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Energy Recovery, Inc. Message Board

halevay 57 posts  |  Last Activity: Jul 8, 2014 1:11 PM Member since: Oct 8, 2008
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  • Reply to

    THE CHART, RSI(14)83.76 is shorted. Collapse!!

    by reven2427 Jul 8, 2014 12:43 PM
    halevay halevay Jul 8, 2014 1:11 PM Flag

    bought puts on this today...see you in the mid $4s

  • Reply to

    Look at all the sheep flee for the exits....

    by jerrymathers Jun 30, 2014 4:39 PM
    halevay halevay Jun 30, 2014 5:13 PM Flag

    jerry -

    that's exactly the problem. I don't know what is going on with this company. There is ZERO news. NO updates. They have one decent quarter sandwiched within two horrendous quarters.
    Nothing moving forward on the O&G. Desal is not high margin.
    I've had enough. This market has produced plenty of high return stocks. No need to be as risky as this.

  • halevay by halevay Jun 30, 2014 4:02 PM Flag

    Sold all remaining shares and options.
    I'll sit this out until the smoke clears.

  • halevay by halevay Jun 27, 2014 5:08 PM Flag

    The price swing couldnt have been related to the CFO news...I was thinking Russell rebalance/reconstitution, but I didn't see ERII listed anywhere

  • Reply to

    Off Topic - What's in YOUR portfolio?

    by halevay Jun 20, 2014 8:47 PM
    halevay halevay Jun 22, 2014 11:19 PM Flag

    synfuel -
    Thanks for sharing. I've had NQ on my watchlist ever since Muddy Waters came out with their hit piece (and the $0 price target). Also have been watching another stock like that...Uni-Pixel (UNXL). It's a very volatile "is it for real or not" stock that commands a high option premium... I know if I buy it, it'll fall into I'm still on the sidelines. I'm in GWPH which HAD significant income from the options. But I'm seeing 40% lower premiums on that one now.
    I am in solar - FSLR is a large holding of mine and SCTY to a much lesser degree (I write options on FSLR)
    My two speculative positions are with ERII (energy recovery for desalination plants) and GSAT (satellite data/voice communication)

    I'll spare you the not-so-good investments in my portfolio.

    Thanks for GLYE. I will look at that.

  • All -

    I'm always curious to hear what others are buying/shorting in their portfolios.

    I think there's a core group of intelligent posters here, so I'd love to your market commentary and what trades you are making short and long term.

    Thanks in advance

  • Reply to

    June Options

    by md841 Jun 20, 2014 7:45 PM
    halevay halevay Jun 20, 2014 8:42 PM Flag

    Are you hypothecating that someone just fell asleep and will wake up tomorrow or Monday to realize he/she suddenly will have to pony up for the money to buy the shares? You sure do have a vivid imagination.

    I've written a number of straddles and strangles in the June/July $22.50/$25.00 areas so this month was a great expiration...will have to monitor July as/if we continue to creep up.

    Volatility is at such lows that it's not really worth it to sell options these days. Covered calls are not worth the risk of getting called away. I may continue to write puts, and maybe use the premium to buy some calls (a la Gorakrishna), but I really do have enough ADES exposure at this point. Bullish call spread might not be a bad idea either.

  • Reply to


    by autojett Jun 20, 2014 11:04 AM
    halevay halevay Jun 20, 2014 11:08 AM Flag

    auto -
    Best post in months. Thanks for the update.

  • Reply to

    Pictures on progress

    by smdta May 30, 2014 10:37 PM
    halevay halevay Jun 18, 2014 9:03 PM Flag

    I'm not sure which is funnier...that you would think there are any real investors on this board that would actually have pictures of their plant or that you'd expect someone to post pictures to a message board.

    Oh and the third thing...

    That you think this company is making progress on ANYTHING.

  • Not reacting to the overall market. Could be some near term weakness.

  • halevay halevay Jun 16, 2014 10:10 PM Flag

    So you did some "heavy buying" at $25 yet only made $2k when you sold at $44? So all-in you had, what...100 shares? Maybe 120? Would hardly call that "heavy buying". I'm up a thousand today alone from the short I opened this morning. Good luck on your next trade.

