
like an obvious way to address some of the economy's ongoing energy problems.

It's also well understood: America has been tinkering with solar power for
decades. In a symbolic act during the 1979 energy crisis, Jimmy Carter
installed solar panels on the roof of the White House. (He also urged us to
wear more sweaters.) But as the crisis faded, so did interest in solar. After
Ronald Reagan and his brown suits moved into 1600 Pennsylvania Ave., the White
House solar panels were removed -- and solar power resumed its previous
position as a technology considered more suitable for calculators and pool
heaters than powering the grid.

But with talk growing of a new energy crisis, thanks to record prices for crude
oil and gasoline, solar companies have been attracting renewed attention.
Michael Rogol, an analyst with CLSA Asia-Pacific Markets who tracks the global
solar market, says the stocks in the sector are up about 150% over the past 12
months. Wall Street is ramping up to slake the thirst for solar stocks with
more supply: SunPower, a subsidiary of chip-maker Cypress Semiconductor, has
filed to come public, as has Q-Cells, a large, fast-growing German solar-cell
company that Rogol calls "the Netscape of the solar sector." Another large
player, Norway's Renewable Energy Corp., or REC, has also said it plans an IPO.

Encouraged by this new enthusiasm for the sector in the public markets, venture
capitalists have been funding a steadily increasing number of solar-related
start- ups, sinking more than $100 million into new solar companies in the
first half of 2005. (See table: The Next Generation.) The recently passed
energy bill provides some modest incentives for solar power, and many states
have installed solar-friendly tax incentives of their own.

While solar represents a tiny percentage of global power generation, it is
growing rapidly. Worldwide, solar power production this year should reach 1.5
gigawatts, double the 2003 level. By 2010, according to CLSA, the total should
quadruple to six gigawatts. Industrywide revenue, the firm predicts, will grow
from $11 billion this year to $36 billion in 2010.

Now that's some nice, Google-style growth. But investing in the sector isn't
easy. Many of the biggest producers of solar cells are actually divisions of
much larger companies -- BP, Sharp, Shell, General Electric -- that you'd
hardly consider pure plays. And most of the more focused solar companies, with
a few exceptions, are still private or trade outside the U.S.

Meanwhile, just as demand seems poised to take off, the solar industry finds
itself grappling with a shortage of polysilicon, the raw material used to
create both silicon cells and semiconductors. At least for the next few years,
the industry's growth rate will be muffled not by any shortage of demand, but
rather by insufficient supply. In all, finding good investments will require
ingenuity.

The basic idea of solar power is simple. Energy from the sun strikes a silicon
panel, releasing electrons and creating electricity. Those panels are connected
together in modules, which can provide power standing alone or hooked into the
electrical grid. One of the standard, but magical, pitches made by solar
equipment providers is the image of your electricity meter running backwards:
When the sun is shining and demand for power is high, you can be selling power
back to the grid, while others buy it.
[Sun]
The Bottom Line: Though solar stocks have surged over the past year or so, some
could rise further. Some analysts think MEMC, the largest-capitalization play
on solar, could jump another 50%.



What's not so simple is the economics of solar power. For starters, while the
sun's energy is abundant, it isn't available 24/7. (You may be familiar with a
fascinating natural phenomenon known as "night," and another frequent but less
predictable factor called "clouds.") Ergo, solar power is more practical in
some places than others. Also, silicon panels are rather inefficient: Most of
the potential energy in sunshine is lost. So to create meaningful amounts of
electricity from solar panels, you need lots of them.

The good news is that as the industry has grown, the retail cost of solar
energy has dropped an average of 6%-7% a year for the past 15 years, says Rhone
Resch, director of the Solar Energy Industries Association, a trade group.
Within 10 years, Resch says, solar should reach parity with the average retail
electricity price.

"This is not your grandpa's solar," says Ron Pernick, the principal of Clean
Edge, a Portland, Ore.-based research firm. He figures the costs of production
have been dropping about 18% for every doubling of output -- and output is
doubling every two or three years. Still, the industry isn't at parity yet.
Resch says solar power, at 22-23 cents per kilowatt, costs about twice as much
as the average retail price of electricity in the U.S.

Keep in mind, too, that installing a solar system requires a large upfront
capital investment that may require some creative financing. Putting a solar
system on your roof with enough cells to run your house could set you back
$25,000-$30,000. You do get to lock in costs, though: Resch likens it to buying
a car and paying for 25 or 30 years of gasoline upfront.

One small company, Sun Edison, has set up an intriguing scheme where it places
solar systems on the flat roof of a supermarket or big-box retailer, then sells
the power back to them. The equipment itself is owned by an investor -- in each
of the four installations they've completed, it's Goldman Sachs -- which
benefits from tax incentive programs. Sun Edison's payoff comes years from now
as it gradually buys back the equity and associated income in the equipment.

