November 24, 2017
September 28, 2017
FSHOX 3.8% and 5.8% in less than 60days
Caught this short term swing nicely for 3.8.% and 5.8% profit over 58 and 31 days respectively.
September 6, 2017
The Growth of Cobalt Markets and Lithium-ion Batteries as a Result of EVs Popularity
Print FormatThe Growth of Cobalt Markets and Lithium-ion Batteries as a Result of EVs Popularity
NEW YORK, September 6, 2017 /PRNewswire/ --
According to a report by Transparency Market Research (TMR), the global lithium-ion battery (LIB) market will reach US $77.42 billion by 2024, at a CAGR of 11.6% throughout the forecast period (2016 - 2024). An essential component of the LIB market is the chemical element of Cobalt. Like nickel, cobalt is found in the Earth's crust only in chemically combined form. According to Benchmark Mineral Intelligence, 75% of lithium-ion battery cathode capacities are expected to contain some volume of cobalt by 2020. TMR indicates that the growth of the global cobalt market can be attributed to the rising demand for lightweight electric vehicles (EVs). Rechargeable batteries are widely used in electric cars and are giving rise to the demand for cobalt, as it is one of the main compounds added in batteries. First Cobalt Corp. (OTC: FTSSF), Tesla Motors, Inc. , Panasonic Corporation ( PCRFF
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) , Albemarle Corporation ( ALB
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) , Sociedad Química y Minera de Chile S.A.
The primary focus of automakers has been reducing costs while increasing energy density and vehicle range. "The push by automotive original equipment manufacturers (OEMs) and battery manufacturers to continually reduce battery pack costs continues," says William Tokash, Senior Research Analyst with Navigant Research. "This effort, led by improving battery manufacturing processes and maturing supply chains, is anticipated to yield a market driven by battery electric vehicles where both large and small capacity Li-ion battery-pack-equipped vehicles have markedly improved driving ranges."
First Cobalt Corp. is also listed on the TSX Venture Exchange under the ticker symbol 'FCC'. The company earlier today announced that the filing of an independent NI 43-101 technical report on its Greater Cobalt Project, located near Cobalt, Ontario. The Project area covers 4,300 hectares in the neighboring historic towns of Silver Centre and Cobalt, now commonly referred to as the Cobalt Camp.
Highlights- Describes the geological setting of the Camp and provides a detailed history of past production, noting that three historic mines within the Greater Cobalt Project (the Keeley, Frontier and Bellellen mines) produced an aggregate of 3.3 million pounds of cobalt and 19.2 million ounces of silver. Provides a detailed list and map of all assessment work filed on the Greater Cobalt project. By assuming the Woods Vein accounted for 70% of cobalt production from Keeley-Frontier, the technical report concludes that the average feed grade was about 0.8% Co; possibly higher, due to unreported cobalt content in silver concentrates. Concludes that the Cobalt Camp has potential to host additional arsenide silver-cobalt vein deposits and that further exploration is warranted. Endorses the Company's 2017 exploration program and budget, consisting of historical data compilation, prospecting, geological mapping, use of modern geophysical and geochemical methods plus follow-up surveys, as well as diamond drill testing of targets.
Trent Mell, President & Chief Executive Officer, commented, "This is an important document and milestone for First Cobalt. The Technical Report supports our position that the Cobalt Camp has the potential to host new cobalt discoveries amenable to bulk mining. A 7,000 metre drill program at Keeley-Frontier and the surrounding region commenced August 8 and we look forward to announcing the first assay results in the near future."
The technical report entitled "Technical Report on the Greater Cobalt Project, Larder Lake Mining Division, Ontario" dated effective July 31, 2017 was prepared in accordance with National Instrument 43-101 - "Standards of Disclosure for Mineral projects" by Ian Trinder, MSc, P.Geo., of CSA Global Geosciences Canada, an independent "qualified person" for the purposes of NI 43-101. The report was prepared in connection with the Company's ongoing work program on the Greater Cobalt Project and does not disclose a resource estimate. A copy of the Technical Report is available under the Company's profile on SEDAR."
