Your action almost looks like capitulation...sold almost exactly at the low point. Now it has climbed for a couple days. Can we use you as a barometer of when the bottom is in?
Many years ago I started keeping an eye on electric bicycles and motor cycles watching the progression from lead acid to NiCad and now to lithium. While still very expensive, the Zero Motorcycle Company produces a line of high end e-cycles that have very impressive specs. I have seen only a couple on the road, but expect to see many more as the price goes down. I do know that a few universities and police security firms are trying them out...
(BTW, jj, I did finish the John Muir Trail on this trip - summitted Mount Whitney on 7/21. 46 year old bucket list item checked off)
Good for you! I'm not sure I could make a 14,000 foot peak anymore. But there probably is a lot of stuff under 14K that is still interesting...
Yes, meeting someone in person can be a completely different experience than only conversing on-line.
We should all know that 2014 was not a good year financially for Ballard. After a mildly advancing year for the company in 2013, some have offered that 2014 was a year of 'transition' and 2015 would be very big.
Now we see, however, the first half of 2015 has been quite poor in almost all areas (showing substantially poorer results than the first 6 months of 2014. Some of us are quite unsure of whether there is a systemic problem concerning the company's operations or about the technology...or something...
I will be among the first to argue that the technology is still in an 'experimental' phase and that decisions made to market various product lines, capitalize on proprietary knowledge or choose appropriate business partners have been well below anybody's acceptable expectations. So what does anyone see that will really turn this around the last half of 2015? Or are we going resign ourselves into accepting that 2015 will be another year of 'transition'?
Ballard has frustrated many an investor in the last 15 years and the stock performance reflects that. Hopes and dreams and promises are not going to fuel much of anything in this company anymore. Solid, absolutely believable, results are needed. What are the catalysts we will see this year?
Cherry pick 1 day and you have 100% positive correlation. Nonsense, but 100% positive correlation. (Sounds like your global warming arguments.)
I could cherry pick July 21st and would have 100% negative correlation. So who would be right? The exact answer is unanswerable. The sampling is too small. You learned that in statistics 101, right?
Now go back and look at a larger picture. Pick a year or two or three. Zero correlation and non-refutable.
Red, Please overlay the S&P 500, the Hang Seng and BLDP charts. You will find there is zero correlation between Ballard and either other market. Zero. Up, down or flat. Zero.
It's a nice excuse for you apparently, but it is meaningless for anyone else.
It is an obvious market and I think has been tried about 5 years ago by GE (?). Since I haven't heard anything about it since, I am assuming it did not go as well as planned. I think the hydrogen stream has to be thoroughly scrubbed of unwanted membrane poisons like residual chlorine and hydrogen chloride or the unit will quickly become ineffective. It is not too difficult to do so, but the effort to get to 4-5 nine's hydrogen probably negates any cost savings from producing electricity from the fuel cell.
It may be that the initial 1.7 million is to come up with an in-line scrubber and purifier for the waste stream...
With any luck your fund might be turning around assuming the fund is smart and well-managed, as real estate is seeing a comeback and may for a couple years to come.
Zack's ratings are heavily based on technicals. 6 weeks is not a very long time to see performance especially if the fundamentals have changed in the meantime. We certainly have seen a huge amount of negative news about oil inventories and Iran sanctions and large waves of selling as a result. So the technical still look good, maybe better now, but the sentiment is over-weighted to the sell side.
I think that Zack's is more right than wrong, especially on their #1 rankings. A lot will depend on what we hear from the company and what the future inventories are, the strength of the dollar, the Chinese economy, the Saudi pumping plans, etc.
LNCO has been in a very disappointing economic market for about a year and a lot depends on how efficient they can pump, how well they can hedge and how smart they can manage their debt. It's hard for me to believe that a bottom in stock performance isn't near.
A good use for the fuel cell. Using otherwise wasted byproduct hydrogen for power generation at a chlorine plant. Although the one megawatt is a small fraction of the power that this chemical plant likely uses, it still is a great recovery solution of that otherwise 'lost' power.
It is not 'crazy' at all.
Musk is a genius. A marketing and technological genius. A true visionary. He has one idea after another and jumps in with both feat to make them happen. Tesla is selling ever increasing numbers of EV's every quarter...almost 12000 last quarter...and there is a record order backlog. He has started a new trend in home energy storage. He is building a massive battery factory to dramatically reduce the price of battery manufacturing. He is planning on a full solar and wind power array to make the factory almost 100% green energy fueled.
He had a major role in founding Zip2, PayPal, Tesla, SpaceX and now the futuristic Hyperloop. People love him. Investors love him. They love his products. They can't wait to see what new thing he comes up with.
And Ballard? The name, the concept, the drive, the investor sentiment doesn't seem to hold a candle to Musk. Tesla might be burning through money, but all signs seem to indicate that Musk and his products have real promise and will generate real profits down the line. Tangible value. Hold the key to future technologies. And they are willing to pay for it.
This is not the case with Ballard right now. Ballard and Ballard management make for wary investors. Tesla has created a nationwide system of charging stations. Ballard has no such program. Tesla stock price is nearly at a record high while Ballard stock price is near a record low. Elon is a true visionary and creative giant while Randy is, well... not seemingly so at all. Elon is constantly in the news publically professing a dramatic vision. Randy is seldom heard from. Tesla is paving the way big time. Ballard is stumbling three steps forward and two steps back.
And you think the TSLA/BLDP condition is 'crazy...? I say that Ballard will have one heck of a time catching Tesla at this point.
I think the recent trading at the $1.60 level is being watched closely. As it looks to me, the stock may have a hard time rising, and staying above, the $1.60 level. A holder of a large share position might have been convinced of that as well and opted to get out and find a better risk investment for now.
No Randy. Battery powered vehicles are Ballard's primary competitor in the new propulsion space whether you acknowledge that or not. You have to know your competition...
The fact that the share offering price was ~20% below last market close shows that Ballard as a company and a product is still weak and with lots of uncertainties present among owners and buyers. Despite the plethora of optimist comments, the company growth is still modest in terms of sales and profits and apparently will remain so for the next several quarters.
Ballard continues to burn through significant cash and occasionally needs to replace it with SO's as they are apparently non-sustainable with existing sales and service income, yet. Buying some future cash flow was interesting, but it sure cost the investors...
One of their biggest competing technologies/competitors, TSLA, still supports a very optimistic stock price with investors that is holding up despite pressure from media sceptics...
"What would we do without blue to interpret all our news for us? It all looks positive except for a little bit of dilution."
It looks like the market doesn't agree with you, red. What is wrong with all those market people anyway? How could so many of them be on the other side of the coin?
What are we going to do without red interpreting everyone else's interpretations?
Let's see how many batteries you use now...
Maybe shavers, smart phones, dumb phones, power tools, yard tools, flashlights, watches, computers, GPS, camera, stud finders, laser levels, solar lights, automobiles, car keys... Yeah, I'm sure you don't use any of those bad batteries...
Is the Earth in partial demise? Do you have proof? Or is that just speculation?
I understand how you feel. I would be worried, too. If this chemistry was used in the Tesla would it triple the Tesla range to 840+ miles?