01-18-2007, 12:41 PM
Ive been in and out of this stock for a while and have been watching it closely for another jump in for a bounce in its downtrend.
This company actually has a great product that is getting a lot of rep and they are managing to get into very large contract sales to major company's. I've been waiting for this stock to start appreciating for a few months and it has been pretty reliable in hitting its reversals on que.
I dont have the TA tools and extensive knowledge to properly predict the pivots, but history has shown that this stock has been relatively predictable (with hindsight knowledge).
Anyone with some TA skills wanna share some opinions and knowledge?
01-18-2007, 12:57 PM
forgot to mention.... i found support at about 1.75
01-19-2007, 10:47 AM
bouncing off support of 1.75 like clockwork. its wierd how predictable this stock is with minimal TA
01-19-2007, 12:23 PM
Looking interesting to me is anybody in it?
01-19-2007, 12:39 PM
i may play it on the next signal
01-21-2007, 02:43 PM
no reversal to uptrend, but good bounce off 1.75 -> 1.9X.
01-23-2007, 01:15 PM
This one is getting wasted. its on a fast slide within the past hour. support is drawn at 1.47-1.50. if i had some mad money i would toss it at this one if it kept above the support level
01-24-2007, 10:45 AM
this is a funny little one. bounced a little lower from my support and is up 15%
01-26-2007, 09:46 PM
Been watching it for weeks and finally signed on at 1.70. Yes, it's a great product with real customers, good rebate program in place, and tax incentives for users... looked like the Bus ran over it, then it turned on right after the Bush SOTU (energy play) and then leveled out. Plenty of good news so hoping ..... I look at similar energy plays (greens) like EVCC that have no customers and ran up over $5.00 this week ( I cashed at 3.80) it's got me baffled but will hang out with it.
01-29-2007, 02:44 PM
good call on the 1.70. This one should be up past $2 and it is finally correcting. This stock has been dragged down for too long on solid news and product. its time for a rebound -> slam dunk
02-02-2007, 03:53 PM
Downhill since Monday ... I satellite Googled their adress just to make sure there were cars in the parking lot. :mrgreen: And even started to convince myself all their news was bs - oh yes, it's winter up here... time to think too much. I did find out the news release about Walgreens was iffy ... hmmm - little over zealous is all :twisted: I'm still in ..
Walgreen disputes lighting company claim on installations
PrintE-mailDisable live quotesRSSDigg itDel.icio.usBy Judith Burns
Last Update: 5:36 PM ET Jan 19, 2007
WASHINGTON (MarketWatch) -- Axis Technologies Inc. (AXTG), which calls itself "The Future of Fluorescent Lighting," may be in hot water over a 2006 press release claiming its products were being installed in Walgreen Co. (WAG) locations.
In a Nov. 16 press release, Axis Technologies, of Lincoln, Neb., said a private energy-consulting firm notified it of the Walgreen installation. Axis called that "an incredible opportunity" to showcase its energy-saving lighting technology - and its stock, which trades in the Pink Sheets, jumped nearly 43% the next day.
Walgreen disavows the release, as does Energy Solutions Group, an Appleton, Wis., consulting firm whose clients include Walgreen, and complained to the Securities and Exchange Commission.
"The press release is just not an accurate representation," said Walgreen spokeswoman Tiffani Bruce. She said Deerfield, Ill.-based Walgreen has 5,584 drugstores and, to date, no equipment from Axis has been installed in any of them. She said Walgreen raised concerns with Axis, but if it issued a correction, "we haven't seen one."
Energy Solutions Group President Michael Verkuylen said he only learned of the release after it was issued, when Walgreen executives phoned him and were "none too pleased by it."
"We've contacted the SEC," said Verkuylen, adding that he understands the agency has begun a formal investigation into the matter. SEC spokesman John Heine declined to comment.
Axis Chief Executive Kip Hirschbach and President Jim Erickson said they're not aware of having done anything wrong. They said they've apologized to Walgreen, and called the press release "100% true."
Executives offered conflicting accounts of how the press release came to be issued. Verkuylen said his firm tested the Axis ballast - which adjusts fluorescent lighting based on the level of natural light available - in its own offices. He said the energy-saving product was promising enough that his firm decided to try it at two Walgreen locations, and supplied shipping addresses to Axis without identifying them as Walgreen stores. He thinks Axis figured out where the shipments were headed and issued the press release without checking with him or Walgreen.
Verkuylen said that on the advice of its lawyer, his company has had no subsequent contact with Axis. While "they seem to have a decent product," Verkuylen said, "we can't work with companies that are unscrupulous."
For their part, Axis Technologies executives say they received emails from Energy Solutions stating their product would be tested at Walgreens. Robert Axelrod, a Houston lawyer who represents Axis, said the company won't release the emails and "has no further comment."
Axis hasn't been shy in the past about issuing upbeat information. Its Web site's "success stories" feature a Texas A&M University Energy Systems Laboratory study comparing Axis ballasts against a competing product in a terminal at the Dallas-Fort Worth airport. The 2005 report concluded the Axis product was superior, offering energy savings of up to 37%.
Harold Huff, an associate research engineer at the lab in College Station, Texas, said he wasn't aware that Axis Technologies had posted the findings, but said the results are accurate. He said ballasts used in the test were donated and that the airport hasn't made any decisions yet on purchasing the product.
Brite-Lite, a wholesale lighting distributor in Vancouver, British Columbia, is another fan. It has an exclusive distribution agreement to sell Axis products in Canada, which Axis announced in a Dec. 1 press release. Brite-Lite sales manager Dave Sinclair said his firm is impressed with the Axis product. He said he was quoted accurately in the release and termed Axis' estimate that the deal would generate more than $5 million in sales this year "a possibility."
Axis projects 2007 revenue will approach $13 million and nearly double, to $25.8 million, in 2008. Its stock, which jumped above $1 a share on Nov. 17, hit $2.16 a share last week, a one-year high. It closed Thursday at $1.83.
Shares in the company were rising even before the Walgreen announcement. One reason: Beacon Equity Research, of Plano, Texas, issued a Nov. 13 report predicting Axis stock would outperform the market and set a one-year target price of $3.06 a share. Editor Jeff Bishop said the research firm doesn't have an equity position in Axis and was paid $6,750 by an Axis shareholder to produce the report. Axis executives said the company didn't pay for the bullish research report.
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