PWAC

[eliteG]

PWAC(otcbb) - Power Air Corp.

Mkt Cap:           93.28M
Float:                 34.31M

Profile:  Power Air Corporation, with head office in Livermore, California, is
engaged in the business of developing, manufacturing and marketing
fuel cell based commercial products. Power Air has the exclusive
worldwide license to zinc-air fuel cell ("ZAFC") technology that has
been developed at the Lawrence Livermore National Laboratory
("LLNL"), in Livermore, California, for numerous fields of use
(portable, stationary, light mobility and transportation
applications) and commercialization. While zinc-air technology has a
wide range of applications, the Company will focus on collaborating
with OEM's to replace battery and genset products.

website: http://www.poweraircorp.com/


The Idea

This is a photo of the zinc based fuel cell that PWAC is working towards marketing as Emergency Backup for home and small business at first... and later on to much bigger applications.  The key is to get revenue streaming in from this application to prove that it is a very viable technology.



• Lower cost components than conventional PEM fuel cells,
including cathode catalysts, and anode current collector.
• PAC's fuel is not compressed and is readily available; thereby
reducing distribution, storage and siting issues associated with
hydrogen.
• The low cost Portable Emergency Generator ("PEG") is suitable
for indoor use. It is a zero-emission, durable, light-weight fuel
cell that operates silently and effectively.
• PEG's can be quickly refueled by an exchange of electrolyte
and/or addition of zinc vs. the much slower electric recharge
required by batteries.
• PAC's fuel solution allows for continuous operation with the
possibility of refueling under load; the fuel reaction product,
electrolyte saturated with zinc oxide or zincate, can be recycled
for production of new fuel and fresh electrolyte.
• PEG's are environmentally friendly with no hazardous emissions.


To get this product to market as soon as possible the company is partnering with OEMs.

Power Air Commences Demonstrations to Potential Partners
Tuesday April 18, 9:00 am ET
http://biz.yahoo.com/prnews/060418/nytu093.html?.v=45

[/b]
"By partnering with OEM's, Power Air will leverage existing product development, manufacturing, distribution, service and support infrastructures. This will allow Power Air to focus on cost reduction and improvement of the core ZAFC technology."

Funding does not seem to be a problem for this 7-month old company.

Power Air Raises Additional $2 Million
Monday May 15, 8:30 am ET
http://biz.yahoo.com/prnews/060515/nem026.html?.v=48

"This injection of cash strengthens our position in negotiations with OEM and Zinc Partners by giving us the means to undertake our share of development and commercialization costs," states Mr. Steve Williams, President and CEO of Power Air.

Links:
Corporate Summary [/url]
Company and Technology Overview[/url]
10QSB 5/15[/url]

Charts






Trade Plan

PWAC has a hot technology on its hands and people are starting to notice according to the volume and price action this stock has seen.  It has held up amazingly well during the market downturn and now we have a breakout on our hands.  Volume is swelling and finally price has popped out of its triangle consolidation.

Support is close below with the 9,20, and 50 ma.. we plan to place out stop just under $2 and at this time our target is $3 for this play.  This sets us up for ~ 3:1 reward to risk ratio on this position.  We will modify stop and target data as the play unfolds.

The stock may gap tomorrow.. we would really like to have our position below 2.25.. but we will see what the market gives us as we are buying this stock for the 3SOF portfolio in the morning.

We will buy PWAC in the morning on 5/24

[Melf Elf]

G.,

Looks like the challenge will be getting through the 2.48 high of the March 30 Black Candle that had heavy volume. 

PWAC is showing some nice technical strength in its MACD.  The histogram broke out of a Bullish Inverse H&S pattern in mid-May while the MACD itself was in the Head of its own Bullish Inverse H&S pattern. 

The MACD went on and put in a Right Shoulder, then broke out of that pattern to the upside yesterday, "mirroring" what the Histogram telegraphed. 

That looks "good to go" for a rally.  Good luck!

[Melf Elf]

G.,

Steady upside follow-thru today.  Volume half way through the session already matches yesterday's, which was 8½ times the 100 day average.  I like seeing these good volume days, especially since we're inside that March 30 Black Candlestick resistance area (2.05-2.48), which was a heavy volume day.

I also like the fact that we filled the opening gap right away this morning.

Thanks for your work on Knick Knack PWAC, Give The Dog A Bone...this old Elf came rolling home.

 

[eliteG]

yea Melf PWAC is looking great.. I dont think that resistance area will prove much difficulty.. i generally erase that from my mind when I am looking at the chart.. lets see if that works out 

[Melf Elf]

yea Melf PWAC is looking great.

G.,

It sure is! 