Tesla Motors, Inc. and Panasonic Corporation ( PCRFF
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) have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to a blog from The Tesla Team on January 4, 2017, the Tesla and Panasonic ( PCRFF
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) begin mass production of lithium-ion battery cells, which will be used in Tesla's energy storage products and Model 3. Production begins on cells that will be used in Tesla's Powerwall 2 and Powerpack 2 energy products. Model 3 cell production will follow in Q2 and by 2018, the Gigafactory will produce 35 GWh/year of lithium-ion battery cells, nearly as much as the rest of the entire world's battery production combined.
Panasonic Corporation ( PCRFF
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) is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. On April 27, 2017, the company announced that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. Panasonic ( PCRFF
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) has provided automotive lithium-ion batteries to a number of auto manufacturers on a global basis and is leading the automotive battery market. Furthermore, in response to further increase in the demand of high-performance automotive lithium-ion batteries, Panasonic ( PCRFF
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) not only increased production at Japanese sites but will also start automotive battery cell production in the United States in 2017. The newly constructed factory in China is a new production facility of Panasonic Automotive Energy Dalian Co., Ltd., an automotive battery joint venture established between Panasonic ( PCRFF
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) and Dalian Levear Electric Co., Ltd. in February 2016.
Albemarle Corporation ( ALB
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) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. On March 16, 2017, the company announced that Talison, a joint venture between Albemarle and Tianqi Lithium Corporation, has approved the expansion of lithium concentrate production at its Greenbushes, Australia spodumene mine. Greenbushes is the world's largest active lithium mine. It has the largest hard rock lithium reserve, and contains the highest concentration of lithium oxide available of any active mine. The expansion is intended to more than double the LCE capacity at Greenbushes from 80,000 MT/year to more than 160,000 MT/year, of which Albemarle has a 50% interest in the offtake. Commissioning of the expansion is expected to begin in the second quarter of 2019.
Sociedad Química y Minera de Chile S.A. is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. On July 12, 2017, the company announced that following the recent announcement of the formation of a Joint Venture between SQM and Kidman Resources, SQM will consolidate three complementary lithium production plants worldwide: the Salar de Atacama in Chile, the Salar de Caucharí in Argentina, and the Mount Holland Spodumene deposit in Australia.
August 28, 2017
August 24, 2017
July 28, 2017
July 12, 2017
July 5, 2017
January 11, 2017
January 5, 2017
January 4, 2017
March 6, 2015
This is why my 401K is 85% cash right now
I hate that pit of the stomach feeling, which why I sold everything in my 401K within the last weeks.
You could see this train coming...
The only thing I have left in my 401K portfolio is the HPQ stock fund (I work for HP so usually have some HPQ stock).
Interestingly, I just re-bought HPQ, after a 15% drop in the last two months and lackluster earnings report last week. It's direction in theory will be up, as it is already oversold.
You could see this train coming...
The only thing I have left in my 401K portfolio is the HPQ stock fund (I work for HP so usually have some HPQ stock).
Interestingly, I just re-bought HPQ, after a 15% drop in the last two months and lackluster earnings report last week. It's direction in theory will be up, as it is already oversold.
February 28, 2015
February 19, 2015
FPHAX with 5.6% in 34 days
Nice trade that tracked pretty well to plan, with 5.6% profit in 34 trading days.
I was especially happy of how the trade conformed to my plan of buying at RSI 20 and selling at RSI 80. These upper and lower limits are indicated by the yellow lines on the RSI study.
According to Investopedia, Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.
Stocks are vibrational. The follow a general trend, and then vibrate above it and below it. If they go too high, they pull back. RSI measures the strength of the pull. It works a little like bollinger bands with less guesswork.
In my words, it tells you how strong the rubber band is pulled away from the longer term trend. If RSI is under 20, or over 80, a spring back is likely. If its over 90, sell for sure. Under 10, and it's a once in a year buying opportunity in mutual fund. Just be careful, RSI will still oscillate even when the trend is long term down.
I recently adjusted my RSI settings to be more conservative. They were previously a very aggressive 10 and 90, which means I was missing too many opportunities at the bottom end and waiting to long at the top end.
