XSNX Revisited
Thanks to those of you have written to me about XSNX and how this stock pick made you some bucks recently. Several friends and family members of mine also have shares of the stock. Recently, the stock hit an all-time high of $1.56 per share. It has climbed back up and is within 15 cents of that record again. The near future could hold some amazing jumps for XsunX. According to a Smith Barney research article, President Bush made some comments that his State of the Union address tonight will strongly hit the need for alternative energy..particularly fuel cells and solar. Yesterday, all of the stocks saw nice gains as a result. So, we'll see what he says tonight. Also, the Iran issue is escalating and OPEC is planning on cutting oil output. Putting 2 and 2 together, oil is going to be a hot topic and it is likley to get worse before it gets better. And with the President's push for solar and fuel cell energy in the future, these stocks are set to take off again. We'll see what happens, but I am not so sure $3 or $5 a share for XSNX is out of the question over the next 52 weeks?? Long shot, yes, but it did jump from 9 cents to $1.57 in 3 months. Happy trading.
posted by Howard Altschule at 1/31/2006 08:01:00 AM
6 Comments:
Howard, what do you really know about XSNX? Do you know their history? Are you familiar with any of their executives? Are you familiar with their execs past accomplishments?
Too many things about it sound fishy. Other than a shot a making a quick buck (which seems that you have profitted nicely), XSUNX sounds fake, but its getting a run from PR pumping. How do you go from mining to photovoltaics? Did you know they used to be Sun River Mining? Its not surprising they went from one formerly hot industry to another such as alternative energy.
This is taken from old website articles:
Mr. Djokovich was the founder and served from 1995 to early 2002 as the Chief Executive Officer of Accesspoint Corporation (OTC BB:ASAP.OB - News), a vertically integrated provider of electronic financial transaction processing and e-business solutions for businesses. Mr. Djokovich currently serves on the Board of Directors of Roaming Messenger, Inc. (OTC BB:RMSG.OB - News), provider of a breakthrough solution for delivering real-time information for homeland security, emergency response, military and enterprise applications. He founded TMD Construction and Development, a commercial and residential construction and development company in 1979. Mr. Djokovich has also provided construction management and real estate disposition services as a court appointed receiver, consulting on 15 projects to date.
Try looking up ASAP.OB in yahoo. or RMSG... stock price histories are big jokes. And do we really care about service as a court appointed receiver? No one ever asked...
If you have more info than I, please dispell my skepticism. By the way, their "headquarters" is a suite shared with 6 other small businesses.
Interestingly, I did not know much about the history of this company. I have no ties to it or the CEO. I, do, however like the concept he has immensely and think their is huge poitential. DSTI is a local company that had 1 employee 1 year ago. They are now at 17 employees or so and are getting ready to roll out production. Similar situation here. I think XSXN will roll out a manufacturing process and hire PR firms/marketers to put their product in the marketplace. As I'm you have read in their announcements recently, that's their game plan now. DSTI jumped from $2/share to $17/share in a short period of time. This market is now driven by potential more than anything. The skeptical and cautious investors make little money but those who have a vision and are willing to take the risk on smart ideas that can have a huge effect on current costs and events, will make a lot of money. I expect XSNX to continue to grow as a company and also in stock price. Of course I will keep track of what happens with the price and with the company, but I am quite optomistic right now.
read more about xsnx here:
http://energystockblog.com/article/4751
Have any of you called the company on the phone? Try it sometime. They only have one employee and that's the CEO!
Do some research on this one - it's kinda funny.
XSNX has prototypes in place in a facility in Nevada, 2500 sqft of panels produce enough power to regenerate elecricity to battery backup systems.
Funny that the web boards have basically stopped talking about this company in the last 1 1/2 years. XSNX stock is now trading around $.33 and actually trending lower. For those, like me, that have continued to monitor the company, there are many great things in the works.
1. The company has changed its business model from a licensee to an actual manufacturer.
2. Manufacturing plans have been set and the new manufacturing facility will open its doors in Spring 2008.
3. Financing for the plant has been secured through a stock transation with a VC fund, making the plant a definite go.
4. Presales/ preorders on their product has already hit 90 MW in about 6 weeks since launch of the plant.
Based on the above information,all the naysayers who predicted a bust, will be sadly wrong. Now is the time to buy!! I see XSNX as a company in the very early stages of the likes of FSLR and Sunpower. Based on projected manufacturing milestones, and sales numbers of the new plant, I see a direct correlation between XSNX and where the same companies were at 3 years ago. Imagine if we had all invested in FSLR (only 1 year ago at $25, now at $200), well, now we have the chance to invest in this same type of company, but at a much lower buy in cost. Yes, the number of shares is 2x those of FSLR, but even with double the float, the upside on the stock price, once mfg. starts next spring, will be HUGE. I am also certain, that early bookings of the U.S. facility will have XSNX staff (of which there are now a whole team) working to establish manufacuirng facilities in other countries as well. Notice that I have only spoken about the solar cells, as though they are equal to those of the competitors listed above. We all know of the technology that XSNX has and how it is superior to those of the competitors. As such, if they can get some product made, further establish their dominant product performance, then the speed with which XSNX ramps up to a MultiNational player should be even faster then that of FSLR and Sunpower. Buy now, ride the roller coaster over the next 12 months, possibly lower, maybe higher, but the day will come when the world turns its eyes back to XSNX, and the data will show that their 'crazy, conceptual' company will then be a full scale leader in Solar Technology, with the stock price being $20+ within 3 years. I have bought a ton of shares at the beat down price, and can afford to lose the $$ if I am wrong, but as a certified energy consultant, who has done his reasearch on the company and the products, I am fully expecting the upside of my prediction to be monstrous. Sorry about the length!!
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