  • halevay halevay Jun 16, 2014 10:47 AM Flag

    Nice try. I shorted earlier. No restrictions

  • Reply to

    Nice they got waiver to file 10-k and 10Qs

    by md841 Jun 11, 2014 6:23 PM
    halevay halevay Jun 14, 2014 9:06 AM Flag

    Just so I understand you... You're blaming this on KPMG? Do you think KPMG has 6 employees with a stack of folders saying, "hmmm, which one should we get to first"? They have thousands of CPAs, auditors, and consultants who are assigned out as needed. The fact that ADES is a small company is irrelevant. Their money is just as green as everyone else's.
    You're not going to hear any partial updates on the restatement. When it is finished, we will know. I'm not ruling out some significant restatements. Think about this...ADES said they expect the restatement to be done "in the Fall". That could be DECEMBER. Or with their track record, it couple be delayed beyond that. If that happens, we are looking at a year. Does it really take that long to restate earnings?
    As for sales updates from the company...I think it is at LEAST 6 weeks or more before we hear anything, so your call for a bottom on June 9th is already incorrect and we will drift further.
    Stop making excuses for this company. Everything that has occurred to this point is the responsibility of the comedy team of Durham and McKinnies.

  • halevay by halevay Jun 8, 2014 12:55 AM Flag

    Are dirt cheap. Almost no time premium in many of the in-the-money calls. Good way to play short term

  • Reply to

    Read slides - No suprises

    by md841 Jun 3, 2014 9:41 AM
    halevay halevay Jun 3, 2014 11:54 PM Flag

    Great that they say they might have plants running in the upcoming months. They indicate any of them will be sold? And as I understand, it has taken 18+ months to get the first 14 up and running. Now they expect to have the next 14 on line in the next 6 months?
    Seriously, if they had a better track record I would say "ok, it's possible". Unfortunately their track record is more about pushing things off and not meeting the deadlines they've set and communicated. What is more likely to happen is for them to reiterate the YE deadline up until around November when they'll finally acquiesce and then bury the update as a footnote in an investor presentation. But not without blaming the miss on the weather, the alignment of the planets or Durham's massively painful cold sore.
    Plenty of reasons for investors to dump. This was the update? Seriously, do you feel better about this company's ability to execute?

  • Reply to

    Read slides - No suprises

    by md841 Jun 3, 2014 9:41 AM
    halevay halevay Jun 3, 2014 9:50 AM Flag

    Yeah. No surprises when your expectations of this group are practically nil.

    What update are you looking for? The slides are the update. They haven't advanced anything so far. All excuses. (Weather, bankruptcies, change of ownership). The only one that is no longer relevant is the weather. All the others are still present each and every day.

  • Reply to

    Anyone have the event number for the presentation?

    by halevay Jun 3, 2014 8:11 AM
    halevay halevay Jun 3, 2014 8:47 AM Flag

    Can't seem to access the live webcast. But got the presentation
    Congrats guys....for being no farther along on the sales of RC facilities than you were months ago. I don't get what they are presenting today. The deck is chock full of market data and possible opportunity. But we already know that. When the heck are they going to show they are capable of realizing this opportunity?
    Mats awards are down Q over Q.

  • Did the author really write, "stock is trading at a 100%+ discount to fair value"? "100% discount"? Really?!? Good lord.

  • Reply to

    Strong Close

    by halevay May 30, 2014 4:09 PM
    halevay halevay Jun 2, 2014 12:52 PM Flag

    It's not a shareholder meeting is an analyst and investor presentation. I don't even see a phone number so I don't know if there will be Q&A at the end.
    I doubt much will be said about the restatement beyond what we already know. If there was a question period I would think some investors and analysts would grill them but I don't think that's going to happen. I think the presentation will be mostly an operations update. So the questions are "what have they done YTD" and more importantly, "what do they expect to accomplish in the remaining 7 months?"

4.65+0.06(+1.31%)Jul 11 3:59 PMEDT

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