Fortunately for the solar-power industry, a number of state and national
governments have decided that there is a public good in developing alternatives
to fossil-fuel based energy production, and have installed lucrative subsidy
programs designed to overcome the cost differential.

The most substantial incentives have been offered by Japan and Germany. While
neither country is among the world's sunnier climes, both have become the
global leaders in solar power. So it should be no surprise that many of the
more successful publicly held solar companies are traded in Frankfurt or Tokyo,
not New York. (See table: Sunny Prospects)

For domestic solar advocates, that situation is a source of no little
frustration. "Our resources are orders of magnitude better," sighs the trade
group's Resch. "But Germany has created the best incentives in the world."
Germany's policy, designed to reduce the country's reliance on fossil fuels,
provides a fixed payout of about 54 cents per kilowatt hour for as much power
as you can produce.

Rick Feldt, CEO of Evergreen Solar, a Marlboro, Mass., solar-cell company,
complains that the incentives in the recently passed federal energy bill
provides little help. He notes that the bill offers only two years of tax
credits, with no assurances after that -- not enough to get manufacturers to
commit investment capital in the business.

In the U.S., the industry suffered a blow recently from the demise of
California Gov. Arnold Schwarzenegger's so-called Million Solar Roofs
initiative, which would have provided substantial incentives in the nation's
largest state for both residential and commercial buildings. Though the measure
passed easily in the state Senate, it fizzled after the governor threatened a
veto over amendments to the bill in the state Assembly that would have required
solar-installation work to be handled by licensed electricians at the
prevailing union wage rate. The governor lately has talked about stepping
around the legislature via the adoption of similar incentives through the
state's Public Utility Commission.

WHILE THE STATUS OF THE CALIFORNIA MEASURE is important, the talk of the solar
industry is the ongoing shortage of polysilicon, the raw stuff used to
manufacture photovoltaic cells. For many years, the only real use for that
particular material was to make silicon wafers for the semiconductor industry;
the solar industry's needs were minimal. But not anymore.

Thanks in no small measure to the incentive programs in Germany and Japan,
solar-cell demand has expanded 40% or more for several years running, versus
20%-25% in the past. The result is that by 2006 almost half of the world's
polysilicon supply will be soaked up by the solar-cell makers. Richard
Winegarner, proprietor of consulting firm Sage Concepts, says the market is
about 10% short this year, with the solar-cell industry, and not chip makers,
absorbing most of the resultant pain.

"I can't find a data point anywhere that shows anything other than a very real
shortage of polysilicon that is going to get worse over the next two or three
years," says Paul Leming, an analyst with Princeton Tech Research. "It would
take a solar-panel market collapse to bring any slack capacity to the
polysilicon business any- time soon."

Not surprisingly, polysilicon prices have soared: Winegarner says contract
pricing has moved from about $32 a kilogram to $45 since 2003. Spot pricing,
depending on whom you ask, is running $60-$80 a kilogram, though Winegarner
notes that there is "essentially no volume" in the spot market. "The industry
has already wrung out every nook and cranny of inventory and scrap," he says.

Tables: Sunny Prospects and The Next Generation




The world's polysilicon makers are working frantically to add capacity, but
supply is unlikely to catch up for a while. Optimists think the shortage could
be cured by 2007. Neil Gayle, coordinator of the Critical Materials Council of
Sematech, a chip-industry consortium, thinks there could be shortages though
2009.

The bottom line is that there won't be enough solar cells to meet demand for at
least the next several years, potentially triggering a supply crisis for some
smaller players that lack contractual supply arrangements with polysilicon
producers.

The chip industry has expressed its own concerns about the potential for the
shortage to slow the electronics business. But this is a lot bigger problem for
solar-cell companies than for the chip industry: While silicon represents less
than 1% of the cost of semiconductor products, they account for more than 30%
of the raw-material costs for solar cells. A doubling of silicon pricing
wouldn't mean much for chip makers, but it would be a big problem for the solar
business, which must hold down costs to compete with conventional power.

The obvious play on the polysilicon shortage is MEMC Electronic Materials
(ticker: WFR), a St. Peters, Mo., company that is one of the world's largest
producers of silicon wafers. Unlike some of its rivals, MEMC produces most of
its own silicon feedstock, and in fact sells some excess supply back into the
market. The result is that MEMC benefits from soaring wafer pricing without
suffering the associated increase in raw-material pricing. MEMC shares have
doubled over the past year, to a recent $19.79, boosting the company's market
capitalization to about $4 billion. That makes MEMC the largest-cap play on
solar growth.