Note that I use an RSI interval of 5 days. I experimented with this interval to try and get maximum correlation with the price variation. I first added an RSI-7 study to my trading layout after attending a seminar at the Online Trading Academy. I prefer 5 as trends are more visible.
The blue dashed lines are my rough trend lines, the green dotted line the actual trade.
Annotating graphs is a way to clarify your thinking and the rules that you are trading by. It takes the emotions out and lets you treat fine tune your technical analysis approach.
You can see on the graph below, RSI is giving a much clearer signal than anything else about when to enter and exit the trade. If you had timed each oscillation strictly using the 20/80 rule, you would have made around $6 per share profit while the overall stock moved only about $2.50. Plus, your money would have only been invested about 60% of the duration of the 'buy and hope' investor.
I was especially happy of how the trade conformed to my plan of buying at RSI 20 and selling at RSI 80. These upper and lower limits are indicated by the yellow lines on the RSI study.
According to Investopedia, Relative Strength Indicator (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset.
Stocks are vibrational. The follow a general trend, and then vibrate above it and below it. If they go too high, they pull back. RSI measures the strength of the pull. It works a little like bollinger bands with less guesswork.
In my words, it tells you how strong the rubber band is pulled away from the longer term trend. If RSI is under 20, or over 80, a spring back is likely. If its over 90, sell for sure. Under 10, and it's a once in a year buying opportunity in mutual fund. Just be careful, RSI will still oscillate even when the trend is long term down.
I recently adjusted my RSI settings to be more conservative. They were previously a very aggressive 10 and 90, which means I was missing too many opportunities at the bottom end and waiting to long at the top end.
Note that I use an RSI interval of 5 days. I experimented with this interval to try and get maximum correlation with the price variation. I first added an RSI-7 study to my trading layout after attending a seminar at the Online Trading Academy. I prefer 5 as trends are more visible.
The blue dashed lines are my rough trend lines, the green dotted line the actual trade.
Annotating graphs is a way to clarify your thinking and the rules that you are trading by. It takes the emotions out and lets you treat fine tune your technical analysis approach.
You can see on the graph below, RSI is giving a much clearer signal than anything else about when to enter and exit the trade. If you had timed each oscillation strictly using the 20/80 rule, you would have made around $6 per share profit while the overall stock moved only about $2.50. Plus, your money would have only been invested about 60% of the duration of the 'buy and hope' investor.
February 17, 2015
FSDPX (finally!) with 1.3% and 5.5% profit
This was a long complicated exit strategy to get myself out of a bad trade.
The original position was open at $85.81. This was a losing trade for a long time by my standards. This position closed only at a 1.3% profit because of a dividend payment. The dividend was partly what caused the steep dropoff in price in October.
In between was another profitable trade from $80.12 to $83.56. (4.3% in 26 trading days)
With a big loss on the original trade, I bought back at $77.27 to try and neutralize the loss. Buy timing was indicated by RSI at 18, a bounce off the lower bollinger band. In hindsight a little early.
The final trade ended going up nicely, with 5.2% profit in 41 trading days.
RSI on the daily chart is at 97, so expect this to drop back this week.
I think I will stay clear of this fund for a while. The whole thing was a bit exhausting.1
February 5, 2015
FSHOX 4.8% in 30 days
This trend may continue all the way up to the upper bollinger band....or it may not. Volume indicates the trend has still more to run, but with a RSI of 80 and such a strong run this week, it may drop off just as sharply.
Closing at the top of a big green candle with a nice profit for 30 trading days.
January 29, 2015
FSPHX 4.5% in 26 days
The market is in a schizophrenic mood. Wild swings yesterday and today.
Taking profits so I can show some book some profits to January... Daily chart (not shown) shows a potential further dropoff.
Taking profits so I can show some book some profits to January... Daily chart (not shown) shows a potential further dropoff.
Closing FWRLX 3.9% in 31 trading days - too much volatility
Closing. Way too volatile for a mutual fund. Still, 3.9% in 31 trading days is not bad. Missed two obvious sell points because I was not paying attention to the daily chart. This fund trades more like a stock than a mutual fund.
Well, 7.9 % since August is not bad on a fund that is overall in a downtrend.
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