I believe Briggs is a big penny stock investor- this is one. He's been right before- lets see if it goes up.
Briggs, I hope you are right...should I buy at $1.30 or should I just buy period?
Man, its dropped to $1.27 right now. I'm going to go in @ 1.20, is this possible?
Posted by Silverfuel:
Man, its dropped to $1.27 right now. I\'m going to go in @ 1.20, is this possible?
I have 38,500 shares between 120-130 I dont look at two cent drops:)
Posted by VDesai:
I believe Briggs is a big penny stock investor- this is one. He\'s been right before- lets see if it goes up.
God I dont like the term penny stock investor. I\'d like to think that fuel cell stocks which have been beaten down unmericfully[although rightfully so] should get a huge boost soon with the rising cost of oil. And Hydrogenics--if you look at it\'s main competitors ballard Fcel etc... has a better looking % upside with it\'s stock in terms of marketvalue and the dollar factor. Im looking at 3-5 $ next year.
Fort Collins to install hydrogen, hythane fuel pump
City moves forward in attempts to reduce air pollution problems
BY HALLIE WOODS
HallieWoods@coloradoan.com
Fort Collins is merging onto a national highway that one day will be entirely dominated by hydrogen-powered cars, U.S. energy officials say.
Within the next few months, Fort Collins will host the only hydrogen and hythane fuel pump in the state at the south Transfort fueling station. The pump will provide hydrogen and hythane, a mixture of hydrogen and compressed natural gas, or CNG, to compatible city vehicles. The city has one bus that can run on CNG, and three or four more are on the way next year.
Because any CNG vehicle can run on hythane, most city vehicles will overlook the hydrogen pump at first.
\"We hope as more pure hydrogen vehicles become available, (we can) fuel those (at the south station),\" said Gary Schroeder, energy services engineer at Fort Collins Utilities.
One of the most abundant and simplest elements, hydrogen is a clean-burning, renewable fuel. Its byproduct is water and it does not release any emissions.
Hythane, with 15 percent hydrogen, reduces emissions 40 to 50 percent, Schroeder said.
But energy officials are saying hydrogen is the answer for clean, efficient fuel.
\"It\'s very easy to show that we can power the entire transportation of the United States on hydrogen,\" said John Turner, principal scientist for the Hydrogen Technologies and Systems Center at the National Renewable Energy Laboratory in Golden.
A hydrogen economy also would keep the energy supply here in the United States, reducing the nation\'s independence on foreign oil.
\"One of the obvious benefits of hydrogen is that we can make it locally,\" Turner said. \"It\'s expensive, but all you need for hydrogen is sunshine, wind and water, and that we have an abundance of, except for maybe water.\"
Most commonly produced from reforming natural gas, the U.S. Department of Energy hopes the hydrogen economy will switch to harvesting hydrogen from other sources, such as splitting water.
\"(Hydrogen from natural gas) is good for early in the market, but we don\'t want to deal with a volatile fuel,\" said JoAnn Milliken, manager of the Department of Energy\'s hydrogen program. \"Natural gas in the reforming process emits (carbon dioxide).\"
The Fort Collins hydrogen pump will produce hydrogen by splitting water molecules with an electrolyzer.
Hydrogen, whatever its origin, is highly efficient in addition to being clean.
It is the optimum fuel for fuel cells, one of the most energy-efficient forms of power production, Milliken said.
\"Fuel cells can distribute power to remote places that may not be near the grid,\" Milliken said. \"There is an ability for fuel cells to meet the needs for so many applications.\"
Although the benefits of hydrogen seem promising, there are many obstacles keeping the energy source in its infancy.
One obstacle is cost. Fuel cells cost $110 per kilowatt, down from $275 per kilowatt in 2002, but the typical car needs 80 kilowatts to operate, Milliken said.
\"We want to get it down to $30 per kilowatt, and our target date for that rate is 2015,\" she said.
Another obstacle is infrastructure.
\"Hydrogen would require a large investment in an infrastructure. Then there has to be new vehicles,\" Turner said.
Is this still a good play?
I swear to god I was thinking of the same thing all last night. BRIGGS, are you still recommending this as a buy? Would you buy at this price? kam, check your email.
If you would've invested when BRIGGS told you to you would've lost over 20% of your money. BRIGGS said he had 38,500 shares, so he probably has lost at least $10,000 on this.
But then again he is targeting $3-$5 next year- but not everyone is so patient when they see red.
Posted by VDesai:
But then again he is targeting $3-$5 next year- but not everyone is so patient when they see red.
Most people I talked to (not experts) say this stock will be trading at $5 in 2008. Thats a nice profit but thats 2nd or 3rd quarter next year. So I wont be seeing green for a while.
