With IWM down so much and SPY anx DIA flatish, still seems like rotation to me. Heading home tomorrow and will do some more work, but a rotation to more large cap and value stocks at this point in the bull would be normal and just signal more to come and not a bear market. Especially with the IWM over valuation TOF talked about.
went to Chipoltle's for the first time and got a pretty darn good burrito for $6.25. Not sure it justifies the stock price, but I can see why the stock gets a cult-like following.
Yep, I'm seriously considering joining him in TZA if it gets run up early next week. The thing is, it could go much higher if everything falls into place like I think might happen.
That was stellar man. Good stuff. I think I might have gotten lucky with YNDX as Putin is open to a truce apparently but we will see what Monday brings. RSX was up big after hours.
I think if we can get a big move in the dollar then that has to play right into the emerging market theme. Especially if the US markets just go sideways or up.
ALTI sounds like a pump and dump operation to me: ""We have taken drastic action to further reduce our costs including consolidating our Accounting and Finance Department into the Anderson location," stated Richard W. Lee, Altair's Chief Executive Officer. "In addition, some of our key research and development staff is devoting a substantial amount of time in our facilities in China in order to speed up the production capabilities in our new facilities. As production ramps up in China, we will realize the cost efficiencies in production that was the primary motivator for moving operations to China. Currently, our team in China has grown to 181 employees with most of the additions to our operations team," said Mr. Lee.
Highlights for the quarter ended September 30, 2013 and subsequent events include:
In July 2013, Northern Altair received $2.0 million in cash incentives from the City of Wu'an, China under our economic development agreement.
In September 2013, Northern Altair received $1.6 million in cash incentives from the City of Wu'an, China. The total cash incentives received to date from Wu'an under our economic development agreement is $17.3 million.
Altair continues to have discussions with large transportation and industrial customers in the U.S., Europe and Asia, who are interested in using our battery systems in a variety of applications where the high-power attributes of our battery are a key consideration. Several customers are now testing our application kits, modules and Power Rack systems for various commercial applications.
Revenue is expected to increase significantly over the couple years with new orders from existing customers as well as opportunities with new customers.
Altair's cash and cash equivalents decreased by $9.1 million, from $12.4 million at December 31, 2012 to $3.3 million at September 30, 2013. The net decrease of $9.1 million resulted from the net decrease in operating activities of $7.6 million, the net decrease in investing activities of $11.7 million and the net increase in financing activities of $10.7 million. The investing activities included the acquisition of the second land use right from the Government of Wu'an, China, which was paid for by using restricted cash, and the purchase of fixed assets by Northern Altair. The financing activity included the increase of deferred income due to receiving cash incentives from the purchase of the first land use right of $1.9 million in and $3.6 million from the purchase of the second land use right.
"After considerable preparation work, we believe that we have found a solution to succeed in this most competitive lithium battery business. Additionally, we continually invest in research to advance our technology focusing on our core attributes: faster charging, longer life cycle, wider temperature range and higher energy density," Mr. Lee continued.
"As our production facilities in China come on-line, we are making the best use of the 'CHINA ELEMENT' concept. It is not just lower labor cost. We have government subsidies for electric vehicles, local government grants, cost advantageous sourcing of material and equipment supplies, low land use costs, educated, talented staff, substantially larger electric vehicle and energy storage markets, lower energy costs and most important of all, the drive and determination to succeed," concluded Mr. Lee." Look at these financials...horrible: http://financials.morningstar.com/income-statement/is.html?t=ATRM
SCON doesn't sound much better...with awful financials and hopes that a new wire they're producing will generate significant changes for them: http://financials.morningstar.com/income-statement/is.html?t=SCON
Charts look ok but I really wouldn't have any confidence investing in either.
SCON is superconductors that require cryogenic cooling, right? So how does one go about keeping a 50 mile length of power transmission line cryogenically cooled? Notice how vague they are about what they're actually able to accomplish, there's no detail except they need long lengths of wire, this wire can't be rolled into a coil as it's made? I guess MAYBE you could cryogenically cool the wire if it was wound into a coil that didn't stretch from Austin to WACO.....
I've been digging up a few names in the overseas markets, small caps, that I find quite interesting. Also doing some more research on ENPH. I still have this feeling that that one is going to be a big winner.
