Year: 2014

BLD, Ballard Power Systems Inc.

Hamilton

bld mar 10 2014

This was once one of the gems of the tech. bubble in 2000. Their fuel cell technology is based on burning hydrogen, which we all know results in water. Very clean, efficient and so on if you do not first ask where the hydrogen comes from! The other problem is the weight. These cells do not fit in a standard Fiat 500. Anyway, for some reason (Tesla’s success maybe?), interest in this company has shot up recently. We have absolutely no idea where this is going, or why. But , using EW we suspect it will go to about $9.50 with a lot of little ups and downs at about this level. A similar conclusion can be arrived at if you follow the “gap in the middle” concept. The stock is already going vertically up so a stop-loss is , in any event, advisable.

To put this in historic perspective, this stock has the ability to go much higher as well as much lower. It all depends on what timeframe you chose. Below is the 20 year chart with a high somewhere in the order of $170 or so.

bld mar 10 2014 b

WLT update

Hamilton

wlt mar 10 2014

As suggested nine days ago, this one was probable missing a 5th wave. We now have most of it; all that is needed now is a very minor 5th of 5 to complete the C. See previous blog Sleeping half-moon  This is the US $ version, there is also a Canadian one. This is a buy at just under US $9. There is however a small risk that that would only complete 3 of 5. The difference is slightly larger swings and a slightly lower low.

FSLR update and CSIQ

Hamilton

The usual then and now charts;

fslr apr 2012fslr b mar 6, 2014

We were a little early, but still it is nice to triple your money. Of course we would have done better going Canadian with CSIQ. We lacked the IQ but we do have an installation on our roof using the Canadian solar panels and it provides a 12 % , bond equivalent return. Here is the chart;

csiq b 6 mar 2014csiq s mar 6 2014

Canada’s on-off approach to solar, in particular the domestic content part, may have caused undue fluctuations in the acceptance of this “green” alternative. Another good example where government intervention destabilizes the markets.

WLT, Walter Industries Inc. update

Hamilton

The usual then – July 6, 2012 – and now charts;

wlt jul 2012wlt mar 1 2014

At the time we commented that – quote In fact C is already equal to A and could be considered complete were it not that it normally stops below the start of A, normally reaches at least the 4th wave of previous degree level and often reaches the lowest boundary line at about $15. It has done none of this. – unquote. It has now done all three things that it had not done then. The actual low was at $9.88 and it is presently trading within one single dollar of that level. The triangle shown then as a B with is incorrect as this whole thing is a C-wave and therefore must subdivide in 5 separate waves so the triangle must be a 4th wave in that sequence. For the moment it is not clear that the low established in July of last year is THE low. A very minor wave 5 of 5 of C may still be required but this should not take the stock much lower. It has achieved all that it should and has fallen about 93%. Shorts presently are about 38% of the total float which is unheard of. If we were to get the slightest bit of good news this thing will rocket up. A “speculative” buy in our opinion for this coal company. (see previous blog,perhaps with BTU). The stock also trades in Toronto under the same ticker.