Year: 2014

WPT, Westport Innovations update

Hamilton

The usual the – Sept. 26 , 2013 – and now charts;

wpt sept 26 2013wpt march 1 2014

At a time when natural gas was going at fire sale prices and when companies like Cat and Cummings were doing quite well, it was not at all clear why this stock should not participate to the upside as well. This is exactly where EW can be a great contributor to your investment success. It simple does not ask these questions and moves directly to what the market is telling you, albeit in rather cryptic terms. Our target was roughly $15 and we did remark that  it is sometimes impossible to foretell how short d and e waves can be. In this case the e is rather puny (in fact we would keep an open mind to discarding the triangle all together and opting for a slightly more compressed count, see below and previous posts).

wpt mar 1 2014 b

The point now is that we are approaching the point in time where the apex is directly above us ( late March?) and we will have some form of equality between the two down legs at around $15 or a little above that. Presently less than 1% of trucks and other heavy vehicles run on (compressed) natural gas. Savings for a standard heavy truck can run into the tens of thousands of dollars. In Europe you can buy these dual-fuel beasts right off the shelve, the biggest manufactures being DAF in Eindhoven , Holland. What are we waiting for??

TA, Transalta

Hamilton

TA feb 28, 2014

The most recent low was at $12.28. We may or may not match that. In any event with a yield of close to 6% and a near perfect 6 year correction of about 2/3+, this stock looks like it might be a buy. It is alleged to have manipulated electricity prices and is under investigation for that. We doubt that much will come of it so this could be that low where it is a buy. Back in the 1980 this stock was trading just under $10 so you are looking at a long time low. See also previous blogs.

TSLA, update

Hamilton

tsla 26 feb 2014

Clearly we got this one wrong. The wedge did not stop and just continued in a rather explosive way. Maybe we are in a 3d wave of sorts and still have a way to go. In the mean time there is an analyst who just doubled his target price to, I believe, $340. The fundamental thinking goes like this. This company makes cars, that industry is X billion worldwide so if they can command a certain miniscule fraction they will do very well. It is also, by way of the batteries – once enough of these cars have been built their batteries would hold a charge equal to the entire consumption of Mexico – a utility. That industry is a 10X billion industry and if the company can command just a small fraction, it will do very, very, well. Then they will also be in the forefront of electrical generation, by way of solar etc, which is a big and growing industry. If they can capture just a small fraction the company will do exceptionally well. You get the picture.

For the moment we still do not know who and how many are willing to fork over close to $100,000 for a car, even if it was recently nominated “best of breed”.