Some things from Jason Goepfert (Sentiment Trader):
" Cash sitting in "mom and pop" money market funds has dipped to a 30-year low relative to stock prices; coffee sentiment backs off recent extreme"
" Nasdaq vs NYSE exchange volume shows prolonged speculative activity"
" Covenant-lite loan issuance has exploded during the past month, exceeding anything we've seen in 15 years"...(FYI: Definition of 'Covenant-Lite Loans' - A type of loan whereby financing is given with limited restrictions on the debt-service capabilities of the borrower. The issuance of covenant-lite loans means that debt is being issued, both personally and commercially, to borrowers with less restrictions on collateral, payment terms, and level of income.)
" Biotechnology sentiment is pessimistic, and returns should give a heads-up about a bubble; 5-Year Treasury Note sentiment is extreme"
"I'm extremely confused about the "no divergence in new highs". see image: https://pbs.twimg.com/media/BinVhJZCcAAFLKZ.png
"I would be shocked if we saw anything remotely like '29, '00 or '07 for a generation. Something like the others? Risk is much higher."
"It's so odd that "everyone" seems to think there were only four tops in the history of stocks - '29, '87, '00 and '07. If *this* doesn't look like *them*, then there is little risk. But what about '37? '46? '56? '61? '66? '68? '73? '80? '83? '98? I would be shocked if we saw anything remotely like '29, '00 or '07 for a generation. Something like the others? Risk is much higher."
"If I were a real estate broker in Palo Alto today, I would clear my inventory and retire to the beach for a while."
With IWM down so much and SPY anx DIA flatish, still seems like rotation to me. Heading home tomorrow and will do some more work, but a rotation to more large cap and value stocks at this point in the bull would be normal and just signal more to come and not a bear market. Especially with the IWM over valuation TOF talked about.
ReplyDeleteI mean for the week.
Deletewent to Chipoltle's for the first time and got a pretty darn good burrito for $6.25. Not sure it justifies the stock price, but I can see why the stock gets a cult-like following.
Yep, I'm seriously considering joining him in TZA if it gets run up early next week. The thing is, it could go much higher if everything falls into place like I think might happen.
DeleteI cleaned up. +2.4% in two days. +7.5% in two weeks. Playing the BRIC Bullet.
ReplyDeleteCongrats 2nd!
DeleteAnother sign of rotation into undervalued BRIC stocks, in my opinion.
That was stellar man. Good stuff. I think I might have gotten lucky with YNDX as Putin is open to a truce apparently but we will see what Monday brings. RSX was up big after hours.
DeleteI think if we can get a big move in the dollar then that has to play right into the emerging market theme. Especially if the US markets just go sideways or up.
Gimme some of that karma cleanser!
ReplyDeleteALTI sounds like a pump and dump operation to me:
ReplyDelete""We have taken drastic action to further reduce our costs including consolidating our Accounting and Finance Department into the Anderson location," stated Richard W. Lee, Altair's Chief Executive Officer. "In addition, some of our key research and development staff is devoting a substantial amount of time in our facilities in China in order to speed up the production capabilities in our new facilities. As production ramps up in China, we will realize the cost efficiencies in production that was the primary motivator for moving operations to China. Currently, our team in China has grown to 181 employees with most of the additions to our operations team," said Mr. Lee.
Highlights for the quarter ended September 30, 2013 and subsequent events include:
In July 2013, Northern Altair received $2.0 million in cash incentives from the City of Wu'an, China under our economic development agreement.
In September 2013, Northern Altair received $1.6 million in cash incentives from the City of Wu'an, China. The total cash incentives received to date from Wu'an under our economic development agreement is $17.3 million.
Altair continues to have discussions with large transportation and industrial customers in the U.S., Europe and Asia, who are interested in using our battery systems in a variety of applications where the high-power attributes of our battery are a key consideration. Several customers are now testing our application kits, modules and Power Rack systems for various commercial applications.
Revenue is expected to increase significantly over the couple years with new orders from existing customers as well as opportunities with new customers.
Altair's cash and cash equivalents decreased by $9.1 million, from $12.4 million at December 31, 2012 to $3.3 million at September 30, 2013. The net decrease of $9.1 million resulted from the net decrease in operating activities of $7.6 million, the net decrease in investing activities of $11.7 million and the net increase in financing activities of $10.7 million. The investing activities included the acquisition of the second land use right from the Government of Wu'an, China, which was paid for by using restricted cash, and the purchase of fixed assets by Northern Altair. The financing activity included the increase of deferred income due to receiving cash incentives from the purchase of the first land use right of $1.9 million in and $3.6 million from the purchase of the second land use right.
