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CNES hired this guy to be on the Board of Directors...a promotion over being just an Advisor.
This has got to speak volumes on the potential (positive) direction of the company. The new financing is going to pay his salary and finish the construction in progress, and maintain the Co. for 12 Mos.
Just got to post it....he is going to be a boon for CNES.
Mr. Rodney Lighthipe;
Mr Lighthipe has a long and distinguished career in the electric utility and energy industry spanning thirty years. He has served the industry both as a corporate manager and as a consultant. His career began at Southern California Edison and included service in the areas of (1) power plant engineering, construction and operation, (2) nuclear engineering, (3) bulk power purchasing and (4) research, development and demonstration.
Mr. Lighthipe continued his corporate career at San Diego Gas & Electric as Manager of research and as Director of Product Development. His most notable achievement at SDG&E was the launch of two automated Meter-reading demonstrations when the AMR industry was still in its infancy.
Mr. Lighthipe was also responsible for the launch of a first of its kind residential based information and telemetry system. This SDG&E project was in conjunction with a major international telecommunications partner.
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AtHomeDad... This quote..."(3) bulk power purchasing" from your post concerning Mr. Lighthipe is significant...
We don't talk much about selling and purchasing bulk power...This is a major selling point for CNES to utilities. The real time reads of CNES's product allow utilities to manage their power effectively. The power savings also allows the utility to buy and sell bulk power at a more profitable and cost effective situation. This will be discussed in any bid proposal or sales meeting...It could translate into very real bottom line advantages for utilities...
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Our system posted a BUY-IF today. The previous SELL recommendation was issued on 03.20.2006 (8) days ago, when the stock price was 0.0011. Since then CNES has fallen -9.09% .
A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the prime star of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.
There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous day’s close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.
Data provided by: End of Day Data
BUY-IF
0.0010 +0.0001 +11.11%
Candlestick Analysis Today’s Candlestick Patterns: Short White Candlestick Bullish Piercing Line
Today a Short White Candlestick was formed. This represents relatively weak buying pressure with little price movement. For more about this candlestick click here.
The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended. For more about this pattern click here.
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The chart shows that ever since the "Golden Cross" earlier in the month, the PPS has declined. Isn't the opposite suppose to occur? WTF?
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quote:Originally posted by dkinvest: The chart shows that ever since the "Golden Cross" earlier in the month, the PPS has declined. Isn't the opposite suppose to occur? WTF?
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the cup is forming, the 200dma is being brought up...charts look great to me. I think you just need a bit of patience. we should start moving up soon.
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Howdy fellow CNES'ers. Still holding on this one. Have any of the veterans experienced something similar to this? The suspense is KILLING me.
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It has shown this exact same pattern on the last two run ups. Hopefully history repeats itself, and then we get PR of Contract in the works or done.
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By Michael Soni RealMoney.com Contributor 3/29/2006 4:11 PM EST Click here for more stories by Michael Soni
This column was originally published on RealMoney on March 29 at 12:59 p.m. EST. It's being republished as a bonus for TheStreet.com readers. As I was looking through my watch list, I could not help but notice that Itron (ITRI:Nasdaq - commentary - research - Cramer's Take) looks like it's setting up for another run. This is a stock that first broke out in March 2005 through $24, trading straight up to about $54. Then, as luck would have it, Itron did exactly what I hoped it would: It took a rest, by correcting and bottoming to around $38, followed by sideways-to-up trading back to the upper $40s over the course of seven months.
When stocks have big moves, as Itron did, they need to take a rest in order for the gains to be digested. This period of consolidation is necessary if further moves are to be sustainable.
On Feb. 14, Itron gave the market something it obviously liked, judging by the stock's reaction. The company reported fourth-quarter earnings on an adjusted basis of 59 cents per share, compared with 33 cents from the same quarter a year ago, when Thomson Financial was looking for only 42 cents per share. Itron also gave a positive forecast for 2006, saying it expects revenue between $605 million and $615 million, a significant increase over 2005's $552.7 million and 2004's $399.2 million. These data points resulted in the stock gapping up to new highs near $63 on big volume. With the stock trading near $60 again, a breakout of the current post-gap trading pattern -- which looks like a bullish flag formation on a longer-term basis -- appears imminent. It's worth noting, too, that the recent moves have expanded its market cap to $1.5 billion.
The fundamental trends in play for Itron back up the company's bullish view. It operates in the global energy and water industries. Utilities worldwide rely on Itron for its award-winning technology, which helps optimize delivery and use of energy and water. The company basically provides meter technology to utility owners, which helps them collect and analyze data about customer usage.
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