And there may still be some juice left in MEMC shares. Leming of Princeton Tech
Research thinks the stock could move up another 50%, and says he can "sketch a
scenario where it can double or triple from here," noting that the company
trades for only about 12 times expected 2006 earnings of $1.56 a share. Profits
at that level would be up 39% from an expected $1.12 a share this year. And
this, by the way, is for a company that does not yet do much direct business
with the solar industry. Leming thinks MEMC could eventually cut a deal with
solar-panel makers to provide dedicated wafer supplies. If so, Lemming says,
the growth could lift the stock to $50.

MEMC ranks fourth in the world in polysilicon capacity, behind Hemlock
Semiconductor, which is partially owned by Dow Corning. Third on the list is
the other potential wafer investment, Japan-based Tokuyama. Also in the top
five are Wacker Chemie, a privately held German chemical conglomerate, and
Advanced Silicon Materials, which was recently sold by Japan's Komatsu
Electronic Metals to Renewable Energy Corp., the Norwegian solar-panel maker.
The purchase of Advanced Silicon by REC, which as noted is planning an IPO,
assures the company of sufficient silicon supplies.

Then there's SunPower, the Cypress subsidiary now in registration to come
public. It is losing gobs of money -- for the first half of this year, it lost
$13.6 million on revenues of $27.3 million. But the company is attracting
considerable interest for its highly efficient solar cells: The company claims
in its SEC filings that it generates up to 50% more power per unit of area than
conventional cells. In an industry where driving costs lower is a key to
long-term success, SunPower should attract eager buyers.

The only current domestic pure-play solar option is Evergreen Solar (ESLR) of
Marlboro, Mass. -- and it has some similar attractions. Evergreen shares have
increased sixfold over the past 18 months. The company uses a novel process for
generating solar cells that it claims uses 35% less silicon than conventional
manufacturing processes. That should give Evergreen an edge in the race to
reduce costs. And CEO Rick Feldt says the company has a pilot project that
would cut the silicon used per wafer by another 50%.

WHILE CERTAINLY THE STREET IS ENAMORED of Evergreen's technology, analysts are
equally enthused about its joint venture with Germany's Q-Cells. The two
companies are building a new solar-cell manufacturing plant near Q-Cells'
headquarters in Thalheim, in eastern Germany. The plant will dramatically
increase Evergreen's capacity, adding 30 megawatts of cell production to the 15
megawatts it can produce at its own factory in Massachusetts. Feldt thinks the
German plant will be far more efficient than the company's domestic plant,
perhaps generating $100 million a year in revenue with gross margins of
30%-35%. Assuming the plant comes on stream as expected, Feldt says, the
company should turn profitable on a run-rate basis sometime in 2006.

Moreover, Feldt says that if the German venture is successful, the partners
would increase their production to as much as 120 megawatts. And if that
happens, he says, the joint venture could add additional capacity in other
locations. If that all plays out, says J. Michael Horwitz, an analyst at
Pacific Growth Equities, "it could be one of the better stocks in 2006." And if
the German project has problems? Then so will the stock.

CLSA's Michael Rogol, a big Evergreen fan, in a report earlier this year,
listed a total of 15 solar stocks to buy. Many are outside the U.S.: Kyocera,
Sharp and Sekisui Chemical of Japan; Thailand-based Solartron; Motech of
Taiwan; Carmanah and ATS in Canada; and Germany's Conergy and SolarWorld.

The global range is a reflection of the fact that, unlike oil or gas or coal,
producing energy from the sun is about creative engineering and -- at least for
the moment -- bold government policy, not geographic advantage. No one is going
to discover a new source of sunlight, but it's possible to figure out better
ways to use it. Anyone can get in the game. Even America.

[David Randolph]

Thanks for posting the Barron's article on WWAT.OB shaka88 

We always need to keep in mind that these are OTCBB stocks, where the market maker is almost free to do what he wants with the stock price over the short term, so I really have to be careful identifying important levels.

With this 3 Pennies on Fire Portfolio experience I'm finding that technical analysis is much less effective when trading penny stocks than regular stocks. There are a lot more false technical signals and the information is very imperfect, so a lot of times the price doesn't reflect the perception of market participants at a given time.

I will write a more profound article on this later.

For example, if WWAT were to be a regular stock I would say that I didn't want to see a break on close of the $0.48 level. But considering the market maker actions the stock could close below that level and that would probably mean nothing.

So I need to go with this a lot more on fundamentals than technicals. I will judge the fundamentals on WWAT on the next update, in the meantime I will hold the stock.

[gmarc66]

Someone had posted this site on another thread here..it is a site that lists stocks on the short list.
Just happened to notice that wwat was on it..since last couple of days.

