The price of oil has corrected
significantly off its recent highs. One reason I liked Valence as an energy
hedge is it has technology that will be required to reduce carbon emissions.
That means there will be demand for its products even if gasoline returns to $20
a barrel!
Long term, I expect Valence Technology to
do well (see "Products Using Valence Batteries Today" below) but it can be a
great trading stock too. That means I expect to continue trading Valence around
my core long position to generate cash much like an ATM!
Click charts courtesy of
stockcharts.com to see full size images
Today I took profits in Valence Technology (
VLNC Charts)
after it surged to my "Auto Sell" profit taking level of $4.45 where I
automatically sold 500 shares per the "Auto Sell" listed on the "Explore
Portfolio Auto Buy and Sell Table" on page 11 of the current newsletter. These
were some shares I purchased earlier in the month at $3.42 as I trade around a
core position.
We made $491 or 28.5% on the buy made earlier this month
(see table below) when VLNC corrected to the lower support level (dashed blue
line shown on pg 27 of the August Newsletter) and we repurchased some of the
profit taking shares at $3.42.
Profit = [($2213 - $1722) / $1722] x 100%
Profit = 491 / 1722 x
100% = 28.5%
A nice little gain in a bear market!
Valence
Buy/Sell History in my "
Explore
Portfolio"
Date
|
Action
|
Shares
|
Price
$
|
Amount
$
|
Running
$ Total
|
Shares
Held
|
Avg $/
share
|
12/31/04
|
BUY
|
1,000
|
3.13
|
-3,145
|
-3,145 |
1,000
|
3.13
|
08/21/05
|
BUY
|
1,000 |
2.51
|
-2,522
|
-5,667
|
2,000 |
2.84
|
12/20/05
|
BUY
|
1,000 |
1.78
|
-1,792
|
-7,459
|
3,000 |
2.49
|
12/30/05
|
BUY
|
1,000 |
1.42
|
-1,432
|
-8,891
|
4,000 |
2.22
|
01/10/07
|
BUY
|
1,000 |
1.37
|
-1,382
|
-10,273
|
5,000 |
2.05
|
10/22/07
|
SELL |
1,000
|
1.97
|
+1,958
|
-8,315
|
4,000
|
2.08
|
01/08/08
|
BUY
|
1,000 |
1.64
|
-1,652
|
-9,967
|
5,000 |
1.99
|
02/12/08
|
SELL |
1,000
|
2.49
|
+2,478
|
-7,489
|
4,000
|
1.87
|
03/26/08
|
SELL |
1,000
|
4.79
|
+4,778
|
-2,711
|
3,000
|
0.93
|
04/09/08
|
SELL |
1,000
|
3.75
|
+3,738
|
+1,027 |
2,000
|
All Profit
|
07/02/08
|
BUY
|
500 |
3.42
|
-1,722
|
-695
|
2,500 |
0.28
|
07/29/08
|
SELL |
500
|
4.45
|
+2,213
|
+1,518 |
2,000
|
All Profit
|
|
=>
As of 7/29/08 I hold 2,000 shares on "house money" with $1,518 in
profits
We can feel good about these gains in our "higher energy price
hedge" to help pay for the more expensive gasoline.
|
Products Using Valence Batteries
Today:
Segway Personal Transporters
improved their rage from 10 miles to 24 miles with Valence Lithium Phosphate
technology. The security force at Stanford Shopping Center in California (near
me) use these to patrol the outdoor mall and parking lots. I've also seen
"caravans" of them around the Google complex in Mountain View, CA
Enova Systems delivered
California’s first plug-in hybrid school bus to the Napa
Valley Unified School District. The bus cost $249,000, two-to-three times more
than a conventional school bus, but it will reduce diesel engine emissions by up
to 90 percent and be far more fuel efficient and save money on fuel!
EnergyCS:
"Toyota Prius
powered by Valence Lithium Phosphate batteries wins innovation award." You
can see "Valence Technology" on the battery in the photo.
Brammo:
The first first production, zero-emissions and battery powered plug-in electric
motorcycle. The chassis integrates six Lithium Phosphate batteries from Valence
Technology. The Enertia has a top speed of over 50 mph."
Kegel builds automatic bowling
alley cleaning and conditioning machines that use Valence Lithium Phosphate
Rechargeable batteries to greatly exceeded the performance and usability Lead
Acid Batteries without using a power cord.
