Start your due-diligence immediately:
Balqon Corp.
Symbol: BLQN
Price: 1.05
Revenues for the nine months ending 9/30/09:3,055,958 Up from 213,362 in 2008 ( Up 1332%)
The Company:
Leading developer of heavy duty electric trucks, tractors and electric drive systems.
Grant from The City of Los Angeles up to 400,000 dollars
Tractors are in the Port of Los Angeles
Deal with Autocar:
June 2009 amended October 2009: Balqon and Autocar agree to develop sales leads, coordinate sales facilities, and train each other’s sales forces in the operation and sale/lease of the Heavy-duty Trucks. The Company and Autocar also agreed to use commercially reasonable efforts to identify and pursue funding opportunities, such as public and private grants and initiatives,
that may be available in connection with promoting the development and sale of the Heavy-Duty Trucks.
Autocar has been around since 1897…
The News: After the Close Friday: Go Read the Full Story:
Balqon Corporation Expands Product Distribution into Argentina
Other Significant News: Jan 29:
Balqon Corporation Completes Cold Weather Testing on Lithium-Ion Battery Powered Electric Tractor:
The Nautilus XE20, released earlier this month, is designed, integrated, and built in cooperation with Autocar® Truck and their Xspotter® yard tractor team. “Supported by Autocar® locations coast to coast in US and Canada, we believe that the Nautilus XE20 is truly a commercially viable zero emissions alternative to traditional diesel powered yard tractors currently in use in warehouse distribution centers, marine terminals, intermodal facilities, industrial plants and railyards,” said Autocar’s® Eric Schwartz, Vice President Specialty Vehicle Business of Autocar® LLC.
The Chart: Nominal resistance at 1.27, next 1.42, nominal also. Support 1.00, a lot
Daily Chart: Finding support on 10dma, currently .93, above 20dma, currently .96
10 and 20 day lines have turned up, may be confirming a move here.
Friday found the stock reclaiming 50dma, currently 1.04 (This can be a major buy signal)
MACD bullish crossover and it is Rising.
Weekly Chart: Classic 3 Waves Down, bottom may be in.
MACD histogram about to go positive.
Watch for stalling at the 1.60 to 1.80 zones..
GLTA
Hope it goes to 5.00 for you..
Information herein may be forward looking within the meaning of Section twenty seven A of the Securities Act of nineteen hundred thirty-three and twenty one B of the SEC Act of nineteen hundred thirty-four. Statements involving discussions of future events. Don’t rely on them to make a decision. Past performance is never indicative of future results. BLQN is a reporting company pursuant to the voluntary reporting requirements of Section 12g of The Exchange Act of nineteen hundred thirty-four and files annual and quarterly reports under sections 13a-1 and 13a-13 promulgated thereunder. URGENT: Please, please read those SEC filings before you invest. Make an informed decision. BLQN has: an accumulated deficit, an operating loss, and an auditor’s going concern opinion. It is a revenue producing company. We received sixty thousand free trading shares from a non affiliate for our services. We intend to sell our shares. The party that paid us has a position in the stock which they intend to sell now, which could have a negative impact on the price of the stock. BLQN is a high risk stock. WARNING: You can lose all your money buying BLQN. This report shall not be taken as investment advice or solicitation. Read our full disclaimer now at: http://www.thestockprophet.com/disclaimer.html