My intraday charts show 2.50 as the high, which would be a takeout of the March 30 high of 2.48, but that might be a bad print.  My screen where it shows the trades says the high is 2.45.  At any rate, it looks great. 

Volume so far  is 11 times 100 Day average volume.  Now we want to see PWAC close well, and hold a good portion of today's gains.  Preferably ALL.   

I dont think that resistance area will prove much difficulty.. i generally erase that from my mind when I am looking at the chart.. lets see if that works out 

I generally sit here and chew on myself about it.   

[Melf Elf]

Bought PWAC at 2.20.  Sold ½ at 2.43.  Gain: 10.45%.  Stop on the remaining ½ postion: 2.02, a penny below Monday's low of 2.03.  Risk: 8.2%.

Very nice day for PWAC, G.  Nice pick!  Applause.   

[echo]

Nice pick up G in this awfully hard market. Keep it up

[Melf Elf]

The MACD went on and put in a Right Shoulder, then broke out of that pattern to the upside yesterday, "mirroring" what the Histogram telegraphed. 

Alister,

If you're reading this thread...I know that you like MACD...check out that "mirrored" Bullish signal. first in the Histogram, then followed by the MACD Bullish Inverse H&S formation and breakout yesterday.  Nice bullish signal.

That looks "good to go" for a rally.  Good luck

Up 12% today.

[Terliso]

 
Alister,

If you're reading this thread...I know that you like MACD...check out that "mirrored" Bullish signal. first in the Histogram, then followed by the MACD Bullish Inverse H&S formation and breakout yesterday.  Nice bullish signal.

How did you know that I like MACD? 
....Actually you were right, MACD Lines & MACD Histogram turned out to be my favorite Trend Following system now, I've found it very useful & effective for entering & exiting trades along with moving averages

I lke PWAC, weekly chart says BUY....
Great pick G, (applaud)

[Melf Elf]

How did you know that I like MACD? 

Alister, Terlisa, Terliso,

Cuz we discussed it a cuppla times.      

Listen.  I can't keep up with all of your name changes.  Are you having an identity crisis?

   

If you are...I have some more "identity" suggestions for ya.      

E-Trials - internet Attorney
Sir Tale - Author of Stories About Chivalry
Stir Ale - Bartender
"El" Stair - Elevator Operator
Last Ire - Your Most Recent Stop Out, As A Trader
"La" Tries - Opera Singer
Saltier - Chef
E-Trails - Tried Everything On The Internet
It's Real - Your FINAL Identity

   

Applause for you nice chart.  You crack me up with your comments on some of them.

[Terliso]

Listen.  I can't keep up with all of your name changes.  Are you having an identity crisis?

Crisis? .... Yeah, cuz' some people here calling me TERESA... what the heck!!

E-Trials - internet AttorneySir Tale - Author of Stories About Chivalry
Stir Ale - Bartender
"El" Stair - Elevator Operator
Last Ire - Your Most Recent Stop Out, As A Trader
"La" Tries - Opera Singer
Saltier - Chef
E-Trails - Tried Everything On The Internet
It's Real - Your FINAL Identity

E-Trials would be good... If someone calls me TERESA again I'll call my attorney     

[mexirafa]

Thank you G for bringing this one up.

It is nice to have something to the upside in this bloody market.

I entered at 2.19.  I got in my screen the 2.50 bid, then backed down. I thought something was not right, the market was selling off so I exited at 2.43 to protect the 11% profit. I thought it could create a false breakout of that 2.48resistance.

I am glad to see that, it stayed up there and kept the profits of the day. I might re-enter tomorrow.
Good luck to all of you holding,
rafael;)
(btw, i 've been sitting on cash since 2 fridays ago)

[eliteG]

Glad you guys are enjoying this one.    Thx 


update PWAC:

Very nice move today on PWAC!  Up 12% on heavy volume and we got to buy in near the lows..  .  So today was the neon sign day for PWAC and we are expecting many traders/investors to start researching and buying in.  We'll talk exit strategies based on PWAC's performance tomorrow.

------
Position: bought PWAC @ 2.20 on 5/24/2006
Order: Hold
Exit: N/A
------

[snowcat]

Be careful with this one.  Reading the company info it looks like the dozen of other developmental companies out there being pumped by newsletters.

The story sounds great.  but have an exit plan ready.

Look at OTD, XSNX, XTHN, RGUS etc........
http://finance.yahoo.com/q/cq?d=v1&s=xthn.ob%2c+xsnx.ob+otd%2c+rgus.ob

They are all very volatile - and you do not want to be left holding the bag.

BTW, good pick.  And I will say thank you to to the quick profit!

[eliteG]

BTW, good pick.  And I will say thank you to to the quick profit!

Thx thats what we're here for 

PWAC is finding support along its channel and may be ready to bounce higher.