For what it is worth,  I thought I would just point it out.
Does anyone ever use this site? Is it reputable?

http://www.buyins.net/tools/short_list.php?ssd=20050916

Thanks


julia

[ggrewal]

AH news out
WorldWater & Power Corporation Signs $1.4 Million in Solar Energy Contracts
http://biz.yahoo.com/prnews/050920/nytu230.html?.v=6
Cheers 

[irod]

So I need to go with this a lot more on fundamentals than technicals.

I personally LOVE the penny stock investments based on fundamentals that I've learned about on this site. HYRF, BRVO, EYII, etc. I would not mind at all seeing a lot more of these on this section of the site. It's so much fun and rewarding to invest in these companies from the bottom, while focusing more on technicals for regular stocks.

[David Randolph]

I personally LOVE the penny stock investments based on fundamentals that I've learned about on this site. HYRF, BRVO, EYII, etc. I would not mind at all seeing a lot more of these on this section of the site. It's so much fun and rewarding to invest in these companies from the bottom, while focusing more on technicals for regular stocks.

That's what I'm finding too, OTCBB stocks need much more fundamental study than Nasdaq or NYSE stocks, because many times the stock price doesn't reflect the fundamentals due to inefficiencies (look at TYRIA, HYRF, EYII, BRVO and more). But even here the market always knows better and sometimes the information provided by OTCBB listed companies is false or misleading, one needs to be very careful.

Considering WWAT.OB, I was right on my suspicion that the market maker would take this stock below $0.48 to wipe out some folks too much concerned with the intraday. The stock then rebounded nicely from that support level to close near the highs of the session.

Also we've had these news:

WorldWater & Power Corporation Signs $1.4 Million in Solar Energy Contracts

(I'm starting to wonder if I should heat my swimming pool with solar energy instead of oil like it is now done - it is a public swimming pool for swimming classes and hydroginastic - today I'm very happy, we've had a new contract to teach 2 year old kids how to swim - just 500 € a month, though  )

There is absolutely no doubt I will continue holding WWAT.OB, this is a long term holding of the 3 Pennies on Fire Portfolio.

[la-onda]

a little bit late but I´m busy this week:

WWAT: Beacon Research Sets @ Outperform; Sets Tgt @ $0.62; Analyst Notes
Monday , September 19, 2005 10:29 ET
Issuer: WorldWater & Power Corp. (OTCBB: WWAT)
Analyst Firm:  Beacon Research Partners, LLC
Current Rating: Outperform
Target Price: $0.62
Analyst Comments: The firm reports that WorldWater recently announced a $4 million funding deal with a leading hedge fund. WorldWater has recently announced an agreement with Xinhua Financial Network Limited, China's premier financial services and media company, to represent the Company in the Chinese water and energy markets. These announcements coupled with strong macro environment for alternative energy companies has helped the stock price of the Company cross the firm's price target of 62c in last few days.

&

WorldWater & Power Corp. Signs Solar Energy Contracts Totaling $1.4 Million
Wednesday, September 21, 2005 02:01 ET

Sep 21, 2005 (financialwire.net via COMTEX) --September 21, 2005 (FinancialWire) WorldWater & Power Corp. (OTCBB: WWAT) has signed contracts totaling $1.4 million to build and install solar electric power systems for two car washes in the Los Angeles area. Car washes represent a new industry for the use of solar technology for WorldWater. The photovoltaic (PV) systems are expected to substantially reduce electrical usage costs for the two facilities.

The contracts with the car wash chain are conditional upon third-party financing. Construction is to begin as soon as financing is realized and will be managed by Quantum Energy Group, the California engineering, construction and project management firm acquired by WorldWater & Power Corp. earlier this month. Quantum Energy Group will supervise the installation of the solar power systems, as well as the construction of canopies to hold the PV panels.

"The car washes on which the WorldWater & Power solar energy systems will be installed average between 5,200 and 5,300 car washes per month. Electricity costs for each of the car washes typically run between $3,000 and $4,000 per month, depending on the site and the month of the year," stated Quentin T. Kelly, CEO of WorldWater. "In addition to realizing energy cost savings, the owners will obtain federal and state tax credits (ITCs) and accelerated depreciation. The current Federal ITC of 10% increases to 30% January 1, 2006."

WorldWater & Power Corp. anticipates the rebates from Southern California Gas Company for the solar installations will be realized during the fourth quarter of 2005 and the first quarter of 2006.
WorldWater & Power Corporation (http://www.worldwater.com) is a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's water supply and energy problems.
Information about WorldWater's newly acquired subsidiary, Quantum Energy Group, is available at http://www.quantumenergygroup.com.