Are you a broker or an analyst of some sort? I really need some tips on how and where to research. I tried reading books but they are too long and boring.
No just an undergrad finance degree. Work in securitization, not equity research or trading or anything like that. But the important thing to remember with $1 stocks is that they are dirt cheap, and things that are dirt cheap are dirt cheap for a reason- its b/c that's what their worth. Now this stock could be unfairly beaten down or they could've chanced into something highly promising, but in all likelihood it would not be pushed down to $1 without major reasons.
Now remember, when your thinking about a move from $1 to $5 in the span of less than a year- you're talking about a 500% return in less than a year. That's as rare are is it gets Just because its $1 doesn't mean it can easily gain $4 here and there even though it doesn't seem like a lot.
But a guy like BRIGGS knows what he's doing (i've seen him post a couple good ones before), so he could be right and then you'd be in line for a small fortune. So far this one is moving backwards. I'd love to hear his take.
As far as investing advice, it really comes with experience and knowing what to look for- reading things like the Little Book of Value Investing I think are useful tools though.
All I need to know about stock investing is 'if you can lose your shirt, then fogedaboudit'.
Posted by 4949:
All I need to know about stock investing is 'if you can lose your shirt, then fogedaboudit'.
I hear you man. I have taken some serious hits in the market. Legalized gambling is still gambling.
Posted by Silverfuel:
Posted by 4949:
All I need to know about stock investing is 'if you can lose your shirt, then fogedaboudit'.
I hear you man. I have taken some serious hits in the market. Legalized gambling is still gambling.
Mutual funds are more safe, and generally give better long term results. I don't bother with the stock market otherwise, because the risk to reward ratio isn't high enough.
The longer the better, because there's less risk. The idea is to make two kinds of money. One kind is for the future and the other kind is the one that lets you 'live better now'. It's a part of your overall portfolio. Not to mention, six months of back up money at all times.
Take the advice of a billionair. Warren Buffet. One of the best speakers of investing I ever heard. I can litterly sit and listen to this guy for hours and hours. No nonsense, no bullshit, straight to the point. You better damn well know what your investing in (if your lucky enough to know), and know the people, if possible, if you are going to invest. lol
Posted by Silverfuel:
Posted by 4949:
All I need to know about stock investing is 'if you can lose your shirt, then fogedaboudit'.
I hear you man. I have taken some serious hits in the market. Legalized gambling is still gambling.
I wouldn't call it gambling- it isn't a game of chance in the sense that you have loads of information in front of you. Its a market- like any market the prices are dictated by what people feel about the company. If you can find value you can find opportunity. There's no amount of research you can do on where a roulette wheel will spin or how you roll the dice, but there is a lot you can learn about companies to see whether there is an opportunity to make money.
Posted by VDesai:
Posted by Silverfuel:
Posted by 4949:
All I need to know about stock investing is 'if you can lose your shirt, then fogedaboudit'.
I hear you man. I have taken some serious hits in the market. Legalized gambling is still gambling.
I wouldn't call it gambling- it isn't a game of chance in the sense that you have loads of information in front of you. Its a market- like any market the prices are dictated by what people feel about the company. If you can find value you can find opportunity. There's no amount of research you can do on where a roulette wheel will spin or how you roll the dice, but there is a lot you can learn about companies to see whether there is an opportunity to make money.
WRONG!!!
Never FEEL a company! 'Know' the company and know' the people running the company. It would be foolish to put your money into something you didn't understand. It's what you don't know about an investment, that makes it 'gambling'. What you are investing in, you have to ask 'is the future of that investment bright'? Will it grow. Can they prove it to you, and can someone you know, who you can trust, varify it? Do you know for a fact? Can you look yourself in the face (mare) and say it's solid? If you don't know, then your gambling.
Would you buy a car if you simply 'felt' it was a good buy? Of course not. You'd want to take it for spiin. You'd want to know the millage and how it runs and the warranty on it and what it's going to cost to keep it running, because it's an investment. You'd want to know everything there is to possibly know about that car, before you buy it, right? You'd want to know someting about the person, to meet the person selling it to you. You'd want to know if he/she is honest or dishonest, if at all possible, right? You can't feel these things. You understand them first and then make a decision and if you didn't understant, you'd find someone who was an expert on it and have them' look at it. Wouldn't you?
Understand the company - what does it do? Does it have solid potential?
Know the people - are they good people? Are they honest people?
What is it's future - will it grow in profit? For how long can say it will grow?
If you can't answer these questions, then your gambling.
Other good advice: 'invest in things you know, things you enjoy'. That will make you more of an expert on what you are investing in.
[Edited by - 4949 on 12-30-2007 3:59 PM]