"After considerable preparation work, we believe that we have found a solution to succeed in this most competitive lithium battery business. Additionally, we continually invest in research to advance our technology focusing on our core attributes: faster charging, longer life cycle, wider temperature range and higher energy density," Mr. Lee continued.
"As our production facilities in China come on-line, we are making the best use of the 'CHINA ELEMENT' concept. It is not just lower labor cost. We have government subsidies for electric vehicles, local government grants, cost advantageous sourcing of material and equipment supplies, low land use costs, educated, talented staff, substantially larger electric vehicle and energy storage markets, lower energy costs and most important of all, the drive and determination to succeed," concluded Mr. Lee."
Look at these financials...horrible:
http://financials.morningstar.com/income-statement/is.html?t=ATRM
SCON doesn't sound much better...with awful financials and hopes that a new wire they're producing will generate significant changes for them:
http://financials.morningstar.com/income-statement/is.html?t=SCON
Charts look ok but I really wouldn't have any confidence investing in either.
SCON is superconductors that require cryogenic cooling, right? So how does one go about keeping a 50 mile length of power transmission line cryogenically cooled? Notice how vague they are about what they're actually able to accomplish, there's no detail except they need long lengths of wire, this wire can't be rolled into a coil as it's made? I guess MAYBE you could cryogenically cool the wire if it was wound into a coil that didn't stretch from Austin to WACO.....
DeleteI've been digging up a few names in the overseas markets, small caps, that I find quite interesting. Also doing some more research on ENPH. I still have this feeling that that one is going to be a big winner.
ReplyDeleteLGF- On a weekly this sucker could go back to $15. Anyone know the fundies?
ReplyDeleteOne hit wonder film company right?
DeleteYeah, but they also do a lot of those comic book remakes I think. Raining like hell here and I'm going freaking crazy already.
DeleteCanadian company actually (at least I think it still is). Well known up here. Have a lot going on with Hunger Games being the big one, but look at:
Deletehttp://www.lionsgate.com/corporate/company/
http://www.sfgate.com/politics/article/Calif-state-Sen-Yee-affidavit-reads-like-an-5356012.php
ReplyDeleteHard even for corrupt politicians to make a buck these days.
Some things from Jason Goepfert (Sentiment Trader):
ReplyDelete" Cash sitting in "mom and pop" money market funds has dipped to a 30-year low relative to stock prices; coffee sentiment backs off recent extreme"
" Nasdaq vs NYSE exchange volume shows prolonged speculative activity"
" Covenant-lite loan issuance has exploded during the past month, exceeding anything we've seen in 15 years"...(FYI: Definition of 'Covenant-Lite Loans' - A type of loan whereby financing is given with limited restrictions on the debt-service capabilities of the borrower. The issuance of covenant-lite loans means that debt is being issued, both personally and commercially, to borrowers with less restrictions on collateral, payment terms, and level of income.)
" Biotechnology sentiment is pessimistic, and returns should give a heads-up about a bubble; 5-Year Treasury Note sentiment is extreme"
"I'm extremely confused about the "no divergence in new highs". see image: https://pbs.twimg.com/media/BinVhJZCcAAFLKZ.png
"I would be shocked if we saw anything remotely like '29, '00 or '07 for a generation. Something like the others? Risk is much higher."
http://image.minyanville.com/assets/FCK_Jan2013/images/Jenn_March2014/Goepfort_ipos.png
"It's so odd that "everyone" seems to think there were only four tops in the history of stocks - '29, '87, '00 and '07. If *this* doesn't look like *them*, then there is little risk. But what about '37? '46? '56? '61? '66? '68? '73? '80? '83? '98? I would be shocked if we saw anything remotely like '29, '00 or '07 for a generation. Something like the others? Risk is much higher."
"If I were a real estate broker in Palo Alto today, I would clear my inventory and retire to the beach for a while."
More:
Deletehttp://www.minyanville.com/business-news/markets/articles/Composite-indicator-of-systemic-stress-stress/1/23/2014/id/53470
'73? '80? '83? '98?
DeleteI remember 'em all! It actually 'feels right' that we should have a '98 before the final climactic top in 2015/2016.
I don't remember yesterday all that well.
DeleteHow many drinks did you have?
Delete